Patisserie Share Discussion Threads

[edmondj] 16/10/2018 08:22

Luke isn't currently doing Brexiteers many favours, to stand ground:

[nico115] 16/10/2018 08:09

LJ not putting much money leads me to believe he isn't confident about PV prospects and he will eventually pre pack itDont forget he took many a public company private so he wouldn't be in the public eye/arena I won't be buying a share here

[zicopele] 16/10/2018 06:21

Good old Luke supported Brexit. Current events must be having an impact in the high street.

[thegreatgeraldo] 15/10/2018 23:24

The SFO are involved because the company's accounts have mis-stated the company's position for the past year or two.... or three. Hard to see how a £40 million plus hole opened up in the accounts since March.

[tbr25] 15/10/2018 22:03

Perhaps...FD AND CEO? After all plenty of shares cashed in this year. Hence SFO.

[smithie6] 15/10/2018 21:53

you mean "lie" ?

[tbr25] 15/10/2018 21:33

Perhaps..... CAKE has been suffering trading and cash flow problems like all the high street nosh shops. FD too afraid to tell Luke/Board. Gets O/Ds to help team and lay ....which always catches up with you in the end. Luke too busy elsewhere and perhaps has never been quite the detailed entrepreneur he portrays. (Not a lot different from Conviviality). Luke calls in favours from shareholders,Cannacord,banks etc , provides smoke and mirrors £20m liquidity.It won’t be enough to deal with poor trading and tighter creditor cycles. CVA to follow then administration. Perhaps some parties are able to buy back ummie bits...have their cake and...Sorry!

[zoolook] 15/10/2018 21:08

Stood down, or asked to stand down? Paul May is shop soiled goods

[smithie6] 15/10/2018 20:30

CAKE scandal reminds me of SFI scandal

both with lots of high street outlets.
with dirs getting rich

& apparently making money & then bam

false accounts & suspended.

SFI becoming owned by its creditors, banks, who I guess then later sold it or part of it

[johnwise] 15/10/2018 19:37

Cake Box Holdings PLC

Half Year Trading Update

[hvs] 15/10/2018 18:44

lol Who has got the CAKE ????

From £ 448 mill to ZERO and we knows nothing HONEST BOSS it was the MONKEY I swear says the Organ Grinder it was the MONKEY that done £ 25=8 mill in bank to £ 30 mill INJECTION

Very very very naughty monkey No worries let us all EAT CAKE. Yummy. OPTIONS DALORE come and get em.

[monte1] 15/10/2018 18:23

No.

I hope this helps.

vbrs

[paulodiablo] 15/10/2018 18:20

Do we know when these shares will start trading again?

[hvs] 15/10/2018 17:09

Could have taken them under ???? Is thats why they asked him to go and eat CAKE ???? £ 28 mill in cash to £ 10 mill overdraft good job done with OPTIONS GALORE. With £ 20 mill cash injection .

[sikhthetech] 15/10/2018 17:07

Paul May quits The Restaurant Group...

Embattled Patisserie Valerie boss steps down from The Restaurant Group amid financial fiasco

"Paul May has stood down from his position at the group, which owns brands such as Frankie & Benny's and Garfunkel's, in the wake of mounting pressure within his own cafe chain."

[hvs] 15/10/2018 17:05

Luke Johnson also pledged to "beef up" its systems and controls, and "make some additions to the senior leadership, particularly in finance". But there is no money .

A bit late now aint it LUKE ????? Why does we English always close the barn door after the horse has bolted why ????

[smithie6] 15/10/2018 17:01

Luke has to shoulder a good amount of the blame..as Exec Chairman

& controlling shareholder

he clearly agreed to the corporate structure & structure at subsidiaries

& noting he is an experienced hands on director & exp. investor & accounts analyst

if he says "I knew nothing", I dont believe him.

[alexios1201] 15/10/2018 17:00

https://www.independent.ie/business/world/patisserie-valerie-ceo-steps-down-from-restaurant-group-to-focus-on-cafe-chain-37421389.html

[smithie6] 15/10/2018 16:57

good analysis & opinion in free article at Investorschampion

👏👏

..who has clearly read thru accounts of subsidiaries & found some useful stuff..

[hvs] 15/10/2018 16:16

hvs I presume that the board did not pass a resolution to open the two bank accounts.

That's the whole point. So it was the banks fault ???

The organ grinder says not me boss it was the monkey that did it. I only give out options to me mates . It wasnt me HONEST .Nice one LUKE.

[smithie6] 15/10/2018 15:48

1 dir. make 1M£ by exercising & selling some share options

I note that we all assume that thecarrested FD knew the accounts were false

so

the FD could have MILLIONS by shorting the shares. (he knew they would collapse in price when the scam was revealed)

If he pays a penalty of say 1/2M to the SFO & avoids prison

perhaps he'll be laughing

with 5-10 £M profit from shorting the shares in a numbered account in Caymen Is. or Switz.

[jonwig] 15/10/2018 15:38

This looks a pretty good analysis (and lots of work put in):



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