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Trading update and Share Buy Back The Board notes the recent movement in the Group's share price. Although recent media comment has reported a difficult retail trading environment, the Board wishes to place on record that it is not aware of any new specific adverse factors that will affect the Group's performance in the current financial year and the Company expects to meet current market expectations for the year ending 31 August 2011. At this stage, with the Group's product portfolio performing well, the Board believe that the Group will continue to make further good progress, grow market share and deliver another solid performance. The Company advises that on 20 June, 2011 it bought back for cancellation 5,500 Ordinary Shares of 5p each in the capital of the Company ("Ordinary Shares") in the market, at a price of 147 pence per share. This represents approximately 0.02 per cent. of the current issued share capital of the Company (excluding shares held in treasury). For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the total number of Ordinary Shares in issue as at the date of this notice (taking into account the Ordinary Shares purchased for cancellation by the Company announced above and excluding Ordinary Shares held in treasury) is 23,894,081 ("Revised Issued Voting Share Capital"). The Company has a total unutilised capacity to buy back up to a further 5,592,500 Ordinary Shares under the authority granted at the Annual General Meeting held on 19 January 2011. The Company holds 4,019,456 Ordinary Shares in treasury, representing approximately 16.82 per cent. of the Revised Issued Voting Share Capital, which do not carry voting rights. The figure of 23,894,081 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or change to their interest, in the Company under the Disclosure and Transparency Rules.
http://www.investegate.co.uk/Article.aspx?id=201106211155258259I
orbiter - yes tipsters are not as talented as they like to think they are !
Re David Lipton of tips tracker.com Is this yet another tipster I must learn to avoid ? Seriously thoughj, apart from possible stock market meltdown, Character looks good at this price. It has cash, it is to start its own toy production, Childrens Toys should be the last thing that people will stop buying at Christmas when money gets tight, and, It makes a profit & pays a good dividend. Pity I cant afford to get back in untill and unless my other shares show some improvement.
Character Group (CCT) is the best looking new tip this week. It has been a well defined up trend for the last couple of years but we now need to see a significant break above 205p. We did see a break for a few days back at the start of the year but it quickly fell back below support. Use a 20% stoploss from here. From David Linton of TipsTracker.com
http://www.investegate.co.uk/Article.aspx?id=201104190700141404F
Character confident despite expected second half slowdown Date: Tuesday 19 Apr 2011 LONDON (ShareCast) - Toys and giftware distributor Character Group announced a strong rise revenue for the half year ended to 28th February but is bracing itself for a slowdown in sales in the second half. Profit before tax rose 78% to £6.64m from £3.73m the year before on sales that rose 34.7% to £6.64m from £43.1m a year earlier. Earnings per share rose even more, by 98%, to 20.28 pence. The company, best known for licensing characters such as Doctor Who and Peppa Pig, sought to temper market expectations regarding its outlook by reminding investors of “the current difficulties” at the retail level, the apparent reason for the anticipated “slowdown in sales in the second half”. The company expects, however, to further increase its market share and sees no reason to alter current market expectations regarding its full year performance. Current market consensus is for full year pre-tax profit of £9m on sales of £95.5m. Sales in the reporting period were affected by the pre-Christmas adverse weather conditions. During the half year the company bought back 2.89m ordinary shares, at a cost of £4.95m, with carte blanche to buy back up to a 5.6m more. "Our strategy remains to seek out and develop exciting products which meet domestic and international market demand. These will come from either from our own portfolio which has been developed in-house or those produced in partnership under licence or through distribution agreements,” said executive chairman, Richard King. Character Group has announced a 50% increase in its interim dividend, to 3.00 pence.
Good results today! Could be a difficult year from here though.
will be announced on 19 April, if results are positive sp should go back to 220,company has got a lot of potential, however DYOR
I think the stock market is in for a much rockier ride this year, perhaps not gaining much at all or at worse turn downwards,however, this looks like a sound company to me and they are preparing for the future by in house manufacturing as well as giving us better value with share buy back., but for me the icing on the cake is that if the 'government cuts' result in lower consumer spending, childrens toys at this level of price will be the last items parents cut from their Christmas economies so it should stay a healthy company or maybe a takeover target.
Analyst: Jon Levinson Character Group has today announced a strong first half trading statement and a move into the “toy construction” sector of the toy market - first half revenues are expected to be at least 33% ahead of last year. On the back of this we have increased our forecasts and our target price, from 204p to 246p and with the shares at 186.5p we reiterate our stance of buy.
Is there anyone else out there. This seems a good steady share so far. If there is a double dip, childrens toys are the last thing hit especially low cost toys so hopefully no nasty surprises on the horizon !
Good news released today! Looks stable and 2010 promising.
You could buy a Hamster!
Bask in the glory Boffinstarz
Character returns to profit - but hamsters sold out! http://newsdetails.php/?ID=759
CCT got a stock of hamsters selling on their website today. Bad news, they ran out before the end of the day. More, much much more needed Character, get a GRRRRRRRRIP!!!!!
the hamsters on Ebay appears to be profitable for individuals as Argos has no stock. CCT could be making a mint, but I go back to their track record which stinks!
The sp is rising because the no. 1 toy this Christmas is the GoGo electronic hamsters, they even made the front page of the FT! Extrapolating from US sales, they could bring in £millions more for Character who are bringing in loads more from China. Then there are extensions of the range planned for next year. Tremendous boost to CCT who also have one more of the top ten toys for this year. jane.
Character have a strong range of toys this year and have some great concepts. Peppa Pig, Fireman Sam and the Hamsters are flying out the shops. I expect that they will have a good 2009 but would be cautious about buying more.
I've held shares through thick and thin, should have got out at somewhere near £2 and then watched them with dismay as they crashed to 25p. The toy range does look good for this christmas. Also as a long term holder It would be good to know their longer term prospects, as history tells us they have a cycle of boom and bust.
For a punt :) 1k worth..
wow, not complaining but what happened today. Has there been any news, why sp jump??
More i read and research the company I do like it. The company has something that has made it survive against the big toy company's.
What is everyone view on their new product, soon to be launched I believe, the armed forces toys - action man replacement. Will this be a hit and improve profits or be a costly mistake??