Rotated some of the funds into Kering |
I'm out at breakeven
Too risky for now with Moncler out of the picture
Good luck! |
812p (+11%)
I'd be amazed if this ended the day down ;-))
Then again, it is FTSE listed ... |
Biggest riser on the FTSE350 today, didnt see that coming pre-market. |
Watch and learn mister dThis will be ending the day down |
ScepticalInvestor 14 Nov '24 - 07:21 - 2173 of 2174
650 open?
Don't give up the day job ? |
The big issue here is the £700m opex..
You could argue retail will stabilise now at minus 25%, wholesale May keep falling which is a risk … But with £700m of open this is a full blown turn around story, one that is now consuming cash.
Very high risk, only short term hope is a buy out , but that assumes the buyer can make use of the very high cost leases through China |
Lots of guff. The only thing this will reignite is investors panic650 open? |
Reporting here tomorrow morning, big day, we know H1 will be poor, but how poor and what is the outlook, what is the turnaround strategy, dividends are suspended for the year as we rebuild the companies balance sheet..
15.07.2024 - the slowdown in trading we experienced in Q1 FY25 continued into July. If this trend were to continue through the current quarter, we would expect to report a H1 FY25 operating loss and FY25 operating profit to be below current consensus.
We expect the actions we are taking, including cost savings, to start to deliver an improvement in our second half.. |
 From DB today:
European Luxury - China slowdown more than macro - China is the main issue for Luxury spending at this stage and it appears to be more than just macro related. Our dbDIG survey suggests that20-30% of consumers are trying to be less extravagant and choosing not to display their wealth openly and c.20% believe luxury prices have become too expensive. However,50-60% of consumers would spend more if the "feel good" factor returned on jobs, macro etc and 20% would buy more if wearing luxury became more acceptable. How long will it take - c.40% believe less than 6 months to get back to normal and c.15% believe it will take more than 2 years. The current consensus view is that we will see a recovery in spend from the middle of 2025 which would be a c, 12 month slowdown. This survey suggests it may take a bit longer for all demand to return. However, the most important factor is macro and this will be driven more by government actions and geopolitical risks - European Luxury: Chinese luxury declines more than just macro weakness |
Interims are likely to be horrific, would not like to be a holder. As posted previously, old Management trashed company & signed expensive leases on prime sites around the world, some three stories, presume 10 - 20 year leases so the pain will go on for a while. |
No bid, negative growth, untested BoD. Whats not to love? LOLExpecting the 5s here on results day |
Interesting to hear Moncler declare no interest, but as above someone or some II / fund has been loading up recently..
See what our Q2/H1 update on the 14th has to say wrt turnaround progress, we have also had 2 interest rate cuts and 0.50% here, 0.75% stateside post period to add momentum going forward.. |
And down she blows lol |
Well someone has definitely been loading up. Rival bidder perhaps. |
Final tree shake or deal off? |
Let's see if there's some positive movement in the share price this week |
A recent article in the FT is worth a read:
www.ft.com/content/083db765-02f0-4f34-ba38-1b257e6b8f56 |
An Interesting development, takeover or MergCo, see what comes next for shareholders, sit on your hands and wait, our interim results this week 14th could shed some light with any post period news.. :o) |
I am surprised price is still below 1000p.. looks like merger rather than takeover |
#Evoque92, thanks for sharing, there is rarely smoke without fire, we will have to wait and see the offer if/when it comes, and if it is cash, shares or both.. :o) |
www.dailymail.co.uk/news/article-14063573/British-fashion-house-Burberry-set-takeover-Milan-skiwear-giant.html#:~:text=Speculation%20that%20a%20takeover%20may,Moncler%20as%20a%20potential%20buyer.&;text=A%20source%20said%20Burberry%20has,Moncler%20bid%20have%20been%20confirmed. “Staff at one of Burberry's flagship London stores have already been told about the takeover, according to correspondence seen by The Mail on Sunday.” |
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