Updates

Cake Box

August 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

A strong month for the shares, which hit a new high of 331p, well above my main write-up price of 174p last August. It was also a New Year Nap last January at 220p. Final results for the year ended March were ahead of expectations with sales rising 17% to £21.9m and online growing 84% and now 22% of the total (FY ’20: 14.9%). What better way to spend the pandemic than eating Cake Box’s egg free, fresh cream celebration cakes! It added 24 new franchised stores in the period taking the total to 157, plus an additional 12 kiosks in regional shopping centres, rising to 166 (plus 13 kiosks) on results day with the franchise pipeline “underpinned by a record level of deposits”.In my write-up I pre ...

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Cake Box - Rising sponge sales drives gross margin increase (August 2024)

Cake Box (June 2024)

Cake Box - Gross margin lifts sharply (January 2024)

Cake Box - Upgraded site target not reflected in lowly prospective PE of 11.2 and then 9.7 (December 2023)

Cake Box Like-for-like sales accelerate (October 2023)

Cake Box - Rejects bid approach (September 2023)

Cake Box - Cake shop franchise on the turn; PE less than half former peak (February 2023)

Cake Box (October 2022)

Cake Box (August 2022)

Cake Box - Strong pipeline of new opening (December 2021)

Cake Box - Liberum upgrades price target to 450p (November 2021)

Cake Box - Target price raised to 360p (June 2021)

Cake Box (December 2020)

Cake Box (November 2020)

Cake Box - Franchised cake shop business with plans to double estate to 250 stores (August 2020)

Cake Box - IPO spikes to large premium (August 2018)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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