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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Card Factory - Long-term seller finally exits

September 2024

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.

  • Epic Code:
  • CARD
  • Price:
  • 122p
The shares rose 20p to 120p after a longstanding overhang was removed with Swiss-based Teleios Capital Partners finally selling its entire 20% stake. This followed Card Factory’s finals (y/e Jan ’24), which showed sales, pretax profit and eps rising 10%, 27% and 12%, respectively, to £511m, £62.1m and 13.5p. Since the results, broker Edison has published a 19 page note, stating Card Factory’s on track to hit its four year target for revenue and PBT CAGR of 9% and 17%, respectively, between FY’23-’27. Edison highlights several factors to support future growth: First, increasing and optimising the store estate (currently 1,058 outlets) to cover under penetrated markets (including London and Ireland) and allocate more s ...

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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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