Patisserie Share Discussion Threads

[fooslerron] 29/11/2017 18:30

Has been a great buy for a couple of years and one to hold. Only way is up for this companies profile.

[asagi] 28/11/2017 09:50

Story in the Times we are looking to buy Bread Holdings

Cheers nw99. Bread Holdings owns Gails. Would be a cracking tie-up IMO.

Asagi (long CAKE)

[nw99] 28/11/2017 06:39

Story in the Times we are looking to buy Bread Holdings

[nw99] 27/11/2017 16:30

Great day here break out the champagne

[grahamwales] 27/11/2017 16:23

This is going down fella's. buy at £3.00

[quepassa] 27/11/2017 15:46

Three Broker Recommendations issued today on PatVal:


Peel Hunt REITERATES ADD with PRICE TARGET 425p
FinnCap REITERATES BUY with PRICE TARGET 360p
Canaccord REITERATES BUY with a PRICE TARGET 405p



ALL IMO. DYOR.
QP

[tjbird] 27/11/2017 15:28

Wont be surprised to see broker targets at the 450p level

[tjbird] 27/11/2017 15:27

400p this week

[mammyoko] 27/11/2017 15:01

Not even back up to where it was pre-unwarranted sell-off. Still feels like there is some concern out there

[walbrock82] 27/11/2017 14:51

Patisserie results looked alright as sales grew by 9.7% to £114.2m. Operating profit rose to £20m, as basic EPS is 16.36 pence.

The company operates in 199 stores and for next year it will open a further 20 stores. They are supplying 18 Sainsbury’s counters.
The average payback period is 23 months.

Financials in detail
Today’s EPS of 16 pence means Patisserie is on 20 times earnings. The company has a superb balance sheet with equity of £92m (30% of market value), £20m in cash and total liabilities of ONLY £6.6m.
Profits are republicated in the cash flow statement, as net cash profit amounts to £20.4m vs. net profit of £16.3m.
Meanwhile, it paid out £3.2m in dividend, up from £2.7m.
The ONLY concern is the sales growth coming in below 10%, down from 13% last year.

For more on Patisserie, which includes:

1). Mission Objective;
2). Quality of earnings;
3). Profits converting to cash;
4). ROCE and Capex to depreciation pattern;
5). Long-term share price projection.

Then click

[opodio] 27/11/2017 14:32

my own view is this could be £5-£7 in a couple of years

[blockchain] 27/11/2017 09:45

cash piling up nicely

[trt] 27/11/2017 09:32

Consumer spending is reducing however, bound to have an impact. Could be time to take a few profits at this level.

[tjbird] 27/11/2017 08:42

my thinking precisely

[useless23] 27/11/2017 08:24

This will close 15 - 20 pc up today.

[aishah] 27/11/2017 08:05

Excellent cash generation and good control of inflationary pressures. However price is up with events here imo. dyor

[spud] 27/11/2017 07:58

Quality results. I fully expect the price to react positively. spud

[che7win] 27/11/2017 07:35

Good company performing well, it's at fair price right now though.

[simso] 27/11/2017 07:33

the 23 month payback they achieve on new stores is consistent with every results release they ever make, including the original IPO documents. Good results, all as i had expected

[audigger] 27/11/2017 07:29

Solid....and sustainable growth. I like!

[useless23] 27/11/2017 07:12

Fantastic company, brilliant results. A proper cash cow.

[nw99] 27/11/2017 07:05

"We have delivered another year of excellent financial results, achieving our targets in a challenging environment. We opened 20 new stores many of which are performing ahead of expectations, and the performance of our new bakeries in the Republic of Ireland is encouraging. Our indulgent, affordable treats remain attractive to customers, and our flexible business model has enabled us to mitigate inflationary cost pressures. With a highly cash generative group, strong brands and a focused management team I remain confident of another year of growth and achievement."

[asagi] 26/11/2017 13:56

Basingstoke Patisserie Valerie opened November 22nd.

hxxp://www.patisserie-valerie.co.uk/blog.aspx/1/78/Patisserie-Valerie-Basingstoke-Now-Open

this is four stores in a month: Wigan, Glasgow, Liverpool and Basingstoke. Might we get our '20 stores a year' target upgraded with results tomorrow?

Asagi (long CAKE)

[useless23] 24/11/2017 16:29

I'm back in here. I think the tie up with Sainsbury's will be positive.