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Cake Box Holdings (CBOX)

Share Price:
Down 168.00p
Change Today:
Market Cap:

Cake Box acquires warehouses in Bradford and Coventry

06 Mar 19

LONDON (ShareCast) - (Sharecast News) - Egg-free cakes retailer Cake Box has acquired the freeholds of two warehouse and distribution centres in Bradford and Coventry for £1.4m.
Cake Box believes the acquisition of the two warehouse and distribution centres, funded from existing cash resources, will help support its future growth, including new franchise store openings which it said were continuing strongly and in line with its plans.

The AIM-listed group also noted it intends to install some sponge production capability at its new centres, enabling Cake Box to reduce its distribution costs and provide a back up to its existing production facility in Enfield.

Elsewhere, Cake Box said it would provide investors with a trading update for the year ended 31 March in April.

As of 0840 GMT, Cake Box shares had picked up 0.96% to 158.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Market Data

Currency UK Pounds
Price 168.00p
Change Today -4.50p
52 Week High 181.50p
52 Week Low 139.00p
Volume 24,453
Shares Issued 40.00m
Market Cap 67.20m


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