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Character ( (GB:CCT) ) has issued an announcement.
The Character Group has repurchased 6,500 ordinary shares at 230 pence each under its ongoing share buyback programme, with the shares subsequently cancelled rather than held in treasury. Following this transaction, the company now has 17,453,649 shares in issue excluding treasury holdings, a figure that will be used by investors to calculate their voting rights and regulatory disclosure thresholds.
The transaction, executed on AIM via Panmure Liberum, reflects Character’s continued use of buybacks as a capital management tool that can enhance earnings per share and potentially support the share price. The updated share count and voting rights position provide greater clarity for shareholders monitoring their stakes against UK disclosure rules, while signalling the company’s confidence in its equity value.
The most recent analyst rating on (GB:CCT) stock is a Hold with a £244.00 price target. To see the full list of analyst forecasts on Character stock, see the GB:CCT Stock Forecast page.
Spark’s Take on CCT Stock
According to Spark, TipRanks’ AI Analyst, CCT is a Neutral.
The overall stock score reflects significant financial challenges, including declining revenue and profitability, and weak cash flow generation. Technical indicators suggest bearish momentum, with the stock trading below key moving averages. Despite a high dividend yield, the negative P/E ratio highlights profitability concerns, making the stock less attractive to growth-focused investors.
To see Spark’s full report on CCT stock, click here.
More about Character
The Character Group plc is a UK-listed company best known for designing, developing and distributing toys, games and related products. Its shares trade on AIM, and the company actively manages its capital structure, including through share buyback programmes that adjust its free float and voting share base for investors.
Average Trading Volume: 17,836
Technical Sentiment Signal: Sell
Current Market Cap: £39.29M
Find detailed analytics on CCT stock on TipRanks’ Stock Analysis page.