9 Comments

Thanks. I think most loyal readers must know what I hold as I only hold 16-17 stock most of the time and they all get regularly covered in Substack.

I have been buying CARD recently, which is a return to an old girlfriend of mine.

Expand full comment

Panmure Target with the pension reduction should say 47p, not 37p. I have edited that

Expand full comment

Thanks Rebel for the in depth on CAR. These laser focused articles are very useful and concentrate the mind.

I sensed you might be back in card! I started buying again this week. New 8% shareholder from Singapore bought in on the 19th.

Expand full comment

Teleios out of CARD was what I've been waiting for

Expand full comment

yes, higher rates are very beneficial, and rates are not coming back down very far imo

Expand full comment

Very interesting write up. Don't know much about CAR, but do know something of pension deficits.

Given the significant increase in interest rates I would be surprised if the company will not see a substantial cut in its deficit.

Expand full comment

Thanks for that. I've held CAR before and not bought back (yet) but it's on my watchlist.

The large rise in the last 3 months makes me very hesitant, even with a T=47p.

Expand full comment

That is a great write up Rich thanks for sharing

Expand full comment

Thank you, CR. Always a pleasure to read it. At some point are you going to share your portfolio with your loyal readers? :)

Expand full comment