Updates & Ideas

Card Factory - Four “ahead of” updates since November

September 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

In the current climate momentum doesn’t come much better than at greetings cards group Card Factory, which has issued four “ahead of” updates since last November. In that time pretax profit forecasts for the year ended January ‘23 have been cumulatively raised a massive 80% by broker Investec, coming in at £52.4m (eps: 12.2p) versus £11m in the Pandemic riddled FY’22. For the current year pretax profit forecasts were £55m but could go higher still. Founded in 1997, the company operates a vertically integrated low cost model, with a well-invested and scalable production facility in Baildon Yorkshire producing over 210 million cards per annum with capacity to flex up to 400 million. This is backed by a national distribution centre ...

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Loungers - Roll-out target upped from 400 to 600

Hunting

Card Factory - Long-term seller finally exits (September 2024)

Card Factory (March 2024)

Card Factory - Recovering card retailer on low PE (June 2022)

Card Factory (June 2017)

Card Factory (March 2017)

Card Factory (November 2016)

Card Factory - Tremendous 7.7% dividend yield (August 2016)

Card Factory - Another special dividend expected (June 2016)

Card Factory - Liberum highlights 16 month payback for new stores (March 2016)

Card Factory - â€œ30% of market cap to be returned to shareholders by 2023,â€ says broker (November 2015)

Card Factory (October 2015)

Card Factory - Peel Hunt initiates with Â£5 target (July 2015)

Card Factory (March 2015)

Card Factory - Greetings card firm enjoys huge gains in market share (January 2015)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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