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Cake Box

June 2024

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.

  • Epic Code:
  • CBOX
  • Price:
  • 167.5p
Cake Box revealed an encouraging full year update slightly ahead of expectations. Sales grew 11%, benefiting from enhanced marketing campaigns (particularly online click and collect) and new product - a significant acceleration in H2, given first half growth was only 7%. Adjusted pretax is expected to be slightly ahead, helped by lower raw material costs and efficiencies from investments made in the past 18 months such as the new CRM system, e-commerce website and brand identity refresh. Net cash rose £1m to £7.3m. Outlook for the store roll-out is positive with the group identifying 200 target areas for new stores to get to its 400-store long-term target. Forecasts from Liberum are for eps of 11p year to March ‘24, rising ...

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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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