Card Factory (CARDL)

50.40p
   
  • Change Today:
      0.40p
  • 52 Week High: 179.00
  • 52 Week Low: 29.50
  • Currency: UK Pounds
  • Shares Issued: 340.70m
  • Volume: 13,780
  • Market Cap: £171.71m

Card Factory scraps divi, to shut all stores by Monday close

By Frank Prenesti

Date: Monday 23 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Card Factory said it was closing all its shops by the close of trading on Monday and cancelled its final dividend, in line with efforts to stop people gathering during the Covid-19 crisis.
The company said it would keep the decision "under continuous review and update further in due course". It had earlier on Monday said it would close stores temporarily on a selective basis after a "very material drop in High Street footfall".

To mitigate the pandemic's effects, Card Factory said it had identified "significant" reductions in non-essential capital expenditure and new store openings would be limited to those its was legally committed to complete.

"This stands at seven stores, and these openings will be delayed until the second half of the year. We have taken a number of steps and are in ongoing discussions with landlords to reduce net cash outflow, thereby increasing our short-term financial flexibility. We will continue to keep this under review," the company said.

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Card Factory Market Data

Currency UK Pounds
Share Price 50.40p
Change Today 0.40p
% Change 0.80 %
52 Week High 179.00
52 Week Low 29.50
Volume 13,780
Shares Issued 340.70m
Market Cap £171.71m

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for 10-Jul-2020

Time Volume / Share Price
10:59 4,000 @ 50.40p
10:59 3,723 @ 50.20p
10:46 5,277 @ 50.20p
08:55 480 @ 50.00p
08:47 300 @ 50.00p

Card Factory Key Personnel

CFO Kristian Lee
Chair Paul Moody

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