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I can see 16p
Hard to call with currency fluctuations ....could revisit 18 p by 16/12...as it did on US election week..volume reçently very very low which looks like a negative......my buy price on limit order basis is currently 17 p .I continue to hold a few thousand quids worth for dividends so am not trying to talk the price down ,please note. UK and in particular London is currently overflowing with tourists xmas shopping thanks to weak pound Sterling which should help online sales but in particular the hotels operates by Corus.
We could be in for a wild ride here!We last saw SP down here in 2011/12. Hang on to your hats!
I fear we are heading into the 16p to 18p range here, irrespective of dividend. The general retail outlook is looking uncertain at the moment.
I continue to hold the view that ,until divorce settlement takes place,dividends will at the bottom end of market expectations and still expect sp to 50% retrace to 18 p( probably in either Late November or January).
Due to change of reporting year, last year full report covered 74 weeks, and the 0.5p covered a 4 month petiod rather than the usual 6months. div was 2.5p for 74 wk. It is probabke that next div will be higher than 0.5p, if figures from overseas are boosted by low pound, it is possibke for 2p for full year, or if less, still more than 1p.
Looks likely to test half previous high of 36 p at 18 p giving a market cap of around £130 million...a potential yield of 5% plus based on two dividends of half a p...and cover nearer 2 times earnings.Think Hotel earnings may surprise the market on next results ...current weak Pound Sterling should boost this part of the business. However,until Divorce is settled,the sp is likely to remain subdued.
Positives appear to be trend of reducing number of retail outlets,increasing online sales and good improvement in Hotel business but negatives are falling margins( continual sales offers, extra staff costs / pension liabilities) and the likelihood that adverse currency movement will increase cost of imports.As to the dividend I think that ,unless the next 6 months reverses the current trends( like most retailers ALY usually sells more towards end of year) its possible the next dividend will be 0.5 p..which will still represent an attractive return in the current low interest rate environment and would expect dividend cover closer to two times earnings per share. Divorce battle may also be a factor...but am not up to speed as to what ,if anything,is happening on this front.
General consensus that biz fallen circa 25% but I am not going to even attempt analysis given Retail sales usually improve up to Xmas...market cap circa 161 million quid and dividend( assuming only half pence on interims next year) will be over 4% at current mid market price of 22.125p .That is my worst case scenario regarding dividend. I will continue to hold my shares for the Yield...and may accumulate more if fall back ex dividend sub 20.5 p
Fibonacci rules suggest that sp could fall on results out this month to 18 p but personally I would think the floor of 20.50 p could be maintained,..MKS down around 38/40% of year high and NXT 34% ...assuming the dividend of one pence is maintained then the yield at current levels looks extremely tempting and ,as I have posted previously,one would expect the majority shareholder to continue to pay himself.
on 1st August with buy at 21.5 p but as with media shares the downtrend since Brexit continues so far
175999 shares purchased at 21.95 p .Somebody believes dividend will be maintained!?See no reason why not...but that view is based on several years and not necessarily a guide to the future.
175999 shares purchased at 21.95 p .Somebody believes dividend will be maintained!?See no reason why not...but that view is based on several years and not necessarily a guide to the future.
Thanks for that info and all the other updates you give us.
I phoned them yesterday and they didn't have any idea about the discount. I've since called my broker (iWeb) and believe they are sorting it out on my behalf... Just need to get my NXT voucher now and that'll keep the misses happy for a while
could be obtained by telephone call to :0870 707 1110 ( more costly than normal calls)
Anyone have any experience in obtaining the shareholder discount vocuher for Laura Ashley? Do I speak to my broker to the company directly?
150 k at 0.22 p after normal hours!
"As announced in September 2015,the Group has changed its accounting reference date from end of January to end of June.The Group will therefore announce its audited Results for 17 month period to 30 June 2016 by the end of August 2016". This was at the end of the 2 nd Interim Results RNS in March. There was a fairly large sell at 20.5 p before the middle of July which may prove to be " floor" until next RNS. In terms of dividend likely( but not guaranteed) am currently tempted to add some more given the current interest climate on savings but Retail ( particularly MKS and NXT ) have been hammered since Brexit referendum and weaker Sterling.
Think interim results due in September at which point would also expect news on dividend.
Hi rebound, when is ex-divi date please?
did hold 35% of Laura Ashley Holdings and are run by owner Khoo Kay Peng so he is the majority owner in effect with about 60% of the shares( albeit there may be tranche out as security against loan);assume interim results and another one pence dividend announcement due in September.
Not a rapidly growing company but I'll take the 10% dividend yield, (almost) zero debt and decent cash generation. Hope Mr. Khoo keeps up the payments (he had a 26% holding last time I checked)...
Anyone have any notion if this share is going to rise at all.
European website gives you choice to pick France Germany UK Switzerland Austria Belgium Netherlands and Luxembourg for languages so would imagine that SEAsian site will do likewise eventually ...