With 3 groups holding 45% of the company, it was never going to be a bloodbath.
Many others know there are 2 unaffected dividends before this takes place, plus 30mil in cash from Ralph Lauren. So its not all bad. The third dividend will be practically unaffected as well.
So if all holds to plan there is around 0.78c in fully franked dividends (one due in October) and time to see what the company will do with the money.
There was also talk of their goods being sold by David Jones. This could also assist in softening the blow.
As an aside, with Myer and David Jones trying to sign up exclusive brands, does anyone think that one of them has made a play for Ralph Lauren products? Given the profitability of the line, and the increased number of stores, it could be a earner for them.
ORL Price at posting:
$6.47 Sentiment: Hold Disclosure: Held
