Just wondering if Paul has any further thoughts on the continuing drift in the share price here.
If the 2p full year dividend is held it's now yielding over 10%.
Too good to be true or is the market getting this one all wrong?
2p dividend is not covered by expected earnings.
Earnings have been downgraded so far this year by analysts.
Further pressure in UK retail to be expected over the next year due to weaker sterling.
AU business will take time to ramp up again.
South-east asian expansion not proven yet.
Business now in net debt due to office freehold purchase in Singapore.
This is my view, I think there will be better entry points into Laura Ashley in the coming weeks/months after the next trading updates. It is a brand with strong heritage, so I'm always aware that a takeover can be on the cards, either by the large Malaysian shareholders or a third party.
