Updates

Cake Box

December 2020

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.

Cake Box has released an encouraging H1 update with revenues of £8.6m. This, excluding the six week lock down, meant like-for-like sales rose 12.1%. The company has benefited from the launch of its delivery service through takeaway platforms like Uber Eats, Just Eat and Deliveroo with online sales increasing 81%.Despite restrictions, six new franchise stores opened, taking the total to 139 plus five kiosks. Shore Capital expects 15 openings for the year, while the pipeline remains strong with group holding deposits for a further 47 sites.Net cash was £5m after paying back £0.2m lock-down support but before paying the 3.2p special dividend (costing £1.3m) on 3rd October.The broker notes Cake Box r ...

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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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