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Laura Ashley Confirms It Has Not Received Any Takeover Bid
just top see what happens ...
-- BB --
RogueRiver...... It’s a hostile bid. Let’s see how it plays. Whatever happens the SP will rise tomorrow.
Hmm, haven't we been down this path before - with Debs? Everyone was certain Mike Ashley would be making a bid (29.9% shareholder and all that). Once bitten twice shy here, I'm afraid.
Laura Ashley tells investors that it has not received a takeover bid
Embattled British retailer Laura Ashley confirmed this evening that it has not received any takeover offers, as speculation mounts over a potential bid from entrepreneur Michael Flacks.
The textile design company’s chairman said today that the group had no intention of selling its controlling stake following a Sunday Telegraph article which said that Flacks is set to approach the group’s Malaysian controlling shareholders about taking the company private.
http://www.cityam.com/273744/laura-ashley-tells-investors-has-not-received-takeover-bid
This looks like a hostile bid for Laura Ashley! Looks like the bid offer will start at 12 to 15p per share (which is low imho). I think Future Group (India) will also enter the fray. This could drive the price up further! Monday and the rest of next week is going to be very interesting!
Pity the shorters who have 75m shares out on loan. They will be toast tomorrow!
https://www.telegraph.co.uk/business/2019/02/23/struggling-icon-laura-ashley-gets-takeover-bid/
talks of above average season sales and it hasn't ended yet.....watching carefully....usually pops early January on good sales.
Top faller
A lack of tax receipts from amazon and ebay needs addressing first of all and the lack of enthusiasm from HMRC to collect is extremely baffling.
brave
My Wife and I love Laura Ashley , but it is just too expensive , they need to lower their prices . It would be a great loss if they went bust. They are the true British style shop.
... and not 1 post !!!! say's it all.....
Unless the government start taxing online shopping I think that the high street is finished. Thank God Laura Ashley has a large online presence!
Share price no looking good, this share is only for the very very brave!
do you see high street closing down .all suffering
I can see this closing down soon. No real demand for Laura Ashley products (IMO)
If anything I see this going bump like House of F and possible Debhenams (very soon)
I strongly urge everyone still holding their shares to submit a proxy vote against the re-election of the directors. Most people hold shares with their nominee (their stockbroker, e.g. Hargreaves Lansdown Nominees Limited) so you can contact them and instruct them to cast your votes against the re-election of the directors.
Finally, should anyone agree that this company is being destroyed by hapless management then please message me as I am putting together a consortium of shareholders to push the board for change and welcome all support.
Are you asking Stew re 22 Aug?
So why say strong buy
Look at the antics here, Sneakypoorean directors are milking this dry from dodgy property investing to under table dividends to each other fully exonerating themselves. Nothing here for investors
what do you base your "strong buy" opinion on?
Certainly positive interim results and I'm glad they offloaded the Singapore property - bad idea and it cost them. However, sometimes you have to cut your losses.
Also, I have seen a marked improvement in their channels to market. I think the Urban Outfitters move is interesting and could be a template going forward.
I get the strategy with the 'experience' approach which can then prompt purchases of ALY products - I think it is high risk though.
Look at the share price over the past 5-10 years - we have had these "this time it is different" periods before with sharp spikes in valuation followed by a slow grind back down.
I came back in at 5p to average down but I'm certainly not betting on this one being a straight line up from here on out.
In my opinion! Business going through a refinement with better times ahead I feel.
They paid 66 million SGD for it. Paid interest on the loan for three years and now plan to sell it for 54.5 million SGD. And separately they lost earning anything on the 23.1 million SGD they paid as the deposit.
Where exactly does the profit you suggest come from?
Retailers are being encouraged to be more innovative to justify their shops .Sean Anglim says the new concept of LA themed establishments act as showcases for their products and the patrons who can afford their hotels prices are the very people who can afford their products .Having spent time at a hotel they may take a liking to the curtains or a sofa and wish to own it. So this concept can help with turnover in the hotels, tea rooms and the shops >It shows they are thinking about for ways of improving footfall .and revenue and have not given up on this company .I feel more confident about this new approach and the fact they have rid themselves of the Singapore property. If they don`t make any more forays into overpriced foreign property markets and avoid impairments we should should see an improvement in the bottom line next year. £100,000 profit won`t be hard to beat and perhaps the share price will creep up a little in 2019..LA seems to be a niche brand so I don`t think it will go the way of some other retailers...