Character Share Discussion Threads

[mcartdon] 15/9/2018 18:43

The statement "comfortably meet expectations", from experience, indicates that the t/o will rise over 25% this half so from 115m to 140-150m+.
the costs of trading obviously dont increase as much as t/o as the same management and staff carry on and so profit margin may also rise.
the extra 30m will produce a higher profit than before in 2016.
so looking ahead to full year 2019 150m t/o up 25% from 2016
profit 14m 67 p a share
dividend 25p I think this should be higher as a return to all shareholders rather than funding staff share buybacks. but buybacks may continue
the shares should rise to 650 on basics but with strong growth prospects in 2020.
may add up to a pe of 13= £8.66

[campbed] 14/9/2018 10:45

Most small cap fund managers are pretty good and the ones at Ruffer are. But they can be obliged to adhere to the investment house rules. A good example is Versarien VRS where one 20%+ small cap institutional holder sold out at under 20p/share last autumn which were bought by retail investors who have raised the price to 175p currently.

Not saying CCT will go up 10 fold but it could reach 700p within 6 months imo.

[deanowls] 14/9/2018 10:30

Companies are reducing there exposure to high street and discretionary spending would be my take on it.

[h1a3] 14/9/2018 10:04

Great update however I am still curious why Ruffer reduced it's holding.

[18bt] 14/9/2018 08:27

Great update

[campbed] 14/9/2018 08:18

I hope it stays independent and produces annual growth of 20%/year.

[tkamp] 14/9/2018 08:18

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.

[runthejoules] 14/9/2018 08:08

Hope it gets taken out about £7, I need to pay for my loft conversion! Anyone still think Mattel might be interested?

[campbed] 14/9/2018 07:40

Very reassuring t/up I thought.

Had been fearing otherwise in view of recent share price weakness and talk of squeeze on UK consumers’ discretionary spending which would impact buying toys.

Runthejoules #13114:
I hold VRS as well. But today is CCT’s day.

[mcartdon] 14/9/2018 07:27

Well it owes 35% to stand still after 4 years can it do 150m and 67p next year.
probably 7£ target.

[runthejoules] 14/9/2018 07:17

Not so boring now 'comfortably reach market expectations'



Still wish I'd put it in £VRS though!

[mcartdon] 04/9/2018 11:48

bored probably like me

[h1a3] 03/9/2018 22:59

Ruffer reducing its holding maybe of some concern. Any thoughts?

[deanowls] 14/8/2018 02:57

It’d be interesting to see the percentage of sales via the website I expect it’s minimal and not given a great amount of time. I’ve never seen it mentioned in the results that I can remember.

[winsome] 13/8/2018 17:34

Just been looking at their website and most of their Pokemon products are out of stock. So either they have poor inventory management or they have been caught unawares by the huge demand for it.

[deanowls] 13/8/2018 14:04

Strong dollar impacts them but they put in place measures from two years ago. Last ya gave them ahead of prior year in the key UK market and Pokémon has now launched.

[winsome] 13/8/2018 10:58

Looking to buy into this one but does the recent drop in pound v dollar have a significant impact on them?

Also, who is picking up the slack from Toys R Us? Amazon?

[runthejoules] 06/8/2018 12:43

Thanks,
Preliminary Results

W/C 3 December

Trading Update

September

[mip55] 06/8/2018 08:14

CCT website...Investor relations....financial calendar

[runthejoules] 06/8/2018 07:29

Anyone know when the next trading update / results might be due? Doesn't look like much else is going to happen in the meantime, except possibly a slow climb in anticipation of Pokemon sales...

[deanowls] 24/7/2018 04:12

Anyone seen any Pokémon product yet. Nothing on the website.

[simso] 23/7/2018 08:19

It was tipped in the IC on Friday, full page write up.

[mcartdon] 23/7/2018 07:28

Last week showed some strength as the mm s dropped the price but met buying that has pushed to 540 the shares are sought after in a narrow market. many shares have changed hands over the last 4 years at 500-540, but there seem to be few sellers now at this level. we are overdue a rise, good news will cause a significant appreciation as there are few sellers willing to part with the shares under 600,

we are the last to know, but 2019 may be finally good.

[runthejoules] 12/7/2018 18:00

Well I'd certainly like to see a sale Mcartdon - has been a massive opportunity cost here while I've been holding on for it though.