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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mulberry Group Plc | LSE:MUL | London | Ordinary Share | GB0006094303 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 97.50 | 90.00 | 105.00 | 97.50 | 97.50 | 97.50 | 1,013 | 08:00:08 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Apparel & Accessories, Nec | 159.13M | 13.24M | 0.2204 | 4.42 | 58.58M |
Date | Subject | Author | Discuss |
---|---|---|---|
15/7/2024 13:12 | Not surprising MUL is falling with news like this. "The Americas and Asia Pacific both experienced a 23% drop in sales, with Europe, the Middle East, India and Africa (EMEIA) reporting a 16% fall." | ![]() clocktower | |
10/7/2024 16:53 | That was a quick turnaround, the CEO failed from day one and if they think changing the guard will change the problems they have already caused themselves, I think they are very mistaken. This now needs to be taken over by one of the big international brands. This is likely to sink with its debts impo. | ![]() clocktower | |
24/6/2024 13:48 | Even the Bayswater bag is heavily discounted, which is not the best of signs but maybe a good time to get hold of a bag rasther thasn the shares. | ![]() clocktower | |
17/6/2024 12:08 | Sales dive at Michael Kors in the UK - so expect more bad news from handbag sellers. | ![]() clocktower | |
02/5/2024 13:31 | Wait for the next numbers and you might change your mind greg... | ![]() clocktower | |
01/5/2024 20:12 | Didn't think that update was too bad. | ![]() gregpeck7 | |
01/5/2024 07:56 | The expected things are tuff and we are making losses. So TA is turning out to be a liability as the growth in Europe is only driven by increasing the number of stores, which just go on to add costs. The company is getting itself into deeper debt, as the results will show. What next, as the major shareholder is unlikely to sell? Back to 50p before the year is out imo. DYOR | ![]() clocktower | |
17/4/2024 10:24 | Good sized buy at £1.24 Maybe MA adding. | ![]() clocktower | |
26/3/2024 09:11 | Under £1 soon and into pennies, as it was when I started this thread in 2004 but there have been super highs in between, so one must be grateful and it is disappointing to see it slowly sinking but not unexpectedly. What will MA do? | ![]() clocktower | |
21/3/2024 14:02 | So now on a 52 week low ans not a word from the BOD. If the company is running at a loss, how much is it worth? 10 years or so ago this was 50p and I can see it returning to that before long impo. DYOR. | ![]() clocktower | |
20/3/2024 14:50 | Debt might drag this down and under if sales slow and costs keep rising, as the middle earners have to tighten their belts all over the world, as companies like this cannot depend on the very rich buying their bags etc. DYOR | ![]() clocktower | |
20/3/2024 12:01 | Very likely (imo) Bling is under the cosh from a mixture of "out of fashion for many" and the cosh of less disposable income for many who would have bought in China. Likely share price reaction will (imo) depend on forward vision. | ![]() pugugly | |
20/3/2024 06:52 | Gucci sales fall by 20% mainly due to falling sales in Asia. So will MUL be suffering from the same problem, and what will it mean if this is the case? | ![]() clocktower | |
07/2/2024 18:55 | Had to edit this post as I missed some options granted in July 2023. OPTIONS GRANTED UNDER THE 2008 UNAPPROVED SHARE OPTION SCHEME Thierry Andretta 230,415 (Exercise price 8.680 Pounds) Thierry Andretta 70,000 (Exercise price 10.342 Pounds) Thierry Andretta 350,000 (Exercise price 2.705 Pounds) Thierry Andretta 350,000 (Exercise price 2.49 Pounds) Granted July 2023 So that's 1,000,415 options. Thierry Andretta was also granted 250,000 options on the performance share plan but these have now lapsed because the performance conditions were not met. The exercise prices were just the share price when the options were granted. It's a reminder of how far the share price has fallen in the last 10 years and even the last 6 months. So Thierry Andretta currently has 1,000,415 options which are worth nothing as the share price at 1.4 Pounds is a long way below the exercise price of any of the options. Thierry Andretta will have to struggle on with his 1M plus package of basic salary, taxable benefits and pension contributions. What seems to happen is they grant options, the share price falls further so they have to grant more options at the lower price. I could have made a mistake as I only have a comprehensive school education. | ![]() jbfnfn | |
