Share Name Share Symbol Market Type Share ISIN Share Description
Character Group Plc LSE:CCT London Ordinary Share GB0008976119 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  10.00 3.28% 315.00 1,933 09:00:07
Bid Price Offer Price High Price Low Price Open Price
300.00 330.00 315.00 305.00 305.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 120.42 11.07 37.21 8.5 67
Last Trade Time Trade Type Trade Size Trade Price Currency
09:46:09 O 671 330.00 GBX

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18/8/202013:30A stock on a eps of one?13,321
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Character (CCT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-09-21 14:57:27309.002,4907,694.10O
2020-09-21 11:12:17305.00257783.85O
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Character (CCT) Top Chat Posts

Character Daily Update: Character Group Plc is listed in the Media sector of the London Stock Exchange with ticker CCT. The last closing price for Character was 305p.
Character Group Plc has a 4 week average price of 305p and a 12 week average price of 305p.
The 1 year high share price is 435p while the 1 year low share price is currently 190p.
There are currently 21,376,245 shares in issue and the average daily traded volume is 11,021 shares. The market capitalisation of Character Group Plc is £67,335,171.75.
orange1: Bit of company restructuring going on at Proxy, the Scandinavian subsidiary today: Out with the existing director, in with Jeremiah Healy of Character, share transfer, increase in company share capital. Could be the reason why CCT's share price is inching upwards. Along with new products of course such as Ravel Tales: Meanwhile, McDonalds are promoting Scoob:
rock star: Are the Directors fleecing shareholders? Looks like it with the performance bonuses in the AR released on Christmas Eve! Directors were paid a total of £3.5m. How do the6 get these outrageous performance bonuses when the share price has done nothing for 5 years. The board need to be held accountable imo. Sheer corporate greed.
mcartdon: The takeover isn't complete the share price of e 1 remains high hasboros has fallen no one can know what is happening in three months, good short term results and cash in hand, and a great team is a plus they were doing well. 25m peppa t/o was company sourced and a good working relationship with Hasbro who will want them to cooperate and may well wish to continue a good overall relationship as most people do. perhaps in a week we will get some update and more of a clue how future co-operation could grow into something else. they lived through similar licence losses and grew out of it. patience.
mcartdon: the peppa turnover was 25m, that is 20% t/o, they have it two more years, so 3 years before change, long time to adapt and add they were also enthusiastic and growing so the share price is understandable, but probably a bargain.
tkamp: Some of you need to wake up and smell the coffee, with all due respect. Whether it's a closed period or not, the argument that CCT was buying shares at 5.80 in July and is no longer today 'even though the share price is so much lower' is completely invalid because CCT is going to lose Peppa Pig. That's a real event that lowers the value of the company. It's not some fictional thing that doesn't really matter right? The company is going to lose 30% of revenues and probably an even higher % of profits (due to operating leverage + likely above-average margin of Peppa products).CCT shares are no longer worth what they were worth a month ago. Not even nearly. Arguments like 'CCT will make up for it with new licenses or products' are just as invalid. What do you think CCT's business development employees were doing the last year? Just fiddling their thumbs? It's not because they lost Peppa that now all of a sudden the business development people are going to start to look for new brands/licenses/own IP. At best they may become more aggressive in their search, with aggressive being another word for desperate, which would result in them accepting less attractive terms to win new additions to their product portfolio. I owned CCT shares for >1.5 years and was lucky enough to have sold out before the Peppa announcement was made (pure luck, obviously I didn't know this Peppa thing was coming). When I sold out I was thinking I'd like to get back in if the share price would fall substantially. It fell substantially, but for very good reason. There is no way I'm going back in now. IMO shares would be justified to fall to about 300p.
tkamp: The big decline in GBP over the last weeks plays a role, and so does the increasingly negative sentiment around Brexit and the UK economy. Character is directly exposed to all these factors, so a worsening in their outlook is naturally going to affect CCT's share price. Don't forget that CCT imports products from China, paying suppliers in USD. Prolonger GBP depreciation will force CCT to raise prices it charges its own customers, which will likely lower volumes. And that a worsening UK economy is a bad development for CCT speaks for itself.
mcartdon: Diluted eps contains the shares issued to employees and directors but not exercised given by the company its ok but basic eps is really relevant to the point i make the company is hiving off half its profit to persons other than basic shareholders enabling the gifts, that encourages employees but the real point is do they deserve any options when the share price has been flat 5 years and the dividend is low. why not share the company profit evenly and increase dividends and stop rewarding little progress. buy back the 3 million shares otherwise with the 15 m benefit allin one go
mcartdon: CASH GENERATION 15M. dividend 5 m. actual profit 12m year after year, 15 m in cash, but where does the money go canceling just enough free shared for directors and staff to keep the same number of shares for 8 years.21 m no benefit to shareholders. and .5% return when 7 needed. stationary share price. pay dividends at 30 odd pence at least
tkamp: This company is net cash, has high (incremental) ROICs, is very cash generative, and returning to growth. A £7 share price would still undervalue the company. If they can do ~60p EPS in 2018/2019 and you put that on 15x EPS + cash balance of ~£20mn you'd get to roughly £10 a share.
