Patisserie Share Discussion Threads

[buoycat] 13/10/2018 18:21

The 50p placing does not necessarily mean that PV should be valued at 50p. What they didn't want is a situation like conviviality where they couldn't raise the money. 50p is priced to sell and fast and with the risks attached.

[zztop] 13/10/2018 15:22

Loss making corrupted business ?

[brx7] 13/10/2018 15:09

Worth buying some @ new price?

[johnwise] 13/10/2018 14:22

Trump correcting the Trade imbalance

Video

[johnwise] 13/10/2018 14:01

alex1621,yes the West has rebuilt Communist China with finance deals and one way imports.. Years ago Sir James Goldsmith warned the governments of the day what the consequences would be ,he was ignored..

Video..

[blueball] 13/10/2018 14:00

I'm hearing Mrs Miggins Pie shop is looking to invest in a business selling black grit in hot water could be the next best thing apparently.

[goblin99] 13/10/2018 13:51

Be wary, for the seas are rough and the depth unknown. Do not follow the one eyed man, for he speaketh with forked tongue. Better to stay on the island, wait for the next ship. If already on the voyage, then good luck and I wish all well.

[johnwise] 13/10/2018 13:48

Most of the Pret occasional English staff are the Tattoos Are Us clone..I have yet to see a tattoo on those staff from the EU ?

[hvs] 13/10/2018 13:39

I use Pret three times a week, all the staff are imports lol !!!!!

lol !!!! Did you say imports does Pret send a lorry down to get them from Calais ?????

From £ 449 mill to Zero from £ 31 mill profits to now they say £12 mill (without exceptionals)

lol !!!!!! The PV experience would have been wasted in Grimsby and Bradford but has been enjoyed in the CITY

[johnwise] 13/10/2018 13:29

I use Pret three times a week, all the staff are imports,usually from Poland who are very pleasant and obliging unlike the occasional English who are usually gone in a fortnight, you can see they are not up to the Pret required standard

[hvs] 13/10/2018 13:22

The Valerie experience would be wasted on Bradford or Grimsby and the shareholders who has been wiped out.

[essentialinvestor] 13/10/2018 13:12

John, listened to the HR director of Pret last year say English nationals
compromise about 1/60 of the job applications they get.
If the UK is in future curbing low skilled EU migration, margins in leisure, hospitality,
retail may come under some pressure.

[johnwise] 13/10/2018 13:09

Patisserie Valerie shops are for the more refined discerning customer ,The Valerie experience would be wasted on Bradford or Grimsby

[hvs] 13/10/2018 13:01

At least Luke has given this a lifeline. After POCKETING £ 57 mill and £ 440 mill to ZERO as EXECUTIVE CHAIRMAN. lol !!!!!!!

lol !!!!!

lol !!!!!!!!!

[johnwise] 13/10/2018 13:00

"Some actually like zero hour contracts - like the students who work in coffee shops"

Not in Pret a Manger, staff most EU imports on £9.50 an hour plus £1 if the shop passes the secret customer inspection

[hvs] 13/10/2018 12:58

You'd imagine Johnson will probably be putting in a bit more than an afternoon a month from now on. I wonder how many of his shops he visited in a typical month before this disaster....... Did he have CAKE while he there ???

From £ 440mill to zero in 48 hours and no one yes one knows anything.

From £ 31 mill profit forecast now £ 12 mill and that after this debacle , clutching at straws really.

Very very very SAD but that is how it works CELEBRITY BUSINESS you has to pay to hear
him speak not eat CAKE. lol !!!!!!

[castleford tiger] 13/10/2018 12:57

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

Firstly.........shareholders have not been totally wiped out.

CVR was much bigger but went like this
08.03 trading update saying a 20% fall on EBITDA
09.03 DIRECTORS BUY
13.03 further trading update showing that EBITDA was still going to be 55 m
14.03 shares suspended
14.03 They find they owe HMRC 30 million
By the month end a company bought for 150m is sold for a Quid

Total wipe out for holders.

At least Luke has given this a lifeline.

Tiger

[knigel] 13/10/2018 12:51

CCNP I can only go by statistics. They show record employment and record low unemployment.
Some actually like zero hour contracts - like the students who work in coffee shops (cake?). Obviously I wouldn't want these contracts to become the norm

[sikhthetech] 13/10/2018 12:50

The Times comments on winding up orders going back to 2010...

If that's true then there's a lot of questions which need to to asked of the BoD... Who knew what and when...


according to The Times, there are 3 other winding up petitions against PV subsidiaries, one dating back to 2010!!!


"The subsidiaries Patisserie Valerie Holdings and Stonebeach have faced three other winding-up petitions in the High Court, as well as the one filed by HM Revenue & Customs last month, according to court filings. They include a petition from HMRC, filed in November 2010, that remains open, the filings show."