Patisserie Share Discussion Threads

[pugugly] 25/6/2019 18:28

topvest - A slightly different take but same result - Possibly a man who thinks he can walk on water because of his wide experience in the fast food business (however he DID NOT found Pizza Express) - That was Peter Boizot whom I knew well and was on his attendee list for many of his London openings - Now there was a man who knew the hospitality business very well and was also profitable.

Possibly LJ believing his own hype took his eye of the detail - skated too fast on thin ice which being supported by nothing but bubbles cracked and dropped him in the effluent!! Result reputation ruined and red flags against any future entrepreneurial activity

PS TV - You have so far accumulated 3 red ticks - U must be annoying the LJ fan club by rubbing theri noses in it - well done.

[onjohn] 25/6/2019 18:06

Do you have that book on corporate fraud by Luke JR Johnson

[topvest] 25/6/2019 17:58

Agreed on giving LJ a wide birth. He stitched me and others up on Signature Restaurants. I think he is in category 2: reputation seriously damaged, but not a fraudster.

[millennial] 25/6/2019 06:28

has luke johnson read that book about fraud by.....errrr luke johnson

[dudishes] 25/6/2019 03:16

G'day,

Must admit bbms often gets it right. And having had a rather dodgy experience with Belgo (LJ) some years ago, I would recom that all investor agencies, newspapers etc, give LJ a very wide birth. If innocent (he has not been arrested, maybe why he jumped rather than fell out of the tree), but his innocence points towards his failure to get on the restaurant circuit for fame, he failed miserably, twice now. Big talk, little substance! Lots of us made mega bucks on totcom, we don't try to build a reputation, just crack on with our investments. Not Luke, he needs attention, not getting it.

[augustusgloop] 24/6/2019 23:22

hpcg

They were clearly more honest 30 years ago.

Look at the number of companies that go bust now because of frauds.

Auditors used to audit.

There was a chance of getting caught and sent to prison - everyone now knows that is very unlikely.

Banks behaved like banks - they did due diligence.

I remember Polly Peck - because it was unusual.
About 50% of all companies that ever listed on AIM could now meet that definition.

[bbmsionlypostafter] 24/6/2019 21:40

I can't see any way LJ did not know what was going on.

[konradpuss] 24/6/2019 21:33

yopvest, common sense to cross check the O/D's to the accounts. From memory the bank was HSBC which is/was used by L.J. much.

Why did the manager not ask/tell him (l.J.) your PLc wonder company has overdrafts?

It all looks so obvious NOW.

[diku] 24/6/2019 21:15

So how true was the IPO story then?...

[topvest] 24/6/2019 21:07

Yes, agreed. They all missed it. To have twice the operating margins of Pret, Costa Coffee and Starbucks in the UK was a plainly unbelievable stat. (for selling cakes and a pot of tea) that everyone that was in category 2 and 3, including LJ should have questioned. If something doesn't quite feel right, it probably isn't!

Take the bank for example. They were just as negligent for not spotting the fact that their overdrafts were not disclosed in a publicly listed company. Surely, common sense would suggest that a bank reads the annual report of its borrowers...obviously not in this case...probably more interested in doing meaningless money laundering checks and checking the passport of the dodgy FD!

[konradpuss] 24/6/2019 21:05

Johnson is very vain from memory when I came across him.

He will rise again me thinks.

The way he is opening Gail's outlets he will be floating that company soon - I think not!

[edmondj] 24/6/2019 20:50

"It was obvious" - but no-one whatsoever, in the bristling expansive hedge fund community scouring for short sales, took any disclosed position!

[onjohn] 24/6/2019 20:42

Loser Luke Johnson deleting any negative entries on his Wikipedia page

Just like loser boris Johnson neither can handle the heat

[topvest] 24/6/2019 18:53

Think some of the posts are excessive here, probably from those that lost money. In my opinion there are 3 categories of party involved here.

1. The fraudsters who knowingly manipulated an intricate and well orchestrated fraud. The FD and others.

2. The victims, that will suffer some element of blame for not spotting the fraud, when maybe they should have. Luke Johnson, the NEDs, the auditor, the bank and the NOMAD.

3. The victims, that have suffered a loss in their investment but should have spotted that the financials didn’t maybe stack up, given it was obvious.

Classes 2 and 3 are clearly negligent, but not fraudulent. Class 1 need to be sentenced. Class 2 have already ruined their careers and reputation. Class 3 have learnt a lesson.

[12bn] 24/6/2019 11:04

bbm is one of the biggest trolls around,click on his name and read his posts,the saddo is sick imo.

[bbmsionlypostafter] 24/6/2019 10:29

Members of staff at the Lincoln store and cafe were told on the morning of Monday June 24 that the business would be closing immediately.

[meijiman] 24/6/2019 09:52

Don't forget he was Executive chairman........

[konradpuss] 23/6/2019 23:00

Augustus, Sorry that does not hold water. The senior guy paying of the junior guys.

I really cannot call this one.

I think somehow they were taking money out.

[diku] 23/6/2019 22:52

All posts getting downticked...mole at play...

[onjohn] 23/6/2019 22:34

hxxps://www.lukejohnson.org/


still a blank page

[onjohn] 23/6/2019 22:26

Any of the auditors arrested?

[pugugly] 23/6/2019 18:27

Daily Mail new article just posted - More background details -



but no sign of an explantion as to why - Interesting read however -