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Patisserie Holdings Plc (CAKE)     

dreamcatcher - 30 Jan 2015 18:00



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/

Chart.aspx?Provider=EODIntra&Code=CAKE&SChart.aspx?Provider=EODIntra&Code=CAKE&S

dreamcatcher - 30 Jan 2015 19:05 - 4 of 108

Preliminary Results 26 November 2014

Financial highlights

· Continued strong growth in revenue (£76.6m), up 27.5%, and adjusted EBITDA (£15.3m), up 27.2%

· Significant growth in adjusted pre-tax profit (£11.3m), up 37.0%

· Strong balance sheet maintained with all long-term debt repaid during the year

· Operations remain strongly cash generative. Underlying operating cash inflows of £11.7m (pre-exceptional items), up 11.4%

· 100% increase in online sales to £2.6m (2013: £1.3m)

· Average store payback period of 23 months ahead of 24 month target



Operational highlights

· 19 new stores opened in the year (2013:19)

· Acquisition of Philpotts (Holdings) Limited in February 2014 which added 23 stores to the Group

· 148 stores at end of year (2013:108) made up of new openings and Philpott's acquisition

· Continued Group expansion - First motorway service station and retail park stores opened; and our first store in Wales

· 20 new stores targeted for 2015




http://www.moneyam.com/action/news/showArticle?id=4930224

dreamcatcher - 25 Feb 2015 16:27 - 5 of 108

25 Feb Canaccord... 280.00 Hold

dreamcatcher - 01 Apr 2015 15:42 - 6 of 108

1 Apr Cantor... 350.00 Buy

dreamcatcher - 15 May 2015 19:40 - 7 of 108

15 May Canaccord... 280.00 Hold

dreamcatcher - 20 May 2015 15:52 - 8 of 108

Half yearly report

dreamcatcher - 20 May 2015 15:54 - 9 of 108

Patisserie Holdings serves up tasty first half numbers

By Andrew Neil

May 20 2015, 11:50am
Shares in Patisserie Holdings have risen 47% in the past 12 months.
Shares in Patisserie Holdings have risen 47% in the past 12 months.


Shares in café and cake chain Patisserie Holdings (LON:CAKE) headed higher after the firm reported rising revenue and profit in its first half.

The owner of Patisserie Valerie, Baker & Spice and Philpotts, said pre-tax profits soared 45% to £7mln in the six months to 31 March.

New stores, winter menus and afternoon tea helped drive the figures, with total revenues climbing 22% to £44mln.

Takings from its 106 Patisserie Valerie outlets totalled £29mln, up 18.8% on last year’s first half. Voucher deals sold well, the firm added.

“Sales across all of the different formats in the group continue to perform well and our brand awareness continues to grow,” said executive chairman Luke Johnson.

“The group is well placed for a successful second half of the year and beyond."

Management reaffirmed their intention to offer a maiden dividend to be paid at the end of financial year ending 30 September 2015.

Johnson said he was confident that Patisserie would deliver another set of positive results in line with the board's expectations at the year end.

Shares have risen 47% in the past 12 months and added 12p today to reach 292p.

dreamcatcher - 20 May 2015 16:05 - 10 of 108

Upgraded from hold - 20 May Canaccord... 330.00 Buy

cynic - 21 May 2015 07:43 - 11 of 108

terrific results
confess to being a total muppet as back in january i declined to buy because i wasn't keen on the product, and at the same time admitted to holding DOM, which is assuredly crap :-)

dreamcatcher - 19 Jun 2015 18:17 - 12 of 108

Patisserie Holdings sell like hot cakes

http://www.iii.co.uk/articles/249693/insider%3A-patisserie-holdings-alliance-pharma

dreamcatcher - 30 Oct 2015 14:43 - 13 of 108

Patisserie Holdings PLC, the leading UK branded café and casual dining group, will be announcing its full year results for the 12 months ended 30 September 2015 on Friday 27 November 2015.


dreamcatcher - 26 Nov 2015 17:42 - 14 of 108

Results in the morning, should keep up the strong momentum of the first half.

dreamcatcher - 26 Nov 2015 22:14 - 15 of 108

Proactive investor - Patisserie Holdings (LON:CAKE), which only listed in May 2014, is one of those new fangled companies with a ticker-symbol – CAKE – that is more representative of its business than its name.

Full-year results are expected to see the café chain reveal a healthy increase in pre-tax profits of around £14.45mln from £10.41mln the year before, if the two brokers covering the stock are any judge.

Revenue is seen rising to £96.4mln from £76.6mln, and, as previously announced, the company plans to announce a maiden dividend, which brokers expect to be in the region of 3.15p.

cynic - 27 Nov 2015 08:32 - 16 of 108

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

cynic - 27 Nov 2015 08:35 - 17 of 108

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."

mentor - 27 Nov 2015 09:13 - 18 of 108

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 )

cynic - 27 Nov 2015 09:22 - 19 of 108

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

dreamcatcher - 27 Nov 2015 15:32 - 20 of 108

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

dreamcatcher - 27 Nov 2015 16:50 - 21 of 108

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

cynic - 28 Nov 2015 11:19 - 22 of 108

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

dreamcatcher - 01 Dec 2015 19:23 - 23 of 108

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.
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