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I had a reply to a message I sent them on FB regarding the language. Apparently it detects where you are from the ip address and gives that language on the site. No way to change. I've replied making my points about Asia being the aim for growth (Singapore office purchase and recruitment of Jo Soh) and online also being the growth area. Just seems like they might be missing an opportunity...
Interesting point regarding lack of language translation given online sales a growing part of business.... Expect shareprice may bounce back next week on payment of one pence dividend on 12/7 but assume that retail sector will remain weak( excluding Mulberry and Burberry who will benefit from tourists taking advantage of cheaper handbags: women buy bags regardless of Brexit "doom and gloom"?)My current thinking is that will buy more ALY shares if 20.5 p to buy( net) as this will return 9.75% per annum based on Two Pence yearly dividend being maintained...and would not expect Koo Kay Peng who owns most of Company to reduce payout.
I'm in Korea at the moment and for whatever reason decided to go to the Laura Ashley website. Everything is in Korean language with no obvious way to change to English (or any other). I'd assume this is the same if I was in any other non English speaking country. The translations must be there for all languages, why not make them available? Surely they're missing the potential sales to expats for something that should be simple?
Judge begs Laura Ashley boss and his beauty Queen ex-wife to "declare an armistice" as their divorce racks up lawyers bills of more than £ 6 million..(Daily Mail) whilst breaking news states that Mr Justice Mostyn is examining preliminary issues over division of money( if the couple fail to agree).
loses one pence dividend tomorrow; no idea on divorce currently ( yawn); retail sector generally looks oversold still with sector leaders being down by 38% fibonacci in a lot of cases; my daughter works in centre of London and is keeping busy..plenty of wealthy tourists with cash to splash ; expect once ex dividend this will head towards 20 p at which point a return of nearly 10% per annum will be too good to ignore!
How's the husband & wife diorce going, that being resolved should help this share.
paid July ...one pence dividend giving 4% return on current price quoted to buy of 24.24 p( 8% per annum assuming that Owner continues to declare same dividend again).Retail shares currently generally doing a 38% retrace from last years highs...MKS down 38/39% for example in 355/358 p zone...but does not pay as good a dividend.
No change actually in Bonham Industries holding...as being used as Security for Bank Loan
Relates to disposal of nearly 15% of Bonham Industries ( Koo Kay Pengs vehicle); in the medium term,I assume that this is positive
Quoted above for buys between 4200 and 25000 number....sp sold down to 22 p on opening(ATs) ....top down comparison with MKS suggests below 24 p net is a buy
Profits down revenue down but more than enough cash to continue paying one pence dividend...my initial calculations suggest sp should be over 27 p regardless of market conditions
Investors wondering why shareprice falling should read article dated 12/2/2016 titled " Laura Ashley Boss ordered to make settlement offer in ' titanic' divorce battle"...,its not impossible to surmise that shareprice is being driven down on the basis that there may be a reduction in the number of shares being held by boss ( as unlikely to sell hotels?) and thus a large ( delayed ) trade.Personally think ,that in the medium term,this would be a positive for the shareprice as will improve liquidity and probably see Rutter or other large holders consider increasing their stakes.
Driven down to 22.25 p this morning on ATs....quoted 23.5 p to buy small amount Think the sp now back to August 2011 level so may have bottomed out given that was over 4 years ago and 36 p high less 38% is 22.32 p but lack of news continues
year on year up about 5% and this is confirmed by my daughter who works in London and her personal experience which gives her access to sales figures over the last two years so why are Laura Ashley currently so low eg they have not risen the 8 to 10% that other retailers have since the lows earlier this month.Honestly,I have no idea as to why ALY has gone from 36 p to sell to 24 p to sell and suspect that a 33% fall is overdone; perhaps the Singapore Office ,perhaps the results being later than usual and perhaps a lack of news regarding the Australian franchise which is in administration.Think it safe to assume that market does not expect the 2 p per year dividend to be maintained as an 8% return seems too good to be true!?Please note that my daughter does not work for Laura Ashley but a medium- sized retailer that has seen a turn around over the last two years as it continues to focus on reasonably priced products as opposed to high end luxury goods( not entirely unlike Laura Ashley!?)
I read somewhere that retail volume picked up markedly in January so maybe we will be ok volume wise. I have a feeling there is quite strong support at the present sp level, always depending on general market conditions, and we are protected by the high yield if maintained. All in all an interesting prospect for the remaining q1.
The market in retail has fallen over 30% generally since late last year...looks like a CON trick to me but its happened before ..Consumers are better off in the UK ( the bulk still of Laura Ashleys sales) but the sp hits sub 23 p today....petrol prices fallen ,consumers generally better off and housing market still has excess of demand over supply.....expect 20 pence share price( another 10% down at least!) then BUY!
Todays crash hits Retail shares and ALY fallen back to August 2011 levels with sells to around 23 p which represents a 36 % fall on last years high; perhaps more news from Australia is in the wings.
see Smartcompany.com.au article of 20/1/2016 for " Laura Ashley up for sale. as administration continues:who are the likely buyers?"...38 retail outlets with sales of $ 42 million.
Former Miss Malaysia granted divorce by UK courts...see Daily Mail "Former Miss Malaysia wins battle to have ...ex- husbands £440 million fortune divided in UK Courts where she will get a better deal."
Seem to be a lot of shares changing hands at 26.5 p ....for second day running....Lack of a trading statement for ages may be part of the reason after recent Oz related RNS.Have pencilled in to buy if shareprice drops to below 23 p as will then have fallen 36% off last years high.
Large number of AT s at 26.50 p followed by rise in sp to 26.875 p !?
I sold out at a loss yesterday. The Australia news has made me wonder how well the rest of the business is doing. Its one of my rules to get out quickly on bad news .
a quick search of news on Laura Ashley Australia shows this was 5 days ago,..not impressed ! Sales at 25.75 p understandable especially as Divorce Case likely to reappear in London in April Am now left wondering if there is an " agenda" to reduce value of Company before Divorce Case Surely a Trading Statement is due in the near future!?
Mild weather,stock problems and Competition hit NEXT today...would expect MKS on Thursday to be more resilient given Food sales outweigh clothing and likewise ALY are not so exposed to mild weather given clothing a small proportion of overall sales.