The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Sorry guys this is pie in the sky stuff. There isn't a market for selling tax losses. That was ended by anti avoidance laws many years ago. The only way a future purchaser can earn out the losses is by making the trading company profitable (eve sleep). If the company is bought out by a group / other company the new group will not be able to use these to offset against profits elsewhere in the group because they are ring-fenced.
DG some good research re tax losses. Regarding the 75% rule you picked up on. This is called a succession, the losses only transfer if trade and assets are passed onto a new company that is broadly 75% under the same ownership as the transferor. So the losses won't travel if trade and assets sold to an unconnected party. They will only travel if the shares are sold. You rightly picked up on some anti avoidance re major change in nature conduct of trade. These are fairly complex but what it boils down to is the same trade must be carried on in the same manner as before. There isn't much of a market for cit losses. I would be very surprised if anyone attributes value in a sale process (although the seller is likely to ask). Further restrictions on how quickly they can be used have been brought in essentially 5m dominions each year + 50% of profits over 5m can be used per annum. I have q funby feeling they will be ring-fence to the business as well. I will get back to my books and check.
I can't find the ye 21 accounts rns. Am I being blind or are they not yet released?
I thought I caught the bottom at 2.3. No such luck. Do I take a few more at this seemingly undervalued price or will the knife keep falling?
Fantastic revenue figures. Doesn't appear to e a particularly well loved share. Contemplating a small punt. Mcap feels a little heavy.
Trotsky. Perhaps you should have posted this as well: All sites closed from 5 January 2021 for indoor dining, re-opened in April 2021 for outdoor dining and dine-in from May 2021. Sure there was 4m of covid related income, there was also significant disruption to operations due to covid. I wouldn't expect these disruptions in the future any more than the 4m you refer to.
Just had a skim read these results are beyond expectations. Sound cash management, maiden profit, 2m! Confident these guys will see us through the challenges ahead. Would like to see more of the shawa brand openings as these streetfood type stalls are very popular in London right now and with lower price point they will help the company navigate the spending squeeze.
Speculating here but does the capital raise have anything to do with the delay in accounts? The auditors perhaps unwilling to sign off on a going concern statement without seeing proof of liquidity to finance liabilities over the next 12 months? Something not right here.
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!