06/2/2024 13:09 | T A Total income 2022 £1,847.000.00 2023 - £1,158.000.00 So 12,000 shares at £1.20 = £14,400.00 is less than a weeks salary, not to forget all the options he has, so I guess he really would like to see the share price much higher but he needs to deliver better results than he has to date. I think it is over a million options he has to date - correct me if I am wrong. | ![]() clocktower | |
06/2/2024 12:27 | Showing a little faith but then it's not like putting his shirt on it. How much salary and perks does he get? | ![]() clocktower | |
18/1/2024 12:08 | Kinwah your correct about the focus, trying to sell the products you talk of and others is a folly and just goes to show how out of touch the management is. They used to be known for their Luggage and that is where the money is not sunglasses etc. | ![]() clocktower | |
18/1/2024 12:03 | There have been some genuine headwinds for this business. For example back in 2019 there were about 1 million mainland Chinese visitors to the UK. Even without VAT free shopping some of them would have bought something from Mulberry at places like Bicester village. Covid saw that 1 million down to a few thousand. In 2023 looks like it may get back up toward 250,000 mainland Chinese visitors. That's still only a quarter of the 2019 number. The costs of the business have gone up because they have been buying out their partners in overseas operations. The interests of minority shareholders may not be aligned with the majority shareholder the Ong's. Maybe the Ong's can rent out property to Mulberry outlets around the world and so make money that way. That way the Ong's can still make money whether Mulberry does or not. There should be a space in the market for a UK based luxury handbag maker. Whether the current business strategy is the right one is the question. | ![]() jbfnfn | |
18/1/2024 09:06 | That looks like a dash for cash. Begs the question though what idiot would pay £140 for a Mulberry luggage tag in the first place. Should Mulberry really be selling sunglasses and leather phone cases? I think some hard questions need to be asked about stock levels and focus. It's going to be tricky shifting those iphone 13 cases. | ![]() kinwah | |
17/1/2024 14:29 | I guess MS wanted to make sure Mulberry Ranges stayed in Frasers and he may hold on because he is one of the few that can expend their business in the UK and further afield in time. Shows how tuff business is when you look at the sale range - deep price cuts, even selling the famous Bayswater Bag at a cut price. | ![]() clocktower | |
17/1/2024 10:54 | I thought the trading statement was in line with what I was expecting. What concerns me is the rapid rise in borrowings at the half year. These look set to rise further by the end of the year. I really can't see what MA is holding on for. I think his only option is to sell his stake to the majority shareholders at a discount triggering a mandatory bid and delisting. He exited French Connection when he lost any strategic rationale for keeping his stake and I'm expecting a repeat here if he can get the deal done. | ![]() kinwah | |
17/1/2024 09:06 | Kinwah todays news will only raise more concerns, if it were not for Mike Ashley then I think you might be correct and he might become a seller as his investment now looks doomed imo. DYOR | ![]() clocktower | |
12/1/2024 22:18 | It feels like it is slipping off the stock market. The Mulberry brand is in a no-mans land between much cheaper labels like Coach and Kate Spade and the genuine premium brands from Chloe up to LV and Gucci. MA would probably vote against a delisting resolution but it could be done unofficially by MUL missing deadlines for announcing its final results. MUL looks like a rich people's plaything with very little protection for the remaining minority shareholders. | ![]() kinwah | |
12/1/2024 20:21 | I'm not sure its toast just yet but feels like a rights issue is on the way bar a miraculous Christmas trading period. The interims were shocking and the balance sheet looks fully stretched to me. Feels like they need to raise at least £20m. It is poor management to let spending get out of control without the revenue growth and balance sheet to support it | ![]() valuschmalu | |
12/1/2024 16:33 | Not a luxury brand really, lost in the middle | ![]() ny boy |
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