AIM Failures and How to Spot the Warning Signs

Patisserie Valerie's prospects look dim following allegations of fraud and an arrest. We recall the biggest AIM failures and ask the experts how to guard against them

David Brenchley 19 October, 2018 | 12:19AM

Warning sign, cliff edge, red flag, fraud, Patisserie Valerie

Investors are still reeling from last week’s allegations of fraud at cake maker Patisserie Holdings (CAKE) that saw shares, which had previously been riding high, suspended and its finance director arrested.

The company, which runs the Patisserie Valerie chain of bakeries, said it had “been notified of significant, and potentially fraudulent, accounting irregularities”. The Serious Fraud Office is investigating.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
ASOS PLC1,164.00 GBX9.81
Burford Capital Ltd351.30 GBX10.89
Fevertree Drinks PLC1,206.00 GBX7.20
Watchstone Group PLC133.00 GBX-1.12

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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