Land Of Leather Share Discussion Threads

[loganair] 18/11/2008 13:43

notanewmember - "doing up you house adds value" - means painting and decorating to keep the house in good condition.

Usually, putting in a £10,000 kitchen may only increase the value of said house by £5,000 etc. Therefore one makes a 50% loss on ones investment in a new kitchen.

At this moment of time, unless absolutly necessary, buying a new sofa is a complete and utter waste of time and more so money.

[notanewmember] 18/11/2008 10:22

But but... there was a programme on the BBC this morning that "doing up you house adds value"

"Spend £27K, house increases by £50K over the control house." aND ANOTHER SPENT £95k. Therefore opinion spending money makes you money - this now crystalises into fact, because the TV said so?

Spend £200 on a leather sofa, your house increases by £5K instant ROI. Now go to the bank and extract the equity and repeat process.

I'll be a millionaire!

[still waiting] 18/11/2008 10:17

not long till another disastrous trading update.

[notanewmember] 17/11/2008 16:21

Was this £30 a share then?

[still waiting] 17/11/2008 16:18

someone's just returned a foot stool.

[trojan] 11/11/2008 17:31

Agreed, sales in the industry are not as bad as many would have you believe, but it is that time of the year where they all have a little rush on stock for xmas delivery!!!!!!

I see even SCS are advertising on telly again!!

[the big fella] 11/11/2008 14:31

I don't have any inside knowledge at Land of Leather but my wife works at DFS. They were really busy last weekend and sales were excellent. They were dead in Sept / Oct though. Probably everyone sitting listening to the BBC.
There has to be more casualty's in this sector before a turnaround. Land of Leather would be top of my list as any recovery will be a while off yet. But those who survive will come out stronger IMHO.

[square1] 11/11/2008 14:31

Strangely, I think these might now be relatively OK. They have cleared they debt and have reduced costs significantly, at the current mkt cap I see them as an 'option money' punt. Last I heard-a week or so ago- they were trading to budget. They have been destroyed, if they survive they are cheap.

[trojan] 11/11/2008 14:26

Don't tell Pillion, it will break his heart!!

He still thinks this is a quality stock! :(

[the big fella] 11/11/2008 14:23

2.2% lower. I would have expected much more than that, not that I will be buying any shares here any time soon.

[mitzis] 11/11/2008 13:31

Seriously this could fall to 5p.

[still waiting] 11/11/2008 13:18

terminal.

Shares in sofa chain Land of Leather plunge 24 percent after the British
Retail Consortium says last month's sales of furniture and related goods fell at
their fastest rate for eight years, while overall British retail sales drop for
a fifth straight month, coming in 2.2 percent lower than in October 2007.
"Persisting housing market weakness and low consumer confidence continued
to hit DIY sales as larger DIY projects were adversely impacted by the unstable
economic environment. The squeeze on discretionary spending continued as
financial uncertainty fed through into consumer behaviour -- the Christmas
outlook remains bleak," says Investec's Natalia Marisova.

[mitzis] 11/11/2008 11:15

Buy leather...!

[pillion] 05/11/2008 19:41

Macca
Hi, here is the chart
As you can see, plain sailing all the way

Good luck

[pillion] 05/11/2008 11:57

Macca
Thx
It's all in the charts
Will post later
cheers

btw

Beware CREO it's on a downer

imho, dyor

[macca42] 05/11/2008 11:41

pillion, where did you get your info on LAN? ..good call

[pillion] 05/11/2008 10:58

Sell 'em some LEATHER !!!!

[mister md] 05/11/2008 10:48

the only positive I could find in the october results:

* Cash of £15.1 million, no debt (2007: £25.5m)

[still waiting] 05/11/2008 09:37

RNS just out, they've sold a sofa!!

[pillion] 04/11/2008 22:04

Go on !!!

Sell 'em some leather

This bute is flying !!!

[pillion] 03/11/2008 12:22

LAN doing the biz !!

up 10% so far this day

[pillion] 02/11/2008 14:22

Trojan

Hi, Have a go at this share-tipping comp

Quick to enter

Go long or short



It's over 1 month, enter before 6 am tomorrow

[trojan] 31/10/2008 11:46

LOL!!!!

One AT of 3982 @ 6.75p only, all day and you think it is taking off, come on surely you have more knowledge than that of the markets??

Only 1 AT @ 5p will bring it back level.

What's the L2 looking like?

[pillion] 31/10/2008 11:36

LAN fires up ; -- ; is a take-out in the offing ?