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Patisserie Holdings - Shares surge after results

January 2018

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.

Shares in Patisserie soared 70p on the back of strong full year results. Revenues, pretax profit and eps rose 10%, 17% and 19% respectively to £114m, £20.2m and 16.2p. This was all the more impressive given labour cost pressures from the national living wage. Modest rent increases were offset by savings from bulk buying and efficiencies in its bakeries while encouragingly “the inflationary environment appears to be easing.” Net cash grew from £13.3m to £21.5m.The success driver was its Patisserie Valerie brand, which increased sales by 14% to £84m with profits up 18% to £16.3m, helped by 20 new stores opening mainly in high street and retail park locations, as well as Debenhams conces ...

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Patisserie Holdings (December 2018)

Patisserie Holdings - Gain to date: 139% (July 2018)

Patisserie Holdings (July 2017)

Patisserie Holdings - In talks to buy Maison Blanc chain (January 2017)

Patisserie Holdings - On track for 20 new stores (July 2016)

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Patisserie Holdings - Shares in cake shop chain hit new highs (December 2015)

Patisserie Holdings - New stores beating two year payback target (July 2015)

Patisserie Holdings - Excellent maiden results (February 2015)

Patisserie Holdings - Cafe and casual dining chain targets ambitious roll-out (July 2014)

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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