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Patisserie Share Discussion Threads
Showing 626 to 649 of 650 messages
|yes thats the institional orders now filled, should start to rocket now|
|2 large sell prints absorbed maybe sellers coming to an end|
|Upbeat retail data and weak pound boosts FTSE
After a run of closing all-time highs, the blue chip index continued to move higher and gained 0.2% to 7,251. A weak pound against the dollar and a rally by retail stocks on positive independent data helped to keep the FTSE 100's upward momentum.
Retail stocks were boosted by the British Retail Consortium's (BRC) report of a strong Christmas week, which encouraged spending growth in December and World Kantar figures.|
|Asagi,You might be right - i had been waiting for an entry point into cake for 12 months or so - was looking for a lower earnings multiple - missed the brexit dip but was very pleased to get chance to scoop some up in November and December in the 270 -275 range. I would have thought a number of investors will have done similar and with 20% gain have been booking profits especially in 320-328 rangeI expect things to move on again once rebalancing taken place.Also I have a feeling that if funds want in the mms are happy manipulate to facilitate lower entry point.I get the feeling a lot of people are watching closely and like myself have buy limits in place should there be any further dips in the price. I'm certainly looking to add to my holding but very happy to wait.Jozo|
that news is one year old.|
Understood but look at the price action yesterday. Lots of buying first thing past 320p. Offer as high as 328p at one point. The rise was later crushed by selling. I don't think the bid has closed over 320p since September. It smacks of an overhang to me.
Asagi (long CAKE)|
|Or investors not prepared to buy above a certain price jozo|
|the shares put in a good rise until reaching 320p a couple of weeks ago. Since then, they have failed to make any meaningful break above the level. I conclude that one, or a collection of fund managers is happy to sell around that level meaning that we pause there, even at high volumes.
Asagi (long CAKE)|
|wooluf- what does it mean?|
|holding back for institutional buyer to be filled|
|Cancord 405p target some way to go yet|
|Nice rise today|
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|HOTC is on 40x i think, so this could double|
|Meant rating. Spell checker?|
|Eating too high. Give it time and should come good.|
|Recommended again in scsw this weekend - included as one of the main tips and a nap of the year|
|Don't worry CAKE have experience in cracking nuts|
|sorry to sound like a chartist but 320p is proving a tough nut to crack.
Asagi (long CAKE)|
|Don't think it will be 90x for long. Profit for year ending march 2016 was £76,000. Profit for 6 months ending September 2016, £536,000. After doubling my money on ASK some years ago, I'm happy to take another punt on pizza!|
|I've also taken a position in Fulham Shore, owner of pizza chain Franco Manca which I think holds similar attractions; funding the rollout from free cash.|
|TMI NAP for 2017:
Patisserie Holdings (CAKE; 301p)
Investors love retail “roll-outsR21; because it’s easy to extrapolate where eps might be in say 4-5 years time and consistent performers have historically been rewarded with prospective PEs of 25 or even 30x. This is what happened with Pizza Express in the 1990s and its former boss, Luke Johnson is on course to repeat his success as Chairman of premium cakes chain, Patisserie Holdings (see page 1). We think the shares could hit £4 in ’17.|
|Had a look at this recently given all the excitement about it. I really struggle with the valuation - they're adding around 10% more stores p.a. and, given that there are few purely central costs (ie those relating to running the plc) in this sort of business, 10% higher turnover generally means 10% higher profits (most of the costs are either CoS, or fixed costs relating to the additional shop).
Therefore the valuation is >20x PE for somewhere around 10% odd growth, which is a punchy premium even if the man at the top has a decent CV|