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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Cake Box - Target price raised to 360p

June 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CBOX
  • Price:
  • 259p
The shares surged to a new high of 274p following a strong update, which came in ahead of expectations. For the 40 weeks to 7 March, overall sales were up 16% with same store like-for-like sales up 14.7%. Net cash rose from £2.1m to £3.6m. Cake Box opened 17 new stores in H2 and overall there were 24 openings in the year, taking the total to 157. The pipeline is also strong with franchise deposits for 52 sites across the country. During the period Cake Box launched an own-brand delivery platform, supporting existing click-and-Collect and third-party delivery offerings and early results have been promising. Online sales were up 84% year-on-year. Meanwhile, its new bakery and distribution ce ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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