Burberry Share Discussion Threads

[philanderer] 12/7/2016 14:48

Blackrock adding 500k

[philanderer] 12/7/2016 13:33

Burberry Shares Still Cheap Despite New CEO Boost

[philanderer] 11/7/2016 23:44

'Burberry investors question boardroom shake-up'


Though pleased that designer Mr Bailey will hand control of the FTSE 100 retailer’s financial future to Marco Gobbetti, shareholders questioned the incumbent’s new title of president in addition to his existing role of chief creative officer.

One top five investor said the decision to hand Mr Bailey the role “looked very odd” and said they would press Burberry’s board for further clarity about how Mr Gobbetti and Mr Bailey’s responsibilities would be split. Both men will report to chairman Sir John Peace and, as such, Mr Bailey will be Mr Gobbetti’s equal.

One company source said: “Christopher will still be setting the strategy and vision of the company alongside Marco.” Richard Marwood, fund manager at Royal London Asset Management, which holds a stake in Burberry, said he has questions “because we don’t really know what the role of president will mean”.

Shareholders also queried the notion of effectively paying for two chief executives.

Mr Bailey, who holds on to his current remuneration package, saw a 75pc reduction in his annual compensation last year as a result of a fall in profits. He took home just over £1.89m, compared to £7.51m the year before.

Mr Gobbetti will be entitled to the same pay package as Mr Bailey, which includes a £1.1m base salary, an annual £80,000 travel, car and clothing allowance in cash, a bonus of up to 200pc of salary, a share award of up to 325pc of his salary and a 30pc pension contribution.

The result is a £6.98m potential pay pot. He will also be awarded shares worth as much as £4.25m to compensate for those he will forfeit by leaving Celine. These will pay out between 2017 and 2020.

[philanderer] 11/7/2016 23:27

Telegraph market report:

Luxury fashion house Burberry was also among the biggest risers, up 49p to £12.11, after it named Marco Gobbetti as chief executive. The FTSE 100 company said Mr Gobbetti will join next year from French luxury brand Céline, where he is currently chairman and chief executive.

He will succeed Christopher Bailey, who will stay on as president and chief creative officer. Helen Brand, of UBS, said the new appointments are a “positive”, as there will be a “good balance of luxury expertise combined with operational focus”.

[tongosti] 11/7/2016 15:13

Jumped in today. Bought not necessarily because of the latest CEO news but because BRBY has been acting right over the last 4 weeks. Price has been increasingly heavier volume which tells me more and more buyers are coming next in. Stop loss at £10.2 so let's see how this one will go!

[philanderer] 11/7/2016 14:02

At last !

Proper management changes . I`ve added a few more

Fashion chain Burberry have just announced a new chief executive.

It’s Marco Gobbetti, currently CEO of fashion chain Céline.

This means that Christopher Bailey, Burberry’s creative mastermind, is moving to become president, after two years as CEO. He’ll be chief creative officer too - but effectively he’s losing day-to-day control of the company

It’s not a great surprise; City investors were concerned that Bailey couldn’t do both jobs, especially as trading has deteriorated in recent months.

Burberry shares have jumped 6%...

[philanderer] 11/7/2016 08:54

11th july Deutsche ' hold ' tp 1350p up from 1250p

[philanderer] 07/7/2016 00:05

xd for 26.8p thursday morning.

[philanderer] 06/7/2016 23:50

Luxury fashion house Burberry was also among the top risers after UBS reiterated its “”buy” rating and hiked its adjusted pre-tax profit forecasts for the year up by 13pc on the back of the depreciation in the pound. Analysts said the FTSE 100 remains attractive following the “recent market dislocation”. Shares climbed 9p, or 0.8pc, to £11.69.

[philanderer] 06/7/2016 12:23

Thank gawd for a few $ earners in the portfolio ;-)

[philanderer] 05/7/2016 10:06

5th july Liberum sell tp 975p
5th july Jefferies hold tp 1290p

[philanderer] 04/7/2016 11:10

HSBC downgrades to 'hold' ... target cut from 1500p to 1330p

[brutus8] 01/7/2016 15:33

1380 target.

[brutus8] 30/6/2016 17:05

I dumped GLEN Has been good to me twice in 2.5 weeks. A real performer has been LMI The trading range every couple of days is unbelievable but supposedly very risky and with "the so called experts" telling you to stay clear. Well I wish I never listened. Talk Talk also going ex on 7th July with a 10 pence + div looks better value than here so will keep an eye on the open which will greatly be effected by China report on whatever they fabricate this time round. Very frustrated that this CEO is still absent.

[philanderer] 30/6/2016 16:28

Yep agree brutus , recent rally to good not to cash in on.

I`ve done the same today with AZN and DGE.

[brutus8] 30/6/2016 11:43

From the trading this morning looks like fund managers will be gambling on the dividend next week and take profits off the table today.

[bigbertie] 25/6/2016 10:51

phil - agreed, they must see that and I'm sure there are some respected businss heavys around who would like a spell at BRBY.

[philanderer] 25/6/2016 00:05

Bailey needs to get some good help in.

[brutus8] 24/6/2016 18:13

no excuses now to get on a jet and negotiate deals with the world. Clearly the so called 500 million EU market did Burbury no favours. Europe's loss is someone else's gain.China is loaded with billionair's as is Russia & Malesia

[philanderer] 24/6/2016 16:49

$ earners all ok today.

[brutus8] 24/6/2016 15:51

Yep. Doing well. That juicy div is up for grabs. Rec date & ex date both on 7th July.Need a new style of handbag to sell in Europe. Big UnionJack and a special gift to Junkers wife.

[philanderer] 24/6/2016 09:54

Nah , FTSE100 +30pts on the week at the moment.

Carnage in the city boys banking community over the next 2 years

[philanderer] 19/6/2016 23:48

Luxury brands must adapt to slower growth, warns Italian designer label boss