Patisserie Share Discussion Threads

[hvs] 13/10/2018 10:52

lol !!!!! Depends on your neck length. maybe more a pig . Grunt grunt grunt OINK OINK OINK

Where is the trough !!!!

[thegreatgeraldo] 13/10/2018 10:49

With you. So if I visit a zoo, I'm a Giraffe. It's all becoming clear now....

[hvs] 13/10/2018 10:46

Animal Spirits: Israel and its tribe of risk taking entrepreneurs

Luke Johnson


October 4 2015, 1:01am,
The Sunday Times


Israel is a world-class player in the fields of irrigation, cleantech, software and defence systems (Alamy)

Israel is a world-class player in the fields of irrigation, cleantech, software and defence systems (Alamy)


I RECENTLY spent some time in Israel. It is an astonishing country, buzzing with energy and confidence, a magnet for talent and investment — a cauldron of innovation. Meeting entrepreneurs and investors there, I was inspired and impressed. Whether it is in aerospace, cleantech, irrigation systems, software, cybersecurity, pharma or defence systems, Israel is a world-class player. It is an example of how small nations can triumph despite the odds.

Its spending on research and development as a percentage of GDP is the second-highest in the world; it has more scientists and engineers per head than anywhere else; and a booming ecosystem of research institutes and venture capital helps to fuel technology transfer and outside investment — especially from America. From Teva Pharmaceutical to Elbit Systems…

They also has thriving baking business.

[hvs] 13/10/2018 10:44

Brings a whole new meaning to cooking the books !!

No No No they baking the books.

[ntv] 13/10/2018 10:43

It is like companies saying they have nett cash, when they don't really because they haven't paid their bills and bank debt
It shouldn't be allowed

[ntv] 13/10/2018 10:41

This news might actually help their case

[ntv] 13/10/2018 10:40

;-) Get my own show soon TGG

[ntv] 13/10/2018 10:38

ASTO are currently trying to sue Grant Thornton auditors so it will interesting to see the outcome of their case

[thegreatgeraldo] 13/10/2018 10:37

Oh dear.....you've had a few days & that's all you can come up with!!

[ntv] 13/10/2018 10:35

Brings a whole new meaning to cooking the books !!

[thegreatgeraldo] 13/10/2018 10:23

Who knows, brexit might be a price worth paying. If the tories deliver a complete horlicks, it could rule them out of power for the next decade. The sheer incompetence they've displayed over the past 8 years doesn't seem to have gained much traction with the electorate for some reason.

[hvs] 13/10/2018 10:20

And what the CEO was he not aware of what went on ???? So here we have the CEO and the Executive Chairman both not knowing what their BEST MATE was upto. A comedy if only it was funny.

I will ask again is they all JEWISH ???

Cant wait for tomorrows Sunday Times column : How to turn a £ 440 mill company to zero in 48 hours. My CEO is very competent as is my FD

[ccnp] 13/10/2018 10:17

The Directors were all involved by dint of their failure to ensure controls were in place AND WORKING to prevent this fraud.

This is why Corbyn will win. And why I want someone with his left wing politics but not his naive stupidity in No 10.

If they are not already, the staff will soon be on zero hours contracts while Luke Johnson stuffs cash in his pockets and gets the tax loss that will prevent HMRC (which means you and I) seeing any tax for years to come. Like as not (and I haven't looked at previous years accounts) he will get a rebate on past years Corporation Tax payments as he carries the loss back.

The fraud at PV is not limited to the past

[knigel] 13/10/2018 09:48

I presume some employees might also have share options that might not be worth much now ..

[thegreatgeraldo] 13/10/2018 09:47

Any director found to be involved in this should see any profits they've made from cashing in options confiscated as proceeds of crime. & locked up, of course

[thegreatgeraldo] 13/10/2018 09:41

Oh dear, still off the meds

[hvs] 13/10/2018 09:36

The FCA have to show they aren't a waste of time and once the facts are known come down like a ton of bricks on anyone who has failed to do their duty.

