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Laura Ashley – able to access requisite funds? Only “should be able to” & “to meet its immediate funding requirements”!…

By Steve Moore | Thursday 20 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.

Laura Ashley (ALY) “is pleased to announce that discussions between Wells Fargo and MUI Asia Limited relating to the group's immediate funding requirements have concluded and the group should be able to utilise requisite funds from its working capital facility with Wells Fargo to meet its immediate funding requirements” – and the shares have currently responded to 1.90p, around 15% higher. However…

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