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SnackTime plc – unaudited results dire, shares suspended, what next?

By Steve Moore | Tuesday 30 September 2014


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.


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.


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