Updates

Cake Box

October 2022

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Cake Box, which operates a chain of franchised egg-free cake shops to which it supplies the sponge base, cream and other ingredients, said that more challenging trading conditions means it now expects full year profitability significantly below forecasts. Going into the summer it already anticipated some softening because of the cost of living crisis but added problems came from rising costs such as cream and the heatwave in July and August putting people off eating cakes.In response, Shore Capital cut pretax profit forecasts by £2m to £5.3m for this year and by just over a quarter to £5.8m for FY’24.Net cash was £6.8m at 31 August, before paying out a £2m dividend while reassuringly, CEO Sukh Chamdal has acquired a further 2 ...

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Essentra

Lords

Cake Box - Rising sponge sales drives gross margin increase (August 2024)

Cake Box (June 2024)

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)

Cake Box Like-for-like sales accelerate (October 2023)

Cake Box - Rejects bid approach (September 2023)

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

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 - Target price raised to 360p (June 2021)

Cake Box (December 2020)

Cake Box (November 2020)

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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