After a difficult trading year that has seen losses for CCT and the sp nose-dive to 25p at one point the solution to return to profits may come from the launch of electronic Sudoku games in time for Christmas. Character will launch two Carol Vorderman Sudoku products. For Sudoku fans on the move, there are two handy travel size products: a hand-held LCD game (19.99) with over 750 grids, and a touch screen version (29.99), with over 100,000 permutations of the game. A plug and play version, allowing addicts to play Sudoku on their home TV (29.99) will follow later this year. It won't take many sales to rack up good profits if these are anywhere near as addictive as the puzzle books have proved to be so far.
500,000 sold at guess 5 profit per item would rack up 2.5m, with less than 53m shares that is a healthy EPS of 4p on one item alone and my estimate is probably conservative? They also have licensing rights to Dr Who, Little Britain and Batman amongst others.
Also 70% of these shares are in the hands of Directors, Pension Trusts and Funds and as has been seen in recent weeks, moderate buying has pushed up the share price. It has all the hallmarks of a possible recovery stock as was IDS which I tipped last year at 81p and is now 382p. Not saying this will reach those heights but if Sudoku sells well this Christmas expect CCT to show a good start to their financial year. 2005 figures ending August 31st will not be good but we don't buy shares on the past, there is no gearing and 8m of shareholders funds available.
Take a look. The profits could be more pleasing than solving the puzzles.

I emailed Character Group they replied very promptly, I asked if they had distribution problems and why Amazon had run out of Daleks and also my local toyshop, this is their reply.

Dear Mr *****
The Dalek is a very hot toy this christmas..product is being rushed in and we are shipping everyday..Pls check in your local TRU Or Argos as they will be having stock delivered in the next couple of days

Rgds

jon Diver

Driver,
Directors at CCT are very responsive with information and I get my own copy of RNS's delivered to my e-mail within minutes of their release.
Good to see strong sales verified by Amazon. Products available on other web-sites as well. If they post good 1st half to 2006 then the current sp is way to low.
Got some more today below the mid-price!! Andy

andy
I see you are a big player of cct if that was your 60k buy today lets hope it does us both well.

The Character Group plc ('Character' or 'the Group')
Result of EGM and Trading Update


At today's Extraordinary General Meetings the shareholders of the Group approved
all resolutions proposed, including a resolution approving the cancellation of
the listing of the Group's issued Ordinary Shares of 5p each ('Ordinary Shares')
on the Official List of the UK Listing Authority, in light of the Board's
proposals for the admission to AIM of the Group's issued Ordinary Shares. A
final dividend of 0.9 pence per share was also approved by shareholders, which
will be paid on 27 January 2006.

It is expected that the issued Ordinary Shares in the Group will be admitted to
trading on AIM and that dealings will commence at or shortly after 8am on Friday
2 December 2005. The listing of the issued Ordinary Shares on the Official List
will be cancelled, and dealings on the London Stock Exchange's market for listed
securities will cease, at the same time.

Character's Executive Chairman and Joint Managing Director, Richard King
commented to shareholders at the EGM today:

'We believe that AIM, which, over its ten year history, has proved to be a
robust market even in challenging times, will provide a supportive environment
for the Group to better achieve its business and strategic objectives. AIM also
provides, in our opinion, a more flexible and cost-effective environment for a
Company of our size and stage of development.'

'As predicted in the 2005 Interim Report and reinforced in my Chairman's
Statement contained in the Annual Report, the improvement witnessed in the
second half of 2005 has indeed continued into this financial year.'

'I am delighted to be able to report that the new financial year has started
very strongly with reported sales up to yesterday being over 40% ahead of the
same period for last year. We are also expecting to achieve further progress
over last year in the lead up to Christmas and into the New Year. Against this
backdrop we believe that the Group's results for the first half to February 2006
will be far better than the loss of 1.9 million recorded for the half year
ended 28 February 2005.'

'This year, we will continue to focus on improving our operational efficiencies
and further developing our product portfolio. It is interesting to note that, by
the end of the 2005 calendar year, over 50% of our products within the Toys,
Games and Gifts division and over 90% of our digital products will have been
developed in-house. Our expertise in developing licensed properties and quickly
bringing them to market is proving to be a major benefit to the Group in
attracting and winning both new licences and distribution deals.'

