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Paragon Entertainment – revenue recognition delay… but hasn’t there already been this?

2019-06-12 14:00:44

Attractions design, production and fit-out company Paragon Entertainment (PEL) has updated including, “during the audit of the FY 2018 financial statements it has become apparent that following the adoption of IFRS 15, some revenue (and therefore the profits associated with that revenue) that was previously expected to be recognisable in FY 2018 will now be recognised in FY 2019. This mainly relates to a shift in the programme and therefore revenue/profit recognition regarding the company's Kidzania Abu Dhabi project. Therefore the company provides the following update to the guidance previously notified in the Trading Update dated 6 March 2019”. But hasn’t there been similar from it before?...


Paragon Entertainment – intra-day winding up petition developments

2019-06-01 10:10:38

An intra-day (11:09am) “Response re: Winding up petition” announcement from Paragon Entertainment (PEL). Uh oh…


Paragon Entertainment – “pleased to announce” share subscription… but is it sufficient?

2019-03-14 04:00:40

Writing on Paragon Entertainment (PEL) last month I noted it “looking closely at ways of bringing longer term capital into the business” – though concluded at what price?… Now sub 1p, still an avoid / sell. Today a “Subscription” announcement…


Paragon Entertainment – “Property Disposal” announcement... which is far from just a “Property Disposal” announcement!

2019-02-22 08:50:34

Previously writing on Paragon Entertainment (PEL) it was December intra-day (2:15pm) “Trading Update”. Uh oh…. Now an intra-day (1:29pm) “Property Disposal” announcement. Surely this one just a routine announcement though?...


Paragon Entertainment – intra-day (2:15pm) “Trading Update”. Uh oh…

2018-12-18 08:16:31

“Paragon Entertainment Limited (AIM: PEL), the attractions design, production and fit-out business, today provides a trading update”. Not ‘is pleased to provide’ and intra-day (2:15pm) – Uh oh…


Paragon Entertainment – “Trading Update” = Profit Warning, Broker updates

2017-11-08 01:31:01

“Trading Update” announcement yesterday from attractions design, production and fit-out company Paragon Entertainment (PEL) included news of project delays and increased costs – and house broker finnCap (them again) has downgraded forecasts…


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