Member Info for sprinkler

They did cancel a little over 44m treasury shares, Morbox - there was an RNS on 11th August.

I believe it's a requirement to make announcements of any changes when more than 1% of the company is owned. It looks like EMG own more than 1% of the International Paper Group.

grrshaw, the Q3 figures are for the 9 months so far, not for only Q3.

The cancellation of treasury share will have no impact on the share price - the shares have already been purchased on the open market as part of the buyback and that's what would give (or already has given) the price impact with less shares in issue. The shares are only being held in treasury to be able to use them for incentive awards instead of having to issue new shares for that purpose. If they are used for incentive awards then there are more share in issue again and that would (in theory) reduce the share price. It's purely an admin reduction in holding them in treasury to save issuing future new shares. They could cancel them all tomorrow and it would have no impact at all.

It depends on what you want. If everything was equal a special dividend of 20p would reduce the share price by 20p and the value of your investment drops. If shares are purchased with that money then the share price and your investment value should remain the same. Either cash in hand and a lower investment value or no cash and a maintained investment value. If you want the cash then sell some of the shares and have the same effect.....

I received a receipt automatically with a recent purchase. They did ask me if I wanted a separate gift receipt which they normally do in the run up to Christmas. No questions about the normal receipt though.

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?

Anyone heard anything about the date of the full year results? They were released 23rd August last year so should be imminent.

The interim accounts that were shown would include any effect of the profit for that interim period - and still an �8.5m overdraft. Profit also does not necessarily equate to cash. Money spent on assets for example would reduce cash and not affect the profit other than by any depreciation for that period. I'm a long term holder down by a lot on my purchase price but cannot see how they will ever generate enough cash to resume dividends unless they dispose of the folly of the building they purchased in Singapore....

Where do you see the cash in the bank Yanar? The interims showed an overdraft of �8.5 million.

Hi Tomglan, sorry, I don't get that. My thinking is that the share buyback will reduce the number of shares in issue by close to 5% but not increase profits. If no figures change then the percentage of profit per share will look higher because the same profit is divided over fewer shares - the RNS mentioned the earnings per share looking better for that reason I think. In theory the benefit to the investor is that the share price should go up because the company has the same market cap and there are fewer shares in issue to divide that over. I look at it more of a way of supporting the share price. Accept I might be completely wrong! How do you see the buyback affecting (increasing) profits?

Roughly - cash at the end of June 2016 was £5m, cash at the end of June 2017 was £-10m. Negative cash flow of £15m which basically equates to the £14.5m interim dividend payment. If no dividend is paid then cash is neutral. This property in Singapore to me is a problem. If the debt is being serviced from UK funds then the cost of servicing that debt is much higher because of the exchange rate drop since the Brexit decision. Exchange rate at the time of acquisition was $2.12 SGD = £1 GBP and now it's $1.74 = £1. Agreed monthly payments of $297k were equal to £140k at the time (RNS 30/06/2015) and now £297k = £170k. More than 20% increase in cost (in GBP terms) AND a reduction in the valuation of the property of around 8%.

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...

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?

Greenstone subscribed for the shares and therefore have a right to place someone on the board. It's not quite the same as the directors owning 29%...

A good find Rebound. She's closing her own label which has been running for twelve years and is much loved in the local market. They must have had a seriously good sales pitch to make her give up everything she already had and join. Looks very promising.

Except that there's no audited accounts for a further 5 months. Four months to audit and publish from the end of January or the same time from the end of June. Why the need to extend/delay?

http://www.shareinvestor.com/news/news.html?source=sg_si_express&nid=114803

I'd planned to sell 200,000 and keep the remaining 20,000 in the company to see what happens. Halifax share dealing gives me the option of accepting or not accepting for the full 220,000 that I hold. Has anyone experienced the same and knows a way around it? Thanks.

That was an uncrossing trade, not a purchase.