Card Factory (CARD)

Sector:

Retailers

Index:

FTSE Small Cap

63.80p
   
  • Change Today:
      2.10p
  • 52 Week High: 86.00
  • 52 Week Low: 41.65
  • Currency: UK Pounds
  • Shares Issued: 341.88m
  • Volume: 1,238,363
  • Market Cap: £218.12m

Card Factory in talks to raise funds from banks

By Sean Farrell

Date: Monday 08 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Card Factory is seeking to raise new funds from its banks to get it through the pandemic, according to a report.
The greetings cards and gifts retailer called in restructuring experts from Deloitte who have approached specialist lenders asking to borrow £100m with half that figure earmarked to pay off existing debts, the Sunday Times reported.

After those talks ended with no agreement Card Factory started talking to its existing lenders - HSBC, NatWest, Santander and Lloyds about new arrangements. A source close to the company told the Sunday Times negotiations with the banks were positive.

Card Factory's banks waived covenants on its £200m revolving credit facility in January and February. In January the company said it expected a full-year loss of about £10m after it was affected by coronavirus-related store closures.

The company said in January sales were "significantly" hit by lockdowns and store closures, leading to the loss of more than a third of trading days. Christmas sales in particular were dented by the lockdown imposed in November.

Card Factory shares dipped 0.5% to 61.2p at 08:18 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Card Factory Market Data

Currency UK Pounds
Share Price 63.80p
Change Today 2.10p
% Change 3.40 %
52 Week High 86.00
52 Week Low 41.65
Volume 1,238,363
Shares Issued 341.88m
Market Cap £218.12m

Card Factory Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
1.74% below the market average1.74% below the market average1.74% below the market average1.74% below the market average1.74% below the market average
40.43% above the sector average40.43% above the sector average40.43% above the sector average40.43% above the sector average40.43% above the sector average
Price Trend
57.58% above the market average57.58% above the market average57.58% above the market average57.58% above the market average57.58% above the market average
61.54% above the sector average61.54% above the sector average61.54% above the sector average61.54% above the sector average61.54% above the sector average
Income
15.12% above the market average15.12% above the market average15.12% above the market average15.12% above the market average15.12% above the market average
8.33% above the sector average8.33% above the sector average8.33% above the sector average8.33% above the sector average8.33% above the sector average
Growth
25.84% below the market average25.84% below the market average25.84% below the market average25.84% below the market average25.84% below the market average
24% below the sector average24% below the sector average24% below the sector average24% below the sector average24% below the sector average

What The Brokers Say

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

Card Factory Dividends

  Latest Previous
  Special Interim
Ex-Div 07-Nov-19 07-Nov-19
Paid 19-Dec-19 19-Dec-19
Amount 5.00p 2.90p

Trades for 20-May-2022

Time Volume / Share Price
16:35 2,389 @ 63.80p
16:35 49,176 @ 63.80p
16:30 2 @ 63.60p
16:25 2,315 @ 63.50p
16:25 16,305 @ 63.24p

Card Factory Key Personnel

CFO Kristian Lee
CEO Darcy Willson Rymer

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