Updates

Card Factory

May 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 an interesting move, Card Factory has acquired Johannesburg-based SA Greetings for £2.5m cash. SA is a wholesaler of greeting cards and gift packaging in South Africa. It also operates 24 'Cardies' retail stores, with four further stores operated by franchisees. The acquisition of SA Greetings will be used as a launchpad to access wholesale accounts by leveraging the existing printing, merchandising and warehousing facilities. In its last year, SA had £9.4m sales and realised an EBITDA of £0.6m and is immediately eps enhancing. Separately Card Factory said its own results for the 12 months ended 31 January will be ahead of its recently upgraded expectations with sales of £463.4m and an expected EBITDA and pretax profit of at le ...

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AB Dynamics

Warpaint - Forecast busting outlook

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

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

Card Factory - Another upgrade (February 2023)

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

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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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