Member Info for Bermondsey

They've got until the end of June to publish the annual accounts. I suspect something is coming soon given the sudden burst in trading. Not a great deal of communication from the Co in general.

Good set of accounts en route?

Just wondering have I missed the boat on this one. Mcap is fairly high but recent trading statements are stonking. A bit of reading to do.

No reply from the company so far on my email to them. I did manage a small topup last week.

Hi Bobby. I am looking for strategic update re new openings. Stanstead Airport restaurant should be open soon according to news sources. I read somewhere there were 5 in the pipeline for 21/22. 3.5m spent on new opening costs in h1. Is this all related to Stanstead? I am surprised these are not capitalised. Revenue needs to be back to pre covid levels. A continuing focus on cost reduction. I think cash may be much reduced from h1 balance. Trade payables hit 9m these are short term liabilities and would likely have been settled by now. Its good to hear a glowing review from your last visit.

I asked the company when they intend to release the annual accounts yesterday. No reply yet

Any success with doing a bed and isa with HL? They suspended during the pandemic and have not reinstated. I've asked a couple of times and they say not enough staff in the office since work from home started. I'm kind of miffed about it - So today I bought the same amount of shares I bought when this was a cash shell but for 1/6 of the price. I will divest my non-isa holding when the opportunity arises

Not sure why there is a presentation so soon since the trading update. Surely a rehash of what we were told a few weeks ago, perhaps a surprise or 2 thrown in. Good to see the retained deficit is almost reversed completely in the latest results.

Good find. This is a brand new restaurant as well rather than just a reopening since covid hit. Comptoire would do well to share expansion progress with the markets via rns.

Re the DTL on the intangible. No clever trick here. The DTL is always measured at the rate the liability is expected to be settled. I think that probably under accounting rules they are amortised it to the p&l at a lower rate than what is being computed under tax rules. In essence the tax deduction is being accelerated. The way the DTL is computed is that net book value for accounts (cost less depreciation) minus the tax book value multiplied by the tax rate the liability will unwind. Yes it will have a cash tax impact in the future (more tax will be payable). But this cost is already on the BS now. The DTL hasn't arisen because of the rate change, it has probably increased due to rate change (was previously measured at 19% now at 25%). I am just getting into these accounts. What is the intangible dome sort of computer software?

Hey DG. That text you copied does appear on the takeover panel website. In the long text of the code. Rule 9.5.a it says the highest price paid by the offeror. I must admit it is a long and complex code. Perhaps needs to be read in conjuction with other rules . I do see debate in this point from time to time on lse.

Never a bearer of good news!

DG. The mandatory offer from a bidder when breaching 30% interest is a minimum of what the bidder has paid for shares in last 12 months not the highest price in the last 12 months. This is per rule 9 of takeover code I assume this applies to aim. Couldn't see anything in the aim rules

Better to award some equity than pay higher salary/cash bonus. Read accounts note 6

https://www.moodiedavittreport.com/images-of-the-day-comptoir-libanais-and-hmshost-hail-reopening-at-dxb/

Worth an rns.

Originally opened just before the pandemic hit so never got the chance to properly get going.

I imagine there would be high rents for such a premium location .

Bobbyaxelrod. Good analysis of comptoire peers. I jumped in here looking for a covid recovery play I didn't cash out on the rise because I came to the same conclusion re scope for expansion, plenty of room. I didnt appreciate how few Lebanese restaurants there are in the UK.

Trading below cash balance in the interims. Admittedly trade payables did increase with the cash balance. What opportunities have come about due to covid/ cheap leases? Please no more central london restaurants for now the place is a ghost town. Focus on the cities and larger towns outside of the capital. Increasing revenue on takeaways is key to growing revenue. Maiden profit!

Not a word since the interim results in September. A trading update is required.

I agree with username here. The clues were in the December trading update and 2021 annual report there isn't any mention of being profitable at the beginning of 2022. In fact the statements appearing in both rns is that they want sustainable growth but not at any cost. I do recall earlier TUs referring to 2022 as the year they think they will achieve a profit. We are in January not December. The Decemeber TU put the writing on the wall. There is a particular poster here who has been writing BS at all hours of the morning. If you believed your own crap then it was always going to be a bad result for you.

I do take a more optimistic view of the "bad reviews". Looking at twitter there are a few complaints. The common denominator is logistics. Most distributors in the UK are facing logistical problems due to lack of drivers etc, it's well documented on the news so I really don't care too much. I would be concerned if in dissatisfaction was product related. I doubt these people will order a second mattress from a competitor in the meantime because they may well experience the same delays in delivery.