Tag: FUN

Still in retailing and struggling toy chain, Funtastic has successfully raised $29 million from shareholders to buy the Hobby Warehouse Group at a cost of $32.6 million.

It’s no fun being CEO at Funtastic. The embattled toy wholesaler Funtastic said on Thursday that CEO David Jackson will resign, following yet another cost-focused restructure of the retailer which means it will no longer need a chief executive of his “experience and gravitas”.

Shareholders in struggling toy and confectionery wholesaler Funtastic (FUN) will meet in early May to vote on delisting from the ASX.

No wonder Funtastic is looking to delist from the ASX to save money and hopefully raise enough new money to continue in business.

By June, the struggling toy and confectionery wholesaler Funtastic (FUN) will be delisted and no longer an ASX company.

There wasn’t much ‘fun’ and nothing Fantastic (FUN) in the latest accounts and results from embattled toy group, Funtastic.

Toy distributor, Funtastic (FUN) has taken its accumulated losses for the past 18 months to more than $60 million after yesterday reporting a net loss of $28 million for the six months to January 31.

A nasty downgrade for the already struggling toy, sporting goods and confectionery distributor Funtastic (FUN) which is again forecasting another blob of red ink in its accounts. 

And for the second time in two months, the embattled Sydney-based distributor of toys and other products, Funtastic (FUN) has cut profit guidance and tipped further write downs of between $3 to $6 million.

As expected, toy wholesaler Funtastic (FUN) has produced a loss and omitted an interim dividend after yet another stumble.

Toy, clothing, confectionary and film group Funtastic (FUN) is one financial disaster that missed the reporting season which ended on Friday night.

Toy and confectionery business Funtastic (FUN) has seemingly gone against the trend in retailing by lifting its profit by 34% for the year to July 31.

Toy and confectionery distributor Funtastic (FUN) surprised yesterday with a request for a suspension to allow a fund raising to be determined by tomorrow.

Toy distributor Funtastic Ltd (FUN) has hit back at an article published in a newspaper today which claims the group has credit issues.

Back in August when announcing improved first half earnings, the CEO of toy group, Funtastic Limited (FUN) was confident about the second half and the full year.

Shares in toy company Funtastic (FUN) fell by as much as 37% today after the company announced that its earnings before interest and tax (ebit) have been revised down to between $28 and $31 million from an earlier guidance of $43 million.

Re-instating a previously suspended dividend re-investment program at a time of strained profitability is always the sign of a board acting with a little bit of prudence and foresight.