7 January 2020 - sale of property

The AIM-listed designer and distributor of toys and games (think Peppa Pig and Pokimon) has sold its overspill warehouse facility in Oldham for £3.5m in cash.  The proceeds will be added to the existing large net cash balance which stood at £19.1m at the company's year end 31 August.  Although the share price has recovered strongly over recent months, profits at the company are also set to rebound strongly in the current financial year with earnings per share of 36p on the cards.  The shares remain a BUY

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