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Laura Ashley – update reinforces there much to correct. Too much?

By Steve Moore | Monday 17 February 2020

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Previously writing on homeware and fashion retailer Laura Ashley (ALY), on its latest results in August I concluded there looks much to correct – and then there is of course the current general retail climate. As such, I’m not surprised to see the shares respond currently further lower. Still presently on the bargepole list. The shares had jumped over Christmas and the New Year but are currently back below 2p on a “Response to press speculation”

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