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Laura Ashley - Plans expansion into India and China

October 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ALY
  • Price:
  • 27.5p
Interims from Laura Ashley were ahead of forecast. For the year to 28 July, sales grew by 7% to £145.4m with pretax profit up 14% to £8.3m. Eps was 0.85p and the interim dividend was once again maintained at 1p. Net cash stood at £27.8m.The UK estate grew sales by 6% to £127.5m or up 3.9% like-for-like with one new store opening and one closing, leaving the store count unchanged at 211. Departmentally, performance in decorating and home accessories went up sharply whilst furniture and fashion were flat and this mix change as well as greater discounting saw margins down 2.4%. Overall, e-commerce and mail order sales accounted for 18% of total UK retail sales and is set to climb, helped by a new "click and collect in store" serv ...

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Related Articles

Laura Ashley - Home Strong but fashion weaker (August 2013)
Laura Ashley - Like-for-like sales up a massive 10.9% in first eight weeks (May 2012)
Laura Ashley - International franchisees continue expansion (December 2011)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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