Share Name Share Symbol Market Type Share ISIN Share Description
Cake Box Holdings Plc LSE:CBOX London Ordinary Share GB00BDZWB751 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  7.00 2.76% 261.00 707,407 11:00:09
Bid Price Offer Price High Price Low Price Open Price
252.00 270.00 264.00 258.00 258.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 18.74 3.76 7.82 33.4 104
Last Trade Time Trade Type Trade Size Trade Price Currency
16:03:36 O 400 267.175 GBX

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Cake Box Forums and Chat

Date Time Title Posts
19/2/202109:59Cake Box - a slice of pleasure or pain?41
26/11/201911:25Cake Box Holdings364
03/5/200714:57Cashbox Going bust? shorting opportunity40

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Cake Box (CBOX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-04-12 15:03:37267.184001,068.70O
2021-04-12 14:39:12258.997,07018,310.59O
2021-04-12 13:28:33267.75150401.62O
2021-04-12 13:18:37267.751,8674,998.89O
2021-04-12 13:00:22268.002,2436,011.24UT
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Cake Box (CBOX) Top Chat Posts

Cake Box Daily Update: Cake Box Holdings Plc is listed in the Food Producers sector of the London Stock Exchange with ticker CBOX. The last closing price for Cake Box was 254p.
Cake Box Holdings Plc has a 4 week average price of 242p and a 12 week average price of 202p.
The 1 year high share price is 264p while the 1 year low share price is currently 113p.
There are currently 40,000,000 shares in issue and the average daily traded volume is 8,758 shares. The market capitalisation of Cake Box Holdings Plc is £104,400,000.
tomps2: Cake Box Holdings (CBOX) on the Stockopedia / Piworld February 2021 StockSlam. Ed Croft’s thoughts from 42:11. Video - Https:// Podcast - Https://
edmonda: #CBOX trades on a trailing EV/sales ratio of 3x. This rating is only in line with its franchised food retailer peer group, a surprise given the brisk underlying sales growth @eggfreecakeuk plus a robust balance sheet and a capital light business model.
investographer: Analysts at Liberum initiated coverage on bakery chain Cake Box on Tuesday, hitting the group with a 250.0p target price and a buy rating.Liberum said Cake Box benefits from being fully franchised, providing it with a capital-light rollout model that will earn it double rates of growth every year for at least the next five.Wayne Brown and his team of analysts said Liberum, which was led by its founders and has a proven track-record of expansion, was also blessed with a scalable model and infrastructure able to accommodate a tripling of its estate. Cake Box benefits from high growth, which is all funded by its franchisees. A strong working capital profile and limited need for capex means the group generates a ROCE >60% and earns more cash than it needs, said Liberum.Liberum also said that limited competition and being the only national operator of scale gave Cake Box a "strong market position"."While barriers to entry are low, we see brand awareness rising from continued expansion. We see numerous positive catalysts from new product adjacencies, routes to market, and channels over time," added the analysts."The current valuation does not reflect the quality of the business."
saints98: Looks like Liberum have initiated with a price target of 250p
trytotakeiteasy: - Interim financial results just released (period to end Sept 2019). - CFO buys 150,000 shares at 150p. Total £225,000 invested. - Equity Development note on Cake Box: Great investor presentation that is well worth listening to:
nobilis: Whey price and flour prices gone up will get smashed
s_a_b: 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.
stejack86: New store openings sound good but result in the store cannibalising another near-by stores customer share. Cakes are garish and lack the finesse and design customers are demanding, u can get prettier cakes from the Instagrammer making cakes in their kitchen. Egg free isn't a unique enough USP to survive. The local shop is always quiet, staff stay in the back making it look shut even on what should be a busy weekend. Think they give more cake away than they sell.
radioactive_man: Happy holder here after some considered discussion on IPO frauds. Does anyone have any thoughts on the amount of IPO's that have gone wrong recently? CAKE, TAP, LUCE, FOOT, the list goes on and on. However most of these fit into a particular profile. Exciting growth and directors cashing out some of their holding rather than raising cash for growth. I'm sure you can see where I'm going with this... I will say I do not suspect CBOX of fraud but these companies have all appeared fine prior to an event that leads to a massive fall in the share price There may have been amber flags but nothing concrete.It could be argued that CBOX has a couple of amber flags of its own: directors cashed out (I'm not sure the listing provides any benefit to the company). The company is profitable and growing do I'm not sure why this step was taken. Unless it is to grow the share price to cash out further. Finally the stores are incredibly profitable which is a benefit of the franchise model. However it could be argued that the (incorrect) use of EBITDA and lack of LFL figures are hiding the important numbers.Not trying to be inflammatory but would welcome any comments on why this is/isn't a stupid idea.
goldguru2017: It always comforts me to see limited activity on chatrooms as this means there are many more retail investors yet to discover the CBOX story. The recent dip in price due to Lombard Odier Asset Management (Europe) Limited trimming their holdings to just less than 5% allowed me to double up at lower levels though I have to admit I questioned myself as it was going down! Good news to see CBOX hit 100 stores. Adding 16 since year end March 2018. A reminder of my figures posted Aug 4th 2018. "To achieve the March year end figures of AT profit of £2.77 million they had 86 Franchise stores generating revenue to them of £12.834 million. This is £149k per franchisee (having risen from £119k in 2016 and £138k in 2017). Cost of sales were £7.263 million giving operating revenue of £5.571 million and an operating margin of 43%. This is consistent with 2017 and 2016 which is a good sign. Admin expenses were £2.3 million (£1.67 million:2016,1.3 million:2017) which have been rising in line with profits. This gives an EBITDA for 2018 of £3.7 million and After tax profit of £2.77 million. They opened 23 stores between 2017 and 2018 so lets assume conservatively they have opened 23 stores for the year ending March 2019 (forecast higher). Ok I am not exact here as we don't know at what point each store was opened but this evens out over the years when doing EPS comparisons. Also as the revenue per store has been increasing I assume that this rises from £149k/store to £159/store which is consistent with previous years increases (its profile is now higher with listing and national advertising campaign). 2019 Revenues for 109 franchisees at £159 per store is revenue of £17.3 million. If you assume the same operating margin then the Cost of Sales are £9.88 million, Admin expenses assumed to be flattening out but still increasing so £2.6 million. This gives an Operating profit of £4.85 million and AT Profit of 3.98 million. This is an EPS of 10 pence a share. The PE ratio has dropped to 17 and the PEG ratio is 0.4, still extremely attractive. My estimates for 2020 using the same methodology is 132 stores for revenues of £22.3 million and an AT profit of £5.49 million and EPS 14 pence. At a PE ration of 25 (still way below 1 PEG ratio) this is a share price of £3.50. I would expect the increase in number of new stores to be higher than my assumptions due to the current momentum of the business and proven track record over 3 years. People love the product and this is translating to the bottom line." It looks like the momentum is better and hopefully year end March 2019 total stores will be more like 115-120 instead of the 109 assumed above. I read the Shore Capital research report which is comprehensive. It has a lower figure for 2019 Earnings due to one off costs associated with listing but this should be extracted for valuation purposes at its a one off. Good luck everyone - I expect the share price to make further ground from here.
Cake Box share price data is direct from the London Stock Exchange
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