Updates

Cake Box - Target price raised to 360p

June 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.

The shares surged to a new high of 274p following a strong update, which came in ahead of expectations. For the 40 weeks to 7 March, overall sales were up 16% with same store like-for-like sales up 14.7%. Net cash rose from £2.1m to £3.6m. Cake Box opened 17 new stores in H2 and overall there were 24 openings in the year, taking the total to 157. The pipeline is also strong with franchise deposits for 52 sites across the country. During the period Cake Box launched an own-brand delivery platform, supporting existing click-and-Collect and third-party delivery offerings and early results have been promising. Online sales were up 84% year-on-year. Meanwhile, its new bakery and distribution ce ...

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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)

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Cake Box - Rejects bid approach (September 2023)

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

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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 (August 2021)

Cake Box (December 2020)

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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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