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Chorion - Noddy growing in Japan and the US

November 2005

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:
  • COR
  • Price:
  • 311.5p
Largely reflecting the timing of Agatha Christie dramas (one film in H1 04 but none delivered in H1 05) and the completion of a longstanding partwork campaign, Chorion reported slightly reduced revenues of £7.4m vs £7.6m at the half year stage. Despite that, adjusted pretax profit grew by 20% to £1.8m and eps by 24% to 5.2p. On the children's television side, the period was marked by Chorion taking full control of the merchandising rights relating to Mr Men which previously sat outside the group. It was that and also a revitalised Noddy which helped higher margin merchandising income more than double from £0.91m to £2m. Noddy merchandising is mainly from UK and France but it has now been on air ...

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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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