The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
FY17 Placing £27.1m Loss £28m Expected FY18 Placing £35m EXPECTED Loss £39m (£16.9 burnt off in H1 already) + high inventory expected. Therefore ANOTHER placement is due in next 4 to 6 months. As before, beware when buying in at this price!
ygriffiny. Perhaps you should check the fundamentals. Last full year Accounts - FY17. - FY17 net LOSS (A$ 28.5m) - FY17 cash reserves A$ 16.9m Last interims March 2018 - net LOSS half year - (A$ 16.9m) - cash raised through placement A$ 2.4m A blind man on a wild horse can see that another placement is coming! So the companies cash was wiped out at the last interims. At the current burn rate another placement will be needed very soon I.e 4 to 6 months. Beware at buying in at this price.
Sorry to spoil the party, but this stock has been pumped and is about to be dumped again.... look at the last few occasions on the 6 month chart..... A rise based on hype and tenuous news followed by a drop to 4p... again..... This business will only grow legs if the final results are good, the business swings to profit, and there is no further share placing (dilution). Note that the results in March showed a wider loss of circa AUD £17m.... a bigger loss than the previous FY. At the current rate of burn SEE will run out of cash over the next four to six months, and will need to do another round of placements, with the inevitable drop in SP... again. Buyers beware!
Probably associated with improvements in currency exchange rates, which will positively influence ALY’s in year profitability.
The retained £4.3m profit for the last declared period. Obviously not shown in the latest accounts, since these accounts are not due until Aug 18.
The current rise is coincident with the rise in sterling. Note at the interims, it was mentioned that the main driver for profit was current exchange rates I.e Sterling. Sterling up, profit up..... SP up? Sales were only down 0.5% for the last FY. With cash in the bank and an expected £6m to £8m profit for FY18, there is little downside/risk here.
Looks like we are seeing a breakout! Still expecting to see between £6m to 8m PROFIT for this period. Maybe even see a token dividend being reinstated. I think the overseas offerings will drive sales and profit this year. UK probably flat.
I wonder when Tan Sri Dr Khoo Kay Peng will sell his majority stake (he owns over 50%) in the Company - he is now 79. Will he will sell to a private buyer, or put the business up for sale? That should stir the Share Price?
Shorts coming through on ALY in advance of the update circa 16th Feb. Of note will be the UK on-line sales and the new overseas offerings (a major shift out of UK retail). Before people start capitulating it should be noted that ALY have been operating out of 538 Future Retail Stores in India between the last reporting period to date - this has not yet been shown in any previous figures. Also through the Nanjing concession in China, plus Chinese online sales. Both of these new offerings have the capacity to exceed the general falls associated with UK retail. Now is the time to buy, not sell. Expect a resumption of dividend in 2018.
AJ16. De-ramper!
AJ 16. You are a serial de-damper!
Not the Chinese, but the Indians. Future Retail (India) has taken a very close interest in Laura Ashley Lately. Probably kicking the tyres as we speak. Future Retai are seeking “brands” to compliment their portfolio - they have been collecting a few over the past 12 months. The Laura Ashley “brand” will sit well with their portfolio...... the money is in the brand! Take over highly likely IMHO. http://www.futureretail.in
Are you on drugs or something? Nice de-ramp, but no cigar!
The Chairman - Khoo Kay Peng is aged 78. He owns/controls 61% of the total shares in Laura Ashley. I think he will put the business up for sale!
It's not all bad news.... the company maintained it share of sales and ACTUALLY made a profit - albeit reduced. The question is who is going to make a play at buying/taking over this company? The chairman/major shareholder will probably be looking for an exit, because of his age - will this happen over the coming months or years? Who may buy it and at what price?
Three signs. 1. The number of store and on-line discounts at Laura Ashley are reducing. Are ALY winding back discounts, because sales are picking up? 2, The ALY catalogue came through our post box today. It was very good and felt quality (when companies are struggling the go thin and cheap - this was far from it). 3. We ordered a tripod lamp earlier this week. It still hasn't arrived. When I called, the lady said they are experiencing high volumes at the moment. It will be in store by the weekend. High volumes? Sounds positive. I think we will see some positive movement in the SP when the next RNS is issued over the coming weeks.
..... Future Group, India.
Yes.... but the order book does not show “dark pools,” which are batches of hidden orders maintained by large players who do not want their trading intentions known to other traders. The presence of dark pools reduces the utility of the order book to some extent, since there is no way of knowing whether the orders shown on the book are representative of true supply and demand for the stock. Manipulation can cause the SP to swing dramatically..... then swing dramatically back, as we are about to see here - to 20p imho.
The SP was walked down to sub 10p on no news (the profits warning was already baked into the 18p to 20p share price range imho). Now the MMs have loaded up, they are going to walk it back up. Seen this so many times!