Patisserie Share Discussion Threads

[lefrene] 06/11/2018 14:37

Perhaps these coffee and cake vendors should go back to Barclays. "Now look here, we think this would work better if you gave us free space in your Banks, and we will provide free coffee to your members, and you can have 5% of our cake sales"!
:¬)

Somehow I doubt Barclays are as daft as the retailers.

[lefrene] 06/11/2018 14:04

Thank you sikhthetech, this freebie must also affect the sales of those other players, one suspects that the heads of these companies see it as a volume gain. ie they get way less per drink from Barclays but they hope the volume and perhaps a food purchase alongside will make up for it.

Waitrose did a similar thing for their members, it started off as a free drink in the Café but the café soon was full of persons who mostly didn't buy any food and took up space from those who might have purchased food. They switched to a free cake so long as you bought a drink, and then changed to a free drink so long as you bought a cake. So they ran through the whole gamut of incentive offerings before finally dropping the freebies altogether. Now their café is much quieter but presumably at least breaking even.

This sort of thing which involves public behaviour is always interesting to me, especially when the solution to the conundrum creates better sustainable profits.

[monte1] 06/11/2018 13:16

ffs get a grip.

[lefrene] 06/11/2018 13:14

There might be something in that sikhthetech, but Barclays are presumably making a payment of some sort to PV? The cost of that coffee to PV is going to be about 35p (materials, power, employee time) and perhaps more if another sale is lost due to free customers queuing and discouraging paying customers? But if all those 'freebies' were indeed being racked up as £3 sales it could go someway to explaining the black hole. Do you also have to buy a cake or biscuit to get the freebie? If there is no other purchase requirement then that's pretty well the £200k a week that it would take over 4 years to arrive at the current mess. If nothing else it perhaps provides Mr Johnson with a bit of a fig leaf to hide behind. But that sort of money leak should be spotted in days. How long has this Barclays freebie been available?

[sikhthetech] 06/11/2018 12:55

Just thinking about the Barclay Premier Customer 'free' coffee per day...
and IF the coffee was registered as a sale instead of foc.


I don't know how many Premier Customers Barclays has - their rewards app has been installed 100k+'s ... but I would assume a majority do use their Premier awards as regularly as they can..


speculating with figures...


If a coffee costs £3.. If say average 10,000 (10% of Reward App downloads)
take advantage of the free coffee per day..

equals £30,000 of free coffee per day..



If that is registered as a sale then £30,000 sale but no cash..


I can't see why it's not possible for a PV at mainline stations to be giving out free coffee to 100 commuters a day...
I have seen several customers using the Barclays app to get a free coffee...

[lefrene] 06/11/2018 11:41

It's so obvious to someone in that line of business that the figures don't stand up, thus it doesn't seem credible that Mr Johnson didn't also know that the numbers defied belief? I suppose the usual wheeze is to build a business up in order to sell it on to a bigger fool. Although no stories have yet emerged to suggest that the business was being touted for sale. Perhaps better to stump up and look a fool to save it, rather than to be found out in something more questionable? Best to save it, rather than let it go bust and have some third party trawl through every nook and cranny.

[jotoha2] 06/11/2018 11:21

Have a friend who owns a really smart Deli /coffee / cakes etc etc , and he makes a nice living on a turnover of £350,000 pa , busy every day , but they have to work their bolloks of to make a crust , he laughed when he saw the figures coming out of pv , not possible he said , and he should know !!

[hpcg] 06/11/2018 10:17

Other people's money. Easy to throw around on a moon shot.

[masurenguy] 06/11/2018 08:06

Interesting - Invesco almost trebled their shareholding in the recent fundraising, from 2.05% to 7.76%

[lefrene] 05/11/2018 22:45

Almost £40 million has vanished, to make it easy lets assume this has been £10 million a year for four years, spread over 200 shops, it is roughly £1000 a week per shop short of where it pretended to be. To stop losing money each shop has to save £1000 a week, and then to actually start making money there has to be another few hundred quid squeezed out of each outlet.

No doubt a very normal slash and burn campaign will be required in all areas except the customer facing areas. Keeping the suppliers sweet might be tricky, as they will not be prepared to offer much credit now the dowager has lost the farm.

It will be fascinating to see if Mr Johnson is actually as skilful as he advertises himself to be.

[owenski] 05/11/2018 21:45

Might end up being able to buy them at sub 50p then.

[bookbroker] 05/11/2018 20:39

Will not be until re-listed, when is that supposed to occur, might be buying a few, Johnson might actually pay more attention, he is actually a pretty good manager when he chooses to be!

[danny baker] 05/11/2018 17:57

I'm a little bit surprised that we haven't yet seen any 'holding in company' RNS announcements following the placing. It could be that all the institutional shareholders stood their corner and have the same percentage as before. Maybe tomorrow there will be some updated holdings.

[clocktower] 05/11/2018 15:29

It seems the Garrick made the right call back in 2009

[johnwise] 05/11/2018 14:29

Cafe Rouge calls in restructuring advisers as it prepares to go head-to-head with landlords in a bid to reduce its rent bill

13 Comments

[tradejunkie2] 04/11/2018 20:34

I like the cake shops. Clean toilets pleasure taking a dump there then have a piece of cake.

So what do we reckon kitty cats?

580m down to 80m market cap?

That's allot of cakes to sell in future isn't it kitty cats?

[diku] 04/11/2018 17:53

Is that a way of saying I am off the hook!!...now if it was an ordinary employee who has caused the shares to be suspended for some wrong doing or asleep at the wheel whould he still be employed?...

[bbmsionlypostafter] 04/11/2018 12:13

He'll still be overpaid.