Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Looks like more consolidation is happening on the high street - Laura Ashley is being taken over now?
https://www.telegraph.co.uk/business/2019/02/23/struggling-icon-laura-ashley-gets-takeover-bid/
Looks like Laura Ashley is being taken over. Wonder if Debenhams is next?
https://www.telegraph.co.uk/business/2019/02/23/struggling-icon-laura-ashley-gets-takeover-bid/
RogueRiver...... It’s a hostile bid. Let’s see how it plays. Whatever happens the SP will rise tomorrow.
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!
Tomorrow morning will probably be a very good point to take some profits based on the RNS last week. I think we are going to see lots of selling tomorrow - initially driving the SP below 10p..... then over time back to 6p. The fundamentals just don’t work here.
Take profit while you still can folks! SEEs SP has been defying gravity over the past few months, pumped up with hype; not driven by fundamentals! Reality arrived on Friday (RNS) - the price will be firmly back in 6p territory soon.
2016 SEE made a net loss -AUS$14.1M 2017 SEE made a net loss -AUS$16.7M Overheads and stock have increased significantly over this period FY18 - SEE have had to push sales into 2019 due to “issues”. Which will have a dramatic impact on sales and profit.
Just remember this company is expected to announce a Net LOSS of AUS$33m to $35M in the Sept results....... The biggest loss so far during its operation. Sales pushed out into FY19 May even make this figure worse. This company is burning up cash too fast, so don’t be surprised if there is another placing. Don’t get caught up in the hype....
Probably a bigger cash call required in 4 to 6 months. With sales (and profit) into next FY now, plus a LARGE anticipated loss this FY year. I predict another placing around the same period as last year..... Like all the cash calls (that were going to be the last...honest..... promise!) over the past four years. Jam tomorrow company - beware!
None of ALYs market competitors have budged today. There is no news from ALY. No announcements are due.... as I mentioned previously when I held Premier Farnell a year or so back, that SP behaved like this share. Strong drive up; unable to buy/sell. Then the take over offer happened. Question is, if it is a takeover, what will the bid price be?
Can’t buy or sell shares at the moment in ALY..... last time that happened to me was when I held Farmell...... and they were take over. Here’s hoping?
Fact. SEE is a loss making company and has burnt through significant cash over the past 2 years. This year (3rd) year is going to be even more than the last 2 put together. So a company can either make a profit, which SEE isn’t going to do this year or next or possibly the year after that.... or raise cash through a placement which I predict will be in the next 4 to 6 months. This is the same conversation bounded on this B.B. over the past 5 year. I remember the other year when KK said we “have a long runway” and we don’t anticipate any further cash calls...... and here we are 3 placements later. Bet there is a fourth one soon That is why the SP is not shifting. The company is loss making, with no immediate prospect of turning a profit.Jam tomorrow. Beware!