Loads of promise can it finally deliver?
Unusual results and updates covered here from several businesses with a reputation for inconsistency; can one in particular finally deliver to its band of retail supporters? Elsewhere, the Directors of another AIM company appear to have a great deal more confidence in its prospects than the rest of the stock market.
Cake Box: bargain basement or growth constrained? Cake Box Holdings (AIM:CBOX), the specialist retailer of fresh cream cakes, announced results for the six months ending 30 September 2022. While revenue rose 2% to £16.8m, trading in the first half was against a very strong comparative period last year and impacted by exceptionally hot weather in the summer, with pre-tax profit falling 45% to £2.0m. Once the summer holiday period finished, they began to see a recovery in sales, alongside the continued growth of their franchise store estate and the improvement in trading has continued into October. Cash flow was more…