Patisserie Share Discussion Threads

[zibrahimovic] 22/1/2019 19:59

FRR is the share to be in. Pop over to LSE website and see why

[snoopy12] 22/1/2019 19:49

Well it's back to Mr Kipling.New legislation should come in place whereby it is compulsory for the auditors to be rotated every two years not for the auditors to become part of the family.
Grant Thornton are auditors to Sports direct when nobody else wanted to tender for the audit we all know why.
Sorry for the folks invested here.

[zibrahimovic] 22/1/2019 19:37

They should come visit me on LSE, im the pro over there.

[pugugly] 22/1/2019 19:34

Zib -Careful some idiot might believe you !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[smurfy2001] 22/1/2019 19:33

Another quality AIM story

[zibrahimovic] 22/1/2019 19:33

Suckers, you should have bought FRR, best share in AiM.

[pugugly] 22/1/2019 19:21

NY Boy - But even FTSE international stocks can delive nasty shocks eg: BARC -RDSB - Imperial Tobacco - BATS - etc - If timing is not right a 50% haircut is not unknown.

[verulamium] 22/1/2019 19:21

I think Madame Valerie will be undisturbed...she did so much turning over the state of the industrial cakes under LJ's stewardship she'll be glad that her good name is no longer tarnished. Sorry for the staff and shareholders, a certain amount of delight at the fate of LJ.

[pugugly] 22/1/2019 19:17

What a swift fall from the Hall of Fame to the Hall of Shame – Could the picture caption say
“He believed he could walk on water.”

[ny boy] 22/1/2019 19:13

Big money to be made by Companies from the receiver, shocking state of affairs, makes it difficult for investors , like where is safe these days to invest if a company like this can go bust.

I would think Madame Valerie would be turning in her grave following the demise of her once iconic patisserie.

I stick mostly to multi nationals with a reasonable dividend but take the view out of every 10 aim stocks 7 will probably go bust and you need 2/3 to make some big returns to make up for the rest! But only allocate 10-20% of your portfolio to AIM and trade a few along the way

[diku] 22/1/2019 19:10

Tell me how much did the Finance Director earn in 2018?...what exactly is his job description?...

[nobbygnome] 22/1/2019 19:02

LJ is clearly stupid...but surely not as stupid as to condone/turn a blind eye to this fraud which has been going on for years. My guess is LJ has been grossly incompetent not fraudulent.....

[sikhthetech] 22/1/2019 18:51

not necessarily all.. there should be some paper trail which the banks and GT will have...

[phowdo] 22/1/2019 18:48

As said before, the CFO will be the patsy.
Any evidence incriminating anyone else will have been in the shredder months ago.

[jotoha2] 22/1/2019 18:42

I think what JC is saying is that the average cafe / cake shop makes modest profits , just like CAKE , they of course massaged the figures , and LJ has been shown to be a right idiot in not seeing what was going on , now some will say he was involved in the scam , lets see what the forensic report comes up with !!

[sikhthetech] 22/1/2019 18:42

agree with Nobby, LJ only put in a tiny amount compared to what he's gained here and elsewhere...
A loan to the company for Jan wages was probably to try and save face...He's reputation is tarnished...
I'd liked to see him look into the eyes of the staff and apologise with a straight face..

[joe king1] 22/1/2019 18:41

Well, thats another AiMer into the history books.

FRR will be next, within 2 days time.

[papillon] 22/1/2019 18:32

I didn't know Carillon, Northern Rock, Halifax Bank of Scotland, to name but a few were AIM listed companies, diku. LOL. However many AIM listed companies are pure fantasises (CTAG, MTV, CICC, BNN to name but a few) whilst some are downright frauds. It appears CAKE was in that category.

[toyin] 22/1/2019 18:32

What, you mean like Starbucks!

[johncasey] 22/1/2019 18:27

never understood how a cake cafe in shopping malls can get listed on the stockmarket...ffs some gullible people out there

[barnetpeter] 22/1/2019 18:23

70 stores to close tomorrow it seems.

[diku] 22/1/2019 18:17

Joe public Investors should stop putting money directly or indirectly via fundies into AIM companies...let the entire AIM collapse own its own accord...enough is enough....I say pay the staff 3 months minimum salary so they can find alternative employment...make the Directors pay for it...

[sandy133] 22/1/2019 18:14

I am not a shareholder.However I have been a significant shareholder in hospitality companies in the past.
I do suspect that in this case Grant Thornton do have a lot to answer for,I do not know if they did the Financial Reporting prior to admission but somewhere in that document is a significant section relating to financial controls.It now appears that there were none.
Also they appear to have signed off a number of years accounts which have been almost entirely bogus.
I suspect that KPMG have by now quite lot of information which would be used in any action against GT.What is essential that shareholders and other stakeholders support KPMG so that they can pursue matters.
In the case of OEM(fully listed by the way) RSM discovered that Directors had disappeared about £20 million but working on a contingency basis they were unable to nail the Directors to the floor.They did get all their fees paid and more but not £20 million.

[barnetpeter] 22/1/2019 18:10

I bet we dont get the truth about this. In administration and all gone. They will all blame each other and the authorities wont want too much info out there otherwise it will put people off investing in shares. Auditors will claim they could not have known, administrators will stop spending money on the old accounts, police dont have resources, LJ will move on .....

[castleford tiger] 22/1/2019 18:08

Was it really worth £580mln mcap?...or just the way casino markets are set up...




Still Waiting
22 Jan '19 - 17:47 - 2665 of 2673
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From £580m mcap to zero in a little over 2 months !! That has to be a record only surpassed by Northern rock I think.

THINK CVR was up to about 700m.

caught me
Tiger