Burberry Share Discussion Threads

[aimloser1] 15/7/2024 10:43

I bought at 1500 thinking they were value then when dropped to 1200 bought more. Terrible decision

[topazfrenzy] 15/7/2024 09:49

I just took a first (small) position here

Good luck all

[scepticalinvestor] 15/7/2024 09:21

Cant exactly disagree

[porsche1945] 15/7/2024 09:08

This is why uk shares are known as “ the bug zapper trade “. 😂😂 For shorting purposes only, uk indexes full of utter junk.

[stallone10] 15/7/2024 09:05

Burberry is out of fashion

[essentialinvestor] 15/7/2024 09:00

Another huge pay day for Marshall Wace.

There were numerous articles in the fashion press questioning their brand strategy.

I posted a link to some of their current range and pricing as thought pricing was la la land.

The now former CEO attempted to position the brand as ultra luxury with pricing to match, consumers said NO.

[alotto] 15/7/2024 08:54

I am surprised this did not dive even further.
Good luck with getting your 'core customers' back in the shops!
<500p is on the cards now.

[scepticalinvestor] 15/7/2024 08:42

I still think company is now worth roughly half of current mkt cap

[mister md] 15/7/2024 08:42

The chart looks like that of an AIM stock ...

[essentialinvestor] 15/7/2024 08:32

"..I would like to take this opportunity to thank Jonathan Akeroyd for the contribution he has made to Burberry. Jonathan has set out a clear strategy for growth that we will build on."

I have no words.

[kinwah] 15/7/2024 08:24

I reckon Burberry is a relatively easy fix for someone like the new ceo who knows what he is doing. Good riddance to the previous guy who introduced designs which were too expensive and unappealing for Burbery's clientele. The Chinese Market is difficult for everybody. I think we'll see a slashing of the Australian footprint expansion which has flopped. Big question is whether the scent of a bloodied and battered business will attract a ruthless predator. This is why the fall will be relatively limited today.

[laurence llewelyn binliner] 15/7/2024 08:20

Poor results for sure, but..

New CEO
New strategy
Shore up the balance sheet by cutting the dividend is sensible
FX headwinds will soften when we get a rate cut(s) here weakening the GBP..

The FY2024 dividend has already gone XD, payable 02.08.2024, the cancellation is wrt FY25

[action] 15/7/2024 08:19

Or could be for 2025 ye

[jubberjim] 15/7/2024 08:18

dividend suspended ?


Does that mean there will be nothing forthcoming on 02 August

If so expect a blood bath nearer the date

[scepticalinvestor] 15/7/2024 08:07

Incredible - expected far lower open given the appalling update.Its uninvestible atm imo

[salver2] 15/7/2024 07:58

I reckon about £6.50

[scepticalinvestor] 15/7/2024 07:43

400p open?

[scepticalinvestor] 15/7/2024 07:43

RIP burberryCondolences to shareholders

[pugugly] 15/7/2024 07:29

Looks like a very significant profit warning with a very foggy outlook. Confirms the Daily Mail article previously posted that they had lost their way.

(imo) possibly too late to sell but too early to buy for recovery.

[laurence llewelyn binliner] 15/7/2024 07:23

This mornings news answers many questions..New CEOLoss potential for H1Dividend suspended

[laurence llewelyn binliner] 13/7/2024 12:17

#T2T, I am open to, and looking for the arguements on both sides for the pros and cons of buying/adding to BRBY in case I have over looked anything, BRBY could be a recovery play, or become a takeover target at these levels which could deliver a return..?

With inflation largely done now the CPIH figures are held up by higher cost borrowing and these will be coming down PDQ as I see it (Aug/Sept), that lagging contributor to mortgages/rents will drop out of the YoY data soon and replaced with lower numbers..

Entry timing is the key to returns and profits, I am expecting the coming T/U 19th to be weak (any news on a Friday usually is), but will the outlook be any better and will the dividend policy remain progressive to support the share price .?

[trying2trade] 13/7/2024 11:27

I think you're in a little bit of denial about the prospects of global economics. We still haven't seen extended hardship as a result of covid. The amount of money pumped into the world economy isn't equal to 18 months of increased rates. Chinas growth continues to fall, the Yen is weak and the US stocks market is being propped up by an AI boom whilst their housing market teeters.

[huckers] 13/7/2024 11:09

Investor fury as lacklustre Burberry slumps:

www.msn.com/en-gb/money/other/investor-fury-as-lacklustre-burberry-slumps/ar-BB1pTj75?ocid=msedgntp&amp;pc=U531&cvid=d32739f893cb4b8f92b5272a90387baa&ei=11

[laurence llewelyn binliner] 13/7/2024 08:45

No, but it will for those that are stuck on 6/7/8% variable products and now coming up for renewals on lower rates, 100,000 people a month in the UK are rolling over to new mortgage products, the trend for rates will be down now so it is more about the next 2/3/5 years, for a global brand, it is about global rates, and now inflation is mostly done, the macro rates outlook should trend down, cheaper debt drives sales and growth everywhere, the luxury/premium sector are all feeling some pain currently so it is not isolated to BRBY, but they have been hit harder than most..

This weeks coming TU will be very interesting/revealing..