The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCake Box Holdi. Share News (CBOX)

Share Price Information for Cake Box Holdi. (CBOX)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 167.50
Bid: 165.00
Ask: 170.00
Change: 0.00 (0.00%)
Spread: 5.00 (3.03%)
Open: 167.50
High: 170.00
Low: 167.50
Prev. Close: 167.50
CBOX Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sunday share tips: Wood Group, Cake Box

Sun, 27th Aug 2023 10:27

(Sharecast News) - The recent failed takeover for Wood Group could present a buying opportunity for investors, suggests the Mail on Sunday's Midas column.

The disappointment of VC firm Apollo walking away from its 240p-per-share bid in May sent the stock tumbling to around the 140p level. It has recovered since then, to 156p as of Friday's closing price.

However, Midas highlights that Wood Group could still be undervalued, currently trading at less than nine times forward earnings for 2024. It cites comments from Investec, which said that if the stock was trading in line with the sector average valuation ratio, the shares would stand at 245p.

"The company has a diversified portfolio of clients in 60 countries, and the need for sustainable solutions for oil and gas companies is not going away," Midas wrote.

"Recovery may not be swift, but [...] today's Wood shareholders may find patience is rewarded. And there's always the chance of a nibble on the line from another interested purchaser in the short term. Reel this one in."

The recent underperformance of Cake Box could also present an attractive opportunity for investors, according to The Sunday Times's Lucy Tobin.

After floating in 2018 just over 100p a share, the stock was up over 400p in late 2021, but has since tanked to just 157p. Meanwhile, a 160p-a-share takeover approach from an Australian cheesecake company in July was rejected.

Nevertheless, things are looking up, Tobin writes. Sales across franchised sites rose nearly 7% in the first 17 weeks of its financial year.

The company also said it is seeing signs of easing inflation in some key ingredients such as fresh cream, while its trial of supermarket kiosks in Asda is providing successful.

"Cake Box is light on capital demands and is cash-generative, but the shares are trading at a price/earnings ratio of only 13," Tobin said. "Let them eat cake - and profit off the back of it. Buy Cake Box."

More News
19 Apr 2022 10:45

Cake Box shares climb as hails bumper year for revenue

(Alliance News) - Cake Box Holdings PLC shares climbed on Tuesday, after it said it brought in record revenue in its most recent financial year, helped by a strong second half.

Read more
19 Apr 2022 08:35

Cake Box reports strong second-half trading

(Sharecast News) - Cake Box said annual profit would meet market expectations after a strong second half to the year for the dessert maker.

Read more
14 Mar 2022 16:58

TRADING UPDATES: Abcam returns to profit; Cake Box rings changes

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
14 Mar 2022 12:52

Cake Box CFO Pardip Dass steps down

(Sharecast News) - Specialist cake maker Cake Box announced the departure of its co-founder and chief financial officer Pardip Dass on Monday as it said its full-year performance was set to be in line with expectations.

Read more
24 Jan 2022 15:11

Cake Box acknowledges errors in annual results as shares slide

(Sharecast News) - Cake Box noted the slump in its share price on Monday and cited recent commentary from a retail investor blogger regarding transcription errors in its full-year results.

Read more
24 Jan 2022 14:57

Cake Box promises better internal audits after accounting errors

Cake Box promises better internal audits after accounting errors

Read more
11 Jan 2022 15:35

AG Barr and Cake Box solid defensives amid high inflation - Liberum

AG Barr and Cake Box solid defensives amid high inflation - Liberum

Read more
25 Nov 2021 12:40

IN BRIEF: Cake Box co-founder & CEO sells 7.5% stake for GBP11 million

IN BRIEF: Cake Box co-founder & CEO sells 7.5% stake for GBP11 million

Read more
25 Nov 2021 10:10

Cake Box slumps as CEO and spouse sell 3m shares

(Sharecast News) - Cake Box shares slumped on Thursday after the company's chief executive and his partner sold 3m shares in a placing.

Read more
24 Nov 2021 18:04

IN BRIEF: Cake Box CEO and spouse to sell shares via placing

IN BRIEF: Cake Box CEO and spouse to sell shares via placing

Read more
8 Nov 2021 14:54

TRADING UPDATES: Cake Box, Argentex see record first half performance

TRADING UPDATES: Cake Box, Argentex see record first half performance

Read more
8 Nov 2021 11:53

Cake Box serves up strong growth in first half

(Sharecast News) - Specialist cake retailer Cake Box reported "strong growth" across all of its financial metrics in its half-year results on Monday, with revenue up 91.8% year-on-year at £16.47m, and EBITDA leaping 109.1% to £4.14m.

Read more
1 Nov 2021 16:13

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
4 Oct 2021 14:37

IN BRIEF: Cake Box shares strong first half thanks to home deliveries

IN BRIEF: Cake Box shares strong first half thanks to home deliveries

Read more
4 Oct 2021 10:02

Cake Box interim revenues almost double

(Sharecast News) - Fresh cakes retailer Cake Box said on Monday that trading during the first half had been strong across its store estate and online delivery channels.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.