Updates

Patisserie Holdings - Cash expected to build to £56m in 2 years

January 2018

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.

A near vertical climb for the shares followed full year results for the year to 30 September. Sales were up 10% to £114m. Growing economies of scale helped offset rent and national living wage increases and pretax profit was up 17% to £20.2m. Eps were up 19% to 16.2p. Having opened ten stores in H1, it opened 7 in H2 to end with 199. All but one of the new stores were under the Patisserie Valerie brand. Revenues from this brand were £84m, up 14% driven by the new space, better online sales (up 26% to £4.8m) and a supply agreement with 18 Sainsbury’s counters. The average store payback period remained under 23 months (ahead of its 24 month target). Revenues from the group’s other brands were generally flat.Despite the new ope ...

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2018 NAPS - Our shortlist for the year ahead

Telford Homes

Patisserie Holdings (November 2018)

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

Patisserie Holdings - Records 9th consecutive year of growth (January 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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