Ashley (laura) Share Discussion Threads

[uknighted] 17/2/2020 15:31

How recent is recent?
It is probably just an excuse to forewarn the market of where the company is currently.

[uncmike] 17/2/2020 13:28

I just feel it’s a blip in the recovery programme all was good.
Wait see what thurs brings and if they drop lower than 1.6 I’m buying more

[srpactive] 17/2/2020 12:45

Unc Mike

You sound very confident indeed, what are your thoughts?

tia

[tomboyb] 17/2/2020 11:07

Zero buffer here which is why this is literally touch and go -

If they get the additional funds to me it looks like they may well yet struggle with a hint of a possible recovery -

But it may well be a risk too many so we shall see the outcome -

At the moment the shares are not worth much anyway -

[tomboyb] 17/2/2020 10:58

hxxps://news.sky.com/story/struggling-laura-ashley-seeks-funds-to-keep-trading-11936281

Struggling Laura Ashley seeks funds to keep trading
Shares in the retailer fell by more than 40% after it said it was in talks over securing "immediate funding requirements"

[srpactive] 17/2/2020 10:24

U

Holly Willoughby and Kate Garraway are not though.

[uknighted] 17/2/2020 10:23

I presume they thought it would be of interest to their listeners demographic, silver surfers such as myself!

[uknighted] 17/2/2020 10:21

No, just reporting as per today’s RNS really.

[srpactive] 17/2/2020 10:20

U

Thank you, any timeline mentioned?

[bonio10000] 17/2/2020 10:19

You mean how many times did they mention Brexit.

[uknighted] 17/2/2020 10:18

LA holding talks with bankers and finishing with the consider all options line. GL

[srpactive] 17/2/2020 10:13

U

What was the slant?

[uknighted] 17/2/2020 10:12

Just been mentioned on 10 o’clock BBCR2 news bulletin.

[uncmike] 17/2/2020 09:58

Hold on tight! Back to3p by close and a buyout pending. Very optimistic on this one

[tomboyb] 17/2/2020 09:36

Equity value here looks about... zero in the current climate -

[srpactive] 17/2/2020 09:35

U

Yes but can it be that bad, new London store opening next week, excellent
sales with the UO collaboration, excellent feed back from
the latest fashion sales, very busy tea rooms with expansion going forward.

This does not add up.

dyor

[srpactive] 17/2/2020 09:32

P

Around £30m and £6m for the hotel.

To pay down the debt and working capital.

-----------------

Here is the reply to Flacks, quite astonishing really, the management
had either sort the funding out or support the company with their own
money. We were bouncing in 2015 just before the Singapore purchase
and all the private family matters.

---------------

26 February 2019

LAURA ASHLEY HOLDINGS plc

Response to Unsolicited Offer by Flacks Group LLC

In response to the unsolicited and highly opportunistic indicative offer for Laura Ashley Holdings plc ("Laura Ashley", the "Group") announced by Flacks Group LLC ("Flacks") on 25 February 2019 (the "Offer"), the Board of Laura Ashley (the "Board", "we") expresses its disappointment at the approach taken by Flacks, including its decision not to engage with the Board prior to the announcement.

The Board, having considered the Offer with its advisers, believes that the terms of the Offer substantially undervalue the Group and encourages all shareholders to take no action.

Flacks' Offer significantly undervalues Laura Ashley

We strongly believe that the Offer fails to reflect the value of the Laura Ashley brand and hence the fair value that shareholders deserve for their investment in the Group. We also note that Flacks have indicated that the price of 2.748 pence per Ordinary Share is final and will not be increased or decreased.

As expressed in our announcement dated 25 February 2019, the Board has complete confidence that the Group will be able to grow profitably and in a sustainable manner so as to create long-term value for our shareholders.

Andrew Khoo, Chairman of Laura Ashley, commented:

"Since assuming the role of Chairman recently, I would like to reiterate that I hold a long term view of the Group. Opportunistic and unsolicited offers that are speculative in nature, and playing to a short term market that creates unnecessary volatility to the share price, are not welcome. However, we will not be distracted from our focus on the business fundamentals as we continue to transform the Group into a true lifestyle brand."

dyor

[uknighted] 17/2/2020 09:31

To draw down on the agreed facility LA will still have to fulfill certain criteria at the time of each drawdown. One assumes they have failed the test.

[pictureframe] 17/2/2020 09:29

How much did they sell the office for? And where has that cash gone anyone know