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Patisserie Holdings - Shares surge as cash pile climbs

June 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.

It wasn’t the H1 results that sent the shares higher. These were mostly in line, with sales up 9% to £60.5m and once again growing economies of scale helped offset rent and national living wage increases. Pretax profit was up 14% to £11.1m and eps were up 13% to 9p. Instead, everyone has finally clocked that the cash pile is getting bigger. And bigger.CAKE used some of this to add a net seven new stores (10 opened and three closed) in H1 to leave 206. But even with that spend on the new openings, net cash grew by £7m to £28.8m in H1. Revenues from the Patisserie Valerie brand were £45.8m, up 13% driven by the new space as well as higher online sales, which now represent the equivalent ...

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Staffline

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Patisserie Holdings (November 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)

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)

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