A UK based cafe and casual dining company, offering cakes, pastries, snacks, meals, and hot and cold drinks across the UK, brands include Patisserie Valerie, Druckers, Baker & Spice, Flour Power and Philpotts.
27-Nov-2017 – 313.75p – £313.8m – PER 17.3
Preliminary Results For The 12 Months To End September 2017 – “Excellent financial results, achieving our targets in a challenging environment”.
For me these results look about right. Actually, if I had more faith in the high street I could be tempted here.
15-May-2018 – 433p – £441.4m – PER 22.4
Interim Results For The 6 Months To End March 2018 – Revenue of £60.5m up by 9.1% (2017: £55.5m), PBT of £11.1m up by 14.2% (2017: £9.7m), Diluted EPS of 8.92p up by 13.2% (2017: 7.88p) and the Interim Dividend is up 20% to 1.44p (2017: 1.20p).
Still remaining on the side-lines here, these results seem a little underwhelming, is the Dividend increase a sweetener? Perhaps.