Ashley (laura) Share Discussion Threads

[luckymouse] 23/8/2017 13:00

so rather than get in a new ceo who knows what they are doing they might raise

[dangersimpson2] 23/8/2017 11:13

I agree. The brand alone should be worth more than the current market cap but with the balance sheet weakening significantly and the strange transactions around the Singapore property etc. it's hard to make a case where the current shareholders are going to see that brand value.

[tomleafs] 23/8/2017 11:01

Not trying to de-ramp here but has anyone actually looked at the financials? The company only generated cash flow of £5.8m in 2017, however it has short term borrowings of £12m to pay back this year. How the hell are they going to pay that back?! Also, even more alarmingly, it appears to have a negative cash balance of £10.7m. Just look at the dash near Cash and cash equivalent and then go to note 4 to see the breadkdown. No wonder the board halted the dividends, they had no choice. You guys need to look at the financials or risk being seriously burned. Any else agree/disagree with this?

[clocktower] 23/8/2017 09:59

Not so RCT - Consider total UK sales of £252m from 167 stores with a total of 681,000 sq feet - turnover per sq ft is fairly impressive for a store selling the type of product it does.What is not so good is the margin, this clearly needs addressing and something that is easy to sort out with good management and good product control.

[rcturner2] 23/8/2017 09:14

Basket case as predicted, avoid.

[clocktower] 23/8/2017 08:55

The Singapore property purchase was always a questionable purchase. One wonders if they knew they were overpaying and would be likely to take a charge on it in the coming years.

[fenners66] 23/8/2017 08:44

An exceptional charge of GBP2.8m was recorded in respect of impairment on the Singapore property following a recent valuation.

[clocktower] 23/8/2017 08:37

The use of 74 weeks rather than 52 makes it just look worse than it really is. In fact some of the action taken will clearly impact this year in a positive fashion. A recovery could soon be underway imo.

[investment dave] 23/8/2017 08:30

Going blue hahaAll bad news priced in now and with sales rising and heading towards Christmas this will be back towards 15p in no time

[11_percent] 23/8/2017 08:14

Don't.......my guess, it will go to 5p and be suspended.

With a zero divi, this has nothing going for it.

[oakville] 23/8/2017 08:07

I have a buy order at 6.6p.

[blueball] 23/8/2017 08:07

6p anyone..?

[investment dave] 23/8/2017 08:03

This should recover all priced in nowChristmas period coming and sales will be flying in

[grahamg8] 23/8/2017 08:03

11% almost certainly that white elephant sometimes called the Singapore HQ. H1 PBT was £7.8m so H2 barely break even. UK sales have stalled and International is tiny at just 7.4%. It's a long and rocky road ahead.

[11_percent] 23/8/2017 07:59

Let's see the share price ....

[simon templar qc] 23/8/2017 07:55

Just checked pre tax at interims £8.20 after tax £6.20.

Equates to loss second half as I predicted.

Just too early to make a forecast on these figures.

[batham1] 23/8/2017 07:47

Still making money...more tea vicar?

[investment dave] 23/8/2017 07:45

A strong and expanding international presence is at the core of our strategy. We signed a new license partner in India earlier this year and we are looking forward to the opening of our first Indian stores next month. We launched our Chinese website in November and I am pleased that this is making good progress and enhancing our presence in the territory.Laura Ashley is known worldwide for high quality, beautifully designed products. 33% of our sales come from products manufactured in the UK. We are confident that the enduring nature and heritage of this much-loved British Brand as well as the execution of our business strategies, will help position the Group to grow and develop over the years to come."

[11_percent] 23/8/2017 07:44

Fromm the previous RNS.

"The results will show an exceptional GBP2.8m impairment charge due to the revaluation of a freehold property owned by the Group."


Can anyone see what the impairment charge was for.....I can't find it.

[investment dave] 23/8/2017 07:43

Sales up 5.6% we knew about the profit

[11_percent] 23/8/2017 07:41

In June 2017, we opened our first Tea Room. Located in the Regency Hotel, Solihull, it has met with both customer and media acclaim. Further Tea Rooms may be opened as we refine and develop the model.

----
At least the Tea Room is doing well.....lol.

[simon templar qc] 23/8/2017 07:41

Didn't they make something like £8 million in first half?, the total numbers suggest a loss in second half which is a bad deterioration.

Only had a quick glance but there is a lot to do and with the UK economy set to weaken further its too early to predict a full recovery.

[11_percent] 23/8/2017 07:37

ID,

Can I suggest you get an urgent appointment with your doctor.

[investment dave] 23/8/2017 07:36

We are focussed on addressing the challenges which our business has encountered over the past year and are confident that we are well-positioned to overcome them. Our online performance continues to be strong and we saw like-for-like online revenues grow by 5.6% over the year. Customer responses to the improvements we have made to our multi-channel offer have been positive and we are committed to its ongoing enhancement and development.

[investment dave] 23/8/2017 07:35

This isn't too bad is it? I was expecting much worse to be honest.Looks like this one will recover and do well