Cake Box Share Discussion Threads

[hatfullofsky] 11/2/2022 23:44

Why not wait

[nillparekh] 11/2/2022 22:12

Can't buy cakebox shares on etoro can you recommend any other platform to buy cbox shares please

[saurish] 11/2/2022 18:37

Well I have faith in management and hopefully it'll be restored. However, it's a tough hold and as you rightly pointed out no institution seems to be stepping in to stem this flow. Until the faith is restored, I'm keeping my trust in forecasts which is for EPS 14.3p for 2022 putting it at PE 14. And with an average growth of 13% forecasted going forward, if the faith is restored this could prove to be a good opportunity to get in and in my case hold! IMHO DYOR

[sphere25] 11/2/2022 15:27

Collapsing again.

If it is moving like this and nobody is stepping in the way, it isn't just retail investors is it. An institution or two could easily just stick a big order in and mop everything up here and at higher price points. Very easily done to clear out this volume of selling.

Nobody is stepping in the way though, which is a very concerning sign. I am not getting in the way of that train, get absolutely splattered.

It is just a punt this now with the directors lobbing like they have too. Boils down to faith in them being honest.

IF someone mops up big, it will have a technical bounce but beyond that...

Place your bets.

An interesting watch so I will keep tabs. You don't learn as much from the good uns I tells thee!

All imo
DYOR

[brummy_git] 04/2/2022 16:17

Justin & I talk about Cake Box (starts 10:00) here in today's Stock Picking video.

www.youtube.com/watch?v=pT7NlRWpmC0&t=2s

[brummy_git] 03/2/2022 05:17

Paul Jourdan of Amati Global talks positively about Cake Box here (starts 22:20)

www.youtube.com/watch?v=0nJJIpsI9Uo

[albanyvillas] 02/2/2022 18:06

From Share pad

An erroneous £2 million entry within the cash flow statement;
The inconsistent disclosure of related-party transactions;
The delayed reporting of a website breach to the auditor (and customers);
“Historic errors” with stock control;
The auditor resigning after becoming “concerned about the robustness of the Company’s control and governance frameworks“;
The peculiar disclosure of trade payables and receivables, and the level of receivables versus revenue, and;
Bookkeeping curiosities such as overdue tax, R&D tax credits and regular revaluations of distribution centres.

[saurish] 29/1/2022 16:05

https://darkhorseresearch.substack.com/p/weekender-26

[pogue] 28/1/2022 14:08

This will be a bargain when it stops falling. Its a great business the problem as was mentioned in the article by TMFMayn is the management seem to be still thinking its their own company. Hopefully this drop will waken them up to reality and they become more open and honest with the rest of the shareholders. I am not one anymore I sold long ago as as I thought it was over valued, as I say will be a bargain when it stops.

TMFMayn
good to see you kept the old name from TMF.

[investographer] 28/1/2022 12:57

The management here really are idiots.I first raised the breach of security data several months ago.Will these fools ever learn?

[purplepelmets] 28/1/2022 10:36

Oh boy, what now?

[parttime] 24/1/2022 17:02

In deed saurish,

As I see it this simply gives us a bit more detail about what we already knew last year, my take is that Cbox has since strengthened the Board with more experienced market operators and ,hopefully, now in a much better position. I suspect they will be on the naughty step for a time but the market has a surprisingly short memory imo.

'


'' .....The errors noted have no impact on the Group's reported profits, cash flows or balance sheet and the Company received a clean audit opinion for the year.

As previously announced and as we continue to grow the business, a key priority for the Board remains underpinning growth with the appropriate level of experience and expertise for the Group's central functions, internal controls and processes. BDO has also been appointed to assist with implementing improved internal audit practices.

The Board confirms that, since the Company updated the market with its half year results in November, trading in H2 has continued strongly and in line with expectations for the full year.''

[saurish] 24/1/2022 12:12

To all for the sake of clarity. It's not me who's written the article. The link is to the Twitter account of the person who wrote it who is not me. Sorry for the confusion. I'm a holder, who is waiting for the management response to this whole saga!

[cirlbunting1] 24/1/2022 11:39

@Saurish - "because the wrong figure has been circled here: £2,016,111 instead of £1,860,396 and this is most likely “The franchisee support fund”.

He's highlighted the right figure. 2m is phantom. Payables should have increased by 1.86m & shown under it. The increase of 1.86m should not have been under " "Increase/(decrease)in other financial assets" > under your thesis.

2 things wrong here:

1) The figures should be switched if that's the case.
2) CFO is definitely inflated by 2m.

[mngf] 24/1/2022 10:44

Just think this is tainted now. Got out in the morning, will probably shoot up 50% now

[purple11] 23/1/2022 21:14

PATTISSERIE VALERIE PART 11

RUN FOR THE HILLS

GATHER WHAT YOU CAN

DONT LOOK BACK

[saurish] 23/1/2022 21:06

A counter argument to Maynard Paton reporthttps://twitter.com/blackswanshares/status/1485188276881342472?s=21

[topvest] 22/1/2022 22:09

The article is very good. Auditors walking for those reasons is a concern as it implies a lack of trust in management. From a 5 minute look there are some red flags and the cash flow statement is pretty obviously incorrect. As I've said before, something doesn't quite feel right with this company and the article has definitely revealed some worrying aspects for anyone willing to do the work on the numbers.

The cash flow statement includes a c£1.9m cash inflow for an increase in other financial assets which is too high and the wrong way around! It's not clear what the c£1m of other financial assets are, but I suspect are loans to franchisees or something like that. If Other financial assets increased by c£0.9m in the year, then its a £0.9m cash outflow and not a c£1.9m cash inflow...hmmm!
There is also a c£1m cash outflow from a build-up in debtors and a c£2m creditor stretch. Lots of related party transactions and franchisee debtor build-up, but no bad debt provisions.

Be careful with this one!

[ditchsid] 22/1/2022 17:10

The accounts were filed last July and the auditors resigned in October. This is all old news and must surely have been factored in to the share value by now.

[thelongandtheshortandthetall] 22/1/2022 17:04

Have management been given the right to reply or not.

[tmfmayn] 22/1/2022 11:39

[SharePad] Small-Cap Spotlight Report: CAKE BOX #CBOX


An auditor becoming “concerned about the robustness of the Company’s control and governance frameworks” seems very alarming to me

[johndoe23] 22/1/2022 09:11

Interesting article...

[hydrus] 22/1/2022 00:41

https://maynardpaton.com/blog/Ouch