Complete waste of space.

By the way is LUKE JOHNSON JWEISH ??? OPTIONs GALORE Is this the RATNER moment was RATNER JEWISH ???

[danny baker] 13/10/2018 09:31

Tiger, with Conviviality there was a long industry history of wine merchants over-trading on a miniscule capital base and collapsing. CVR was no different in the end. CAKE's high valuation and high margins which had no room for improvement would have deterred many investors who weren't looking for IHT shelter. However as alex and many others have said there were no warning signs of imminent collapse. Normally in the cafe/restaurant business, struggling companies like Coffee Republic and Gaucho give you plenty of opportunity to exit. You can even see the lack of customers for yourself. You might even have a falling shareprice giving you a big hint that something isn't right. But Patisserie was fine one day and as good as dead the next. The FCA have to show they aren't a waste of time and once the facts are known come down like a ton of bricks on anyone who has failed to do their duty.

[knigel] 13/10/2018 09:26

Mr Tenpercent, sorry for the late reply. My point I guess is that if you have a company pension then the investment managers will invest in a various range of investments - property, shares, bonds, hedges, currencies etc. I don't call this gambling but there is always a degree of risk - i think your point really is that if an individual invests in just 2-3 shares that MAY be close to gambling because if one share goes bust your investment pot falls 33%. I also have a SIPP and like to invest myself but only once did i go mad enough to put most of my funds into one share - it worked out ok but the stress was significant and I will never again do this - now i have 10+ shares plus my new company pension is over 50% in bonds/property - I also think it depends on your age - you can take more risk (if you wish) when you are 30 years away from retirement - but be daft to do so just 3 years from retirement.
Re CAKE will watch with interest - great news for employees but many lessons to learn - probably open 70-80p and could be worth a s/t investment - sorry for existing shareholders

[hvs] 13/10/2018 09:19

This is all pretty shocking but the Conviviality meltdown was in my opinion much worse.

How was it much worse here you have in 48 hours out of the blue from a DARLING of the CITY LUKE JOHNSON a complete shambles from $ 450 mill to zero from £ 28 mill in the bank to 10 mill O/D and needing another £ 20 mill so nearly £ 60 mill gone up in smoke and OPTIONs GALORE

Was there FRAUD or was there NO BUSINESS just MONEY MAKING SCHEME

LUKE JOHNSON has a lot of questions to answer HE WAS EXECUTIVE CHAIRMAN by the way is he JEWISH ???

The news comes after Patisserie Valerie's finance boss was arrested last night after a '£20million black hole' was found in the company's finances.

Chris Marsh, who was suspended from his role earlier this week, has since been released on bail following the arrest. Is he JEWISH seems like does a good CAKE

From £ 440 mill to ZERO and he is a hero LUKE JOHNSON has a lot of questions to answer.

[castleford tiger] 13/10/2018 09:07

This is all pretty shocking but the Conviviality meltdown was in my opinion much worse.

Again poor financial reporting the issue.

If the FD is at fault how many on his team knew?

This is not one man its a total failure at board level.
As for Auditors well often they send rookies out and then finish them with a signature of a partner.

I cannot believe no warning bells were sounding.

The whole shambles is pretty disgraceful and clearly Luke took his eye off the ball.
I feel for holders and I was one at Conviviality who got totally wiped out. ( I bought after the big fall on the back of director buys and soothing noise from advisors)
Lesson learnt

Tiger

[letmepass] 13/10/2018 09:02

Wonder when the bounce will be

[hvs] 13/10/2018 08:45

So the board was notified during 9 October. When did Luke first know that something was wrong?

I know nothing boss I is only the Executive Chairman giving away OPTIONs to FRAUDSTERS
very satisfying like my CAKE very very nice JOB done here.

Now onto the next one. By the way is LUKE JOHNSON JEWISH ???? Was it all KOSHER ????