Land of Leather trades at a discount to its peers, generates a lot of cash, increases sales and profitability every year, the recent charts are excellent and the capitalisation to sales ration its one of the best in retail. Perhaps unfairly tarnished by being constantly compared with the basket case, MFI.

Sofas is not a good business...my dad's sofa lasts a lifetime and I think mine will too...10 years' now...still in good condition.

lol

Can't believe failed to short this one. On the look-out for other struggling retailers reporting this month. MKS and Sains this week but expect them to have done respectably

I give 16p a share no more.

as much as that !!!!!!!!!!!!!!!!!!!!!!!

WHS is next for the fall.

Woolworths is another one for the knacker's yard. A tired old brand with nothing to offer.

I agree blackdown but tell them over on the Woolworths thread.

Big fall today which is no surprise instos reducing their stake and 5 cash write down the problem is the banks wont support them when they are losing money.

Has anybody any ideas, particularly technical on this one.

Been hammered recently but today it is showing small signs of life.

Where are you Master when I need you!

yes, amost doubled in price recently

This isn't the same as Woolworth. LAN are big-ticket items, that folk don't have to buy, since there are cheaper sofas available. Some bad press on leather rashes can't have helped, although it is not LAN's fault in manufacture.

I don't think footfall in "speciality shops" is easy to increase, prices/profits are already low-enough to make the Banks cry.
Woolworth has a reasonable image amongst its customers and regular sales; although I'll agree they are being squeezed all round.
WLW problem is poor management; whereas LAN is distressed goods/sector.
Er, IMHO.
I don't hold LAN, - do hold WLW.

lan is about finished for the time being even if share consolidation @ 10:1 for 50p share approved - sorry

imho

imho

FWIW,
My understanding is there is to be Cash raised, hopefully for 13.5million - that's double the current Mkt cap and means existing shareholders are being diluted by a significant factor. . . . . so they will own a third (?) of the company. However, they do have the option of buying new shares - but no-one can know if they will turn out to discounted......only if the sp rockets from the 50p, post CONsolidation. (being the equivalent to today's closing Mid-price)...DYOR.

Don't worry. Directors will continue to draw large salaries, and pensions etc. etc.

I note also that they are to use "surplus space" (my words) for cloth-covered furniture - ah, so not just leather, then. This makes sense, but is awkward with their name, I'm guessing.
Still, this does show they are not Stupid - just rather lack-lustre. . . . . should be well-placed to run Woolies, part-time, perhaps.
-All IMHO.-

agreed l ike the CON bit! cheers

At 10p their future is very bleak.

Buy @5p imo.

Currently 6/7p could go to the wall by Xmas.

5p now this is the end.