Assuming the completion of the recently announced RDC disposal arrangements,
Alldays' total borrowings, on a pro-forma basis, were approximately #175
million at October 31, 2000.
The consolidation of the store ownership through the completion of the RDC
buy-in/disposal programme has created a national network of directly owned
stores and a platform with the potential to increase future trading profits.
It is recognised that this improvement in performance will require both time
and further investment to achieve. The Board is, therefore, in response to a
number of expressions of interest from potential purchasers, also exploring
the possible sale of thebusiness.
George Duncan, Executive Chairman of Alldays, commented: 'The completion of
the RDC buy-in/disposal programme represents a watershed for the Company. With
this major exercise behind us we are now considering various options open to
us and as part of this process are responding to recent approaches from
potential purchasers of the business.'
Nearly all buys today, with the price as cheap as its ever been I'm only supprised there are any sells at all!
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