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Goals Soccer Centres – ‘VAT misdeclaration’, shares suspended, hopefully our ‘uninvestable’ warning was heeded

By Steve Moore | Wednesday 27 March 2019


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I previously wrote on Goals Soccer Centres (GOAL) earlier this month; now a hat-trick of own goals; accounting error warning, results delay & banking covenant breach!, concluding ‘the company may have “a view to agreeing re-negotiated facilities” but what about the bank? – and, even if it does also, what will it demand in consideration? Unsurprisingly, the shares have slumped lower – to a current circa 40p in response. But with the current financial performance and balance sheet uncertainty, for me this is presently uninvestable’. Today a “Trading Update”… and AIM suspension from trading…

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