CCT has released another encouraging trading update, giving reassurance that FY17 consensus expectations remain firmly intact. We particularly note management commentary that the “cash position continues to strengthen considerably”, further adding to the £6.9m of net cash at FY16. This reminds us of one of CCT’s key investment attractions; the highly attractive financial model with low capital intensity provides the capacity for significant cash generation as profits c

20 Jan 2017
Panmure Morning Note 20-01-2017

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Panmure Morning Note 20-01-2017
Character Group plc (CCT:LON) | 275 0 0.0% | Mkt Cap: 49.2m
- Published:
20 Jan 2017 -
Author:
Peter Smedley -
Pages:
4 -
CCT has released another encouraging trading update, giving reassurance that FY17 consensus expectations remain firmly intact. We particularly note management commentary that the “cash position continues to strengthen considerably”, further adding to the £6.9m of net cash at FY16. This reminds us of one of CCT’s key investment attractions; the highly attractive financial model with low capital intensity provides the capacity for significant cash generation as profits c