Bakery Services Share Discussion Threads

[clocktower] 02/1/2008 14:53

waxman3,

Some of the matters you raise should be put to the board regarding the professional valuation of Inbake.

As for investors not caring, this happens it seems on a regular basis with small AIM companies as dilution takes it`s toll time and time again as does de-listing. Often, these matters are out of the hands of small stakeholders even though in many cases they are the majority in numbers.

[montyhedge] 02/1/2008 14:47

20 million change hands the other day, another 5 million today, the cheapest cleanest shell on the market, this could be a 10 bagger for 2008 if used as a shell.

[waxman3] 02/1/2008 10:44

Shareholders were specifically informed years ago that BKE was to create shareholder value--they have not they have dilluted it and ome so with an enviable style to boot.

[waxman3] 02/1/2008 10:15

Maybe some of you can help here as it looks to me that INBAKE was hived off at under its true value.

Was there ever a professional valuation done on Inbake before it was given to Mr Bently?

Or dont the shareholders care

[cwem] 01/1/2008 22:06

More claret please, Smelgy

:-)

[waxman3] 01/1/2008 20:06

YOU ARE OF COURSE ENTITLED TO YOUR OPINION

180 MILLION SHARE IS REALLY PEANUTS AND IF THE OLD BOARD REMAINS, I AM HAPPY TO SAY I WOULD NOT TOUCH IT WITH YOURS.

THIS COMPANY HAS BEEN PLUNDERED FOR YEARS FULL STOP.

WHO NEEDS IT.

[cwem] 01/1/2008 18:43

Waxman -

Not joking. I agree that the business doesn't appear to have been managed very well and some poor decisions have been made - the Don Millar Eating Experience (!) and there was a dispute about a lease. Possibly this was due to RWs penchant for moving onto his next project but not being able to let go of key decision making positions within the businesses he's moved on from. I'm not sure if this is still the case but he stayed on as finance director at BKE, way after he'd shifted his attentions to COH. Not what I'd like to see in a business.

However, that's now history. BKE is now a clean shell, any future liabilities have been taken over by the new directors of Inbake/Don Millars and RWs attention is back on the ball. Not only that but someone thinks there's enough mileage in this to stump up for 180 million shares.

I may well be wrong on this, it is a punt after all, but I think I'm a lot less wrong than you seem to think...

Anyway, time will tell and in 6 months at the outside, we will know all.

Happy and profitable New year

[montyhedge] 01/1/2008 17:08

20 million shares changed hands, looks like this could be a punt, clean shell?

[waxman3] 01/1/2008 09:47

you must be joking, years of excuses of poor trading condition and loss making.

Be pratical no director, or indeed any sensible person, would buy a hopeless case as Bently did. At least the BKE annual accounts always claim trading conditions to be too difficult to male ny money.

I am betting that Inbake goes on to be profitable from now on.

It seems to me that BKE has been milked dry over the past ten years and you are living in dreamland of proposed shareholder value.

I suggest with respect all round that the past history of BKE is its path into the future.

[cwem] 01/1/2008 01:31

Waxman - 'Obviously you need more BKE'

Strangely enough, that's what I was considering, once the dust has settled from the new share issue. It's speculative, I admit, but RW does seem to be doing something.

The other directors have effectively been bought out, the jobs of people in the bakery business have been secured (subject to future performance) and perhaps the bakery business will survive if it's free from the constraints of being a listed company. There's no doubt that some poor decisions have been made but, as a director, he's probably made the best decision, now, for the future of the business.

RW has repeatedly said that he was also looking to increase shareholder value and, given a rather bad situation, that is what he now appears to be trying to do. An AIM shell with several large shareholders, one of whom might be linked with the new share issue and any reverse takeover. He's got a well respected firm in on whatever is going on (interestingly the lead partner is Head of Media) and things have finally started to move.

Which direction the share price will go? Who knows? But I'm betting, in a small, managed risk sort of way, that it will eventually go up.

Happy New Year

[pedrojack] 31/12/2007 15:00

Never held these shares but what an awful deal for the shareholders...Cannot believe the shareholders have let this dreadful board of directors do this to their company...One of many reasons why I sold my holding in COH at 42pence...

[waxman3] 31/12/2007 09:06

make your directors wealthy in the New Year buy companies like BKE.

[waxman3] 31/12/2007 08:51

Obviously you need more BKE.

[cwem] 30/12/2007 21:15

Your very good health.

And a toast - to Nicola, David and Siobhan at Smith and Williamson. Do a good job please, my portfolio will thank you.

[smelgy] 30/12/2007 21:01

.........Hic!

[cwem] 30/12/2007 20:37

Why, thank you Waxman.

What a lovely sentiment.

Smelgy... pass the claret

[waxman3] 30/12/2007 20:25

Just as I figured you all got what you want and really deserve.

[cwem] 30/12/2007 20:01

Oh, I don't know. Since I took the plunge and became demdisableded, I find I love myself more and have found a sense of inner peace.

Thank you BKE :-)

[waxman3] 30/12/2007 12:10

Please allow me to continue to puke a while longer. While I figure out who deserves each the most the shareholders or the directors or vice versa


Someone is absolutely crackers here and I know it aint me, take about talking candy off a baby and casting pearls before swine.

I guess I have seen it all now.

And on top of it more shares floated???????

[growthhunter] 30/12/2007 11:16

waxman3 - 29 Dec'07 - 12:43 - 241 of 248


Let me leave this deradful BB by wishing the shareholders and directors of BKE all the best as they have clearly demdisableded, that there really is little or no point in working hard and productively in the UK today...when you can get money for jam, constant cash calls and the support of shareholders to boot.

But I have said all I want on this topic.

NOT !!!!

....thought you were gone David

[waxman3] 30/12/2007 10:02

Someone is absolutely crackers here and I know it aint me, take about talking candy off a baby and casting pearls before swine.

I guess I have seen it all now.

And on top of it more shares floated???????

[cwem] 30/12/2007 02:46

Well, I've only just finished my first bottle of wine so I will console myself with having the greater virtue, or possibly the less well stocked cellar ...

[smelgy] 30/12/2007 02:38

..Cwem - I'm on to my 3rd bottle of claret as we speak! Hic!

[cwem] 30/12/2007 00:55

Smelgy - Hope that's a road you never have to travel