Ashley (laura) Share Discussion Threads

[srpactive] 17/2/2020 09:10

P

And the hotel, no debt and with Wells Fargo funding in place they stated
last year. Turned down 2.7p from Flacks as it was stated to undervalue
the company. And now this.

Really.

dyor

[chinese investor] 17/2/2020 08:58

Results On Thursday !

[clocktower] 17/2/2020 08:58

The management were always the issue!

[pictureframe] 17/2/2020 08:55

What happened to the money for the office they sold?

[tomboyb] 17/2/2020 07:34

Ashley (Laura) Hldgs PLC Response to press speculation
17/02/2020 7:00am
UK Regulatory (RNS & others)

Ashley (laura) (LSE:ALY)
Intraday Stock Chart
Today : Monday 17 February 2020

Click Here for more Ashley (laura) Charts.
TIDMALY

RNS Number : 1796D

Ashley (Laura) Hldgs PLC

17 February 2020

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 ("MAR").

16 February 2020

For immediate release

LAURA ASHLEY HOLDINGS PLC

Response to press speculation

Laura Ashley Holdings PLC (the "Company" and, together with its subsidiaries, (the "Group") notes the recent press speculation regarding its financial position.

Trading during the current financial year has continued to be challenging. For the 26 weeks to 31 December 2019, total Group sales were GBP109.6m (H1 2018: GBP122.9m), a fall of 10.8%. The decline in total revenue was due to the market headwinds and weaker consumer spending during the period, which led to a decline in sales of bigger ticket items.

Recent movements in the Group's stock and customer deposit levels have led to a reduction in the amount that the Group can draw down under its working capital facility with Wells Fargo, the lender to the Group. The Company confirms that Wells Fargo and the Company's majority shareholder MUI Asia Limited, are discussing arrangements that will allow the Group to utilise sufficient funds from the Wells Fargo facility to meet the Group's immediate funding requirements and to draw down additional amounts to meet ongoing working capital needs for the Group in the short to medium term. These arrangements do not involve a cash injection by MUI Asia Limited into the Group.

The Company welcomes the discussions between MUI Asia Limited and Wells Fargo and is proactively monitoring the situation closely. If the Group remains unable to access the requisite level of funding, then the Company will need to consider all appropriate options.

In addition to the discussions between MUI Asia Limited and Wells Fargo, the Company is well advanced in developing its turnaround strategy, the execution of which remains at an early stage, but the management team is encouraged by the early signs. Sales were flat for the first 7 weeks of trading this year.

The Company expects to announce its interim results for the 6 months ending 31 December 2019 on Thursday 20 February

Andrew Khoo, Chairman, commented:

"We acknowledge that recent trading conditions, in line with the overall UK retail market, have indeed been challenging. There is however a robust plan in place to turn the business around and the Board of Directors is confident and optimistic that the recent appointment of Katharine Poulter will enable the business to execute this broad based strategy. The major shareholders have indicated their continued confidence in the business and are fully supportive of the management team and execution of the transformation plan."

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Sagar Mavani, Chief Financial Officer.

LEI: 213800GTYRHRBJKABN84

[tomboyb] 17/2/2020 07:32

Its on the brink -

Another Retailer -

[clocktower] 17/2/2020 07:11

srp, I hope you traded some on the last rise, when I advised that L2 was weak.

For what it’s worth no advice intended but I would take anything offered now regardless of the loss.
Hope it’s not too painful for you
Good luck
CT

[killieboy] 13/2/2020 17:56

srpactive 25p? - have you seen the share price lately!

[srpactive] 12/2/2020 13:04

Yes I posted that the other week.

L2 anyone?

[kidbroker] 12/2/2020 12:50

"Laura Ashley Ltd. is pleased to announce that it has signed a global partnership with Preferred Hotels & Resorts. This exciting new alliance will bring new and existing Laura Ashley Hotels into representation of the Preferred brand over the coming months, and introduce Laura Ashley as the newest member of the brand’s Alliance Partner program, allowing Laura Ashley to sell its iconic and much-loved British brand to Preferred’s global portfolio of more than 750 hotels, resorts, and residences across 85 countries."

[srpactive] 12/2/2020 12:21

U

Hope so, have you L2?

tia

[uncmike] 12/2/2020 09:34

Some big sales going on as well ?i think nxt week will be good as all looks positive

[srpactive] 11/2/2020 14:41

Some biggish trades coming in, does anyone have L2 please?

tia

[srpactive] 11/2/2020 13:13

And another

hxxps://www.hellomagazine.com/fashion/celebrity-style/2020021184581/kate-garraway-gmb-red-dress-laura-ashley/

So Holly Willoughby and Kate Garraway wearing Laura Ashley dresses, you
cannot getmuch better than those two ladies for TV coverage.

dyor

[srpactive] 10/2/2020 16:03

Correct me if I am wrong but it appears that the dress Holly Willoughby
was wearing when interviewing Phil Schofield regarding his news last week
is a Laura Ashley dress the navy midi heart jacquard one on the website.

Can anyone confirm, if so what a coup?

dyor

[srpactive] 10/2/2020 15:46

What would be super here is if Urban Outfitters who we collaborate with
bought 10% of Mr Peng's stock. Then that would help the share price
higher so all win, UO, Mr Peng and the other shareholders.

dyor

active

[srpactive] 10/2/2020 11:54

U

Not seen anything, last year it was the 20th, if same next
week then.

Fingers crossed.

[uncmike] 10/2/2020 11:37

Any pre earnings report news about? Can’t find anything

[srpactive] 06/2/2020 09:39

Small amount of nibbling on the offer again this morning.

L2 anyone?

dyor

[srpactive] 04/2/2020 08:29

Mike Ashley acquires a £19m stake in Mulberry, looking to
go more upmarket.
I reckon Aly will be on his wish list, especially with the name.

dyor

Edit 10.41

A little more nibbling on the offer, could do you the bid rising, dyor.

L2 anyone?

tia

Laura ashley dresses sold out on urban outfitters.

[srpactive] 03/2/2020 09:17

Morning all

L2 anyone?

tia