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investors are scared of the hyperinflation, retail stocks are dumped by those who worry about deep recession later in the year.
What are peoples thoughts on the company and share performance over the last few months, every single piece of news has been positive yet the share price just slides daily.
Only major downside has been the large sale from the owner, but they still hold a massive holding plus the errors in accounts which were resolved.
Bought 6 cake slices on latest shop visit. Great for quality and value. Staff said things were still busy and I feel sure cakes will still be sold and company will prosper. Seem to be opening shops as planned on viewing their social media output which must be a good sign. Final results and latest trading must be due this month I think. Surely at some point investors will realise the current share price is totally undervalued and some price momentum will will occur.
Yeah the fraud feelin in the air convinced this share to drop way down. Glad I bought in - should be ok from here with changes in the board with outsiders being bought in.
That trading update was better than I expected and they have now fixed a lot of accounting issues.
I was sceptical this could be a fraud before but now I think it's pretty clear it isn't. CakeBox seems like an easy buy at this price.
V Good Update.
Forum v quiet considering the positive update today...
Cake Box said: "Trading during the second half has continued to be strong across the group's store estate and online delivery channels. Accordingly, the group expects to report revenues for the year as up c.50% year on year, with adjusted profit before tax in line with market expectations."
Onwards.
Seems there may be more gifts on the way, such is the munificence of Cakebox!
Spread today isn’t great but better than it was
Hopefully they put less spread on their cakes
Bloody Ridiculous the spread today - cowboys.
Yup it was a gift that drop -
Isn’t it just great when you can see clearly and the market is not being efficient! At £1.50 on a p/e of 7, this was a screaming buy. For me, this is an easy hold to £3.50 at least. Will probably hold 75% for long term. GLA
Good to see a shake of the Board and Executive Team - I think the family enterprise was growing too big and they didn't have the necessary skills when it came to finances and due diligence. These new guys will ensure that it is adhered too going forward so we don't have auditors reporting mistakes. Bought in large at £1.50 ish and am confident I am in a good space with this stock as it goes back to where it belongs. GLA
Agree completely - have topped up again on this one. Other then nuclear fallout in which case the cash people are stuffing under the pillows will be worthless anyway, theres no case how Cakebox should be impacted in any significant measure due to the current climate.
Now very undervalued in my opinion, cash pile and yearly EBIDTA even if theres 0 growth moving forward would make this a good share let alone the massive growth trajectory its on.
Looking at the 12 market month run rate with no more lockdowns, CBOX is looking at circa £8m pre tax profit, giving it a p/e of 7ish. For a company growing this fast and with a clean balance sheet, by all accounts this is in absolute bargain basement territory. Taken a 50% position today. This should be an easy 100 percent gain from here by end of year. Good long term hold too if growth can be maintained.
“For the four months ended 30 September, being the period in which the full store estate was open again, revenues were up 50.5% at £11.2m, while gross profit rose 48% to £5.5m and pre-tax profit was ahead 56.7% at £2.6m.”
TM Crux bought a chunk. No harm there, they know a thing or two ;)
I think we'll see 140 by end of the month. Doubt that interim results will be sufficient. Will take a full year's results for any confidence to come back.
Did exactly the same - at about 4pm today. Reckon there must be a few of us with the same thoughts who have, or are about to, take the plunge. Let's hope it helps puts a floor on this share's decline. Sanity will return!
Bought into Cake B this late afternoon - been watching it for a year - the fall due to the errors in the accounts does not mean this stock should be that low. Glad to have an opportunity to get in as I thought I had missed the boat 12 months ago.
Egg today with jam tomorrow!
This is a remarkable level of decline in share price for fundamentally no difference in business performance other then a few mistakes in a report that have been corrected.
This is bargain territory now in my opinion, below 2018 prices.
Yeah I also recently invested a small amount looking to buy more on a 10% fall. Looks over sold now hey
I agree 100%. Been buying more recently as I have said in my recent posts the results will end all the negative price movement.
I would be buying more at these ridiculously low levels, results will prove the business is doing well and it will then rocket
What evidence is there to say new stores won't open in coming years???
From the website i can tell over 20 stores have opened since last years results and we know there was a pipeline of 62 according to results.
I still believe there is more growth for this company and results will prove this point to end negative commenting!