It is turning out to be a rather bad week for the egomaniac boss of VSA Capital (VSA), the, self styled, "Very Sexy Andrew" Monk. Yesterday it emerged that his firm is being sued for a Bernie by former client Silverwood Brands (SLWD) and yesterday VSA was also fired as adviser to Cook’s Coffee (COOK) which it listed on the Aquis lobster pot less than a year ago. We know that loss making VSA needs all the retainers it can get but if it had to lose one, interims from Cooks out today suggest it would probably be this one. They are dire. And misleading.
Now I really am ashamed to be the unwitting owner of £120 worth of shares in VSA Capital (Very Sexy Andrew), the broker and financial adviser run by egomaniac Andrew Monk, a man – as he mentions daily – educated at Oriel College Oxford. In November of last year VSA racked up a big corporate fee getting an Aquis dual listing for New Zealand listed coffee chain Cooks Coffee (COOK). Cook’s was – as I showed here – essentially insolvent at the time and VSA's forecasts to get the IPO away were a disgrace..
Publishing its prelims on May 30, the RNS was abridged, the numbers unaudited and I speculated - correctly - HERE as to what disgraced Andrew Monk’s most shameful IPO of 2022 was hiding. The Annual Report is now out and guess what?
Earlier, I showed what an absolute abomination of an IPO Andrew Monk’s VSA landed British investors with last November with Cook’s Coffee (COOK). Then I looked at what was stated, now I address what Monk has allowed his, financially challenged, client to leave out. Let’s start with something I really should have spotted earlier which is highly material.
I realise that he has a jet setting champagne lifestyle to support and a luxury holiday home on the Cornish Riviera to maintain, but is there any client that Andrew Monk at VSA Capital will not act for? The rule breakers and insider dealers at Caracal Gold (GCAT)? Tick. The scallywags at Silverwood Brands (SLWD)? Tick. But coffee chain Cooks (COOK) which Monkey brought to Aquis last November now takes the biscuit. It has today served up results for the year to March 31 2023, so let’s look at VSA’s forecasts from an IPO just over four months before the year end. Prepare to be shocked.









