Company News

Accounting and Audit

18 Apr 2019 / Accounting and Audit

Audit Market Shake-Up, Ocado on TV, and Judges Scientific Presentation

The Competition and Markets Authority (CMA) have issued their final recommendations to improve competition in the audit market after an earlier public consultation. This follows widespread concerns over…

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Insolvency and Administration

12 Apr 2019 / Insolvency and Administration

Debenhams PrePack, Dunelm Trading, ASOS and Privacy

Department store operator Debenhams (DEB) has been put through a pre-pack administration. It’s been bought by a new company formed by its secured lenders. Mike Ashley of Sports…

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ShareSoc

12 Apr 2019

Brands Have Limits – Saga and AA

I have written before about the merits of strong brands. This is a paragraph from my new book soon to be published (entitled “Business Perspective Investing”): “Trade marks…

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ShareSoc

12 Apr 2019

All Change at Superdry and Intercede – Perhaps

Readers are probably aware that founder Julian Dunkerton managed to win the votes yesterday (2nd April) at the EGM that he requisitioned at Superdry (SDRY). The votes to…

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AIM

1 Apr 2019 / AIM

Argo Blockchain and FT Letter

An announcement appeared this morning from Argo Blockchain Plc (ARB). It was well timed as I was going to write something on the hype surrounding blockchain technology soon.…

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Meetings for Investors

20 Mar 2019 / Meetings for Investors

Safestore and Fundsmith AGMs

Today I attended the Annual General Meeting of Safestore Holdings Plc (SAFE) in Borehamwood. Their head office is next to one of their self-storage units. They now have…

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Accounting and Audit

16 Mar 2019 / Accounting and Audit

Patisserie and Interserve Administrations, plus Brexit latest

Yesterday the administrators (KPMG) of Patisserie (CAKE) issued their initial report. It makes for grim reading. The hole in the accounts was much worse than previously thought with…

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Corporate Governance

15 Mar 2019 / Corporate Governance

Interserve Administration: I am very angry!

I attended Interserve’s General Meeting today and I am… …angry with major shareholders, who didn’t hold the board to account and couldn’t be bothered to speak or vote…

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ShareSoc

14 Mar 2019

Superdry – Does It Need a Revolution?

I mentioned the requisition of an EGM to appoint two new directors at Superdry (SDRY) in a previous article. Here’s some more analysis: The requisition has been submitted…

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Accounting and Audit

8 Mar 2019 / Accounting and Audit

Another Accounting Scandal – Goals Soccer Centres

Yet another problem in accounting has been revealed at Goals Soccer Centres (GOAL). This morning they disclosed in a trading update the discovery of “certain accounting errors” and…

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Accounting and Audit

6 Mar 2019 / Accounting and Audit

Metro Bank, Improving Accounts, Patisserie, Telford Homes and GoCompare

Originally posted 28th February 2019 The latest example of a public company publishing misleading accounts is Metro Bank (MTRO). Both the FCA and PRA (the bank regulator) are…

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Accounting and Audit

5 Mar 2019 / Accounting and Audit

Inconvenient AGM at Phoenix, Changes to “Going Concern” and GoCompare

I have been advised that life insurance and pension consolidator Phoenix Group (PHNX), a FTSE 250 company, is holding this year’s AGM in Edinburgh at 9.00 am. That’s…

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