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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Land OF Leather | LAN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.95 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.95 | 2.95 |
| Top Posts |
|---|
Posted at 20/1/2009 11:27 by pillion LAN takes me -- TTJal -- tops |
Posted at 14/1/2009 09:53 by domenico ghirlandaio I called LAN and Fishworks on another board about 9 months ago.Jessops, Blacks, Galiform, Clinton Cards, Real Hotel Group, Flying Brands... the list is endless...All are subject to Total Demand Destruction (TDD) |
Posted at 14/1/2009 09:13 by trojan LOL, Not Harveys matey, well backed by Stienhoff now and could well be in the running to take on some of LAN sites imo!!The owners of SCS were also in the running to take on LAN with the last take over talks that LAN rejected so they may also be looking for some sites as well. Pets at home were doing very well before xmas so can't comment further on that one and I have never been a fan of Homebase, but they seem to hold their own and at times have B&Q on the back foot!! We shall see how it pans out, but there are better candidates out there than that selection I feel. |
Posted at 11/12/2008 09:28 by loganair Sylvian2 - Even paying the rent monthly, LAN still require £2m. November they had £2.4 cash in the bank, at a burn rate of £1m per month will leave them in the region of only £1.4m.LAN therefore still do not have enough cash in hand to pay for even 1 months rent due 25 December. |
Posted at 11/12/2008 08:31 by sylvian2 It is worth considering the fact that landlords would rather accept monthly payments for rent than the alternative of having nothing and more empty premises. Given this, LAN are very likely to be able to negotiate payment terms, which will avoid the need for a large cash outlay during December. |
Posted at 10/12/2008 11:27 by loganair LAN has been burning cash at a rate of at least £1m a month. If in November it had just £2.4m spare cash, by the time the rent is due LAN may have as little as £1.4m cash to pay its £6m rent bill.As I look at it, I'm afraid to say - LAN is a Goner |
Posted at 10/12/2008 10:55 by loganair Todays FT: The lossmaking sofa retailer has abandoned discussions with potential bidders just a week after it confirmed the talks, and decides to focus on raising cash to pay ian impending £6m rent bill.The company is in a precarious state as it tries to generate enough money in a bleak trading environment to pay its landlords on December 25. It said last week that sales orders almost halved in the three months to November 2. On that date, LAN had £6.9m in cash. However, £4.5m of that is unusable collateral demanded by Barclays in return for credit card clearing facilities, leaving it with less than half the money needed to meet its quarterly rent bill. The bill, though, could not fall on a worse date. Unlike other retailers, sofa sellers do not usually bring in much money in December until Boxing Day, when traditional annual sales begin. |
Posted at 02/12/2008 14:57 by csmwssk1 would not be opportunistic, stupid would be more appropiate, if anyone thinks next year will be easier they are in cloud cuckoo land, look to the states, they are nearly a year ahead, when they start to see a upturn, we will follow apx 9 months later, at the mo they have 16% house price falls in a quarter, car sales down 45%, we have not seen anything like as hard as it is going to get, if I remember last year lan said sales were down apx 20%, now they are down 47% on that, so how down on 2 years ago and how will they do in another year if sales half from here, if any one offers them a £1 for the lot they will need very deep pockets to keep going, as stated earlier in the year, you need circa £100m to keep lan going till late 2010. dyor. |
Posted at 02/12/2008 11:48 by loganair LAN only has £2.4m spare cash, not enough ot pay for the next 3 months rent and why has asked to pay rents on a monthly basis."The company is debt-free but £4.5m of its capital of £6.9m is held by its banker, Barclays, as insurance against having to repay credit card payments if goes bust. A company insider said any attempt to buy Land of Leather at its current share price would be "opportunistic". |
Posted at 12/7/2008 10:09 by judgement LoL successful in finding a new revenue stream. Now an even stronger, well funded company.Land of Leather Holdings plc (LSE: LAN) ('Land of Leather' or the 'Company') announces that by 11.00 a.m. on 11 July 2008 (today), being the latest time for receipt of Application Forms and payment in full or settlement of CREST instructions under the Open Offer announced on 19 June 2008, valid applications had been received from Qualifying Shareholders in respect of 8,504,527 New Ordinary Shares, representing 28.4 per cent. of the 29,945,226 New Ordinary Shares available under the Open Offer. Therefore the balance of 21,440,699 New Ordinary Shares not applied for by Qualifying Shareholders in the Open Offer will be taken up by the investors who applied for shares in the Placing. The New Ordinary Shares to be issued pursuant to the Placing and Open Offer will be credited as fully paid, will rank in full for all dividends and other distributions declared, made or paid after Admission and will otherwise be identical to and rank pari passu with the existing Ordinary Shares in all respects. The Placing and Open Offer, undertaken to raise £15.0 million (before expenses), remains conditional upon, inter alia, the passing of the Resolutions at the EGM of the Company at 10.00 a.m. on 14 July 2008, and admission of the New Ordinary Shares to the Official List and to trading on the London Stock Exchange's market for listed securities. Application has been made to the FSA for the New Ordinary Shares to be admitted to the Official List and to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on the London Stock Exchange's market for listed securities. It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence at 8.00 a.m. on 15 July 2008. |
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