martinthebrave: Pauly Pilot view of CCT today. He is remaining a holder and may add. Character (LON:CCT) Share price: 357p (down 19.8% today) No. shares: 21.1m Market cap: £75.3m (at the time of writing, I hold a long position in this share) Trading update (profit warning) - I'm quite surprised that the market has reacted so negatively this morning to the latest update. The company had already told us here on 19 Sep 2017 that market conditions were challenging, and that a major customer (c.8% of total sales, estimated by one broker) Toys R Us, had filed for bankruptcy protection in USA & Canada. Results for y/e 08/2017 - the company had already reported that results would be in line with expectations. This is reiterated today, as follows; As reported in September, the business has had a solid finish to the 2017 financial year. Accordingly, the Directors anticipate that, Group underlying pre-tax profits for the year ended 31 August 2017 are projected to meet current market estimates. The Group's balance sheet remains strong. To put a figure on that, the forecasts I've seen are around 51-52p EPS - so at this morning's lower share price, the (how historic) PER is just 6.9. As we know, the market looks into the future, not backwards. Results for y/e 08/2018 - this is what has spooked the market today - somewhat surprising, given that the company had already warned previously about the issues it was facing, but there we go; UK sales are OK. The issue is with international; Our international and "FOB" sales have been adversely effected by a combination of several factors, not least of which is one of the world's largest toy retailers entering into Chapter 11 bankruptcy protection in the US and Canada, which has had subsequent knock-on repercussions in every market where it trades (including the UK). Our international customers are also taking a very conservative approach to purchases. At this early stage of the Group's new financial year the Board consider that, based on the latest sales and market data available to them, the Group's performance for the year ending 31 August 2018 is now expected to be significantly below current market estimates. Broker forecasts - so far I've only seen one broker note this morning. Panmures have revised down their forecasts, in a new note this morning, which is available on Research Tree. Based on the new EPS forecasts of 38.1p 08/2018, and 45.3p 08/2019, then the forward PER is 9.4 and 7.9 - which looks good value - providing that this is the full extent of the damage. Bear in mind that the net cash is now 25% of the entire market cap, and the PER would be a lot lower still if you adjusted out the net cash. Also note that forecast dividends are 21p and 25p. At the current share price of 357p, that would produce divi yields of 5.9% and 7.0% - a very attractive return. Those forecast divis are still well covered by the reduced earnings forecasts. Note that Character has a strong balance sheet, with net cash, which further reinforces my confidence in the projected divis. Today's comments on divis are reassuring; Furthermore, we are committed to maintaining our progressive dividend policy and continuing our share buy-back programme, as and when considered appropriate. Note that the company's website shows 24.2m shares in issue, but about 3.3m of those are held in treasury. Stockopedia shows a net figure of 21.1m shares in issue, which is in the same ballpark. Outlook comments sound upbeat; Nevertheless, the Directors believe this to be a temporary downturn and that the Group anticipates returning to its previous growth pattern during the second half of the 2018 calendar year, and this ultimately is expected to be reflected in the financial performance for the year ending 31 August 2019. The single biggest factor underpinning our optimism is that during 2018 we shall be introducing exceptionally exciting new products, many developed in-house which, together with the current product portfolio will, the Directors believe, give the Group its strongest ever product line up. Additionally, even in these tough trading conditions, we expect our cash flow to remain positive, our reserves to grow, and our Christmas stocks to remain under control. So this seems to be a situation where investors who look through the current difficulties, and accept that they are temporary, could end up with a nice buying opportunity. The risk is obviously that problems get worse, and another profit warning has to be issued. Balance sheet - I thought it would be useful to refresh my memory on the most recently reported balance sheet. It looks excellent, here are a few key measures as at 28 Feb 2017; Net Asset Value (NAV): £25.2m Net Tangible Asset Value (NTAV): £24.5m (there is only £729k of intangible assets to be deducted) Current Ratio: 2.27 - very strong, and this includes net cash of £18.6m - that's almost 25% of the entire company's market cap. Overall then, this is a really strong balance sheet with plenty of surplus working capital. So there should not be any issues over solvency, even if trading deteriorates a lot more. My opinion - based on the information provided in Sept 2017, and more recently today, I see this as a good buying opportunity. So I've currently got a buy order in, to increase my existing position size. My main worry is that the price could fall further - my broker reckons that sellers have not finished yet. It's usually a mistake to buy on the day of a profit warning. However, when the price is falling, then you have better liquidity - so it's often the only time you can actually buy a stock like this in decent size. I've no idea what the exact low point will be in the share price, and don't really care particularly - because the price now looks sufficiently cheap on (revised) earnings forecasts, and with a very attractive yield, that it's cheap enough for me. I accept the risk that there could be another profit warning - that risk is why the share is now so cheap. The key points for me are that the main reason for the profit warning seems to be a one-off factor outside their control - the insolvency of Toys R Us. Also, the new products in the pipeline give good grounds for optimism in H2 of 2018 and into 2019. Therefore I see this as being a possibly bumpy ride, but where I should be paid nice divis, and see a decent capital return in say 1-2 years. It should be said that I generally tend to be a bit too willing to give companies the benefit of the doubt! Also note that the stock market has never really attributed a generous valuation to this company - it always looks cheap. As always, please remember that I'm only giving a personal opinion, and reporting what I'm personally doing with my portfolio. I might possibly add some to BMUS, but haven't decided yet. The onus is on readers to do your own research, and take responsibility for your own trades. Hence why I never give recommendations. If something in your portfolio goes wrong, you're to blame, not me! That's why I never give recommendations - because I don't want the responsibility or hassle of people blaming me for stock ideas that go wrong, as inevitably many will. I'm particularly keen to hear from anyone who's bearish on CCT - it's vitally important to consider the negative case on a share. Obviously I reserve the right to change my mind at any time, on any share.
Character share price data is direct from the London Stock Exchange
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