Patisserie Share Discussion Threads

[semper vigilans] 27/1/2019 10:27

Clock a couple of cars, flog ‘em, get caught and get banged up.
How is this different?

[ntv] 27/1/2019 10:23

Our roadshow is the culmination of months of preparation. Accountants and lawyers have been crawling all over our books, producing reams of detailed documents. There are rooms full of contracts, verification papers, warranties, indemnities, leases, health warnings and who knows what else. An analyst has carried out a 50-page study of our company. Public relations agents have been discussing our merits with the media. The whole circus costs a fortune in fees but is, I suppose, necessary if a company wants to list on a reputable exchange.


I know nothing just doesn't wash

[ntv] 27/1/2019 10:13

with ficticous history 2 . can you believe him. I don;t. keep digging toooo
he new what the profits were in 2006 so HMRC and SFO should go all the way back. You know everything as a director when you have that size shareholding before flotation.
Read the header on the thread SFO and put all the directors in Gaol where they all belong.
£580m to nil
If they were armed robbers their assets would be seized at sold at public auction along with bank accounts and relations bank accounts.
No apparently this is different as it it is daylight robbery

[konradpuss] 27/1/2019 09:48

According to the BBC the company even got the history incorrect about the location of the first shop in Soho and there is doubt about the existence of Madame Valerie!

You could not write it - but LJ or an underling of his did.

[owenski] 27/1/2019 08:09

He wouldn't respond to the likes of us, we are scum compared to his exulted cakeiness

[chinahere] 26/1/2019 20:45

It's all two much.

[konradpuss] 26/1/2019 20:27

Now did you see what I did there?

To regular!

I am another illiterate who LJ would now not give the time of day too.

[kemche] 26/1/2019 20:06

He was, and no doubt still is, his own biggest No 1 fan.

That's enough about you, lets talk about how truly great I am.

[owenski] 26/1/2019 20:00

Arrogance and self puffery always leads to a delicious and deserved fall from height.

[konradpuss] 26/1/2019 19:58

I wonder what LJ is doing tonight?

He is from my interaction with him a man without a 'rear view mirror' although I think the powers that be will have some questions for him.

I know it's hindsight however all the numbers just looked to regular. A bit like the Madoff 11% return every year.

[pvb] 26/1/2019 19:35

Well, you could possibly email him again, pointing out he appears to be financially illiterate!

But I expect his mailbox is a trifle overcrowded at present.

[nico115] 26/1/2019 19:09

He once sent me an email and said "why should I reply to you as you are illiterate"?!I spelt "too" instead of "to"That's arrogance no?Karma!! And he was paid millions to read a balance sheet and spot fraud!!

[nobilis] 26/1/2019 18:02

L Johnson has Gone from Anchor to wnkr as Alan Sugar would say

[opodio] 26/1/2019 18:00

hxxps://www.lukejohnson.org/

Doesnt work
Funny that

[diku] 26/1/2019 18:00

You no eating Halal?..

[safman] 26/1/2019 17:06

I saw this video a few days back...

As I said prior, there are a lot questions yet to be answered by the management at all levels..

saffy...

[jotoha2] 26/1/2019 17:05

£600,000 pa average sales per unit is total Bolox , average Cake / deli sales in the uk is around £220,000 , so it was a scam from day one.

[edmondj] 26/1/2019 15:47

The 15%+ margins were manifest in the flotation prospectus; the 'Behind the Balance Sheet' guy on Radio Four today was saying this was an obvious red flag but neither he nor the institutions buying in or any stockbroking analysts seemed in the slightest bothered until the blow-up.

[pugugly] 26/1/2019 10:45

How are the mighty fallen
May already have been posted as published Dec 30th

but worthwhile re-reading as Pride goes before destruction.

[masurenguy] 26/1/2019 00:44

Has Johnson had his cake and eaten it?
Mr Johnson may be a victim of the alleged fraud. But, if he is, he is not a typical fraud victim: his Pat Val experience has left him at least £20 million, and possibly £30 million better off, given the money he’s taken out of the business since 2014’s float. So how was he so easily fooled by something as simple as cake shops: a cash business with little inventory?

Allegedly, the fraud included secret bank overdrafts with HSBC and Barclays. But what about the stuff he did see? Take Pat Val’s operating margins. Didn’t a man who’d led the Pizza Express, Strada and Belgo restaurant chains query how his cake shops were running at 15%+ margins, while other food and drink rivals, such as Greggs, Wetherspoons and The Restaurant Group, could only manage about 8%? Or, as FT Alphaville pointed out, didn’t he think average annual sales per café looked a bit odd? It stayed uncannily the same at £600,000 for 5 years, despite changing economic weather and the expansion of the chain from 128 to 192 stores. Mr Johnson, who’s hardly been forthcoming so far, still has plenty of questions to answer. It’s anything but business as usual for him.

[tradejunkie2] 25/1/2019 22:44

That's why l love these car crashes as you learn so much typical for AIM shares.

[sikhthetech] 25/1/2019 12:55

9th Oct - rns Bod become aware of significant fraud..

10th Oct - rns -

BoD becomes aware 'today' of Wind up order 14th Sept..




11th Oct- Need for immediate injection of capital...

11th Oct - Stonebeach - Satisfaction Of Charge


12 Oct - Proposed Placing..

12 Oct - result of placing...

[still waiting] 25/1/2019 12:52

the more that's coming out shows how rotten to the core this all is...

disgraceful all round...

[chinahere] 25/1/2019 12:45

But how much after 11th October?