Character Share Price (CCT)

Golden cross confirmed

Death cross was April 2022

26p eps now forecast

12.9m of cash

Resilient H1 results under the circumstances. Cash is lower as they paid down some supplier liabilities but no effect on real tangible asset value. Dividend and good outlook maintained for H2.

I see companies like this as dealing with cyclicality in two ways. You have the general economic cycle to contend with but also, within that, the product cycle of the industry. Once in a while a company like Character are going to hit a hot product and have a bumper profit year of 10-15m. When that happens you'll double your money from these prices quite comfortably. The only question for me is whether that happens next year or in five year's time. The really attractive thing about Character in particular is that the balance sheet is so strong that there is almost zero threat of debt or dilution between now and then.

Cannot understand why still no chat despite massive Director Dealing today, presumably for a good reason.

Any thoughts on the RNS today? Forager capital disclosed ownership of 6.88% in CCT. I believe Forager was already an investor in the company so cant tell if they increased or decreased the holding. Would be interesting to know.