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Give it 12-18 months and this share is going to fly!
Agreed. This should rerate (soon).
Would rather be optimistic than negative all the time especially when things actually are looking much more positive and yes I do have a big stake here as I have openly admitted to. My average is 5.6p from plenty of averaging down and no I’m not underwater as I have a large trading account from profits elsewhere. I don’t claim to know anything about you so don’t know where that came from! The reason I am now very optimistic here is the current mkp vs potentials, i.e expasion plans, Laura Ashley brand and online fashion. Good luck.
My friend you know nothing about me. What I know about you is that you seem to have a significant holding and are either an eternal optimist or wear blinkers. Facts are facts, no more no less, you can try to ramp things up, but whistling in the dark is simply that. I have been holding for many many years, during that time it's been a steady slide, I've even been in contact with a board member to question things. It is my sincere wish that a British saviour will step in but it's looking unlikely as who would want it?
Good to see some cost controls, after their reckless Singapore "expansion" into Asia.
why the impairment charge of 4.7 million then which means it wiped out profits leading to a £100.000 profit for the year 2017/18
Didn’t they actually make a profit on it in the end? Lol and also some where questioning the actual ownership!great result in my opinion
well at least the market is pleased they got rid of it.
Did they do such a good job in buying it in the first place which has incurred impairments .The market did not like the purchase at the time and the whole exercise lost money >Don't congratulate them .
Today without any issues. This business looks like it will potentially turn around and make good profits. Management have done a good job with the sale of the Singapore property
What ever they do with the 54m this sounds extremely cheap. We know about the revenue declines but other areas of the business are growing considerably. This doesn’t look like it’s going bust as the mkp thought
No. They said they will use the money to pay back the debt and cash will increase by about 10 mill. 30% of current mcao. i suspect market makers might take this up on open anyway so there wont be any money to be made by anyone jumping in today.
Is 54$m more than the mkp if the sales go through ? This is really cheap atm
Anyone heard anything about the date of the full year results? They were released 23rd August last year so should be imminent.
Your not exactly mr current affairs are you? Big expansion planned in the hotel section and the Laura Ashley fashion coming back. Also the 2 shops I sometimes go to are always very busy even though I don’t agree with their “sale” marketing strategy
You must be having a laugh??
Until this company is back in British hands it will do nothing significant in my opinion.
Still got a large position here admittedly sitting on a loss however good times ahead are about to happen. Laura Ashley will potentially do very well especially with their global hotel expansion as well as this excellent news just out. https://www.refinery29.uk/vintage-laura-ashley?utm_r29_redirect=us
https://www.today.com/style/laura-ashley-urban-outfitters-serve-90s-nostalgia-t134793
I do hope not.
Looks like MUI is serious about making Laura Ashley a lifestyle brand (adding hotels, spas, tearooms etc.). MUI reorganising and it appears LA will be (remain) one of their core businesses. Good news imo. MUI chief executive officer Andrew Khoo Boo Yeow: “As for the business transformation part, Andrew reveals the group is steering all the brands under its umbrella towards a “lifestyle concept”. To me, it is not just about owning a collection of established brands, and not just about being in the retail, hospitality, property or food space. We want to start becoming a lifestyle business, and tranform our brands in line with that direction,” he explains” (...) “According to Andrew, retail and hospitality will remain the driving engines of MUI’s business, but the way these segments grow will be lifestyle-based, as the group seeks to find a unique selling proposition that works. For its Laura Ashley brand, for instance, the transformation towards a lifestyle concept is already evident in the United Kingdom. Besides women’s fashion and home furnishing, Laura Ashley now operates cafes and hotels business. The next phase for Laura Ashley, Andrew reveals, is to venture into the spas business.” HTTPS://www.thestar.com.my/business/business-news/2018/06/30/rebuilding-mui/ (Posted by greedfear on advfn)
Mike needs to meet Laura....he's saved House of Fraser?
Glad to know there are other disgruntled shareholders.
Have you attended an AGM? I would be interested to know the general atmosphere at those.
The company is now valued at c.£30m and this is based on assumption that value continues to be destroyed which is not inevitable under proper leadership.
Looking at the ownership, one of the big issues is that 60%+ is owned by the Chairman and Malayan United Industries.
That said, Ruffer owns 5% and they are British active fund so I'm surprised they are not making moves on the board.
You would have to imagine - given the current state of affairs - that a significant minority of shareholders could be motivated to demand change.
achtungHanky I agree with everything that you say.
I've been saying for a long time now that the company is being driven off a cliff. I went to the local Bristol store last week and it's still the same old mixed up mess with nothing to make it stand out. Goodness knows who their buyers are but they should dump them quickly and get design led people in to concentrate on made in the UK. The only slight positive is that the SP seems to have bottomed.
Thankfully also the posters here who were begging it up last year seems to have evaporated.
Wow someone knows something I don't ..........
interesting article. I'm not sure how they will fund over 100 new hotels over the next 5 years... ALY already has its fair share of debt. It could well mean dilution.
I have no problem with this segment of ALY but the strategy for me looks undefined.
I think the major hurdle is the close ownership of the chairman + MUI will mean change is hard to implement.