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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.

  • Epic Code:
  • CARD
  • Price:
  • 106p
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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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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