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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Land OF Leather | LAN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.95 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.95 |
| Top Posts |
|---|
Posted at 10/10/2008 11:16 by trojan Day's to do imo!!Makes you wonder why the new investors bought in and what they thought was going to happen in the short/med term as any idiot could have told them about the gloomy period ahead!! Will it make it to the peak period which has got to be their only aim at present???? |
Posted at 10/10/2008 11:07 by still waiting another step closer.investors have done their money here, management will downsize and run the best sites after it's gone under via the liquidators. only option as I see it. |
Posted at 12/7/2008 10:09 by judgement LoL successful in finding a new revenue stream. Now an even stronger, well funded company.Land of Leather Holdings plc (LSE: LAN) ('Land of Leather' or the 'Company') announces that by 11.00 a.m. on 11 July 2008 (today), being the latest time for receipt of Application Forms and payment in full or settlement of CREST instructions under the Open Offer announced on 19 June 2008, valid applications had been received from Qualifying Shareholders in respect of 8,504,527 New Ordinary Shares, representing 28.4 per cent. of the 29,945,226 New Ordinary Shares available under the Open Offer. Therefore the balance of 21,440,699 New Ordinary Shares not applied for by Qualifying Shareholders in the Open Offer will be taken up by the investors who applied for shares in the Placing. The New Ordinary Shares to be issued pursuant to the Placing and Open Offer will be credited as fully paid, will rank in full for all dividends and other distributions declared, made or paid after Admission and will otherwise be identical to and rank pari passu with the existing Ordinary Shares in all respects. The Placing and Open Offer, undertaken to raise £15.0 million (before expenses), remains conditional upon, inter alia, the passing of the Resolutions at the EGM of the Company at 10.00 a.m. on 14 July 2008, and admission of the New Ordinary Shares to the Official List and to trading on the London Stock Exchange's market for listed securities. Application has been made to the FSA for the New Ordinary Shares to be admitted to the Official List and to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on the London Stock Exchange's market for listed securities. It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence at 8.00 a.m. on 15 July 2008. |
Posted at 21/6/2008 09:07 by karn evil 9 The stores will now be swamped with potential investors !!!3 million through the doors and one sofa sold. |
Posted at 16/6/2008 23:26 by m.t.glass Retail experts said yesterday that, with little prospect of an upturn in trading conditions on the high street for the next year, the fundraising package was critical. Richard Hyman, strategic adviser at Deloitte, said: "Things are going to get worse before they get better. The first half of this year has not been great, the second half will be worse and the first half of next year - that's going to be pretty awful." Land of Leather's shares rallied on the news, ending the day up 16 per cent, or 1p, at 12p. Despite the jump, the company's market value is only £6 million. Leading institutional investors, such as Legal & General, refused to say whether they would be supporting the rights issue, which is expected to be unveiled towards the end of the week. Kaupthing and Investec are expected to co-ordinate the cash call, which comes only three years after the retailer floated on the stock market, generating windfalls for its founding directors. (The Times, update) |
Posted at 16/6/2008 10:30 by m.t.glass "..Further details are expected this week of a transaction that is expected to involve an injection of about £5 million capital from Agilo, a distressed debt investor, with existing shareholders contributing the balance. The support of the investor bloc and backing by underwriters means that the company's cash is guaranteed, even if some shareholders allow themselves to be diluted by refusing to participate..." (The Times, update) So £13m coming from shareholders. Can that be translated into a dilution factor without knowing how many new shares per current share? |
Posted at 15/6/2008 17:36 by cyberpost SCS Upholstery says in talks to raise additional working capitalLONDON (Thomson Financial) - SCS Upholstery Plc. said Sunday it is working with a number of external parties to raise additional working capital after the company's shares plummeted last week. A report in the Sunday Times said KPMG is lined up as an administrator if the SCS fails to effectively restructure following the appointment of Ernst & Young to aid the beleaguered company. The newspaper said SCS is in discussions with a number of investors to provide additional finance, which was confirmed by the company. However, the Sunday Times cited city sources as saying some parties approached by SCS have already rejected the opportunity to invest. SCS said in a statement that currently it is cash positive with no net debt. It added that it is working with its suppliers to address their working capital requirements, after news Wednesday that the suppliers of the specialist sofa retailers had their credit insurance removed sent SCS's shares tumbling. "The unexpected and sudden withdrawal of credit insurance from the market, which has impacted us and other retailers, has placed a strain on the working capital needs of our suppliers," SCS said Sunday. UK peer Land of Leather has also been impacted by deteriorating conditions in the high street. It is close to agreeing a rescue financing packing, estimated in the region of 18 million pounds, according to the Sunday Times. |
Posted at 03/6/2008 07:21 by m.t.glass "..The sofa retailer Land of Leather had a day to forget, as investors ran for the hills on fears it was set to breach its banking covenants. This followed reports over the weekend that it had brought in KPMG to help reorganise its banking facilities. "The feeling is it must be in a mess if it can't sort these problems itself," one trader said. It closed down 32.5 per cent at 13.50p..."(The Independent, 3 June) "..Land of Leather dived 6½p to a new low of 13½p amid worries about debt negotiations with its banks. It owes £53 million to suppliers and other creditors and is likely to have quarterly rental payments due this month.." (The Times, 3 June) |
Posted at 31/5/2008 22:48 by homeboy35 Thanx Gooner, sorry to Investors , but hoping for another leg down ealy next week, and then looking to cash in. Safe bet, but want to put funds into shorting even worse cases. It's ruthless, but lets face it, capitalism is a ruthless game. Not my rules, ref! |
Posted at 14/5/2008 23:38 by madgooner LOL! by name and by nature?They took it private (screwing investors) then sold it back to sad cases.. now its looking sick again, anyone up for a repeat... from administration is a possibility. bust companies have no value. Alternatively upside is high...oh risk/reward in balance...imagine that.. |
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