Burberry Share Discussion Threads

[philanderer] 13/7/2017 11:55

Burberry retains lustre in China

Investors in Burberry (BRBY) received a welcome surprise yesterday when the luxury goods maker reported better-than-expected sales, up 4% in the first quarter.

The shares jumped 3.2% to £16.30 as investors welcomed the companies’ news that ‘top customers’ were returning to its products.

‘In other words, the Chinese are spending again,’ said Steve Clayton, who holds 3.6% of his HL Select UK Growth Shares fund in the stock.

‘Retail sales on the mainland were in the mid-teens and Hong Kong continues to improve after a tough patch.

‘This is an encouraging performance from Burberry, which looks to be at long last pulling out of the doldrums. With an acceleration in new product launches set for the second half of the year, the underlying progress at Burberry should improve steadily.’

[philanderer] 12/7/2017 23:51

Burberry shares jump 5% following encouraging Q1 trading update


........While we still maintain our ‘Hold’ recommendation on the stock, we would not discourage investors from buying on the dips for those seeking capital growth and willing to accept a medium level of risk.

[philanderer] 12/7/2017 12:11

What analysts think of Burberry's trading update....



Ken Odeluga, senior market analyst at City Index, said the increase in Burberry's share price reflects "palpable relief" after an "unexpectedly solid advance in first-quarter comparable sales growth and the most promising underlying trend in China for at least three years".

Odeluga noted that the 4% increase in comparable sales beat average forecasts of 2.3% and represented the "best sign of a potential group sales rebound for several quarters".

"Burberry’s newest ranges and leather goods were the stand-out products in the first quarter, reducing concerns among some investors about potential C-Suite tensions following the sideways progression of former CEO Christopher Bailey to a full-time creative leadership role.

"Leather spans all product ranges and accessories, Burberry’s highest-revenue category, which was also bolstered by the DK88 handbag range which sells for as much as £2,495 per unit, according to the group’s paid search advertising."

UBS said first quarter retail revenue beat its expectations by 2% while comparable sales growth exceeded its forecast of 2%.

However, the bank said there was risks to luxury goods copmanies, including terrorism, drastic political changes, pricing pressure, brand value, management execution and successor issues, perception in equity market about long-term growth, and foreign exchange rates.

Steve Clayton, fund manager of the Hargreaves Lansdown Select UK Growth Shares fund, said: "This is an encouraging performance from Burberry, which looks to be at long last pulling out of the doldrums."

But Clayton warned that reported growth will be held back a bit in the near term due to little new space being added and “brand control” in the wholesale channel later this year as Burberry attempts to massage its brand’s perception and positioning higher.

"But with an acceleration in new product launches set for the second half of the year, the underlying progress at Burberry should improve steadily," he said.


Proactiveinvestors.co.uk

[philanderer] 12/7/2017 12:10

And the China news was good :-)


'Burberry shelves plan for Yorkshire factory as uncertainty weighs'

[philanderer] 12/7/2017 09:19

No shocks anyway . On to the directors' pay tomorrow then ;-)

[philanderer] 09/7/2017 09:07

Burberry faces grilling over executive pay deals

[philanderer] 07/7/2017 13:22

There's a Q1 trading update next wednesday which should give a pointer.

[lightningbolt] 06/7/2017 08:31

price still dropping even though burberry are hoovering up large amounts of stock.

[philanderer] 05/7/2017 23:46

Burberry's new boss, Marco Gobbetti, set for whopping 80% discount on any product he buys from luxury fashion house

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[philanderer] 05/7/2017 14:02

'Here's a CEO Who Was Happy to Lose His Job'

Christopher Bailey is out as Burberry's boss, but he’s still the label’s top designer -- and he couldn’t be happier

[philanderer] 04/7/2017 09:06

xd thursday morning for the 28.4p dividend

[philanderer] 30/6/2017 09:36

30th june RBC underperform tp 1530p
30th june JP Morgan Caz neutral tp 1600p

reiterations

[philanderer] 29/6/2017 09:29

29th june Barclays overweight tp 1900p

reiterates

[philanderer] 28/6/2017 18:39

Strong £ doing the damage today thanks to Carney :-S



'Burberry comes under pay pressure from investors'

[philanderer] 28/6/2017 13:17

Not today lb ;-)


Burberry: Citi reiterates Neutral with a target price of 1760p.

[lightningbolt] 27/6/2017 11:53

we're slowly creeping up here...

[philanderer] 26/6/2017 09:23

(ShareCast News)

- The status of Bond Street as the UK's most exclusive shopping destination is under threat, as one in four retailers on the famous street consider shutting up shop and moving out as a result of high rents and business rates.

About 25 of the 100 top fashion brands with stores on Old and New Bond Street are understood to have flagged to the property market that they are ready to quit the world-famous fashion district. Dolce & Gabbana, Hugo Boss, De Beers and DKNY are among the big brands understood to be considering their options.

- Guardian

[philanderer] 25/6/2017 19:42

Burberry names Gianluca Flore President of the Americas

[philanderer] 22/6/2017 23:44

Quite happy if the shares were being cancelled thus increasing the EPS, but to keep in treasury, not so sure.


'Burberry appoints American retail veteran to its board as it targets US sales'

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[lightningbolt] 22/6/2017 11:48

whats your view as to the share purchases? - at this rate they'll be buying the company!

[philanderer] 22/6/2017 09:24

Morning lb, I reckon there's a good chance we'll be taken out here by the end of 2018 .... at a decent premium ;-)

[lightningbolt] 21/6/2017 09:03

looking good.

[philanderer] 20/6/2017 23:52

Shares in luxury clothes firm Burberry rose after Berenberg bumped its price target for the stock up to 1900p from 1840p and reiterated its 'Buy' rating.
Berenberg said Burberry is unlikely to see any vast improvement until new chief executive Marco Gobbetti has settled into his role after joining next month.
But it said the appointment of chief financial officer Julie Brown in January could accelerate Burberry's returns to shareholders, citing its recent decision to buy back £300m of shares.
Berenberg also noted the popularity of Burberry's leather handbags in China, despite the firm lagging behind competitors in the huge growth market in general. Shares rose 0.8 per cent, or 13p, to 1755p.


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