Ashley (laura) Share Discussion Threads

[srpactive] 21/3/2020 21:18

Same email back from boe.

[lippy2020] 21/3/2020 10:45

I classed these as one of my "shoebox" shares a long time ago and any emails I'm sending are to try and thwart any possible shenanigans and hopefully keep the 2,700 staff employed, even if only for six months or so.

Holding shares is just a punt now on a white knight coming in and, with the government help, using the breathing space to execute a turnaround.

Anyone who has had these shares for a long time, and not trusted the management, have have had numerous opportunities to get out along the way. It's not as if it was a shock.

I hope the current management decide (or are shamed into) keeping the stores going in the short term

There is absolutely no chance of shareholder compensation from the government and why would anyone be daft enough to sue a bankrupt company.

In my experience, many of those suspected of serious financial misconduct usually get a knighthood :)

[uknighted] 21/3/2020 09:21

SRP this company was doomed before covid19, it was the management not the virus that finished this company off. Your actions should be through the courts against the BoD. The BoE and Chancellor have much more important things to do.
I’m sorry for you because I used to own ALY shares and continued to follow the BB thread and know that you had great belief in the company’s future and continued to buy the shares. You have been let down by the BOD’s apparent greed and mismanagement and that is from whom you should seek compensation.
Hopefully your other investments will come good, I think I have seen you on the GGP thread. I’m sure that investment won’t let you down. Good luck.

[srpactive] 21/3/2020 08:08

f66

Yes but it is more difficult now with the boe and gov
offering money to support. If one of the big boys did
take and issue in court I think they would have the
above on their side, like the 2.7p for starters.
He could be one.

dyor

[fenners66] 21/3/2020 01:34

I still don't think this has anything to do with sacking the staff.
Its all about handing it over to someone else for a song.

[srpactive] 20/3/2020 22:22

They could just take it off the market and carry on running it and we
keep our stakes. like holding a position in a private company I would have thought,
but difficult to sell your stake. Like delisting I suppose.

[uknighted] 20/3/2020 20:55

Why would the BoE and the Chancellor compensate you? It’s not their responsibility because the company has been mismanaged?

[srpactive] 20/3/2020 19:02

Rishi Sunak’s blank cheque to save jobs and businesses: Government to cover 80% of workers’ salaries up to £2,500 a month, defer VAT bills and increase welfare payments by £7billion in extraordinary package to fight coronavirus crisis

U

Yes, if they do not, the Boe and the Chancellor can compensate me then.

[uncmike] 20/3/2020 18:13

Boris is pretty much offering to save aly with his package. The administrators will know this. I think Monday or Tuesday might spring back to life. Prob fail in 6 months but that’s my guess.

[uncmike] 20/3/2020 18:13

Boris is pretty much offering to save aly with his package. The administrators will know this. I think Monday or Tuesday might spring back to life. Prob fail in 6 months but that’s my guess.

[srpactive] 20/3/2020 14:48

They should also be made aware that the management with the
new cfo and chairman turned down 2.7p that they said they were
disappointed with as it undervalued the company.

[srpactive] 20/3/2020 14:20

L

Well done, if they do not we can contact the boe or the Chancellor
as they know they have had the opportunity to get funds and demand
compensation or the government take them to court. This has been
planned since 2015, lets hope we get them.
And they have time, as in their rns it states clearly, INTENTION to
appoint.

It might be an idea to email PCW.

I have email the chancellor and Boe, come on others help me and Lippy.

[lippy2020] 20/3/2020 14:17

BOE response:- sent to administrators. gives them something to think about :)

Thank you for your email.

The matters you raise would need to be put to the administrators of Laura Ashley. If they, or the owners, wish to access the measures implemented by the Bank or Government, then it would be for them to approach one of us directly.

Kind regards

Charles
Engagement and Enquiries | Communications
Bank of England|Threadneedle St|London EC2R 8AH|[phone]
[e-mail]

[srpactive] 20/3/2020 09:16

Seems like the bosses of LA are like Richard Branson.

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

MARTIN SAMUEL: Roman Abramovich and Gary Neville have shown it's good to be kind during this unprecedented crisis... But Richard Branson's motto as he counts his cash? Screw everyone!

[srpactive] 18/3/2020 20:31

L

Maybe email him to make him aware of the aly situation.

U

They could delist and keep going.

CT

Thank you. Probably why all the magazines etc kept such a wide birth.

[lippy2020] 18/3/2020 20:24

Firms thinking of firing staff due to the coronavirus crisis should consider the support available to them first, the new Bank of England boss has said.
Andrew Bailey urged UK firms to "stop, look at what's available, come and talk to us [or] the government before you take that position".
He added that his "big message" for firms and citizens was that "we will be there to support your needs".
Many firms may have to cut staff amid a slump in demand caused by the virus.

[uncmike] 18/3/2020 16:50

Its got a constituent deletion date of 23 March from stock market so it’s going. Put it down to Experiance and move on. Gutted but hey ho

[srpactive] 18/3/2020 15:14

CT

Yes, I value your comment, but I will do all I can put
this very wrong as right as possible. I do not feel the
people behind this should get away with it.

U

Yes agree.

[uknighted] 18/3/2020 15:14

Never get emotionally attached to an individual share.

[clocktower] 18/3/2020 15:11

Sorry srp but give it up and move on - in the past I took very big hits and learnt to give it up for peace of mind and move on having learnt very expensive lessons, and I mean expensive. Learn from it and make money from the knowledge , it helps.
CT

[srpactive] 18/3/2020 14:01

U

The government will NOT look fondly onto this situation, it is clear
as the nose on anyone's face that this was rushed run to the benefit
of the some. Just look at the situation government and administrators.

Surging profits and sales better than anyone at the moment clothing etc
MUI stating they can assist with £10m.
£20m funding stated in rns last month in place and Chairman stating
it was now business as normal.
Urban outfitters collaboration doing very well.
Feedback on new fashion lines very positive.

Questions

Why the sudden cash burn when sales are rebounding?
Why the sudden need for £25m for what exactly?
Where has the £31m gone from the Singapore white elephant sale gone?
Where has the £6m gone from the hotel sale gone?

[uncmike] 18/3/2020 12:53

About how sales up and c19 not affecting them then the sudden change of direction and how in talks for loan by end march

[srpactive] 18/3/2020 12:29

How do you mean? Briefly

[uncmike] 18/3/2020 12:20

London stock exchange page has all the paperwork submitted by aly and it makes very contradictionary reading. Await a announcement !