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The Character Group said for the year ended 31st August 2008, performance was adversely affected by significantly weaker than anticipated UK retail trading environment. The developer distributors of toys, games and giftware said revenue was £82.3m against £95m in 2007. EBITDA was £9.5m against £14.5m and pretax profit was £5.14m compared to £12.56m. Basic earnings per share were 12.03p (2007: 19.20 pence). In light of overall deteriorating economic markets and lack of visibility, no final dividend proposed, Character Group said. Richard King, Chairman, said, 'The Group has maintained a strong and healthy balance sheet; is currently cash positive; has no bank borrowings, and has substantial unused working capital facilities available to it. 'We believe we have maintained or grown our market share and our intention is to continue to build on this position. We consider that it will be some time before there is a return to a more normal economy and we will ensure that we shall be well positioned to take advantage of further growth when the opportunity arises.'
CCT continues to be prudent in the economic turndown - still good long term
I'm in agreement with you, especially after considering the cash in bank, profitability and number of shares in circulation. Even with a big turndown in sales, there is enough going on this this company to survive and prosper in the long run.
Saw that this morning as part of my research before I bought the shares. It is certainly a cautious statement (kinda like cover your butt) in case things turn sour. Nevertheless shares are worth substantially more than current price IMHO
http://www.hemscott.com/ir/cct/ir.jsp?page=news-item&item=70415991211658
Even with the expected trading slowdown these shares are way under valued. Sitting on 10 million in cash reserves (at the time of the interim) and with aggressive growth - should be much higher IMHO
This share is on the move, i was shocked when it went down as much as it did but CCT is worth atleast 300p a im expecting it to be there by the end of the year.
Seems these are dropping quite sharply again at the moment. Wonder how far they are likely to go.
Just read one of my posts again and some of the spelling and grammer mistakes is beyond me.
It seems to be going up nicely again.
I decided that I will go for MCB today. Got in at 100p and 101p. Gutted I didn't get in at around 90p. I would be well up by now. I messed up and lost nearly £150 on two earlier trades for getting in when the prices had already risen a good amount. Will not do that again, but hopefully I should get that loss back from MCB and any other trades later if I do anymore.
I'm not sure what it will do, but I definitely do not get in this morning as buy the time I could manage to do a quote and buy, the price was already to high and I didn't like it due to the fact that the price has already increased quite a bit. In other words, I thought it would not be so good for day trading as if it does go up still and above 100p, then it could go up slowly now rather than as fast as what it has previously been going up with the 10% - 20% at a time. If it falls back a good bit, then I am looking to get in again.
And now it has shot down again. I am negative now. I think it has come down because the company has bought 400,000 of their own shares but will it be going back up guys?
Shot up this morning by 5p. Do you reckon it will come down and I should sell at a good profit or should I hold for later today and tomorrow? Is it going to fall back to 91p or go onwards and upwards? Your opinions will be much appriceated!
Thanks!
Good luck and hope you find it useful and sorry I do not have enough time at hand.
I'm not sure and can't be bothered to log back into my level 2 data as it takes quite a bit of time to get it going. Anyway, I don't take much notice of any orders in the orderbook when the markets are closed. I only take notice of them during trading hours. Level2 data is not solid and will not tell you what will happen, but it helps you make better choices and gives you a better understanding what may happen. Unfortunately I can't teach you how it all works as I'm very busy with day trading during the day and running my internet business during the close of trading. I work from morning to night at the moment. lol. I have been using level 2 for around 1 month now and have only got more use to how it all works. I'm still learning more every day on what to look for in the level2 data. Some tips would be to read up on how to use level 2 data. Here is a link to an article on level 2: http://www.trade2win.com/knowledge/equities/articles/general_articles/introduction-to-level-2/
Hi again. I signed up for a free trial of level 2 today.Just looking at this share am I correct in saying that there is an order of 50,000 share if it hits 55p to buy and a couple of sells at 99p and £2.22. I have not yet seen this while the markets are open but should be able to watch some first thing and Friday morning to try and understand how this helps.
I pay for real time level 2 stock market data. That's where I see it. I would be lost without it when doing day trading. About this tomorrow, I don't know what it will hit, all I know it could be a day of it being down or it could go over 100p. The orderbook was quite good today and the buys coming in, but that was today and tomorrow is another day which it could all change. I will be watching this stock tomorrow and the orderbook, plus the first few trades to see whether it's worth another punt for the day or not. The only doubts that I have now is it's already gone up over 10% for 2 days in a row, which is rather big and some people may start taking profits. But then again, it had fallen just over 50% the around 3 days ago, which is also a larger fall. So it may go up further, but that's just me guessing from using nothing really. I don't know what I will be doing with this stock until tomorrow.
Where do you see the orderbook? What do you think it will hit by Friday or tomorrow?
The orderbook was looking quite strong for most of the day, so I think it may still have further to go. I will only know in the morning as the orderbook can change dramatically from day to day.
115 - 120 sounds good to me. I bought 5k at 87p so that would see me make a nice profit for the week. Thanks for that opinion and I think this should do well too. Anyone else have a figure in mind?
115-120 by fri IMHO im holding on until the new year as these will do well in the sales. understand its different for you day traders, heres a thought if everyone who buys these buys a toy as well wed be laughing
I believe the large buy was Character buying 400,000 of its own shares! What does everyone reckon this will finish at on Friday or even tomorrow? All I want is a figure that people strongly believe this will go to.
I now have this on my watch list to keep watching it during tomorrow. As for Debs, it went up rather quickerly yesturday with over 14% I think or was that the day before. So I'm a little worried about getting in there as that was on take over rumors, but because of the large buy, I will take a look at it tomorrow.