Character Group - CCT

The Character Group plc is engaged in the design, development and international distribution of toys, games and giftware. The business was founded in 1991, and mainly distributed products sourced from overseas third parties.

8.15 % dividend and trading at an 87% discount!

Why is this stock dropping? What caused the precipitous decline since the middle of July?

I heard with Hasbro buying Peppa Pig owner Entertainment One for £3.3bn, some think CCT could lose the right to these licences.

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Yes, the Entertainment One contract represents a sizable portion of CCT revenue which is now at risk