Cake Box – appointment of a joint broker “with immediate effect”, now why might that be?
By Steve Moore | Tuesday 8 November 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Specialist retailer of fresh cream cakes Cake Box Holdings (CBOX) states that it “is pleased to announce the appointment of Liberum Capital Limited as joint corporate broker to the company with immediate effect”. With the shares currently down, to 108p, in response, why might the market not be pleased?
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