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08 October 2018
By Maynard Paton
I have written another article for SharePad.
This time my screening has short-listed Character (CCT) as a possible longer-term investment.
The attraction here is a quite extraordinary story about buybacks.
You see, since 2006, this small-cap has bought back shares every year to reduce its overall share count by a huge 60%.
What’s more, the purchases have been an exemplary use of surplus cash. The average price paid was 143p, and the shares currently trade above 500p.
Needless to say, I now ask myself whether further significant buybacks at Character should prompt us to invest, too.