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My £5 side bet came in.... chocolates all round
Good article in the Daily Mail who had previously tipped it.
For Xmas sales looking strong still
"The market is a mechanism to take money from the impatient and give it to the patient " Bottom draw this as a 3 year investment....you will be rewarded...no need t screen watch buy and forget..that way the market shenanigans will not concern holders...£25 my target increased to
BUY: Hotel Chocolat (HOTC)
The group’s digital model and at-home product sales growth delivers robust results, despite high-street stores being closed for half the year, writes Christopher Akers.
Given the number of companies highlighting the deleterious impact of supply chain issues and inflationary pressures, it was almost shocking that Hotel Chocolat did not announce such problems in its full-year results to June 27. While the Aim-listed premium chocolatier is certainly not immune to problems at home, its UK-focused production base means it is not as exposed to international freight and haulage problems as competitors. Revenue soared and the bottom line outperformed market expectations as the group returned to profit after last year’s pandemic-driven loss.
Revenue was up by a fifth despite the group’s high street stores being closed for six months of the year due to Covid-19 restrictions, including for the vital trading days of Christmas and Valentine’s Day. The group’s “digital-first” strategy redressed the decline in store sales, with 70 per cent of revenues for the year stemming from digital sources. Sales of at-home products, such as the Velvetiser hot chocolate maker, grew strongly with customers responding well to subscription models. In the group’s US market sales were up 36 per cent and 16 new stores were opened by its joint venture in Japan.
While the group posted robust profits, the dividend — last paid in 2019 – was not reinstated. This will disappoint income-focused investors, though management noted the decision was due to the “opportunities to invest for future growth” taken in the year. The £19.3m allocated to capital investment included funding the expansion of UK operating capacity, which is forecast to significantly increase production limits and support £250m of sales per year. Further investment is planned, with a £40m July share placement shoring up the balance sheet after the year-end.
The group’s continued focus on sustainability means that ESG-conscious investors can take a serious look at the stock. The new Gentle Farming Charter aims for cacao suppliers to “earn a sustainable living income in return for farming in a climate-smart, sustainable way”. And 100 per cent of packaging is expected to be “widely recyclable” by the end of 2022, and a first sustainability report is due to be published in this financial year to provide stakeholders with additional disclosures.
Peel Hunt expects a forward price/earnings ratio of 21 times forecast earnings for full-year 2023, which represents good value given current and expected growth. The broker forecasts adjusted profit before tax to almost triple to £28.9m by full-year 2023. With a sturdy digital strategy and reopened stores helping drive growth further, we think the results warrant taking the plunge.
Price target increased to UK£5.17
Up from UK£4.80, the current price target is an average from 3 analysts.
New target price is 8.8% above last closing price of UK£4.75.
Stock is up 37% over the past year.
I have bought Hotc for years they must have a huge loyal customer base that will just keep repeat repeat ordering....and I love how the share base is held...
Rock and roll this baby is on fire could be £10 sooner than people think...
Just received my chocolate order too, what a good day.
BTW for birthday you get £5 voucher and free delivery, but then you have to get the slower delivery!
Why no just make the voucher £10 then I can pay the extra £1 for faster chocolate!!
Also this looks to have a good future, unlike the chocolates that will be gone very soon!
I also sold a few HOTC on the back of the results, but still have a good holding for longer term- I tend to spread my good shares between isa accounts and general trade account. I sold because I wanted to add to my TSCO holding for their results, which for once went in my favour!
Bond film is worth watching ( please go to Cineworld cinemas because Im underwater there by a few quid!)...... just remember to stuff your chocolates down your pants in case staff frisk you for smuggling in contraband!
My side bet for HOTC £5 by xmas looks on...gla.
Of course it should be holding up it's a well managed company with good strategic vision and sells quality products.
I must admit to having taking some profits on a few of my shares to enjoy my success and some, not much, will get recycled into going to see the new James Bond film to assist one of my others.
Might even by some HOTC chocolate treats to take in with me to help both. All seem to be raving about the film so why not.
Looks good for another spurt
This could rise like Ocado...personally if they drop it ..take it a great opportunity and load up....as the song goes "the only way is up..I keep getting lots pictures of girls in skimpy outfits at the bottom of my screen..no matter how hard they try to get in nickers...I am holding firm with my long johns ...:0)
More upside ..one hopes near term
I'm very happy with the results, and don't intend to part with a single share. I only wish I had bought more but over the last few months I've managed to build this position to 10% of my Portfolio. Well it was 9% but with today's jump I'm at 10 now haha.
trust the Oracles :)
An omni channel approach....
Intensely satisfying results.
Not quite sure it's all online though for I was in a store just a few weekends back and it was very busy. That plus I have also liked visiting their cafes when I come across them.
It's a winning formula that they have and it should only strengthen further on the run up to Christmas.
Nice update. Basically transformed in to online retailer
A genuine ethical company is well run by management you can believe will do what they say selling a unique range of products to a well to do ABC client base on what has quickly become a global market initiative.
Future growth over dividend today?
Great results as expected..onwards and up
You have the power of wisdom of two for the same price lol
I see that they have started selling the Velvetiser pack at Costco - a good move IMO
Two Oracles on one chat board…. If that’s not a form of divination then I don’t know what is!
Is Ixcacao, the Goddess of Chocolate, sending a message?