Bakery Services Share Discussion Threads

[lord c.] 10/12/2007 15:17

Now received and read the circular thoroughly.To sell both businesses for £50k to two of the directors is imo breathtaking in it's audacity.....and I agree with waxman, imo it cannot be in the shareholder's best interests.
I shall be voting against the sale and would urge all other shareholders to do the same.

[waxman3] 09/12/2007 16:38

Safeman

You say---and yet the operating subsiduries are sold for 50K.. i think we can safely assume that the entire BKE board are not to be trusted again in the future..

saffy..

Doing some research on BKE/COH it would appear also that it was never the intention to let COH go either. It would appear that there has always been an intention to deplete the assets of BKE and this last sell off certainly does not have the mark of the shareholders best interests.

However, its only you the shareholders can resolve this, as BB chat is like a fart in the wind.

[growthhunter] 05/12/2007 20:23

ok Jim. thanks for that advice

[waxman3] 05/12/2007 19:22

I think someone has been trying to tell you that for quite a few years!

It would appear to be up to the shareholders whether or not you let this just slip out of your hands.

[safman] 05/12/2007 18:28

LONDON (Thomson Financial) - Bakery Services PLC said it is selling its
operating units Inbake Ltd and Don Millers Ltd to its chief executive Keith
Bentley and commercial director David Drury for 50,000 stg in cash.
The company also said it will invest in or acquire one or more businesses
operating in the business process outsourcing sector within the UK, adding that
it has conditionally raised 225,000 stg before expenses by placing 180 mln
shares at 0.125 pence each.
Inbake reported a pretax profit of 51,873 stg for the full-year to March
2007, while Don Millers has posted pretax losses for the past three financial
years.

and yet the operating subsiduries are sold for 50K.. i think we can safely assume that the entire BKE board are not to be trusted again in the future..

saffy..

[waxman3] 05/12/2007 16:29

Hardly old chap Waxmam was not 3 on iii. I think he was just waxman or waxman 1

But after this news I wish that I was he. What a call undounting for years and spot on about both BKE and COH.

Anyway to the business at hand.

This sale, should it not go to an AGM??

Also why let the directors have the cream, surley it should also be offered to the shareholders as well.

What happens now must be in the hands of the shareholders.

[growthhunter] 05/12/2007 16:08

waxman 3 is Jim
your old iii identity.....welcome back waxy

[safman] 05/12/2007 16:03

disappointing to say the least..

saffy..

[waxman3] 05/12/2007 15:31

Frankly ou have all been warned more than enough times about the set up.

I am not going to comment as Jim has done a great job, to date.

What I would say is that no-one shells out 50 grand on something they dont think will work.

So obvious Inbake will work!

Why then did not the directors make it work for the shareholders, they had long enough in order to do so.

I read one post here also which said that the directors were actively seeking shareholder value. This does not seem like that to me.

What do you think Jim, as it looks as if you have been right all along.

[lord c.] 05/12/2007 14:44

This looks like a very very poor deal for shareholders.
Outgoing business going for a song - £50k!!! for breakeven t/o of £3.2m and at huge discount to asset value.
Placing of new shares at give away price. Limited cash raised will soon get eaten up.
Need to read carefully but first glance looks as if the option to delist is by far the best choice for existing shareholders.At least they will still own a company which will after making savings of circa £100k+ pa have the chance to make a profit at long last.

[monis] 05/12/2007 13:45

All change...

[jon389] 01/12/2007 07:30

Jim mate please keep comming on here if only to give some of us a laugh.I love listeniung to your comments which i have to say i totally agree with.I have been following this share from the sidelines now since i sold my holding in late july and in my opinion its just dead money invested.

[safman] 26/11/2007 16:00

One of the ones in my penny share port that has'nt moved.. have'nt bothered e-mailing worthington, but may do so over the next few days..

saffy..

[jim_bently davis] 20/11/2007 08:44

BKE!! They are conning you all. The buiness is so poorly run that I would be dreading the day that Bently wakes up, then he could be really dangerous to the lack of profits.

Anything with Worthington, Bently and Diggle involved in leave it well alone. Its run by them for them, the shareholders just provide the working capital.

[lord c.] 20/11/2007 08:04

Jim seems to be hitting a few raw spots. His remarks, albeit in his usual colourful prose,re COH coming off the boil seem to be on target.
His point above reminding us of the BKE board promise to 'create shareholder value' being a long time in coming, is also true and timely.
The BKE AGM was rushed forward by a couple of months presumably to pass the special resolutions enabling cash to be raised. Since then - nothing.

[jim_bently davis] 16/11/2007 15:48

This shareholder value that Worthington said he was creating, seems a long time in coming. It would appear that there are some suckers here still and Bentley still gets his £45 grand for sitting on his backside---but then he could say he was thinking about creating shareholder value, could he not!

[jim_bently davis] 07/11/2007 19:58

This shareholder value that Worthington said he was creating, seems a long time in coming. It would appear that there are some suckers here still and Bentley still gets his £45 grand for sitting on his backside---but then he could say he was thinking about creating shareholder value, could he not!

[jim_bently davis] 22/10/2007 18:07

BMW I have no time, and little inclination to listen to the ramblings of an out and out idiot---good night.

By the way I am not listed on the AIM.

[525bmw] 22/10/2007 18:05

Davis

You are the biggest loser on the AIM...LOLOLOLOL

[jim_bently davis] 22/10/2007 17:49

I dont think old, chap, that they institutionalise people in the UK for calling share price prices in the right direction.

You still in COH lololololololol seems to be heading in the direction I said it would.

[525bmw] 22/10/2007 17:46

Davis

You are a fcucking idiot and you should be institutionalised...

[jim_bently davis] 22/10/2007 17:39

yep dried out not touched the stuff for months and body tone starting to come back----caught the decline just in time---safe to say old Jim is back.

[growthhunter] 13/10/2007 11:59

dried out my r's