Ashley (laura) Share Discussion Threads

[uncmike] 17/3/2020 12:54

Suspended now so see what happens. I’ve a gut feeling some kind of deal will happen.
We live in hope

[srpactive] 17/3/2020 12:10

f66

Yes quite right the plan has come off from 2015. I do not like
to use such language but the people behind this are pure scum.

All the shareholders from before 2015 should get there money back as
this has been staged in my honest opinion.

[fenners66] 17/3/2020 12:08

So another off my "investigate whether they are worth buying for the dividend list" goes bust.

Looked at them a few years ago and thought they were un-investable after their investment in the Singapore white elephant.

Have been calling it out since then.
Joins CLN INV and DEBS , also avoided Stobart...

[uncmike] 17/3/2020 11:45

I agree. Buys still going through! I’m going to hold and see what happens

[srpactive] 17/3/2020 11:40

And the buy price is 1.47p?

Why they turned down the 2.7p due to under valuing the business.

Does anyone really think the major shareholders are not going to
end up with all this business recovering well?

We have all been shafted by foreign owners again.

[uncmike] 17/3/2020 11:37

And why is it not suspended yet ?

[srpactive] 17/3/2020 11:29

Ct

Yes terrible.

U

Who knows with this lot.

[uncmike] 17/3/2020 11:28

What a shame this is.no return from this one.im leaving bit in and see what happens? Opinions ?

[clocktower] 17/3/2020 11:20

srp, sorry to see this go like this and for any losses you have suffered with this stock.

Many more likely to go the same way regrettably.

[srpactive] 17/3/2020 11:03

Yes just as the company was recovering so well. Masterstroke by the
management from 2015.

[davy99] 17/3/2020 10:59

Kaput. Feel sorry for holders.

[savagedstock] 17/3/2020 10:45

what a horror show - and awful for the staff at this terrible time....

[fenners66] 16/3/2020 22:21

""Professor Jane Rapley and Mr Leon Yee have resigned as independent non-executive directors of the Company"

2 Independents - replaced by 1 definitely NOT independent !

Will make the directors votes go more smoothly then.

[weatherman] 16/3/2020 20:40

A bit of a worry that two non-execs have resigned, maybe they don't want their names tarnished by some questionable deal, and now replaced by a MUI man.

[lippy2020] 16/3/2020 13:13

yep, been wiped out a couple of times in the past with machiavellian debt for equity "rescues"

depends who's pulling the strings now

[srpactive] 16/3/2020 13:04

Yes they ruined the company in 2015 ironically coinciding
with personal split and now settled the company returns
to 28% revenue growth and 22% profit growth and this happens.
Why do they need £25m now, they have £10m from MUI, that should
be sufficient with sales rising.

dyor

[kidbroker] 16/3/2020 12:50

You're probably spot on fenners66, seems to be the standard play these days

It will get voted through, it will be 'we need to inject this cash or the company will fold.'

6 months later it will fold and they'll pick up the entire company for the price of the debt.

[fenners66] 16/3/2020 12:11

LOL - read the article in the Daily Mail before I noticed this announcement here.

After reading the DM - I thought , likely the major shareholder will consider funding with an onerous loan....

They will be well aware of the lessons Debenhams debt holders and Mike Ashley learned.

Ashley was left hi and dry having owned the shares instead of the debt.

I thought this would go private at around 1p or so.

Seems the "owners" have an alternative and take it via debt for nothing.
After all if you secure the debt - wipe out the shareholders on restructure - you get the company in security for your debt and repay it at your leisure.

Even if there is a rule that major shareholders cannot put in the finance without an EGM they can just vote it through anyway.

After that they would have to say that they are not allowed to vote having a conflict of interest - does that rule exist ?

[srpactive] 16/3/2020 10:03

L

Yes they should sort this out quickly and for once put all their
wrongs right.

[lippy2020] 16/3/2020 09:59

RNS not much different to last time.

If true, and are put in place, then all the government help and bank support packages for getting money, bus.rates reductions and rent holidays, for a heritage brand, should be the focus for the new management but don't hold your breath with this lot

[srpactive] 16/3/2020 09:08

U

Yes said all along they would sort the business out, ruin it at
value £240m, buy it at £10m. After turning down 2.7p offer.

dyor

[uknighted] 16/3/2020 09:06

RNS - things looking grim!

[garth] 16/3/2020 09:00

If the Group is unable to secure commitment for the requisite level of funding by the end of March to satisfy its ongoing working capital requirements and turnaround plan, then the Company will need to consider all appropriate options.

[uncmike] 16/3/2020 08:58

Buy as I think this will be back at 3.5 very soon

[chinese investor] 16/3/2020 08:39

"During the six weeks to 7 March 2020, total sales were 27.7% ahead of the equivalent period in 2019 and gross profit was 22.2% up on the equivalent period, ahead of management expectations."