Member Info for jazz_01

Agree regarding the currency element.

pound to usd was circa 1.4 when NEX was much higher, most of the inflationary costs are hedged so this is definetly oversold in my opinion, currency impact alone should drive profits higher then forecasted.

Still a hold/top up from me on this, I dont see the services NEX provide dissapearing anytime soon, multiple governments are pushing for public services, the coaches offer good value and the cost pressure seems relatively under control.

The price of oil will drop no doubt and the pricing/cost base will stabilise to whatever the market deems.

I understand the cost pressures a company like MAB will be facing but i still feel alot of these are temporary and will stabilise as all markets to, are we really not going to be going to pubs/restaurants in the future???

MAB has some of the best offerings out there in my opinion, prices will reflect the cost and it may be bumpy but will normalise a year or two for now and they will be back to making fat profits, business rents and rates i cant see spiking as governments need companys like these in town centres.

overall - there isnt a massive bull case for this but its definetly undervalued in my opinion.

Dead quite board as ever - this company is on fire with profits, revenues, redevelopment of existing sites and new sites opening up.

I went to Hollywood Bowl the other week and it was completely rammed with no pool tables, bowling alleys and some arcade machines never available due to the amount of people in there.

I also think an ace is up the sleeve in terms of utilising some of the dead space if needed similiar to what department stores like Sports Direct and Next are doing where if they dont feel they need the space, convert it into an area for a small pop up/business to utilise and get rent and footfall that way i.e a Costa/Starbucks inside a Hollywood Bowl would be a good move in certain areas.

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.

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.

Still here too, have been since March 2020!

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.

One of the reasons I brought into NEX other then the share price simply being so supressed in comparison to its actual value was that its operating in an industry that really shouldnt be facing harsh drops/negative forecasts when the economy tanks. Its not a luxury good and is very much a criticial piece of a functioning economy regardless of whether its in a recession or boom period.

There are headwinds with inflation in terms of driver wages and fuel but a lot of this is temporary and will stabilise, the demand element for NEX will continue to be there 20 years from now and will only get more efficient with the likes of eletrification of fleet vehicles, more dedicated bus lanes / push towards public transport etc.

Its a clear signal to be, following the previous posts sentiments that these companies are just getting brought out left right and centre, NEX is one of the biggest and most diverse which may be why it hasnt been taken over as its just more complex of an takeover operation.

Overall, we are still 50%+ lower then pre covid levels when in my opinion the worst is over with many negative sentiments/inflation risk baked in.

Definetly undervalued given this tanked due to crude oil prices and russia/ukraine conflict.

Crude has dropped significantly from its highs, the war has no direct impact on NEX.

Broker re-rate means nothing these days.

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.

Would like to see more news flow from BOWL, interested to see whats happening with inflation pressures and if they are seeing this impact, also what to see how the mini golf type centres are too and whether they are meeting forecast targets.

Feels like a great business with not much competition, but seems to be relatively underpriced given lockdown risk is virtually 0 at this point which was the main barrier.

Barely any chat here.

What are people's current thoughts on MAB? I brought in at the peak crash however this has been drifting south over the last few months. This is mainly due to risk of Inflation, pressure on staff wages, lockdowns etc but still feels too cheap in my opinion given businesses like this are largely middle of the road in terms of consumer spend so can adjust prices and not feel highly negative impacts on sales.

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.

Ive topped up on this - price feels ridiculous considering no business performance news has come out at all and its less then half the value it was in Nov?

Price is at 2018 level - we have had 4 years of nothing but wins and growth, survived covid and exceled, no obvious competition, massive pipelines of franchisees and profit margin not eroded at all.

These are all good points JC1220.

Some major catalysts for potential growth I think I can see coming:

-Almost no marketing/brand awarness in the marketplace for Cakebox in my opinion, its really only in the asian community they are somewhat known, all it takes is for a catchy advertising campaign, a few key influencers (massive market to boost sales).

- Cakebox stores in key visible areas for exposure rather then profitability i.e outside of key train stations i.e New Street Birmingham, concession stores as they have with shopping centres but more of this needed.

-More B2B - perhaps suppyling cakes to coffee chains, corporate sales etc.

-Items themselves are incredibly simple in the same way a cup of coffee is, i dont buy any negative argument that because they just sell cakes this shouldnt be worth anything, its a very unique/simple concept their stores and the simplicity of the product skews i.e same base of cake but multiple different toppings etc make this a very sharp and simple business and theres no independents that can achieve the effieciency of cakebox.

Also this was trading at 400p plus only few months ago and we are now at half that - with the only facts to business performance being confirmation of forecasts continuing to come through, strong performance across the board. There is either something we are all missing, or this is another classic case of being too small for the big investment firms to care about and retail investors driving the price down.

The amount of share price sales as a % of the market cap is crazy as its incredibly small yet £50-100k can knock 5-10% of the share price off - literally makes no sense.

This is significantly below the peak price we achieved in November at -46%. Since then we have had a chunky sale from the founders into the strength of the share price and also this issue around incorrectly reported numbers, all of which has been answered/resolved with no impact on performance.

Topped up as i simply dont agree with the market but could be horribly wrong.

significant growth year on year and no signs of slowing down, every week i am seeing news articles of a new cakebox store opening, i have gone to these personally and they are completely packed full of customers 24/7.

the concession stores in shopping centres look ok (not amazing) however the ones instore i.e asda look fantastic.

Not to be dillusional or overly bullish on a stock and be biased but surely by the auditor giving their opinion that accounts are still good, whats the issue?

Some funny accounting supposidly going on, CBOX is a unique business with no direct comparison, on a high growth trajectory so there will be accounting errors no? unless its outright fraud (which the auditors would of picked up on), i really dont see why this has gone from 426 to 256 in less then 3 months?

Now trading at less then half the P/E it historically has and since the historical data, all signs point to it being on stronger growth trajectory.

Would really like other peoples opinions on this!

Patiently waiting for a RNS from CBOX now to give their view given the material share price drop.

This feels like an under appreciated stock in terms of limelight for investors both in its growth potential and in how well run it is.

I go to my local cakebox stores regularly, yesterday it was completely packed.

Glad to see more offerings also with the cheesecake slices, gift boxes of some sort and cupcakes.

I’m not sure whether this is undervalued in terms of valuation as of today however the growth is definetly going to come so I can see this being a strong performer over the years.

There’s competition for this type of business at a local level but they have the scaled up efficiency of mass producing while still maintains quality of the offering aswel as what appears to be an attractive franchise model so I’m holding for now.

Good to hear others thoughts on this one

Any idea on what’s going on? Feels like a leak / buyout rumour or something driving this up as it’s been flat for months. I find it hard to believe the markets suddenly realised this has been undervalued and that’s the reason alone ?