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|Hotel Choc Daily Update: Hotel Choc is listed in the Food Producers sector of the London Stock Exchange with ticker HOTC. The last closing price for Hotel Choc was 270p.|
Hotel Choc has a 4 week average price of 247.98p and a 12 week average price of 222.44p.
The 1 year high share price is 304p while the 1 year low share price is currently 151.50p.
There are currently 112,837,828 shares in issue and the average daily traded volume is 153,432 shares. The market capitalisation of Hotel Choc is £293,660,447.37.
|jambo192: Beafort note out this morning: Https://www.research-tree.com/company/GB00BYZC3B04
"Beaufort recommended participating in Hotel Chocolat's IPO back in May, which priced at 148p per share. This was because we saw sufficient 'momentum' at the time to achieve a successful IPO and to power its immediate after-market. In the same respect, however, we were less convinced regarding the Group's ability to sustain the premium 24x forward earnings multiple awarded to upon Admission. In the event the share price got carried away, peaking on second day post-IPO at 210p. Since then it has fallen back to 178p. The reality is that Hotel Chocolat has created a powerful brand, from which has developed a loyal and highly engaged customer base centred on its core competence in chocolate. But some investors have long memories. They recall another chocolatier, Thorntons, having a similar booming experience back in the 1990's; then, near-term success led to its dramatic over-expansion (600 national stores at one stage), followed by implosion and ultimately financial collapse. This is a stark reminder of just how painfully fickle the consumer can be, particularly when dealing with narrow product offerings and rapidly changing tastes. The reality is that having created outlets in the most obvious high-footfall, international and wealthy customer locations already, Hotel Chocolat is likely to find that going forward it is more difficult to sustain a profitable domestic expansion, while more intense competition will possibly limit international ambitions to all but the most costly locations, like airports and luxury malls. Post BREXIT, the share price has suffered, weighing the fact that the majority of its revenues are derived from the UK (Revenue Split: UK 92%, Europe 5%, Rest of the World 2%) while, the Group purchases ingredients in Euros which of course has risen by +10% against Sterling. More to the point, Hotel Chocolat's product will be impacted by any fall in consumer confidence, given that it has set its pricing at the premium end of such discretionary purchases. Based on GfK's early findings, the UK's consumer confidence index dropped to -9 in July from -1 in June, marking its highest monthly decline since 1994. With this warning and yesterday's news lacking any excitement ahead of release of its FY2016 figures, confirming only revenues roughly in line with consensus and no comfort regarding like-for-like sales growth, we were left unexcited."|
Hotel Choc share price data is direct from the London Stock Exchange