'There is no substitute for having great products and, although we have been
operating in a difficult trading environment for some considerable time, the
Group's substantial progress in sales is more than satisfying, especially when
we have not been able to fully meet demand for toys like Roboraptor, Radio
Controlled Daleks and our Little Britain talking-gift products, amongst others.'









Enquiries:
Richard King, Chairman Katie Dale
Kiran Shah, Group Finance Director Citigate Dewe Rogerson
The Character Group PLC Telephone: +44 (0) 207 282 8000 (up to 2pm)
Telephone: +44 (0)207 282 8000 (up to 2pm) Thereafter: +44 (0) 121 455 8370
Thereafter: Mobile: +44 (0) 7770 788 624
Mob: +44 (0)7836 250150 (RK)
Mob: +44 (0)7956 278522 (KS)
Group office: +44 (0) 208 949 5898

www.thecharacter.com

doughboy66
Yes good news coming from the EGM today as we expected sales up to yesterday being over 40% ahead of the same period for last year, and the confirmed move to the AIM market.
Looking good.

good this mean we are heading back to share price of 100p+?

Nice bit of buying ahead of going on to the AIM market as of tomorrow.

Driver, AIM transfer delayed to 30/12 - announced a little earlier

Greyhound
Just spotted that thanks

The Character Group plc ('Character' or 'the Company')

Transfer to AIM - Update

Further to the announcement dated 29 November 2005, Character announces that it
expects Admission of the Company's ordinary shares to trading on AIM to take
place on 30 December 2005 rather than 2 December 2005 as previously stated.
Cancellation of the listing of the Company's shares on the Official List is
expected to take place on the same day.

I've been watching this for ages and thinking finally about doing something about it. A bit annoyed that it can't now be in the ISA but at least for a longer term hold you benefit on the business assets classification on big gains... what are you realistically expecting on this Driver? or others? A good Christmas and certainly 1 seems reasonable.

1 seems perfectly reasonable to me, only needs 5m FY profits, they did >3m is 2nd half of 2005 and that was without the good line-up of products on sale for this Christmas which by all accounts are going very well. Double your dosh from here.

Like you Greyhound watched this for a while and took the plunge a few weeks back.
I might be 39 but i`m still a big kid at heart and i know i wouldn`t mind waking up Christmas morning to a few things from the character range.
There was a piece on radio 5 yesterday about the limited supply of some toys this Christmas and remote control daleks got a mention ,they are fetching double the price on ebay .The downside to this demand is that character are going to miss out on a lot of sales,as the shopkeeper they spoke to had 1 remote control dalek and no more stock comming in for 2 weeks.
DB66

If you accept that you'll never get the quantity right, I'd rather all available stock being sold even if some lost opportunity than stock being sold at huge discounts or written off. Its looking good for CCT.

Greyhound
Character Group is recovering very fast the M/Cap is still only 25m, the Daleks are fetching 125 on the black market, like I said on another site if the kids don't get one before xmass they will make sure they get after you can preorder them, as for the sp I can see this going way beyond the 100p

Thanks for your comments guys, need to do a bit of fund switching as little point buying in the ISA now.

Adverts on the tely for the daleks on one of the big stores can't remember
which one. Also an advert by cct for there Othello board game.
This company only been brought to my attention last week but I like what
I see. Will be watching for some time to try and get in on a good price.

Ted1
I would say now is a good price the sp has settled down over the last week, when this stock moves up it tends to shoot up on very little volume. Make sure you get in before the aim move at the end of this month thats when we will see a steady rise IMO.

Countdown to transfer to aim and trading update. If H1 2006 is just as good as H2 2005 it is on a ridiculous PE of <6. I think it will be better.
With no debt and limited stock not aligned to directors & investment trusts the sp of this should rise early next year, I think I might have a few more at this price!!

Brought into these yesterday.
For once very good timing.
Merry xmas

A nice rise in SP this morning glad i picked some more up on Monday at 50.24 looks like my luck is changing.
I do expect them to have had a bumper Xmas just from what other parents have been telling me they have bought their kids .Roboraptor a firm favourite with the boys!
DB66