Land Of Leather Share Discussion Threads

[gluefactory] 09/6/2008 11:16

£16k of trades has added £4million to the company value! Watch out for this weeks LAN sale.50% off the share price!

[davidosh] 08/6/2008 19:22

The leases are the fly in the ointment...big fixed overheads and even part sub letting has not helped enough to save them IMO

[trojan] 08/6/2008 16:33

warrenc..

A sensible post above.

I'm not so sure that Steinhoff would be interested in buying LAN as many of thier sites also have a Harveys on them, so not too much to be gained methinks. That said if it goes under they may be interested in the few that stand alone or have better positions etc than Harvey's on the same sites!!

I don't agree that new companies will just start up in any upturn, which will obviously come at some point, more likely the odd independant or two.

Tick Tock. ;)

[warrenc] 08/6/2008 16:26

No company or investment bank will consider buying land of leather given current market conditions . As for John Lewis thats the funniest thing i've ever heard . In saying that the only firm which I think might have a go is Harvey's seeing as they have a foot in the door but it would be a brave move . What will happen is consolidation in the furniture retail sector , which seems to happen every few years . If SCS and LOL go bust then the others will share the sales to get them through this quiet spell . The minute things pick up new companies will spring to life , this always happens . DFS are the kings of the sofa sector , a quiet week for them and they still make buckets of cash . Only the strongest will survive .

[trojan] 08/6/2008 14:40

LOL = Lack Of Leather imo!! ;)

[isis] 08/6/2008 14:11

LOL !

Land of Loonies!

[trojan] 08/6/2008 14:07

Judgement..

"Would John Lewis be a suitable acquisition for LoL, that's the question."

Fantastic, I haven't laughed so much in ages, you really are a plank!!!! LOL!!!

[judgement] 08/6/2008 12:50

More signs of the weak falling by the wayside.
Would John Lewis be a suitable acquisition for LoL, that's the question.

John Lewis sales down for fourth week in a row
John Lewis added to the doom and gloom circling the high street yesterday by reporting its fourth consecutive drop in weekly sales.

The department store group, a barometer of the health of the retail sector, said that customers were becoming increasingly nervous about making big purchases amid signs of growing weakness in the housing market. The biggest sales falls have been on big-ticket items in homewares, such as beds and furniture.

Patrick Lewis, the director of retail operations, said: "There's no doubt we are having to work harder. Consumer confidence in making big purchases has been slowing each month and it is still going down."

[homeboy35] 06/6/2008 21:21

Closed at 14, so couldnt give a toss. I suspect rise is due to others doing the same.

[judgement] 06/6/2008 21:03

+16.4%. Expect nothing less all next week.

[mr m] 06/6/2008 17:59

yeah course! You must hav bought one then lol!

[m.t.glass] 06/6/2008 17:39

Furniture Village defies slowdown with record year

Published: 06 June 2008 17:14

Furniture Village has bucked the trend in its market to post its best ever profits and volumes for last year.
Unaudited management accounts show the retailer increased order intake by 7 per cent like for like to £220 million for the year to the end of March, when adjusted profits before interest and tax rose £1.1 million to £7.4 million.

Finance director Ed Duggan said the performance was down to sales training, better product mix and availability and reduced damage and waste.

However, he said current trade was "very tough", adding: "We are in line with internal targets, but to achieve this we have to fight and be more imaginative."

Furniture Village's fortunes contrast with Land Of Leather and ScS, both of which have endured torrid trading.

It emerged this week that credit insurer Euler Hermes had withdrawn cover from Land Of Leather suppliers.

(retail-week.com)

[homeboy35] 06/6/2008 16:34

Nah, I can afford to go more up market now

[still waiting] 06/6/2008 16:31

heavily on TV all week!!

[davidosh] 06/6/2008 16:30

Did not realise it was on yesterday ....Was it advertised ?

The problem is they are probably even cheaper after the sale !!

[still waiting] 06/6/2008 14:57

anyone visit LAN for their all day sale yesterday.






































Thought not.

[spring heeled jack] 05/6/2008 23:44

Thanks CSM, that's useful.

[csmwssk1] 05/6/2008 23:00

well most will have shorted along time ago, so this could go up as shorts decide to close positions rather than wait potentially upto 6 years for the administrators of the company to declare it of no shareholder value, sb's can if they choose decide to pay each side on the final share price prior to suspension which could leave you with a large loss if you get in now and the spread widened before suspension, I would imagine the sb's would work out how many are long and short and which makes them the most money.

[spring heeled jack] 05/6/2008 21:37

CSMWSSK1 -why is it too risky to short?

[still waiting] 05/6/2008 12:21

brown stuff about to hit.

[m.t.glass] 05/6/2008 11:19

Barclays just chopped its holding. Knocked the price almost straightaway.


I know Barclays investment wing is seperate from its banking wing.. but this surely won't inspire confidence that the Barclays banking side is going to be agreeing a bigger overdraft and extended loan terms.. which the company is reportedly asking for.

Barclays shareholding is now beneath the 3% threshold, so reporting of further disposals isn't mandatory

[homeboy35] 04/6/2008 00:07

Yeah, I closed today. Think I can make the money work harder elsewhere. Well, I have never set foot in one of their shops, but I am a very satisfied customer.

[csmwssk1] 04/6/2008 00:05

NEARLY £8K PER WEEK LAST YEAR AND STILL NEEDS KPMG TO HELP!, PROBABLY TO SEE IF THEY CAN MAKE IT TILL END OF MONTH SO HE GETS A LITTLE MORE PAY!

[csmwssk1] 03/6/2008 23:36

is any one still in these now, long or short, long to risky, short to risky aswell unless you dont mind waiting for the payout anyway

Paul Briant, Chief Executive and Buying Director, was appointed to the Board in June 2004 prior to the Company becoming the Group holding company. Paul jointly established Land of Leather in 1997. Previously he was a director and shareholder of Kingsway Limited and co-owner of The Suite Shop Limited

did kingsway go bust?, did the suite shop go bust?

Chairman

Roger Matthews is a Chartered Accountant and was appointed to the Board and as Chairman on the flotation of the Company in July 2005. Roger is also Chairman of LSL Property Services plc and a non-executive director of MITIE Group plc. Previously he was group finance director of J. Sainsbury plc, managing director and finance director of Compass Group plc and worked for Grand Metropolitan plc, Cadbury Schweppes plc and PricewaterhouseCoopers

Clive Hatchard, Chief Financial Officer, is a Chartered Accountant and was appointed to the Board in July 2004. Clive joined Land of Leather in an executive capacity in October 2004. Previously he was a director of corporate finance at Tenon Group plc, a founder partner in a corporate finance boutique and worked for Ernst & Young.

BUT BETWEEN THEM THEY CANT ARRANGE AN OVERDRAFT?