Character Share Discussion Threads

[dan_the_epic] 09/5/2024 08:39

Allenby Research up their forecast to 26.1p for EPS this year still a long way up to the 40p and over days of recent years and if that happens then this will be a 500p stock again

CCT should keep doing buybacks at these levels

[dan_the_epic] 09/5/2024 08:30

Long term chart looks excellent here now and this is back on the recovery curve. If this gets back to 40p of EPS with that balance sheet then this is going much higher

[74tom] 09/5/2024 08:29

And yes, just checked the last 6 half year periods & average distribution costs vs sales were 5%, H123 was 10%, so H123 had one off COSTS.

[74tom] 09/5/2024 08:22

"The Group reported profit before tax and highlighted items of £2.1m (HY 2023: £0.5m; FY 2023: £5.2m), the increase in profit being mainly due to reduced selling and distribution costs. This primarily related to the logistics costs associated with the Group's Scandinavian business being lower, as inventory was significantly reduced from last year, and increased influencer sales in our UK domestic market producing a lower advertising to sales ratio."

Doesn't look one off to me...

[bhaskarpatel2] 09/5/2024 07:26

one off gains

[arthur_lame_stocks] 09/5/2024 07:18

I've only had a cursory look at the results but it looks like they might be making a decent recovery. Most of it seems to be from a lowering of distribution costs though. Has anyone got any idea why this might be?

[linton5] 01/5/2024 11:27

Very static share price not many shares available,results next week regarding last update I’m expecting cct to read we’ll share buybacks going on but can’t get stock

[arthur_lame_stocks] 14/4/2024 06:41

Hi Pireric

I've just checked my figures after your post and I think I may have made a mistake about last year. Having looked again fcf appears to track much closer to reported net profit each year which is reassuring and what I'd expect anyway.

That said I've decided to stick with my investment for now, last year appears to have been particularly poor for well known reasons and generally they seem to be capable of making a net profit of around £10m a year so cheap if you believe they are going to recover.

[pireric] 12/4/2024 20:27

ALS - how did you get to £8m of FCF?

Eric

[arthur_lame_stocks] 11/4/2024 12:58

I've just taken a look at the most recent results and have decided these are really very good value and generate an awful lot of cash in even the poor years. As far as I can see this last year they generated around £8m of free cash flow by my preferred measure against a market cap of ~£50m. In better years they have generated far more than this. The dividend yield is nearly 7% and the balance sheet is very strong.

They've played the interest rate cycle very shrewdly, borrowing when money is cheap and paying it back when it is not.

The board seem to have listened to investor concerns about their remuneration and this year have taken a far more reasonable wage.

All in all I reckon this is a great opportunity at this price.

[gnome3] 21/3/2024 00:53

Are you talking about the ADVFN board or the Board of Directors? Have they moderated their annual pay recently in line with the performance of the company or do they remain the most over-paid small cap directors in the UK?

[h1a3] 19/3/2024 04:12

Is this board dead?
I have been a very long term investor but CCT appears to be drifting no where.
Any thoughts?

[h1a3] 06/3/2024 04:16

Hi All,
Very quiet board.
I am hoping that CCT will provide a positive update in the near future.
Does any one have any views of where CCT will go.

[lennonsalive] 12/12/2023 21:38

Hasbro is to cut about 20 per cent of its workforce as the toymaker struggles with weaker sales in the critical holiday shopping period.

[orange1] 12/12/2023 10:22

How sure are we that the financial situation is going to improve? Because CCT can ill-afford another year like last year. If you look at the cashflow statement the coffers will be empty at the end of the next financial year if matters don´t improve. In the circumstances, paying a dividendof 9p is either reckless or an indication of enormous confidence.

[nakedmolerat] 12/12/2023 09:06

nothing from character for the 60th anniversary of doctor who in toy form, talk about missing the boat. the show is now on disney plus and has a worldwide reach now.

[lennonsalive] 12/12/2023 08:11

Some kids don't play with toys, too stuck to the screen and it's very sad.

[18bt] 12/12/2023 07:33

Balanced statement despite the terrible first half. They are profitable, have cash and seem to have a strategy for dealing with the difficult market. I wonder whether the retirement of Richard King will hit the shares? I sat next to him at a lunch a few years ago - clearly highly entrepreneurial but pragmatic.

[deanowls] 11/12/2023 18:02

Leaky and tomorrow?

[h1a3] 08/12/2023 02:58

Hopefully we will receive a really positive update soon?

[richyst] 11/11/2023 18:05

The management have sizeable stakes in the company too, which I see as a good thing

[arthur_lame_stocks] 11/11/2023 14:09

I've been thinking about an investment too but I may wait for this year's AR to see whether the BOD get huge bonuses despite the average performance.

[gb904150] 10/11/2023 21:23

thanks for pointing that out ALS.

It's not just the basic BOD salaries of £1.3m it's the performance bonus of £2m on top that seems overly generous.

That's from the 2022 AR.

I've been looking at CCT as it looks to be in pretty decent value territory and has a decent library of content to fall back on. Haven't really looked far enough yet but it's on the watchlist.

[arthur_lame_stocks] 10/11/2023 17:51

Has anyone else noticed just how very, very well paid the Board are?

[sharetips] 23/10/2023 14:19

tipped in cityconfidential this month www.cityconfidential.co.uk