Card Factory today delayed their results announcement by just over a week due to KPMG auditors needing more time to complete the audit. To underline KPMG’s reason for the delay the company also announced a further upgrade to existing guidance.
"We see little reason why the group cannot return towards the FCF generation of the past (£55-60m p.a.) which would put the shares on a potential FCF yield of c.16%."
A free cashflow yield of 16% according to Liberum today. Debt will be getting paid down at a pace - then we can start having the divi restored. There were paying 15p Specials not long ago
Sorry, the comment from Liberum was:
"We see little reason why the group cannot return towards the FCF generation of the past (£55-60m p.a.) which would put the shares on a potential FCF yield of c.16%."
Great update, I can see why this is your largest holding, great to see Liberian raising their price target to 150p even before their results.
Really appreciate your original article.
thank you. It looks like another Hornby to me, first I've seen any stock come close if not better, in 20 years imo
A free cashflow yield of 16% according to Liberum today. Debt will be getting paid down at a pace - then we can start having the divi restored. There were paying 15p Specials not long ago
Cash flow and growth both seem terrific. In some towns, the only places with customers seem to be JDW and CARD.