Cake Box (#CBOX) – CEO sale of £10.5m of shares at 350p each
- 2021-11-25 07:54:26
Almost 13 months ago I observed about Cake Box (CBOX) that ‘all I have to do to complete my due diligence is…eat one of its cakes’. For a couple of reasons it did not happen, but the shares are up 4% today and up by more than 120% during the last year. That is far from shabby! But how do I feel now about the ‘Eggfree Cake’ company, where ‘having an egg free, fresh cream, celebration cake is as easy as 1,2… that’s it’?
A “Statement re Share Price Movement”-titled announcement from cakes retailer Cake Box Holdings (CBOX). That share price movement has recently been downward – from above 330p early this month to a last close 288p. With this statement also at an intra-day 10:49am, I somehow don’t expect it to be good news!...
Cake Box (CBOX) describes itself as a ‘specialist retailer of fresh cream cakes’ and has a store a few miles from where I live...not that I have troubled its doors. Whilst the company has traded positively since its 2018 IPO, the stock has had its issues above and beyond the high profile failure at Patisserie Valerie...
A “Director/PDMR Shareholding” announcement from Cake Box Holdings (CBOX) commences; “The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further details on the purchases”. The major transaction is though a director shares sale!...
Franchise cakes retailer Cake Box Holdings (CBOX) has updated including “by 1 June 2020, 131 of the 133 stores had reopened, offering a limited menu of products. In the last three months, since the reopening of the estate, trading has been very strong, with like-for-like sales growth of c.14.1% in franchise stores. Online sales continue to grow, up c.74% compared to the previous year three-month period” and a “decision to pay a special dividend of the same amount as the final dividend (3.2p per share) for the year ending 31 March 2020 that was withdrawn on 14 April” – and the shares have currently responded to above 180p, more than 5% higher...
Having IPO’d in 2018 at 108p per share emphasising “a franchise retailer of cakes… specialises in making high quality, individually-crafted and personalised fresh cream cakes”, Cake Box Holdings (CBOX) has now announced results for its year ended 31st March 2020 – and the shares have currently responded to 161.5p...
Newly-listed firm Cake Box (CBOX) has been making headlines, as its share price rocketed over 40% in the space of a few days since the company’s IPO last week. Meanwhile, speculation continues to mount over the specifics regarding Aston Martin’s expected IPO later in the year. With new listings making the news, we take a look this week at broker and tipster stances towards firms following their admission to the London Stock Exchange. Using IPO data going back to the beginning of 2015, we retrieved broker and tipster recommendations in the calendar year following each new listing. A “Buy” or “Risky Buy” rating is scored as a 5, a “Hold” rating as a 3 and a “Sell” or “Avoid” rating as a 1. The data throws up some interesting results, which are summarised in the two charts below.









