Casdon Share Discussion Threads

[gamblinman] 26/1/2009 23:04

Well done Cassidy the big boys are taking hits and you are battling on great team effort.

[topvest] 26/1/2009 07:10

Very good results and no Woolworths exposure. Increased dividend as well. Nice!

[topvest] 09/1/2009 20:15

Interesting jump here, given no trades all week.

[gamblinman] 02/8/2008 12:53

Just noticed this clip Hanimex look to be the seller in USA of Casdon products under their name.Only my view from whats on the CDY website under contacts.

[gamblinman] 02/8/2008 12:33

Hi just a couple of articles that may be of interest.
Good to see Paul Cassidys two sons Phil and Peter on the board as joint managing directors.This should strengthen the board and help make Casdon an International brand.(see above report)
I think the UK market is going to be poor not just for Casdon but all toy firms hence the selling overseas looks a very good move.Don't forget the range of toys already in play look very good so why not take them to new markets.The design and tooling is paid for just the marketing to do.Nice to see a dividend increase which may be taken as a sign of confidence.

[topvest] 01/8/2008 21:09

Not bad results. Reasonable dividend as well. Wonder what the new products will be.

[davidosh] 13/5/2008 23:23

A big seller by Cassidy standards too

[topvest] 13/5/2008 20:07

Yes, all quiet. Cassidy don't issue trading announcements; twice a year only guys!

[davidosh] 13/5/2008 13:10

Still looking a bit sad here and no posts. Anyone heard anything on trading ?

[davidosh] 20/4/2008 15:55

Property and values are in a downtrend too....the factory unit is on an industrial estate with little scope for any redevelopment potential. Commercial values are falling and although a leaseback would bring money in to invest in new product the business then has additional rental costs.

This is all about whether the business can turnaround and as the current offering is not showing any real signs in tough markets I suspect even 60p a share is a long way off. I still say there are far better small caps around that will show a quick shorter term gain. Just my honest opinion

[topvest] 20/4/2008 14:47

Sales were up in H1, but I agree with the overall trend. To be fair to the Cassidy's they have controlled the decline very well and the business is profitable overall through head office reductions and valuable property rental income. They need some innovative toys to improve things. Ultimately, the property is probably worth over a £1 a share, maybe more.

[davidosh] 20/4/2008 14:03

It may be stronger in H2 than last year but will it prevent a loss and what direction is the business going in ?? Sales have declined every year for the last five

2003....5.34m

2004....3.95m

2005....3.43m

2006....3.25m

2007....2.94m

They have not made an operating profit on the toy business so this is fast becoming an extinct and dying old company. It really needs something to lift those sales ....Any ideas ??

Maybe you are hoping that the controlling Cassidy family are going to give up after a hundred years and sell off the factory and fairly minimal value machinery and try to return the proceeds to shareholders....I cannot see it and the company is tiny so the costs will eat into the extraction of any value.

A turnaround is desperately needed....

[topvest] 20/4/2008 08:57

I disagree.

Casdon has a NAV of 60p WITHOUT revaluing any of the properties in its balance sheet which haven't been revalued for decades.

Their interim suggested that xmas sales fell more into Nov and Dec and so the second half trading will be stronger than previous years.

On top fo that there is a dividend.

Thanks for the reminder. Hadn't realised it had dropped so far...may buy some more!

[davidosh] 20/4/2008 02:24

If you check the interim results you will see that they were 50% down on a year ago and H2 is always the weaker half so they may make an overall loss this year to 30th April 2008. The business is unlikely to be getting any easier in these markets.

Small stocks have been sold off and there are no buyers so this one will probably drift even further. Can you give me a good reason to buy now ?

I cannot see any forecasts but even if they could match last year at 2.6p eps that is a p/e of about 15 and I have lots of small caps in my folio on p/e ratios below 5 and many with no debt as well.

Take a look at VLK, TSE, CHW, AMU, BVM and many more.....small caps sadly are not being bought even at a third of the price of CDY so unless you are aware of something to excite the punters this will get far lower in these markets.

[whonosewhy] 19/4/2008 20:10

Anyone any thoughts on the fall for what seems like no apparent reason?

[gamblinman] 28/1/2008 21:02

Lets hope the company achieve a good second half.The shareholders have been patient.

[hugepants] 28/1/2008 09:16

Pretty darned good given the supposed downturn in consumer spending

[topvest] 28/1/2008 07:15

Results look ok and Christmas numbers look very robust.

[topvest] 23/12/2007 18:53

Not long until the interims now - about a month. Wonder how they are doing?

[gamblinman] 27/9/2007 13:25

Casdon website update with lots of new toys coming through.A bit of interest to all.

[topvest] 03/9/2007 20:17

Ridiculous what two shares sales totalling 3,000 does to the price. Just think what a bit of buying would do, given most have held these for a while - i.e. lots of long termers!

[topvest] 30/8/2007 19:28

Properties were'nt revalued. We will miss the property boom if they are not revalued soon!!

[bisiboy] 30/8/2007 18:09

any guesses as to the true value of properties
has anyone seen their site
is there potential

[hugepants] 15/8/2007 14:16

Are to the properties to be revalued in the annual accounts?