Updates

Patisserie Holdings - Records 9th consecutive year of growth

January 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares stand at their highest level since becoming a NAP 12 months ago in SCSW at 255p. Helping was the news of its ninth consecutive year of profit growth. Overall, sales including Philpotts for a full year (vs seven months) were up 20% to £91.9m and pretax profit increased 29% to £14.6m. The slower eps growth of 12% to 11.3p was due to a higher tax charge and a higher weighted number of shares in issue. Adjusted EBITDA increased by 22.9% and EBITDA margin improved from 20% to 20.4%.The great thing is that expansion is self funded. The flagship Patisserie Valerie added 18 new units to take the total to 116 with sales of £62.9m, up 23%. Payback on new stores is ahead of plan at 23 months.Two openings sli ...

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Benchmark

Cohort

Patisserie Holdings (November 2018)

Patisserie Holdings - Shares surge as cash pile climbs (June 2018)

Patisserie Holdings - Cash expected to build to £56m in 2 years (January 2018)

Patisserie Holdings (July 2017)

Patisserie Holdings - Despite 21 new units, cash pile predicted to climb from £13.3m to £20m (January 2017)

Patisserie Holdings - Still delivering rapid payback (June 2016)

Patiserrie Holdings (June 2015)

Patisserie Valerie - Fast roll-out of posh cake shops (January 2015)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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