Patisserie Holdings plc is a leading UK branded café and casual dining group offering cakes, pastries, snacks, meals and hot and cold drinks from 138 stores and Flour Power City Bakery in the UK.

It currently operates under five differentiated brands – Patisserie Valerie, Druckers – Vienna Patisserie, Philpotts, Baker & Spice and Flour Power City, offering broad customer appeal, flexibility and outstanding roll-out potential.

The Company operates a vertically integrated business model, with all products made in-house at seven bakeries and delivered fresh daily. Products are sold primarily through stores and also a growing online channel.

The Group's executive management team, led by Luke Johnson (Executive Chairman), Paul May (Chief Executive Officer) and Chris Marsh (Finance Director), has overseen a period of consistent growth from eight stores in 2006 to more than 130 today. The first Patisserie Valerie café was opened on Frith Street in London’s Soho district in 1926 by Belgian-born Madame Valerie, whose vision was to introduce continental patisserie products to the UK. During the Second World War, the Frith Street premises were destroyed by bombing and Madame Valerie subsequently re-established a new Patisserie Valerie café nearby on Old Compton Street, where her legacy continues to this day.

Risk Capital Partners, the London-based private equity firm, co-founded in 2001 by Luke Johnson and Ben Redmond, backed the acquisition of Patisserie Valerie in 2006. At the time it had eight sites in Central London. The company subsequently acquired Druckers - Vienna Patisserie in 2007, Baker & Spice in 2009, Flour Power City Bakery in 2013 and Philpotts in 2014.

(CAKE:AIM)

http://investors.patisserieholdings.co.uk/

14p (notional) spread at the moment!!"

RESULTS
Financial highlights
· Continued strong growth in revenue up 20.0% to £91.9m (2014: £76.6m)
· Gross profit of £71.0m up by 19.7% (2014: £59.3)
· Adjusted EBITDA of £18.8m up 22.9% (2014: £15.3m)
· Significant growth in adjusted pre-tax profit to £14.6m up 29.2% (2014: £11.3m)
· Underlying operating cash inflows of £18.3m, up 118% with net cash of £6.1m at the year end
· Online sales up 20% to £3.1m (2014: £2.6m)
· Average store payback period of 23 months ahead, of 24 month target
· Maiden final dividend of 1.67 pence per share proposed

Operational highlights
· Successful launch of "create-a-cake" and afternoon tea which generated revenue of £0.8m and £1.2m respectively
· 26 new stores opened in the last 14 months since the last reporting date all funded from operating cash flows
· 166 stores at end of year (2014:148)
· Continued Group expansion - First designer outlet store, second motorway service station and further rollout across highstreets and shopping centres
· Philpotts now fully integrated into the Group and now benefitting from the Group's purchasing power
· 20 new stores targeted for financial year 2016. Including a first store in Belfast and the rollout of the Baker and Spice brand

Luke Johnson, Executive Chairman, said
"We are pleased to announce another record year for the Group where we have delivered excellent financial results. We strengthened our team following our IPO on AIM and have seen the benefits this year with new ideas and products enhancing our brands' reach. We are well positioned for future organic growth and acquisitions and I am particularly pleased to be able to announce our maiden dividend. Our pipeline for new stores is strong and I am confident of another successful year ahead."

From my thread: Company results

CAKE

Another of those highly rated stocks, than when results come out and the growth is less than 10%, share price is decimated. At yesterday's price of 340p the share were on a PE of 30, that tells you all, as the dividend paid is much lower than expected also.

note: Basic earnings per share 11.41p ( 2014: 10.41p )

or just a case of a thinly traded stock and profit-taking after the news .... scarcely a rarity

the converse is of course FEVR which looks to be defying the odds and has done so consistently for months .... and of course my pet hate stock ASC which though barely 45% of its all-time high, has been steady to strong for a while now, having recovered from its september low of about 2500 to 3250

27 Nov Peel Hunt 362.00 Add
27 Nov Cantor... 385.00 Buy
27 Nov Canaccord... 345.00 Hold

Correct cynic, according to Shares the sp fall was down to profit taking. Just over 2% down at the end.

it's a stock that i'm trying to love but have failed so far but shall continue to monitor

On Tuesday, Patisserie Holdings PLC (CAKE:LSE) closed at 348.50, 1.83 % below its 52-week high of 355.00, set on Oct 27, 2015.

Patisserie Holdings PLC (CAKE:LSE) set a new 52-week high during today's trading session when it reached 370.00. Over this period, the share price is up 80.45%.

Patisserie Holdings PLC (CAKE:LSE) set a new 52-week high during today's trading.

SP Well above last broker price and well up with events . I'm out.

Peel Hunt note today:
"The shares have put in a stellar performance (+20%) since the full year results in November. At the time we moved to Add from Hold but the share price has now overshot our target price by some distance. We remain positive on management and the longterm prospects for the business. However, at 31x September 2016 earnings the short to medium-term multiple looks a little full. Therefore, we move back to a Hold and wouldn’t discourage some top slicing at this level.
A growing appreciation: In its relatively short life as a quoted company, Patisserie Holdings has managed to under promise and over deliver – something management deserve credit for. This, and a growing appreciation/awareness of the business, has helped to drive a significant rerating of the shares. However, the recent strong share price performance leaves the shares looking a little over valued in the short-term.
Valuation: A prospective PE of c31x to September 2016, falling to 27x in 2017, looks full for a business forecast to achieve 19% and 13% EPS growth respectively. Whilst Patisserie has a track record of over delivery, it is not by such magnitude that our numbers are likely to be materially beaten.
Long-term positive: It is possible that management may well use the multiple and strong balance sheet (net cash £14m FY16E) to acquire and further boost earnings. In addition, we remain confident in our forecasts and expect management to be able to deliver in FY16. Our base case model assumes 2% LFL growth and a disciplined rollout of c20 Patisserie Valerie stores per annum achieving c20% growth in the current financial year. We continue to be positive on the business over the long-term and merely see the shares pausing for breath after such a strong run."

Up today off all days over 3.5% . Not a holder.

and it was down to 410 at start of day

Nice recovery underway.

08:50 12/08/2016
Broker Forecast - finnCap issues a broker note on Patisserie Holdings Plc

finnCap today upgrades its investment rating on Patisserie Holdings Plc (LON:CAKE) to buy (from hold) and left its price target at 350p. Story provided by StockMarketWire.com

Proactive investor - Patisserie Holdings PLC (LON:CAKE), up 6.8%. Old Mutual’s stake has fallen below 5% to 4.91%.

10:50 19/07/2017
Broker Forecast - Berenberg issues a broker note on Patisserie Holdings Plc
Berenberg today initiates coverage of Patisserie Holdings Plc (LON:CAKE) with a buy investment rating and price target of 400p. Story provided by StockMarketWire.com

Nice gains here and pleased to see my local branch always full at the weekends. Lots more growth to come.

Not good for the teeth, although lovely cakes. :-))