CHARACTER UP 9% TODAY. IS THERE SOME NEWS? I CAN'T SEE ANY.
Tipped today on the IC website by Simon Thompson - 525p target for end of year
About the Author
WarrantStar
I am a keen & experienced investor. I love my spread sheets, and like to think that I know what I am doing. I wouldn't be offended to be described as a bit geeky. Mostly I do well, but I always strive to do better. Married male. Born 1957 England. Good career in industry for 35 years. Been successfully investing for about 30 years. I chose to retire from salaried employment at age 57 to look after my investments. I consider myself to be quite analytical / logical / mathematical, but also take into account how the world is likely to change & how people behave. I always follow my processes before taking action. more »
5 comments
janebolacha
"In Simon Thompson’s column today, our small cap stock picking expert sees upside in the cash rich shares of a children’s toy distributor which look set to enter blue sky territory in the coming months. He has good reason too as a forecast 55 per cent hike in profits this year looks virtually in the bag, and with cash generation mightily impressive, expect a hefty rise in the dividend and even more earnings enhancing share buy backs. Prospects for the next year look equally promising, a fact that’s not yet reflected in a miserly forward PE ratio of 10."
"It's not often you get the chance of buying into a cash-rich company rated on a modest 10 times earnings estimates, and with the risk to earnings firmly skewed to the upside. Moreover, with capital expenditure accounting for a small proportion of annual profits, cash generation from the business is mightily impressive, so much so that the board of this £85m market cap company has repurchased over 60 per cent of the issued share capital at a total cost of £41.4m since commencing a buy-back programme nine years ago."
I can't get the rest of the article since I'm not a subscriber to IC.
(Nice to see them catching on to one of the market's hidden gems)
WarrantStar
Thanks Jane. I think they are a bit behind the curve on this one. But I am not complaining!
