Updates

Card Factory - Another upgrade

February 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.

Like Shoe Zone, Card Factory, the UK's leading specialist retailer of greeting cards, has had its second MASSIVE upgrade within two months. Nice to have made the shares a main buy in SCSW last June at 63.5p. The latest upgrade follows strong Christmas trading. Sales for the 11 months to end December were £432.6m and EBITDA for the year to 31 January is now guided to be “at least £106m versus consensus of £96.9m” with pretax profit of £48.6m, which is a whopping 26% ahead of previous guidance and even 32% ahead of the upgrades that followed mid-November’s update. Net debt at the year end was £46.5m. Store revenue was +7.1% LFL (accelerating from the 6.2% reported in mid November) driven by customers continuing to return to the high ...

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Eagle Eye

Superdry

Card Factory - Trading at top end of forecast range (February 2024)

Card Factory - Beefy 40-page buy note from Liberum (June 2023)

Card Factory (May 2023)

Card Factory - Forecasts climb by 32% (December 2022)

Card Factory - Targets “card-attached” market (June 2022)

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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