Cake Box Share Discussion Threads

[edmonda] 25/11/2019 08:24

Some forecasts if you're interested.

[hiraniha] 24/11/2019 17:42

We'll see tomorrow, I guess.

[nobilis] 22/11/2019 10:01

Whey price and flour prices gone up


will get smashed

[hiraniha] 15/11/2019 16:43

Got some at 142.5 before close.These shops are the first port of call for most Hindus and Sikhs and there is very little competition for these franchises.

[nobilis] 15/11/2019 14:29

bad news and this is 40p

look at bilby today

[nobilis] 15/11/2019 14:28

hope it dont do a Patisserie Valerie. I was stuffed with 100pc loss when it went bust and was a fraud

[trytotakeiteasy] 15/11/2019 14:22

Hmmm..... issue appears to be weak new franchise openings in H1 at 9. Also investors focused on how much of revenue and more importantly profits come from selling franchises. The latter is important but as the business grows the relevance of selling new franchises will decline over time.

[nobilis] 15/11/2019 13:57

Something smelly coming


Bad egg

[s_a_b] 15/11/2019 13:45

Surprised at the drop in price given LFL sales growth and the 'in line' trading update. Not many quality growing AIM companies trading at 14-15x forward earnings. They are up to 124 stores per their website now so have continued opening post period end, including Cardiff. Hoping for further positive comments in the interims on 25th.

[starpukka] 15/11/2019 13:02

Have bought in today after recent fall. Can buy in the spread. This company is growing and there should also be a weighting to H2. Also, always a possible T/O target.

[nobilis] 21/10/2019 14:38

Theres no egg in their cakes so i thought i would make my own.

I went to the store today and bought some really oddly shaped eggs.

Now I can't find them.

I think they've been mislaid.

[nobilis] 21/10/2019 14:37

Just hope there aint bad news cos the Egg will be on ur face



Eggggggggy

[nobilis] 21/10/2019 14:36

Smells like a bad egg the way this is falling



Eggggggggy

[dtaliadoros] 14/10/2019 10:39

Also the new stores might not have been online very long. More recent additions may only have had few weeks worth of trading. There will always be a lag period.

[trytotakeiteasy] 14/10/2019 09:33

I have figured it out. A chunk of the revenue for the group is related to new store openings. They undertake fit-out on stores and are paid to do so.

So the year-on-year decline in store openings would have led to a decline in this revenue. This was offset by the higher number of stores and like-for-like store growth.

The overall impact was the 6% sales increase in H1.

Major positive from the update - 6.9% like-for-like sales. versus 4.4% same period last year.
Negative - only 9 stores opened versus 15 in the same period last year.

But store openings in any one period will always fluctuate. The group says it is on track to meet its full year store opening target. So that is 24 a year.

So store openings should pick back up in H2 helping sales growth get back on track.

[trytotakeiteasy] 14/10/2019 09:14

Carcosa - that is what I was thinking. How can like-for-like sales be up 6.9%. Lots of store openings but revenues only up 6%. How can that make sense? Store growth should mean that reported sales growth is ahead of like-for-like sales growth.

This update can't be correct surely. The numbers don't add up. The group may not mean growth forecasts for the current fiscal year. But the long-term outlook should still be sound.

[carcosa] 14/10/2019 08:02

Revenues up 6%
LFL up 6.9%.
Nine new stores were added during the period. That's +8%

So, err... what went wrong?

[trytotakeiteasy] 24/9/2019 14:22

I think 122 now... ok but only 9 up on the end of March 2019. Hopefully more progress in the second half of the year.

[s_a_b] 09/8/2019 21:00

Looks like 121 stores now open as per their website, up from 113 at year end. The roll out continues! Hopefully new product launches will support continued LFL sales growth over the first half of this year, particularly given H1 prior year was impacted by prolonged hot weather over the summer. Can't see the price moving much until the next trading update but very comfortable holding at these levels.

[jh420] 19/7/2019 08:53

slowly creeping up