Burberry Share Discussion Threads

[essentialinvestor] 20/5/2024 17:23

Views are subjective, financials less so.

The pre tax number tells you what is happening to the business atm.

Perhaps that changes in the future, etc.

[laurence llewelyn binliner] 20/5/2024 17:10

#EssentialInvestor, all views matter, I am looking for all the pros and cons, not just what I see or want to see, the power/resilience of a brand is what will shine through (or not), the BOD strategy and direction to recover sales will dictate volumes/revenues..

The share price is now lower than March 2020 when all their shops were shut, which is at odds to logic post pandemic..

19th July for the Q1 update..

[essentialinvestor] 20/5/2024 17:02

With respect that view may be too simplistic.

It's not just luxury spending, it's whether the BRBY offering resonates with consumers.

Their current stategy is brand elevation, raising the price point and selling branded products as a top tier luxuary brand - that does not appears to be working as planned atm.

The revenue fall in China over the last Q is a shocker and this is a vital market for the business.

Bid possibility yes.

[laurence llewelyn binliner] 20/5/2024 16:51

#fuji99, nothing is a given of course, but considering the companies history and resilience, my bet is on luxury spending coming back as soon as interest rates soften, disposable cash increases, the energy crunch has come off now from electricity/gas bills being the priority, inflation outside of mortgage payments is pretty much done now and wage rises have caught up, the wealthy will carry on spending regardless, but the sales volumes come from a different aspiring sector buying their rewards/treats world wide..

LVMH are always looking to add to their 73 existing brands, and their 75BN EURO turnover dwarfs our ambitions to get to 4BN, up from 3..

Could the share price soften more..?, sure, but GBP10 might well be where we see some support coming in..

[fuji99] 20/5/2024 16:42

LLB - Agree with your point this is a very resilient company.
Even during the Covid times, it dropped in January 2020, from £23+ to £11.60 then recovered to over £17 in just six months to reach later a peak of £26 in April 2023.
IMHO this drop is overdone and I am convinced it will recover to possibly new highs. All this is while enjoying a decent dividend every year and possible sector consolidation on the horizon.

[laurence llewelyn binliner] 20/5/2024 16:01

#Fuji99, we have until 26.06.224 to add for the dividend, BRBY have been in the game for 165 years, and how many recessions/slowdowns have they endured..? many times more than 2023/2024, possibly 1 of a few companies that survived the last pandemic too in 1918, just let the BOD get on with the job of working through it and covering the dividends IMO, these were GBP26 a share a year ago, now 10-11 and paying 5% with the 61 pence payout maintained..

[fuji99] 20/5/2024 13:18

This has now reached a new low for the last 5 years.
IMO it's time to buy - This is without taking into account any future bid approach or a dividend yield of 5.5%.

[hamhamham1] 17/5/2024 16:44

Yeah. Hilarious, sold at 1090, when forgot to say when bought :)
And ooh. It's down smidge today, wow :)

[havinthelasttoast] 17/5/2024 09:28

Banked 1090 on my short and now back in at 1150. Love this game.

This dog will be 900 in due course.

Mug spiking a few mugs first

[laurence llewelyn binliner] 17/5/2024 08:22

As expected, sell the news which was not that bad and a quick rebound to similar levels, a recovery play here, just watch and wait as the BOD implement their strategy and interest rates come back which will get people spending again on luxury as well as essentials.

[hamhamham1] 17/5/2024 08:14

Where's Wally?

[havinthelasttoast] 16/5/2024 10:44

Toast told you yesterday.

“ UBS cuts Burberry price target to 750 (971) pence - 'sell'

[muffster] 16/5/2024 08:10

That toast idiot does the same thing on the Angle board. Sad.Simply Wall Street DCF model indicates 15 pounds a share fair value.

[havinthelasttoast] 16/5/2024 07:46

This hits 800 before the interims.

Then it’s dividends cuts, mass job cuts. Store closures and new management.

No doubt the mug trying 2 trade will do what his name suggest and be bag holding again. What a mug

[action] 16/5/2024 07:29

Buy after exd meltdown.

[lonrho] 15/5/2024 23:23

The call wasn't good not helped by the cfo being in hospital for an operation and the investor relations chap being stand in finance expert. Huge spread in analysts forecasts as none including company seems to have a clue at this stage. Guess if anyone wants to buy it is now the time to strike or wait until after the interims which could be dire.

[trying2trade] 15/5/2024 22:20

Toast the mug still not prepared to make any calls of his own. Zero credibility.

[havinthelasttoast] 15/5/2024 19:06

No you didn’t hit guidance ya ramping mug. Not only did profits fall a hell of a lot more but they won’t even give forward guidance because wholesale guidance for the next 6 months is 25 percent decline. They were pushed by 5 analysts and would give no further guidance it’s so bad.

Wait and see the downgrades flying in. This is worth 500p max in current state. Why don’t you watch the investor call instead of baseless ramping ya daft mug

[laurence llewelyn binliner] 15/5/2024 15:02

A sell the news day…, we hit guidance and maintained the dividend, the results were not bad, they were as expected, the outlook for disposable cash will strengthen as/when interest rate fall, the brand needs to sell into it, or perhaps some consolidation in the luxury sector might pick up, LVMH are always looking to pick off the competition..

LVMH, the worlds leading luxury products group, gathers 75 prestigious brands with 86.2BN EUR revenue in 2023 and a retail network of over 6,000 stores worldwide..

12.01.2024 - BRBY targeting 4BN revenues stand alone

Review in 6/12 months time and collect the dividends.. :o)

[essentialinvestor] 15/5/2024 14:59

Dave, they have attempted to 'elevate' the brand.

A fair question to ask is.. will the repositioned offering resonate with consumers, given a higher price point.

LVMH bid down the line, perhaps.

[disc0dave46] 15/5/2024 14:40

Hi EIDespite the poor results it's not made a new low, which is a positive in terms of market sentiment - a recovery play now?.