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Character - Forecast eps upgraded to 17p

June 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CCT
  • Price:
  • 140p
The shares have remained strong with a persistent buyer in the market. That buyer is the company itself - which having bought back 4.82m shares in March (16.2% of the equity), now plans to buy back a further 3.78m shares.It's perfectly easy to see why Character is doing this. Its latest results were barnstorming. For the six months to 28 February, sales were up 14% to £43.1m, with a return to a pretax profit of £3.73m, versus a loss of £2.78m. Earnings per share were 10.2p.     Astonishingly, there was £13.9m cash generated from operations leaving a net balance of £7.1m at the period end after £5m was spent on buybacks.The management have not lost their knack of finding winning toy ranges - e ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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