Updates

Card Factory - Forecasts climb by 32%

December 2022

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.

The shares spiked to 77p after an unscheduled trading update reported stronger than expected H2 trading, particularly across its everyday ranges. This performance has largely been driven by the stores where like-for-like sales are +6.2%. With incremental sales dropping through at a 33% margin, EBITDA for the year to end January will now be at least £96m versus current consensus of £88.8m. It’s obviously now going to ensure faster than expected debt paydown. Liberum has increased its forecast to end January by 32% to £37.9m pretax profit, for eps of 8.9p. Next year is increased to £57.5m and 12.6p. Results are due 23 January. Tipped at 63.5p in June. Gain to date; 21%. Strong hold. ...

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Me Group - Trading ahead of forecast

Made Tech

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 - Another upgrade (February 2023)

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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