Member Info for gregpeck7

It’s certainly forming a base around here. I’m gonna add some more tomorrow.

Every buy is also a sell....

From yesterday. Someone is loading up...

Point taken... The sooner they are out of Japan one way or the other, the better.. Like I say, someone else owns the other 80% of the business and they are likely to want to make a success of it...

As long as wyndrum shuts up :-)

You know thats what you do.. You spend half your life here (although you dont own shares) ... People "change your mind" suddenly you buy in, become positive, then you revert back to type and talk it down - like you are doing at the moment.. As you are clearly out...

Most people don't sit on boards endlessly where they have no shares, or no intention of owning...

No doubt you are the Samaritan exception in your over inflated sense of self importance based mind!

You like to paint yourself as this nice reasoned person who is all for nice chats and marshmallows around the campfire, but you wont stop till you have ground everyone down. you are a snake.

(Hard as that might be for your EGO to take BTW)

They are probably just ignoring you.

Hotel Chocolat Group plc, a premium chocolate brand, today announces that Hotel Chocolat KK, a Japanese joint venture in which the Group holds a 20% shareholding, has obtained Court approval for Civil Rehabilitation restructuring proceedings (Minji Saisei):

Do some people not read? They own 20% of that business, so max they are on the hook for 1m...

That said if the entity essentially gets wound down, administration etc... One can imagine that it is null and void..

What is interesting is that 80% of the venture is not owned by them.. Will cash be incoming from another source?

PS that last post directed solely at the absolute loser /know it all that is Wyndrum.

Great to see you in the red already. You are such an idiot :D

"Hi greg, as you take such an interest in my holdings you will be delighted to know I got out with a quick 5% profit and am back in just now at 72.85p"

He seems to be correct. Maybe he just does not want to talk to idiots like you who talk it down, buy in, talk it up.. Sell out, rinse repeat...

No so it’s a non cash impairment ( cash already gone ) but clearly likely to not come back. That will generate decent tax losses for the future . But that money has already left the business and as per the trading update means that for the FY despite operational profitability they will take the hit on the overseas and ( as I call it in layman’s terms ) generate a paper loss as they accept the reality that foreign expansion has failed.

While the Board anticipates underlying FY22 profit before tax will be in line with market consensus[2], statutory reported profit for FY22 is expected to be a loss, being affected by the outcomes of an internal business review, predominantly as a result of non-cash impairment provisions[3] and costs arising from discontinued activities including the closure of retail stores in the USA[4].

That’s what the above means on the trading update. Clearly these losses can be offset against tax going forward.

Surely this was well understood. They basically said at the update the expansion plans had failed and they were basically writing the adventure off.

Morning all. Agree. Plan being executed.

Very strong base forming. This will move very soon imo.

Hard to keep up!

Ao is 200m mkt cap.