FishWorks Share Discussion Threads

[barn owl] 31/1/2007 15:58

The fish has now been battered and is ready for frying.

[volsung] 31/1/2007 15:55

Are they just codding?

[tom.muir] 31/1/2007 15:54

no - they been filleted.

[orange1] 31/1/2007 15:50

Have the shareholders been well and truely kippered though?

[wiganer] 31/1/2007 13:47

In fact it could be red herring.

[tom.muir] 31/1/2007 13:46

The F.D going isn't the sole reason

[drunker50] 31/1/2007 13:43

The share price is looking a bit flatty.

[wiganer] 31/1/2007 12:53

FD was there less than a year I believe...

[bigboyo] 31/1/2007 12:51

when fd resigns -- that is serious - he obviously did not want to be associated with the fish going down the chip pan (or company going swanny !)

[wiganer] 31/1/2007 10:17

Yes, topped up on BRST about 14p I think, mind you, my first purchase was 30p+ so that wasn't too clever. Still, ended up making a few quid. I know we've exchanged differing views on that one, but I do always find your posts interesting.

Regarding buying FSH sites- if you're serious I'd recommend you look at the Islington one near the Business Design Centre. The missus works in the BDC and so I can testify that the area is heaving in the evenings with folk wanting to eat out. Lots of restaurants around, but still most places are packed in the evenings, and there's also a decent number of folks wanting to eat out at lunchtime. Not sure Fishworks has been making the most of its location though, when we walked past them, one of their staff was loitering outside in a fish-smeared pinny and we found somewhere more salubrious.

[tiredoldbroker] 31/1/2007 10:09

Wiganer, without wanting to hijack this thread, must say I hadn't looked at BRST for a few weeks - your recent purchases are making you money I hope ? Didn't you top up at around 14p ? If so, good move.

BTW I will be talking to a client today about possibly moving in to try to buy one or more FSH sites, particularly if they go into administration.

[utsushi] 30/1/2007 21:43

fishy management have lost a prize catch...i could carp on all day about a lost opportunity!

[orange1] 30/1/2007 18:40

That Mitchell Tonks. Comes across like a pleasant, level-headed guy:

[paraiso] 30/1/2007 16:10

See previous postings

Regular change of Auditors Who wouldnt sign what ?

Ceo with very chequered business hisory and a huge ego.

Why did they buy their main supplier instead of concentrating on running the retail unuts ? Cosy deal ?

[tonyx] 30/1/2007 14:48

What do you call a fish with no eye?


































FSH!

[wiganer] 30/1/2007 14:45

You can have 10p from my BRST trading profits ;-)

[tiredoldbroker] 30/1/2007 14:44

I don't think the management could hake it.... a bunch or (aaahhh) soles.... maybe they just weren't herring the right advice.... I hear that they were in trouble on the radio - well, actually, my tuna... I could lend them a few squid....

How much will you pay me to stop ?

[wiganer] 30/1/2007 14:41

doddy
You may well be right. The balance sheet is horrible.

[orange1] 30/1/2007 14:39

Careful, don't get your (fish) fingers burnt.

[dodddy] 30/1/2007 14:31

>tiredoldbroker, i was also short fish plc. amazing similarities

[bumpy dog [new]] 30/1/2007 13:35

I've no position in this share, and am just looking at this thread out of curiosity (post-mortems can be quite instructional). But it's well worth reading for tiredoldbroker's posts alone, as they they are most insightful.

[tiredoldbroker] 30/1/2007 13:23

You know, it may make me seem pushy to say I told you so.... but d'you know something? I told you so.

Dodgy business model, and a worhty successor to Tony Allen's quoted restaurant company, Fish plc, which went stunningly bankrupt a few years back.

[dodddy] 30/1/2007 12:35

inept management defies belief


RNS Number:3650Q
FishWorks plc
30 January 2007


FishWorks plc ("the Company" or "the Group")

FishWorks announces that its Finance Director, Ratnesh Bagdai has resigned with
immediate effect.

The Company also announces that it will tomorrow send its annual report and
accounts to shareholders. Included in this report the Company's auditors have
included an emphasis of matter statement as to the Group's ability to continue
as a going concern, as follows :

"The Directors continually monitor the financial position of the Group, taking
into account the latest cash flow forecasts and the Group's available
facilities. The Directors are in discussions currently with their bankers, and
although there must remain a material uncertainty until committed facilities are
finalised, the Directors are confident of the bank's future support. The
Directors are also in the process of seeking further investment capital into the
business. Consequently, the Directors consider it appropriate to prepare the
accounts on the going concern basis."

The Board are in discussions with various parties to secure the financial future
of the business and will update shareholders with developments.

[dodddy] 30/1/2007 12:34

no surprise here, management were crowing that things were looking up a week ago. these guys are inept to put it mildly. im staying short banks will pull the plug soon

Fishworks Accounts and Funding


RNS Number:3650Q
FishWorks plc
30 January 2007


FishWorks plc ("the Company" or "the Group")

FishWorks announces that its Finance Director, Ratnesh Bagdai has resigned with
immediate effect.

The Company also announces that it will tomorrow send its annual report and
accounts to shareholders. Included in this report the Company's auditors have
included an emphasis of matter statement as to the Group's ability to continue
as a going concern, as follows :

"The Directors continually monitor the financial position of the Group, taking
into account the latest cash flow forecasts and the Group's available
facilities. The Directors are in discussions currently with their bankers, and
although there must remain a material uncertainty until committed facilities are
finalised, the Directors are confident of the bank's future support. The
Directors are also in the process of seeking further investment capital into the
business. Consequently, the Directors consider it appropriate to prepare the
accounts on the going concern basis."

The Board are in discussions with various parties to secure the financial future
of the business and will update shareholders with developments.

[wiganer] 30/1/2007 12:23

Joking aside, how could anyone have seriously thought these were worth 50p at that stage in their business development?