Thursday 19 July 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Tom Winnifrith Bearcast - The £172k court case Safestyle is keeping quiet about & why Chris Bailey's City pal is wrong
Well which fund manager do you think always knows far better than than the market? After dismal interims in September, only those who always know better than the market would have snapped up 5.02% of the company in early October...
Shares in retailer Card Factory (CARD) are currently down approaching 15% on the back of results for its half year ended 31st July despite CEO Karen Hubbard arguing “we have delivered a solid set of interim results with strong growth in like-for-like sales and total revenue, despite the decline in footfall seen across the high street”. Hmmm…
Hello Share Hikers. It’s been my view for yonks that companies which make and sell greetings cards are possibly cruising for a bruising.
Having previously noted on Card Factory (CARD) slowed sales growth & where are like-for-likes?, I now note “Trading Statement” and “Directorate Change” announcements from the cards and gifts retailer...
I wrote on Card Factory (CARD) in August with the shares then at around 300p – concluding I could understand the share price decline and to avoid. The following updates with the shares currently at 260p on the back of a third quarter trading update…
A trading update for the six months ended 31st July 2016 from Card Factory (CARD) notes “we remain as convinced as ever of the strong growth prospects for the business”, though describes a trading performance “lower than our normal levels”. Hmmm...
On the daily chart of Card Factory it can be seen how one can draw a rising trend channel from as long ago as the this time last year.
Anyone looking for what seems to be a high quality up trending situation would apparently not need to venture further than the daily chart of Card Factory at the moment.
Shareholders of Card Factory )CARD) have been fortunate in recent months in being backed by a relatively consistent bull run for the shares, one which has dominated the daily chart timeframe over the post summer 2014 period.
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