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CAKE Patisserie

429.50
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Patisserie LSE:CAKE London Ordinary Share GB00BM4NV504 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 429.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 429.50 GBX

Patisserie (CAKE) Latest News

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Patisserie (CAKE) Discussions and Chat

Patisserie Forums and Chat

Date Time Title Posts
24/12/202320:38Patisserie Holdings Plc Ord 1p3,327
23/12/202120:22Luke Johnsons fortune reduced to a toilet cubicle in Abergavenny3
21/5/201820:15London packed with tourists eating CAKE25
19/5/201708:01Patisserie Holdings plc1
18/5/201719:30Patisserie Holdings plc-

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Patisserie (CAKE) Most Recent Trades

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Patisserie (CAKE) Top Chat Posts

Top Posts
Posted at 21/7/2022 15:41 by lefrene
I notice the Pat Val in Norwich has just closed down, not that it has anything to do with Luke or CAKE any more. I guess the format doesn't compete very well with all the other coffee and cake options available in Norwich.
Posted at 29/6/2022 15:18 by lefrene
Yes Accountants. Mine insisted I came to see him in his office as he had something far too important to say to me, that he couldn't tell me over the phone. So I lost half a day, and rather worried made the trip to see him. After much preamble and pursing of lips and fingertips pressed in the classic praying position, with great sagacity he told me, "Now you see you really must pay your staff monthly (I had built up an industrial worker employee agency), monthly, you would save so much money".

I was stunned, "Is that what you have dragged me over here to tell me?" said I in a somewhat annoyed and incredulous tone. I quickly informed the fine gentleman that my workforce would vanish overnight if I tried to put them on monthly pay. Their lives were such that their maximum time horizon is about 10 days, they trust absolutely no one, and they barely get from week to week. They don't have expense accounts, free cars and a nice inherited home to cushion them from the realities of the world. I demanded and got a 10% reduction in his next bill. There would be no charge for his education!

Yes there is one heck of a gap in many accountants grasp of the actualities of the real world.

My biggest regret is that I didn't short the hell out of CAKE as soon as I realised that they were pretending to be taking £200 an hour every trading hour (9 to 5) at every outlet, 6 days a week. I sat in about 5 or 6 of their outlets across the West Midlands and realised they were getting probably at very best one third of that.

But it looks like Teflon Luke is going to come up smelling of roses. The article is on the front page of Sunday's Telegraph business section. Essentially the auditors asleep at the wheel, and sending the children out to check on a couple of central London outlets as 'due diligence'!
Posted at 29/6/2022 13:10 by lefrene
I notice an article in last Sunday's Telegraph, Teflon Luke might be in for up to a £20 million share of the compensation from the auditors!!!

Erm his separate cake factory business was supplying the shops, it's impossible for him not to know that the shops were selling nothing like the declared turnover.

Never was a business so blatantly awry. Very simple arithmetic indicated that to meet the declared annual turnover, every single shop had to be taking £200 an hour 6 days a week. Walking into any shop in the country (except perhaps one or two in the West End of London), would instantly tell you that the turnover figure was an outright lie.
Posted at 28/9/2021 10:25 by meijiman
Johnson has been badly let down by incompetent underlings. To recompense him for all this bother he must be immediately gonged up IMO. Step forward Lord Johnson of Cake.
Posted at 27/9/2021 15:19 by lefrene
PUGUGLY, there are too few auditors businesses of substance, so the whole thing just gets too cozy. The auditors charge a very high price but often leave the real work to the juniors, last years crop from college, while hob-nobbing with the company directors. One gets the impression that blind-eyes are turned when it suits both parties. All this has been known for decades but nothing seems to have changed.

I feel for those who lost money on CAKE, heavens knows I've been taken for large sums by directors being economical with the truth. However with CAKE I noticed that for their turnover figures to stack up, every single outlet would have to average takings of £200 every hour all the working day 6 days a week. A glance in a handful of their outlets in county towns, made it obvious the outlets were probably taking a small fraction of what was claimed. However Luke plainly has friends in the right places, he seems to have walked away unscathed.
Posted at 03/7/2021 16:32 by topvest
At the end of the day it was the directors that perpetrated the fraud. Why is the MD and FD not serving time ?
The auditors were conned like everyone else. I didn’t see anyone calling out CAKEs ridiculous financials when everything was going “well”. GT will no doubt be reprimanded for being taken in with a false set of books, but shareholders are not due all their money back from GT in my view as they are only liable for a proportionate share of the loss.
Shareholders have themselves to blame for their poor investment decision and the ridiculous assumption that CAKE was more profitable than Starbucks, Costa Coffee and Pret. Even analysts were asleep at the wheel and just as incompetent as everyone else in this very unfortunate situation.
Here speaks a person that believes that shareholders should be accountable for their own mistakes and not expect to get their money back.
Posted at 01/7/2021 08:12 by meijiman
Except teflon Johnson who will be given a Lordship...Lord Johnson of Cake
Posted at 24/5/2021 14:47 by gustavfenk
The SFO has recently been in touch with registered shareholders of Patisserie Valerie (CAKE). But if, like most shareholders, your shares were held in a nominee account, they probably won’t have been able to contact you.
They are asking for shareholders to complete a questionnaire to assist them with their enquiries into allegations of fraud at that company. You can find full details and the questionnaire here.

hxxps://www.sfo.gov.uk/cases/patisserie-holdings-plc/
Posted at 09/1/2021 06:32 by thomasearnshaw
Grant Thornton is being sued for £200m by the liquidators of Patisserie Valerie after the cake shop chain collapsed following suspected fraud.

Liquidators FRP Advisory said Grant Thornton was negligent in the preparation and conduct of 2014 to 2017 financial statements.



Luke has plenty of assets too to take imho
Posted at 22/11/2020 20:47 by lefrene
It'll be the little guys as always that take the rap. But all you had to do was look at the numbers and check out a few shops, any fool could see that they were not averaging £200 an hour every working hour of the week across all locations. But then these are beancounters not business people. Meanwhile Teflon Luke seems to live a charmed life, despite owning the bakeries that supplied the cake shops. It's beyond credibility that his bakeries did not know the true level of sales in those shops.
Patisserie share price data is direct from the London Stock Exchange

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