Updates

Patisserie Holdings - On track for 20 new stores

July 2016

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.

Interims from Patisserie were slightly ahead of forecast with revenues, pretax profit and eps ahead 14%, 21% and 22%, respectively, to £50m, £8.4m and 6.7p. Gross margin rose 1% to 78.3% helped by lower wastage and buying economies and are expected to offset wage pressures from the national living wage in H2.Its main brand, Patisserie Valerie, the part patisserie part café concept, increased sales by 21% to £35m and closed the period with 126 stores vs 106 a year ago. There appears to be no sign of brand fatigue as it opened successfully in designer factory outlets, motorway service stations, brasseries, shopping centres and concessions. Additional concessions in Debenhams (three currently) will be increase ...

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Patisserie Holdings (December 2018)

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

Patisserie Holdings - Shares surge after results (January 2018)

Patisserie Holdings (July 2017)

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

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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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