Parsley Box (MEAL) has served up unaudited 2021 numbers which are mouthwateringly awful and announced a £5.9 million placing and £1.1 million open offer which is not underwritten. The price of 20p is a small premium to yesterday’s close but a big discount to when FinnCrap started scuttling around the City with the begging bowl out.
Sam runs Finncap (FCAP) which earned vast fees floating Parsley Box (MEAL) at 200p last March. The shares are now 17.5p. As a belated celebration of International Women’s Day I have dropped Sam a note.
I think that it was our reader from the Paddington Dungeon who first alerted me to the merits of checking out the website of Parsley Box (MEAL). Not to actually order any of its revolting produce which may satisfy commentator PL but would make my cats and most right thinking folk somewhat nauseous. But for the signs it offered of how bad trading had become.
It was just 23 days ago when Parsley Box (MEAL) issued its second profits warning since 200p a share IPO on March 31. I warned things would get worse but the savant of our own comments section PierotLunaire boasted as pompously as ever that he was set to complete his due diligence by tasting a mail order meal from the firm before joining his City fund manager chums on the shareholder list and filling his patrician boots at 117.5p. Of course the fund managers and PL always know better than old Tom. Today the shares are 64p after yet another warning!
After the July lack of profits warning, you might have thought that interims today from Parsley Box (MEAL) could not make things any worse. You would be wrong. Anyone buying into the IPO on March 31 when the company raised £5 million and existing shareholders dumped £12 million of shares, would look at the unfolding horror and feel physically sick. This is what happens in bull markets, shit floats, smart folks cash out and fund managers show they are as dumb as anyone else and buy into it all, albeit with other folks' cash.
Parsley Box (MEAL) has announced a “new chilled range… branded the Chef's Table by Parsley Box, consists of eight meals featuring some of the nation's favourite dishes” and that a company connected with Chairman Chris van der Kuyl has purchased £0.528 million of shares at 120p each. Good news?...
March-listed provider of ready meals that do not need to be stored in a fridge or freezer, Parsley Box (MEAL) has made a trading update which emphasises “Strong H1 2021 growth driven by repeat purchase rates and average order value”. Why then are the shares currently at 142p, 15.7% lower?!...
