Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Great to see some positive price movement! Cakes purchased recently were still delicious and good value. Shop seemed busy so hopefully market will realise this company is a winner!
Increased dividend is a good sign
Full year dividend of 8p+ means the shares are now yielding a chunky 7%+
With inflation coming down in coming weeks and months raw material costs should abate with higher margins
Shares were at 400p not so long ago
Good balance sheet
> We have continued investing for future growth in the business. We had already enhanced our management team, bringing in a new Chief Operating Officer and a Marketing Director, as well as bolstering the production and food hygiene teams.
Increased headcount will impact SG&A in short term but is an investment for long term really.
> In the last six months, we have made a significant investment in our Enfield bakery by bringing in new state-of-the-art production facilities for cheesecakes, whilst also making other improvements to provide a better environment for our baking and production staff. This investment is reflected in the significantly higher admin costs in the period of £5.9m compared to £3.9m last year.
I see this reflected in an increase of Capex by 1.2m.
Results look better than I was expecting in short term imo.
The EPS reduction looks bad on paper but it would be good to know how much of that is down to investments and how much is inflation eating into margins.
Thoughts on the RNS? Was expecting worse to be honest given the last update where this tanked , would be good to be given more detail on the actual EBIT erosion to see if it’s truly temporary and where it’s being spent
I be surprised if he wants to really back his own company
Diectors buys and significant rise so perhaps a takeover bid is not pie in the sky after all
Directors will scare us off bring the price down and then swoop the shares up....give it a week and out of the blue Gregg's will mount a takeover.
If I'm wrong I will eat humble pie
that bought in on the low manage to top-slice? It would be like having your cake and eating it. Always good to buy in doom and sell in boom but I admire anyone who put their crumbs in here after a terrible update. Seems like a recipe to lose more pounds but it seems always the case the market over reacts in the morning but is more spongy later.
11:25: Buy of 45,446 shares this morning - £49.99k
I see what you did there, not the eggcellent update I was expecting.
Lucky to dodge this one, was tempted as I thought the next update would be good but the update came earlier than I expected. Shame really as I think the concept is good but I think I'll wait on this one
The board is delusional to even go ahead with dividend considering the economic climate and difficulties in raising funds in today's capital markets. Sometime next year, they may even need to consider raising funds at a discount if performance remains subdued. Unbelievable. IMO, DYOR.
Dreadful update. Why on earth are they still issuing a divi in such circumstances and in a climate where the cost of living is massively affecting discretinary spending is beyond me.
Sorry to say but this one looks like a lemon. A lot of these types of companies are looking half-baked with all the competition around. There is no way of sugar-coating these results as no matter what way you slice it it is enough to give you indigestion.
Yes, I thought they would've shelf'd the Divi, considering it's included in the cash balance of 6+ M
The dividend will be higher than the share price at this rate!
I wonder how long it will go today
https://www.sharesmagazine.co.uk/events/event/shares-investor-webinar-130722
Looking forward to this one - new members on board at CakeBox with a positive update
Very undervalued in my opinion:
-Stronger position then it ever has been with record number of stores, profits, revenues, online orders.
-Born in the recession and has grown since then, i dont see how a recession will massively impact this in anyway.
-Still has many more products it can offer and i think the stores can be utilised even more effectively increasing the footprint coming through and its also not well advertised/known yet neither in my opinion.
-12X P/E - Makes no sense - should be 15-20 tbh.
Excellent results. Surely now buyers will return to get some share price momentum. One of the few companies around increasing its retail presence, growing sales and profits!
great results. should return to 300 next few months.
Given the relatively low P/E considering this is considered a growth stock, with everything going to plan from revenue increasing to franchises consistently increasing, no signs of market slow down or cannibilisation from store to store, leadership teams being strengthened, company posiiton having a small supply chain, this has all the hallmarks of doubling in market value over the next 2-3 years from here in my opinion.
Impressive indeed, with all the audit issues behind them major investors are sure to be back in. The current sp could also make them a take over target as all the foundations are in place for further expansion.
50% growth is pretty impressive. Good value on a PE of about 12.
Think the market has realised the price was massively over inflated. I only feel sorry for those who bought at above 300p. They'll never get their money back.
Keep the faith. The steady stream of new shop openings is surely sign of confidence in future of the business both in short and long term. They still sell delicious cakes and I think they are good value. This business can still progress in this negative world......hopefully investors will realise this and share price will increase again.