There is news today explaining why the Laura Ashley family placed 39,000,000 shares on the market yesterday. It has certainly kicked off a lot of activity in the stock. Is the Laura Ashley (ALY) story now one of recovery or is this all speculation?
At around 1:20 a trade of 14,000,000 was posted. My system showed it as a sale, below the mid price at 32p, but I think it must have been a buy as the share price was rising sharply at that time. It is up 9.02% so far today at 36p on a bid - it was 20p in mid April!
There is a rumour on iii BB that the Malaysian owners wish to take the company into private ownership. I have no way of verifying this, so treat it as that and watch developments.