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Cockney Rebel's avatar

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.

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Cockney Rebel's avatar

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

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Stephen Ornstin's avatar

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.

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Cockney Rebel's avatar

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

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Cockney Rebel's avatar

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

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Wubbe Bos's avatar

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.

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Duncan Cunynghame-Robertson's avatar

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.

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BriefedUp - Jon's avatar

That is a great write up Rich thanks for sharing

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Forsi's avatar

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

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