Last bought these at 3.75p a few months ago ...... talk of bid interest and recent change of management

Currently 4.25/4.5p

Just announced that the MD has bought another 2 million shares @ 4.375p on the 7th Feb which takes his holding to 7.1 million or 1.4% ..... I do like it when management put their own money in


ains

Chorion awaits a lift from Noddy
By Rosie Murray-West (Filed: 09/04/2003) Telegraph


Chorion, which owns the rights to Enid Blyton's books and Agatha Christie's crime novels, said yesterday that Noddy was a "must-have" children's brand, despite a slump in full-year profits.

Nicholas James, managing director, said sales had fallen from 9.84m to 9.27m, while profit before tax plunged from 4.87m to 433,000.

He said: "These results reflect the tough market conditions experienced by companies across the media sector. We have taken steps both to guarantee future revenues and open up growth opportunities in the year ahead."

Mr James, who will become chief executive following a recent strategic review, said Aim-listed Chorion would now concentrate on developing its children's brands, rather than selling them, which had been a possibility.

The company said it had received offers for the Enid Blyton properties after appointing a media finance house to look at selling the business, but the offers received would not have delivered best value for shareholders.

It said the slump in profit was partly due to one-off costs associated with becoming a standalone plc, and the termination of a contract in China after a patent default. Chorion shares fell 0.2 to 3.75p.

scotsman

CHORION, the brand creation business which owns the rights to Noddy, said it remains excited by its childrens business and is confident of being able to drive growth from it in the coming years, as it announced a sharp drop in pre-tax profit for the year to 433,000 against 4.02 million previously.

It blamed the fall on a number of factors, including a rise in overheads associated with being a standalone plc and substantial one-off costs. Turnover for the year fell slightly to 9.3 million compared with 9.8 million.

Apparently Muffin the Mule is about to make a comeback and discusses the situation with Noddy and Co on page 2 of the Times T2 supplement today




ains

LOL!!!!

maybe he should tell the mm to stop selling 250k to his mate everyday

I agree on that ..... often wonder if they are printing the damn things

looks like the fall back to 3p is about to occur.........will it fall even lower?

The latest annual report has just dropped through the letterbox ...... will make an interesting read later - I guess. The shares seem to take on a life of their own and always multiply like rabbits on the down swing .....




ains

Tick up this morning with some big trades going throgh

Ticked up again this morning after early backwardisation - now 3.5/3.75p plus 7.41%

ANOTHER KDC disaster

PRICE TODAY MID 3.625, at start of thread 4.375

DOWN -17%, and you still post

LOL!!!!!!!!!!!

from the header post - Last bought these at 3.75p a few months ago

LOL!!!!!!!!!!!
KDC replies, still a loser

okay - i'll admit it, i fancy some COR

keep waiting for 3.25p offer and everytime it falls near - up it goes

very odd

and not at all sure what the MM sales are for

reasons for buying - just a hunce

decks are clear, strategy is clear, this will take 18months to seriously move imho but will do so as and when US penetration is announced (and no i don't mean Noddy to move into "adult entertainment") and a major master toy licence comes along

like i say 12-18 month timeframe - until then buy on dips

It is odd .... I think much of the trading is between the mm's in one wway or another. Someone takes a trade and then sets about off loading part of it and knocking down the other mm's to try and get a level playing field.

I have been watching them for a while and buying in the dips makes sense. The charts look favourable and they are abov the triangular moving average I use as an indicator.

At the moment three of the 8 mm's are red - brought about by the mm to mm activity 2.4


ains

agree - there seems to be constatnt selling but if it sniffs 3.5p then up it goes again

the problem with COR is its too predictable

the min guarantees ane good but all they mean is that the cash is received up front and not over the course of the year. In themselves they mean nothing as to the total amount that will accrue in a year

positives are that the management has at least got a clear strategy and that Poirot is on for 4 new programmes a year for 4 years which underpins turnover at around 9.5m a year when book sales are factored in, imho

any outperform will come from

1. french penetration
2. UK Merchandising on back of new Noddy deals and increasing awareness
3. move of noddy into US
4. development of famous five

sale of "Make Way for Noddy" to France will aid part 1 - France is traditionally Noddy's second largest market
Part 2 is already underway - needs the rest of the video range to be released and then hopefully a master deal to be signed before christmas
Part 3 - the big ???????? - who knows - interesting to see the new bloke from Mattel though - sure he has good connections
imho the last is ripe for UK childrens serialisation and seems next on the list of developments

was bearish on this but for some reason COR appeals and drags me back

good luck to all who may sail upon her

they have disapointed - mostly because of the demerger and the lack of management focus. The mooted sale of Noddy didn't help and pleased to see this has been abandoned. Noddy is always one of the first childrens charactors you think of and still a lot of mileage to exploit imho.

this from sharecast a week or so ago - talking about brands


Chorion

Noddys comeback has sparked off a success story for publishing and TV production group Chorion, albeit a late one. The group said that delays in launching the childrens character had hit profits for the year, but that it was set to reap rewards in 2003. In fact, Noddy has proved so successful for Chorion that it has decided to keep the Enid Blyton portfolio, and develop a full childrens division on the basis of it.


I am happy starting from here and currently breaking evens but looking forward to more overseas sales

this if from the sun last wk





Get your free Noddy book



Kids' fave ... Noddy and friends



ENJOY a Toy Town treat with a fab FREE Noddy book from your No1 Sun.

We are giving every reader a copy of Hold On To Your Hat, Noddy worth 2.99.

To claim your fab freebie simply collect the tokens we will be printing in The Sun newspaper starting with Token 1 tomorrow.



Free for every reader ... book


Dont miss it!

looks like it is about to crack

more mm to mm deals have taken someone else off the bid and looking a little fragile at this time ..... I might decide to add a few more if it dips. This kind of mm activity should be curbed



ains

There we go ..... big picture of Noddy in the Telegraph business section - shaking hands with the NYSE Chairman after ringing the opening bell

Shares have ticked up a little over the last few days


ains

up we go

the trading at cor is its usual bizarre self