24 Jan 2009
Alba sells their brand name
Alba sold off their brand name to Argos for 30p a share, which is more or less what I bought them for. Alba had almost zero intangible assets so I'm not expecting the book value to have changed after this sale, so I still haven't sold the company. However perhaps I should have since it reached about 55p soon after the 30p dividend was announced and stayed there-abouts until after the ex-divvy date. This dividend gives me some fresh capital for allocation and French Connection is looking interesting.
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