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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Cake Box - Liberum upgrades price target to 450p

November 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:
  • 370p
The shares leaped over 40p to a new high of 381p after Cake Box’s half year update led to further broker upgrades. Revenues increased 91%  to £16.4m versus 2020 in the six months ended 30 September  and were 50% higher in the last four months.Liberum notes Cake Box has achieved 60% of its full year sales forecast already. With 20 new franchised store openings that takes the total to 174, while digital sales rose c. 70% year-on-year and trials of supermarket kiosks are being expanded. Meanwhile, the franchisee pipeline is strong with 62 holding deposits held and the broker expecting a further 12 openings in H2.Liberum has upgraded sales forecasts by 8% for this year but investment in IT and data managemen ...

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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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