Patisserie Share Discussion Threads

[johnwise] 10/10/2018 08:38

Never bought into it, my local shop was never that busy , other side of the street the Costa had them queueing to spend money..

[muffinhead] 10/10/2018 08:33

A minute on the lips, a lifetime on the hips

hope the "fraud" not too bad

[clocktower] 10/10/2018 08:32

And what will the LSE do about it ? Private investors will suffer and take the greatest hit as usual I expect - while I bet those responsible for looking after investors interests will not have to return their salaries or any ill gotten gains from selling stock at what may turn out to be inflated values.

Just like all the bankers in 2008 that blamed the dealers - on the pretence they did not know what was going on.

[lbo] 10/10/2018 08:09

Warning were sounded elsewhere toohttps://www.telegraph.co.uk/business/2018/02/17/iss-urges-johnson-check-elegant-hotels-board/

[sweepie2] 10/10/2018 08:08

Shocking beyond disbelief, how many others are out there I wonder

[edmondj] 10/10/2018 08:04

Has looked 'over-priced CAKE' in all aspects for a good while, key questions really being how CEO's, auditors, non-execs on audit committees, collectively succeed to miss discrepancies until they becoming whopping. If fraud, is it really so difficult to detect? Plenty wider relevance e.g. at a time when vested interests of the oligopoly of British audit firms are being questioned:

A shake-up of audit's oligopoly is long overdue | Financial Times

2 Sep 2018 - Changes to accounting standards have reduced auditors to box-tickers. Conflicts of interest are rife, between firms and their clients and ...

[phowdo] 10/10/2018 07:59

CFO cashed in £millions in share options over last year.
Doubt he will be handing that back.

[cockneytrader] 10/10/2018 07:55

It all sounded a little bit too good! However, their strawberry slice is quite excellent. It's probably all that free coffee for a Barclays customers that done it ;-)

[danny baker] 10/10/2018 07:54

Crumbs that is a shocker of an announcement. Sympathies for all shareholders in this flaky enterprise. It shouldn't take too long to get to the soggy bottom of what's gone wrong as there is clearly a mismatch of expected cash and actual cash. Iced fingers crossed that it's not as bad as a £20 million black hole.

[che7win] 10/10/2018 07:50

Shocking, and P/E is at 23, it was already very highly rated.

[rolo7] 10/10/2018 07:38

Look at all those share options issues and then all sold for millions this year they knew there was no bun in the oven!

[melody9999] 10/10/2018 07:37

that is NOT a trading update

[funkmasterp12] 10/10/2018 07:32

RNS out, suspended.

[john09] 10/10/2018 07:28

Feel sorry for all holders. You’d better hope this is suspended before 8am. Sky news had the run on Afren and Gulf keystone news before the markets a few years ago it wasn’t hugely annoying

[manics] 10/10/2018 07:07

Doesn't look good that they apparently don't have the insight to ready a 7am RNS, imo.

[quepassa] 10/10/2018 06:26

astonishing.

[daveyjones2] 10/10/2018 06:16

This is going to be hard to swallow for all those investors. They've been cooking the books, and putting icing over the losses to cover them up.

The board meeting will be at gas mark 280 degrees, and members will be grilled accordingly.

What a bunch of doughnuts!!

Etc.

[nw99] 10/10/2018 06:14

Shocking news

[manics] 10/10/2018 06:10

...cooking the books at CAKE. You couldn't make it up.

[brianbadonde] 09/10/2018 22:23

CVR mark II

[brianbadonde] 09/10/2018 22:23

Ugh, horrible story GL all

[tallprawn] 09/10/2018 22:08

https://news.sky.com/story/patisserie-valerie-owner-faces-crisis-over-20m-accounting-hole-11522365Wow - This is going to be painful potentially. 7am isn't going to be pretty tomorrow if this is true.

[quepassa] 03/9/2018 11:56

For the record.

A month ago on 6th. August,

Peel Hunt issued a broker note and REITERATED their BUY RECOMMENDATION with TARGET PRICE of 500p.


ALL IMO. DYOR.
QP