Updates

Patisserie Holdings

July 2017

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 hardworking H1 from ‘old reliable’ Patvals, outperforming the wider restaurant sector, which has been littered with profit warnings from Restaurant Group, Tasty and Comptoir.As it was, helped by a strong Easter, sales for the six months to end March were up 11% to £55m. With very good cost control and growing economies of scale, pretax profit was up 16% to £9.7m. Eps were up 19% to 8p.At the period end, it was trading from 192 stores having opened another 10 funded by internally generated cash flows (£2.9m in new stores and £1.5m on refurbishment). Despite that, net cash at the end of the first half ballooned to £16.2m from £8.9m. It is on track to open 20 for the ...

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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 - 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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