Member Info for jl5006

Full year divi 9.0p. Nothing less than was promised! Surely time for take off in SP.

Count V interesting. We all know about Setanta - rns today - tho' no need because holding less than 5%- helpful tho' because too many of the pieces of the jigsaw are missing. P'haps Janus will make a late disclosure - they held less than 56ml @Dec yet acquired more and did not disclose and then sold - 74ml. Regulators get a grip!!

Lon St Ex shows nothing that is not shown on LSE here.What do Bloomberg know that is not in the public domain?

Janus Henderson held 56.8 ml shares per 18 Oct rns. Dec 12 rns states holding under %5 disclosure threshold. No disclosure Saga rns that Janus had increased holding or that the increased holding had been sold. Why are the rules not being applied?

Todays 34,000 share buy suggests results are not far from release. Why buy unless you know something. I have been here since early Snak days - averaged down - waiting for the Russian to deliver.

Good of them to let us know they hold 3.4%. Thought the 3% disclosure was an AIM rule? Wonder where the shares came from?

There must be something going on behind the scenes. Rise needs explanation. Not that I mind the uplift.

Something a little positive - but no ��s. Starting with something small - lets hope there are bigger fish .

Never say never. But blind trust in funds can lose you money. Woodford is c 20% down from his launch. Remember funds are charged if you have an account. We all lose money at times and gain in the better times. Punts at Cheltenham and Punchestown are for those that afford to lose. Stocks are a lesser risk over time - not just 5 or 6 mins. Watch and learn. Reflect and be careful.

I don't expect IIs who have lost c�200m to make big public noises. Initial + subsequent placings. There will be actions - we shall see. I guess some sort of legal action. I hope KPMG is the focus.

Once they are over disclosure via rns will arrive before opening on 12 April. Bit like waiting for Xmas to see if the crackers snap with a big bang or a damp squib. We live in hope of a better SP thereafter.

No space left. The emphatic statement that everything was ok going concern-wise to year 2019 and the endorsement to that effect in the half year results published in Jan 18 by KPMG. Why are KPMG allowed to practice after Carillion, CVR and many more. Need to sling arrows at the Accountancy and Auditing regulatory bodies. SFO is a soft touch!

Extract from 2017 a/cs 2. Accounting Policies The principal accounting policies applied in the preparation of the consolidated financial information are set out below. These policies have been consistently applied to all periods presented, unless otherwise stated. Basis of preparation The Consolidated Financial Statements for the 52 weeks ended 30 April 2017 have been prepared in accordance with International Financial Reporting Standards as adopted by the European Union ("IFRS") and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS. The consolidated financial information has been prepared on a going concern basis and under the historical cost convention. The Directors have prepared cash flow forecasts for the period until April 2019. Based on these, the Directors confirm that there are sufficient cash reserves and available working capital facilities to fund the business for the period under review, and believe that the Group is well placed to manage its business risk successfully. The Group is forecasted to be cash generative going forward. For this reason they continue to adopt the going concern basis in preparing the financial statements. INDEPENDENT REVIEW REPORT TO CONVIVIALITY PLC Conclusion We have been engaged by the company to review the condensed set of financial statements in the half-yearly report for the 26 weeks ended 29 October 2017 which comprises the consolidated income statement, consolidated statement of financial position, consolidated statement of changes in equity, consolidated statement of cash flows and the related explanatory notes. Based on our review, nothing has come to our attention that causes us to believe that the condensed set of financial statements in the half-yearly report for the 26 weeks ended 29 October 2017 is not prepared, in all material respects, in accordance with IAS 34 Interim Financial Reporting as adopted by the EU and the AIM Rules. Scope of review We conducted our review in accordance with International Standard on Review Engagements (UK and Ireland) 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity issued by the Auditing Practices Board for use in the UK. A review of interim financial information consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. We read the other information contained in the half-yearly report and consider whether it contains any apparent misstatements or material inconsistencies with the information in the condensed set of financial statements. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK) and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express a

As per the accounts for Apr 17 the old Conviviality Retail position was disclosed for clarification purposes as at Apr 15 pre MC - and then at Apr 16 so that the subsequent borrowings relating to MC and then Bib could be seen. IIs provided the bulk of the MC purchase - �130 placing - with �80m borrowing. Further placing for Bib plus borrowing resulted in c �120ml debt - which C & C have taken over. That is all I know. My comment was that CVR pre MC etc were on a good track (net assets �53m). Have no idea what any newspaper suggests and until accounts are prepared for Apr 18 - who knows

Should read 15 not 16 - pre MC. sorry

As at April 16 net assets on the balance sheet were �53m. C & C have taken on the debts relating to the acquisitions and promised full payment to all suppliers. C Retail had no borrowings at April 16. C Retail was profitable. So whose going to buy? There has to be some value here or have I got it wrong?

I know you are disappointed but a rights issue would have been too long winded - there was a cash need quickly. You know you can write to FCA - access easy to find via Google. I have written on other occasions - to what avail.

Looks as is Investec managed this - advisor to both? Given that C & C have taken over the Cr liability of �102m - surely a good deal for them. There was a need to act swiftly because Wetherspoons et al could have been short of wines and spirits. As to the remainder we shall have to see. Only Direct was put into administration. Lets hope a buyer can be found for Conviviality Retail as was. It has got to be a dooable because it was ok before the stretching of finances with MC & B.

Both have provided a new high point. Good day today. Patience is the key. Can't expect an onward and upward curve every week. Business news will provide the grounds for SP advancement.

The rns suggested a token amount- could be as much as �1