Ashley (laura) Share Discussion Threads

[srpactive] 15/2/2018 08:09

k6

Yes dividend was stopped at the last set of figures,
so nothing new, online and China look interesting,
on two platforms with another two soon, hotels
and tea rooms being push and licensed, hotels
internationally and domestically. This is very
interesting as we get an awful lot of Chinese visitors,
and we made a profit, so not looked too deep, but
we shall see, dyor.

[kirk 6] 15/2/2018 07:52

Eh?? Divi went ages ago. Online sales are up

[funkmasterp12] 15/2/2018 07:09

Yikes... Divi gone and terrible numbers.

[kirk 6] 15/2/2018 02:23

Srp / gal / fen - going forward then to 2018-2019 what's on the cards???

[galatea99] 15/2/2018 00:44

These discussions on Stocko in 2015 shows that the writing was already on the wall for Laura Ashley.

hxxps://www.stockopedia.com/content/an-analysis-of-laura-ashley-102520/

hxxps://www.stockopedia.com/content/stock-in-focus-laura-ashley-is-dressed-for-success-108123/

Some of the subscriber comments lay out everything that was going to happen over the last two years (2016, 2017), serious doubts as to the management's ability, even to the property in Singapore being clearly rather a stupid move even at the time it was bought when it was clear there was going to be a property glut in Singapore and its value was bound to fall.

[srpactive] 14/2/2018 09:19

f66

From whom I wonder, the authorities need to
be informed of all the points you have raised,
this is so wrong. No wonder the agm is in Malaysia.

[fenners66] 14/2/2018 09:16

srp but he got a valuation to say that the value had gone down......
and he needed to write some off......

[fenners66] 14/2/2018 09:13

Doesn't that chart tell you anything?

[srpactive] 14/2/2018 09:13

Now market cap £38m, so the whole of Laura Ashley
is worth only £7m more than the price paid for
the Singapore building?

This is also with the Singapore property market doing
well last year and predicted t do well this year also.

dyor

[fenners66] 14/2/2018 09:12

kirk he's appointed what his son in law to the board?
He makes any decision he likes
Do you think that is the sort of man that would turn this ship around and gift the fruits of "his" labours to complete strangers?

[kirk 6] 14/2/2018 06:57

Fenners not true things change life change people change I reckon even your opinion will change when you eventually buy in

[fenners66] 14/2/2018 00:34

The results do not matter cox - when you have 1 man who can make all the decisions - like spend £35m on an irrelevant property , in a country irrelevant for sales......

[blueball] 13/2/2018 21:28

stay short.

[coxsmn] 13/2/2018 19:03

Shares are priced for a total disaster, lets hope the upcoming results are not.

[srpactive] 10/2/2018 09:56

f66

Yes I cannot disagree unfortunately, at one stage
back in July 2015, aly was cash rich, no debt,
making millions, paying a 2p dividend, and a share
price of 35p with a market cap of £250m approx.

As you say all scripted, we shall see, and this is meant to be legal.

[fenners66] 09/2/2018 17:21

The thing is this is NOT news to the City and the shares have been falling for years
they can see where this is going

[fenners66] 09/2/2018 17:20

Net Book Value At 30 June 2016
3.9
Floor space in the commercial building in Singapore that is not currently being utilized by the owner, ‘Laura Ashley (Asia) Pte Ltd’, is being actively marketed for rental. The possible rental portion as per the estimate below has therefore been reclassified as an investment property with cost and depreciation allocated accordingly.
Sq Ft
Total floor space:
98,254
Rentable area calculated on the following assumptions:
1st floor + terraces 12,034
4th floor (Unit 04, 05, 06, 07, 08 & 09) 9,612
5th floor 15,199
6th floor 15,199
Total investment area 52,044
The Group’s land and buildings in Singapore, including investment properties, were valued on an open market, existing use, basis as at 30 June 2017 by Knight Frank who determined a total value of SGD 61m (£34.1m) at that date. This valuation was below the carrying value of the land and buildings in the financial statements at that date and was considered by the directors to be an indicator of impairment. Following a full impairment review by the directors, the recoverable amount of the land and buildings was determined to be the fair value less costs of disposal of £30.8m with reference to market prices of similar assets and the investment property was
determined to have a recoverable amount less costs of disposal of £3.5m. Accordingly an impairment charge of £2.8m has been recognised in the Group Statement of Comprehensive Income.

The pro-rated rental income on the investment property was £18,064 and the direct costs attributable amounted to £36,096.

So now most of it is an investment building ? Which loses money at a rental level and gets £m's written off as well......


All going to plan then?

[fenners66] 09/2/2018 17:13

They analyse Singapore (after the write down) as having 62% of asset base and 0 % of sales.....

[fenners66] 09/2/2018 17:08

Tan Sri is a "non-executive director" so it says ; who attended 5 board meetings , 3 remuneration committee and 2 nomination meetings - well you would attend the last 5 wouldn't you - if 2 of them were to decide if you were to be a director and 3 of them were to decide your salary - so 50% of the meetings you attended were self interest.....

And for that he got a measly £200,000

[fenners66] 09/2/2018 16:59

From the last annual report

"Homebase concessions
The 22 Homebase concessions were closed during the
financial period. Annual revenue and profits normally
generated over a 52 week period would have been £14m
and £1.4m respectively"

And now the cease the far east relationship as well - all going to plan then?

[fenners66] 09/2/2018 16:49

"The Company will announce its full year results for the 52 weeks to 30 June 2017 on 23 August 2017.

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

2 years and £1.4m a year write down ..... so why did he buy it again?

[fenners66] 09/2/2018 16:41

Actually that is another angle - has his divorce been settled already ?
Or is it like a GB divorce where the wife seemingly can come back later and demand more millions?

[srpactive] 09/2/2018 16:36

U

Thank you.

F66

Yes there is a word for that, the divorce settlement
I feel is at the heart of all this.

[fenners66] 09/2/2018 16:31

"He" Is not going to sell the Singapore building.
The market value reflects his controlling interest and there are no dividends to be paid.
If Singapore property is doing so well why was this one written down?
If the write downs lead to losses - how can they pay a dividend?
If the company continues to leak cash and pays no dividend - who else is going to buy them?

Why do you think they (he) bought the Singapore building?