UK 02:36 Monday, 9 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
At the inauspicious time of 6:02pm on Friday, currently suspended from AIM, SnackTime plc (SNAK) announced a, conditional on General Meeting approval, “subscription of 12 million new ordinary shares at 15 pence per new ordinary share, by Versatel Co Ltd, a company associated with Mr Boris Belotserkovsky, raising a total of £1.8 million (gross)”. Adding that “following admission the Belotserkovsky Concert Party will be beneficially interested in 17,266,400 ordinary shares, representing approximately 53.7% of the enlarged share capital”, the following reviews.
Shares in UK vending company SnackTime plc (SNAK) have today been suspended from trading as the company has been unable to publish its report & accounts for the year ended 31st March 2014 within 6 months of the year end. This is because, with refinancing negotiations not yet concluded, “the company's auditors have not yet been able to provide a clean audit opinion on the company's financial statements”. The following updates on unaudited results which the company’s Chairman has “pleasure in presenting”, but which shareholders are unlikely to enjoy reading.
Shares in UK vending business, SnackTime plc (SNAK), currently trade approaching 30% lower on the day on the back of an announcement of lower than expected earnings for the year ended 31st March 2014, current year trading “behind the same period last year” and the suspension of the sale process for its ‘Drinkmaster’ business. I update in the following, with the shares currently at 9.5p.
AIM-listed vending business in the UK, SnackTime plc (SNAK) is a company formerly, very disappointingly, followed on the long tack but that Tom Winnifrith recommended shares in be sold at 17.5p last year. The shares fell to hit 6.5p this February but have recovered to a current 10.5p. Following an AGM update on Friday 26th July, the following updates on how Tom & I feel.
AIM listed SnackTime (SNAK) is a terribly disappointing investment recommendation from my twelve years running t1ps.com – I tipped the shares at 145p in May 2009 and it has not been a red hot penny share. The stock is now 17.5p – I apologise. Although my average gain on that site was 42.7% there were some bad tips and this was one of them. The seller and operator of hot drink and snack vending machines across the UK yesterday announced results for the six months ended 30th September and the following reviews these and where to go from here…
