Regency View:

TAKE PROFITS Cake Box (CBOX)

Close Cake Box (CBOX) at 173p

Our original investment thesis on Cake Box centered on the stock being too cheap to ignore. When we published our initial buy recommendation back in November 2022 the stock was unloved languishing near long-term lows.

Since then, Cake Box have delivered several sets of market-beating results – propelling the shares to 3-year highs. However, with Cake Box’s valuation no longer at bargain basement levels, and the shares failing to break above resistance on multiple occasions, we are going to crystalise our profits.  

Profit = +60.7% (inc dividends)

CBOX Daily Candle Chart