I noticed that the sp dropped significantly this morning ( down ~20% to 425p), but have been unable to ascertain a reason for the drop.
The only indicator I found was on ADVFN where the drop was being linked to the Entertainment one takeover. Peppa Pig os one of the leading ranges being sold by CCT, and there is a suggestion that marketing of Peppa Pig toys will be taken in-house in Hasbro, which would adversely affect CCT’s profitability.
Reading the CCT Reports it appears that the Peppa Pig range is actually produced by CCT, and it is difficult to see how Hasbro could take this over, although it is possible that the licence to use the Peppa Pig name might be renegotiated / cancelled.
Does anybody else have an input on this drop, or is it a classic case of market over-reaction (in a thinly traded share), which would imply a good chance of a substantial bounce coming in the next week or so?