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MUL Mulberry Group Plc

122.50
0.00 (0.00%)
Last Updated: 08:00:18
Delayed by 15 minutes
Mulberry Investors - MUL

Mulberry Investors - MUL

Share Name Share Symbol Market Stock Type
Mulberry Group Plc MUL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 122.50 08:00:18
Open Price Low Price High Price Close Price Previous Close
122.50 122.50 130.00 122.50
more quote information »
Industry Sector
GENERAL RETAILERS

Top Investor Posts

Top Posts
Posted at 19/11/2022 17:30 by gregpeck7
It's 30th peoplehttps://www.mulberry.com/gb/investor-relations/reportsDown the bottom in financial calendar. Qatar apparently giving out mulberry handbags at the World Cup!
Posted at 24/11/2021 09:00 by irenekent
And about time too. Glad to see my faith in this company finally vindicated. They'll have to be on every ESG investors' list except for the vegans (they still use leather). Great results and a unique and modern approach to design. Maybe one day we'll be back to £20.
Posted at 21/9/2021 08:40 by clocktower
Seems like the steam has already run out of Momentum Investors sails, following yesterdays early surge of buys. Early Days though and another one that should show fantastic results for their record of picking winners.
Posted at 20/9/2021 08:59 by lomax99
What's up - tipped in Momentum Investor over the weekend.
Posted at 27/7/2021 12:34 by clocktower
Bored investors seem to be looking for cash or moving to high risk investments I guess. Some would rather risk it all on tulip blockchain businesses or cryptos.
Posted at 06/6/2021 10:50 by clocktower
Quality Mulberry branded goods look and are good however "a but rich" to many but they are sought after and in demand around the world, regardless of the p/e rating, I expect the shares to soon be as sought after by canny investors also.

Some might also find holding around 500 shares (I think,it used to be 250 I believe, but correct me if I am wrong) very beneficial for the shareholders discounts available.

So if your spending a few thousand with them a year(the decent bags) you save circa £600.00 let us say 500 shares at £4.00 = £2,000.00 so save £600.00 in year one alone, plus the recovery story and chance of a big bonus if a bid comes for the brand.

"Shareholder Benefits:

A discount of 20% is available to private shareholders at the following stores on production of a valid shareholder discount card:"




How much is a premium brand worth kibes?
Posted at 12/3/2021 19:02 by jbfnfn
The rise in Mulberry may be due to a positive trading statement from Burberry today. Either that or there are some traders out there who have mistaken Mulberry for Burberry.

From the Guardian 12/03/21

Burberry upgrades forecast as sales in China and South Korea rebound



Burberry’s share price is up about 7% – its highest level since before pandemic

Burberry has upgraded its full-year profit forecast after a rebound in sales since December, driven by a strong recovery in demand for its luxury goods in China and South Korea.

In a rare piece of positive news from a fashion retail sector battered by the coronavirus crisis, Burberry said on Friday that like-for-like store retail sales would be up by nearly a third year on year in the first three months of 2021.

The unscheduled trading update cheered investors, with Burberry’s share price up about 7% at lunchtime on Friday, its highest level since before the pandemic.

“Since December, we have continued to see a strong rebound and now expect revenue and adjusted operating profit to be ahead of consensus expectations,” the company said.

Burberry, known for its trench coats and distinctive patterned goods, said the performance upgrade is expected to lessen the overall decline in full-year revenues to 10%-11%. Analysts had forecast a fall of about 13%, according to Burberry.

The company, which has used stars such as the footballer Marcus Rashford to broaden the appeal of its collections to a younger market, said in January it had also seen strong demand from Chinese and Korean shoppers in the closing months of 2020.

While sales in Europe, the Middle East and Africa were down about 37%, said Burberry, on the back of store closures and fewer tourists, sales across the Asia Pacific market were up 11%. It again singled out China and South Korea as driving the recovery in sales.

Burberry is operating with about 15% of its stores around the world closed and about a third under reduced trading hours or restrictions.

Earlier this week, the Italian fashion house Prada and the luxury goods group Salvatore Ferragamo also said that strength in China had boosted sales this year.
Posted at 09/6/2013 20:43 by williemanjaro
rebel---watch ya back here------I`ll say no more....

Dont have the full article---but this summing up from yesterdays sunday Times--ha

The pause that refreshes? That is what investors in Mulberry are hoping the recent share price fall is signalling, as the company gears up for another expansion drive overseas, opening 20 stores, including flagship outlets in Shanghai and Beijing. Nevertheless, the company will require quite a bit of marketing magic - if not luck - if it wants customers to put its wares in the same camp as Louis Vuitton and Chanel. Warren Buffett famously said: "Never invest in a business you don't understand." "I'm sorry; I just don't understand how you convince anyone to pay £3,000 for a handbag. Pass," says The Sunday Times´ Danny Fortson.
Posted at 05/1/2011 07:45 by james111
goliard, i think maybe the CEOs chunk went to an institutional investor who couldnt pick up enough on the open market. we shall see

James
Posted at 19/6/2009 08:03 by lomax99
Mulberry bags a rebound in sales
By Samantha Pearson

Published: June 19 2009 03:00 | Last updated: June 19 2009 03:00

Bargain-hunting tourists and a late rush by UK shoppers for expensive leather handbags helped Mulberry recover from a difficult third quarter.

After issuing a profit warning last December, sales at the luxury goods group have risen and surged 21 per cent on a like-for-like basis in the 10 weeks to June 9.

Godfrey Davis, chairman and chief executive, said Mulberry had benefited from the weak pound, which had lured European tourists to its UK shops.

But luxury accessories. and in particular the Mitzy handbag collection introduced in February, were also still popular among thrifty British shoppers.

"In the current climate, over-the-top extravagance isn't very fashionable but our British heritage, slightly understated brand is suiting the current market conditions quite well and people buy our bags as investment pieces," he said.

Although the group has refused to hold seasonal sales for fear of damaging the brand, Mulberry's "off-price" outlets - discount stores selling old collections - were the main driver of growth with sales rising 45 per cent. In its full-price shops, like-for-like sales rose 11 per cent in the 10-week period.

However, while turnover rose 14 per cent from £51.2m to £58.6m in the year to March 31, pre-tax profits dropped from £5.19m to £4.18m, mainly due to investment in six new stores in the UK, Europe and the Middle East. Earnings per share dropped from 6p to 4.5p but the debt-free group still maintained its dividend at 2p.

Mr Davis said he remained cautious about the outlook for wholesale sales this year, which account for 40 per cent of revenue. The group forecast wholesale orders for the autumn/winter collection would drop 15 per cent year-on-year and fall 4 per cent for the spring/summer ranges next year as retailers remain wary of stocking up on luxury goods.

The shares closed up 2¾p at 67¾p.

* FT Comment

In spite of its appeal to tourists as a British heritage brand, Mulberry was only set up in the 1970s. However, its immaturity should be the real appeal to investors. Compared with rivals in the sector such as the vast 19th-century Burberry empire, Mulberry's compact size of less than 80 shops and fascias leaves it less exposed to difficult markets and better able to expand in an upturn. On a pre-tax profit forecast of £2.9m, the shares look cheap on a forward price/earnings ratio of about 19.
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Not entirely sure a PE of 19 could be called cheap, probably more re-inforcing a perception of quality!

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