Mulberry Dividends - MUL

Mulberry Dividends - MUL

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Mulberry Group Plc MUL London Ordinary Share GB0006094303 ORD 5P
  Price Change Price Change % Stock Price Last Trade
10.00 3.94% 264.00 16:35:13
Open Price Low Price High Price Close Price Previous Close
260.00 252.00 268.00 264.00 254.00
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Industry Sector

Mulberry MUL Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

clocktower: In light of the results it is clear that MUL is well undervalued, as it is likely that there will be a huge recovery next year. Mike got himself another bargain.
clocktower: It is better to have the Ong`s running MUL as I guess Mike will soon see a huge return on this investment, as sales return and exceed previous levels over the next two years. Besides, the sales growth MUL will get from the promotion that Frasers will put everything into - there will be string international growth, and Mike might have an eye on other markets as well.
jbfnfn: Dennis 144 I can't see a reason why the Ongs would sell Mul to Mike Ashley. My understanding is the main listed vehicle controlled by the Ongs is Hotel Properties Limited (H15.SI) quoted in Singapore. As with all hotel businesses worldwide it's not doing too well, but it doesn't look terminal. Recovery from covid 19 in Asia has been much faster than Europe. It would really need a team of forensic accounts to work out how the Ongs are doing globally, but if there was trouble surely some news could be picked up. The Ongs may have enough money to to consider Mul something for Mellisa Ong to play with. It would be great if someone native to Singapore could chip in with a view on the Ongs business situation. It's hard to see how Mul's main shareholder the Ongs and PIs interests could coincide here. The Ongs may not care what the share price is or how little profit is made. I have a small underwater holding here, can't decide whether to topup or get out.
jbfnfn: Is the strategy correct? The concern for me is the Operating expense here. As a percentage of sales OpEx is about 70% at the half year. Compare that with Burberry where the OpEx is about 50% of sales. For Mul OpEx may fall to the low 60s for full year. I understand why OpEx is going up with expansion of the number of stores in Asia e.t.c. There seems to be no urgency on making a profit. With the rise in Online sales do they need all these stores? Is there nothing in the 100 million plus annual OpEx which could be trimmed? The strategy relies on a substantial increase in sales for the company to make a profit. What if tha sales rise doesn't come soon? Whats happened to the Ongs business sense? With the rise in Online sales do you need the full traditional OpEx for a luxury brand?
jbfnfn: Item about MUL in the Tempus column of The Times today. Conclusion was avoid. No near term catalyst for a re-rate. The market cap of MUL is 160 million pounds. If you started from scratch could you duplicate MUL for that amount? Two factories in somerset e.t.c.
clocktower: Will one of the BIG Luxury Brands make an offer for MUL ?
danny baker: The problem MUL faces in the UK is that it is a niche brand selling its quality leather handbags to respectable middle class women who only buy one good handbag. House of Fraser was the perfect outlet to target this sector of the market. Mike Ashley is likely to reposition HoF towards the more fashion conscious 'footballers' wives' crowd who have collections of handbags and spend money more often. I can see Mulberry being edged out in favour of brands like Fendi, Moschino etc along the lines of Flannels.
irenekent: Interesting that Burberry are looking to go the route that worked so badly for MUL. They are raising their price points to try and make their offering more exclusive. Can't see it working as they are still seen as a bit of a chavvy brand compared to MUL. Good news for us though. Probably why our price has started to lift albeit on relatively small volumes.
dlku: main on sunday - profit collapse at mul
williemanjaro: Independent headline-"Mulberry issues new profit warning as lower-priced strategy fails to deliver" Lower price....well thats a start. The mistake MUL initially made was to take on Prada and the like with "We dont want to sell t-shirts for £150, sell them for £300"!
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