Cake Box Share Discussion Threads

[levinson1] 09/4/2024 14:50

River Capital PTY must surely imo be very tempted to make the 250p bid imminently

[martywidget] 09/4/2024 12:55

Investors celebrate as Cake Box sweetens full year profit guidance


THE BROKER’S TAKE

House broker Shore Capital commented: ‘With some of the clouds over the UK consumer economy lifting (in our view) we believe Cake Box is now very well placed to deliver on its evolved growth strategy, with a more proactive property strategy, enhanced marketing capability combined with the considerable knowledge and experience of founder and CEO Sukh Chamdal.’

The broker added: ‘Cake Box remains immature, and after two years of stability and consolidation looks well positioned to deliver sustainable capital light, cash generative medium to long-term growth.’




Date Broker name New Price Old price target New price target Broker change

08-Apr-24 Shore Capital House Stock 165.00p 0.00p 0.00p Reiteration

www.sharecast.com/equity/Cake_Box_Holdings/broker-views

[justiceforthemany] 09/4/2024 12:50

These sorts of discretionary stocks with no debt and a NET CASH position usually trade at 20x earnings.
240p is a fair price.

[edmondj] 09/4/2024 11:57

Thoughts for you guys:

[diohohku] 08/4/2024 18:58

Cake Box sweetens profit forecast
Patisserie chain Cake Box has told investors its profits for the year to March 31 will be better than expected after boosting online sales and launching new products.

It says that sales should be up 9pc year-on-year, reaching around £37.9m.

The chain added an extra 20 shops during the year. It believes there is scope to grow its current estate from 225 stores to 400 over time.

Cake Box began in 2008, founded by vegetarians who wanted to supply cakes that were egg free but still contained fresh cream.

Sukh Chamdal, chief executive, said the baker had “delivered a year of solid growth in all our key performance areas and full year profits slightly above expectations despite the backdrop of uncertain macroeconomic conditions.”

Shares rose 2.5pc today.

[justiceforthemany] 08/4/2024 17:17

Net Cash levels up.

Only a matter of time before a revised bid comes in.

[johndoe23] 08/4/2024 15:23

Surprised decent update

[disc0dave46] 08/4/2024 13:41

Their broker has 11.3p eps so up with events IMO.

[disc0dave46] 08/4/2024 12:22

Slightly ahead, how much they don't say.

[justiceforthemany] 08/4/2024 11:56

Which idiot is selling?

[justiceforthemany] 08/4/2024 07:59

Profits ahead of expectations.

[justiceforthemany] 05/4/2024 11:13

Update next week?

[justiceforthemany] 01/4/2024 20:34

Yep, above 400p actually.

[levinson1] 30/3/2024 22:17

What was share price then - £4 ?

[levinson1] 30/3/2024 18:19

What was the share price then ? £4 ?

[justiceforthemany] 30/3/2024 17:28

EPS in 2021-22 was 15p.

[justiceforthemany] 27/3/2024 17:09

DS Smith yesterday getting a new higher offer.
UK stocks are far too cheap. Battered by corrupt short selling hedge funds.
Telecoms, banks, life insurers, gold stocks all at mid single digit P/Es.
ITV 7x
S4 7x

[levinson1] 26/3/2024 16:12

Imo 245p bid imminent

[justiceforthemany] 25/3/2024 16:00

This was 400p not so long ago.
Net cash position.

[justiceforthemany] 25/3/2024 16:00

UK M&A is soaring.
Rate cuts coming.
Another bid is definitely in play here.

[levinson1] 23/3/2024 23:52

That would be a superb update. Why do you think it will be this good, justiceforthe many ?

[justiceforthemany] 22/3/2024 16:42

Added.
Expecting FY EPS around 12p and a dividend of 9.2p
Trading update in April.
Inflation down to 3.4%

[levinson1] 16/3/2024 18:56

Just googled and seen CBOX have 2 in Cardiff. Must really be rolling out Suppose Scotkand and Wales are the beginning of their international expansion ! But if River Capital PTY buy following up their stake building then guess they could expand everywhere including Asia - who also love their cakes !!