75 days ago
No Rogue bloggers training walk today but I had an excuse so please donate HERE anyway. Then back to Patisserie Holdings (CAKE) and more whining from a failed auditor.
253 days ago
I start with Christmas presents. Today I started to panic and will really pull my finger out tomorrow. Then onto news that the administrators of Patisserie Holdings (CAKE) chaired by my pal lucky Luke Johnson is to sue aufitors Grant Thornton over the fraudulent accounts it sign off on. This might see Lucky getting a windfall. Or rather a bit of his cash back. I discuss the whole affair
574 days ago
Of course some of us identified that there was a real problem at Patisserie Holdings more than a year before the public became aware and explicitly warned folks about it HERE in November 2017. Some, like ShareSoc director Chris Spencer-Phillips knew better. Thankfully Chris sold before it was too late but now identifies the real problem. He writes:
906 days ago
Covering Quindell (QPP), Naibu (NBU), Patisserie Holdings (CAKE), Staffline (STAF), Sefton (SER) and more I look at the role of auditors and lawyers in enabling corporate fraud and what needs to change to stop this.
915 days ago
I know that Thirsty Paul Scott was a major bull of Staffline (STAF) and a shareholder. Today's shocking news of allegations of accounting irregularities made by the company's own auditor PWC and a share suspension is enough to turn any man to drink. In this podcast I give background and explain what I think the outcome will be. It is bad but not, I suspect, a Patisserie Holdings (CAKE) but it might get very nasty.
916 days ago
I am plagued today by Bulletin Board Morons reporting me to the FCA, by Roger Lawson and some ungracious comments on fraud busting at Globo (GBO), Quindell (QPP) and Patisserie Holdings (CAKE) and by our former in house Bulletin Board Loon who has returned to really rile me with some vile comments on the holocaust which expose him as the Jew hating vermin that he is - HERE. I comment on Angus Energy (ANGS), UK Oil & Gas (UKOG), Domino's Pizza (DOM), Feedback (FDBK), Photonstar Led (PSL), Starcom (STAR) and Cabot Energy (CAB) . Footnote, Roger is now planning to run an amendment flagging up that I did advise folks to sell/short Patisserie warning "something's not right". Roger you are a gent.
921 days ago
How I suffer for you dear listeners. All is explained. Then there is a long discussion on the administration of Patisserie Holdings (CAKE). I move on with a few more words on The Escape Group (ESC) which I covered HERE and then look at Eve Sleep (EVE) and the folly of Neil Woodford, Scancell (SCLP), Anglesey Mining (AYM), Ariana (AAU), Bluebird Merchant Ventures (BMV), Chesterfield (CHF) and Metro Bank (MTRO). Finally it is one day to ouzo time (again) on Frontera Resources (FRR).
925 days ago
In this podcast I look at the utterly useless coverage of the LCF scandal provided by the Sunday Times which seeks to blame the poor old FCA for daring to trying to stop a ponzi. I then look at the bloodbath on the high street and the madness and denial of some. There is comment on Patisserie Holdings (CAKE) and Pizza Express and also on house prices in New York and what that tells us about Brexit.
928 days ago
In today's bearcast recorded before my first training walk for Woodlarks I look at Sabien (SNT) and ask if CyanConnode (CYAN) misled ahead of its last bailout placing. I deal with the nature of fraud, the culpability of Luke Johnson (there is none) and Patisserie Holdings (C AKE) and then explain why I think Malcolm's stance on the bankers is bonkers
929 days ago
My pal Luke Johnson used to be known as Lucky. Just like Lord Lucan. Luke does not stand accused of butchering his nanny and is not fleeing the country but there is blood on the streets round at Patisserie Holdings (CAKE) and Luke’s luck seems to have run out. Though I was a perma bear on Patisserie it gives me no pleasure to be revealed as a superb journalist once again...
1022 days ago
First things first - we have almost raised the £2,500 needed for the Woodlarks Christmas grotto. I am sure you can spare a fiver to get us over the line HERE. Secondly, I am in London tomorrow and on the warpath and hope to see many of you HERE. I was distracted today doing a radio interview with my friend and hero the great Kelvin McKenzie of "gotcha!" fame. That covered Patisserie Holdings (CAKE) and fraud and I continue with that theme. I also look at Superdry (SDRY), First Derivatives (FDP), Frontera (FRR) and Purplebricks (PURP).
1023 days ago
First of all please read abut the Christmas Woodlarks Santa's Grotto £2500 appeal and donate a tenner. If you like bearcast you know you can afford it. Details are HERE. This podcast covers the shameful and ignorant treatment of Luke Johnson over Patisserie Holdings (CAKE) and I stand in defence of Luke. This country needs more folks like him not fewer and much, if not all, of today's coverage is shockingly bad in every respect..
1024 days ago
In today's podcast I start with a brief but of macro babble then look at RM2 (RM2) specifiocally but also at the wider Neil Woodford stable* of dogs. Then I discuss whether I'd buy into Patisserie Holdings (CAKE) at 50p. It is certainly not the same as Conviviality (CVR) which Thirsty Paul Scott bet heavily on the day before it went bust. There are similarities but 1 big difference.
1027 days ago
In today's bearcast I start with a look at Patisserie Holdings (CAKE) run by my pal Luke Johnson and I discuss the nature of fraud. I look at Sosandar (SOS) again and get really very angry (warning bad language alert), at FastJet (FJET), Telford Homes (TEF) and the folly of Government policy, Online Blockchain (OBC), and at Urals Energy (UEN) and the folly of the AIM Cesspit.
1311 days ago
The Boxing Day high street sales data was poor but what does this one set of data mean? There are bigger macro trends which should fill retailers with fear, I discuss Patisserie Valerie (CAKE), Debenhams (DEB), Mothercare (MTC) and Fishing Republic (FISH) , three of four of which will go bust.
1339 days ago
Luke Johnson was bang on the money at the weekend in his description of the current market madness. In that vein I discuss Milestone (MSG), On Line (ONL), Vela (VELA) and Tizania (TLS). This will end in tears. I take my hat off to Luke Johnson after today's results from Patisserie Valerie (CAKE) but still have two major concerns, a three if you include valuation. I look at Andalas (ADL) and its new death spiral funding and also cover Kefi (KEFI) and Falanx (FLX)
2267 days ago
Ulster cake makers Ashers were today penalised and ordered to pay £500 compensation to gay rights campaigner Gareth Lee becuase they discriminated against him by refusing to produce a cake proclaiming support for gay marriage. Ashers is run by devout Christians who claim this is a matter of conscience.
I tend to think that Ashers is run by bigots but they risk their own capital running a shop and so should be free to sell to whom they want. Other cake shops will produce cakes celebrating gay marriage so it is not as if Mr Lee could not use his pink pounds to get a cake anywhere.
I would hope that enough folks would choose to boycott shops run by bigots