Updates

Patisserie Holdings

December 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

We occasionally get it wrong when it comes to buying shares and usually the shares show relative weakness against the market before the problem appears. Sadly, in the case of TMI portfolio constituent Patisserie Holdings, the collapse came out of the blue. From my long memory, only trade finance firm and former wonder stock Versailles (in 1999) has had its shares suspended near the top of its price range.Patisserie originally claimed it had net cash of £28.8m but on 10th October it announced it had uncovered potentially fraudulent accounting irregularities including a material misstatement of accounts as well as question marks over its cash and the shares were suspended.It later transpired that not only had the cash dis ...

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Restaurant Group - To buy Wagamama

Dunelm - Confounds doubters as sales, margins grow

Patisserie Holdings - Gain to date: 139% (July 2018)

Patisserie Holdings - Shares surge after results (January 2018)

Patisserie Holdings (July 2017)

Patisserie Holdings - In talks to buy Maison Blanc chain (January 2017)

Patisserie Holdings - On track for 20 new stores (July 2016)

Patisserie Holdings - 26 openings in just 14 months (February 2016)

Patisserie Holdings - Shares in cake shop chain hit new highs (December 2015)

Patisserie Holdings - New stores beating two year payback target (July 2015)

Patisserie Holdings - Excellent maiden results (February 2015)

Patisserie Holdings - Cafe and casual dining chain targets ambitious roll-out (July 2014)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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