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MUL Mulberry Group Plc

115.00
-5.00 (-4.17%)
30 May 2024 - Closed
Delayed by 15 minutes
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
  -5.00 -4.17% 115.00 110.00 120.00 120.00 115.00 120.00 1,698 08:30:56
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Apparel & Accessories, Nec 159.13M 13.24M 0.2204 5.22 69.09M
Mulberry Group Plc is listed in the Apparel & Accessories sector of the London Stock Exchange with ticker MUL. The last closing price for Mulberry was 120p. Over the last year, Mulberry shares have traded in a share price range of 94.00p to 279.00p.

Mulberry currently has 60,077,458 shares in issue. The market capitalisation of Mulberry is £69.09 million. Mulberry has a price to earnings ratio (PE ratio) of 5.22.

Mulberry Share Discussion Threads

Showing 1026 to 1050 of 1050 messages
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
DateSubjectAuthorDiscuss
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
30/11/2023
07:40
Well it’s cooked, losses are going to keep mounting and the interest rates on debt will help to cripple what Is now a zombie company.

It is likely to go the same way as Pittards before to long, bar the brand has value impo.

Mike has got this one wrong it seems...

clocktower
23/11/2023
16:55
The Ong's still want Mulberry.

Ong Beng Seng and Christina Ong have control of the business with 56% of the shares. Melissa Ong is a director.

Ashley has about 37% of the shares but I'm not sure that's bought him any influence at all.

That leaves about 7% of the shares as a free float that's only 6 or 7 million pounds at the current share price.

Ashley probably has a higher net worth than the Ong's, but both parties are billionaires. The Ong's are old money based in Singapore, see the film "Crazy Rich Asians". Except for a lot of money I'm not sure Ashley has anything in common with the Ong's. I would be very surprised if they moved in the same social circles.

The Ong's may not care what the share price is. I have a very small holding here I'm a penny punter. Is the current business strategy the correct one? If they reduced costs could a decently profitable business emerge or would that devalue the brand. How can they compete with LVMH? Do they need to?

jbfnfn
17/11/2023
07:51
Well it’s been a few years since the shares were languishing this low, in fact was it not when MA picked up a stake at around £1.50 if my memory is correct.

The director buy did not seem to give further confidence either.

So will the Far Eastern sales be strong enough to start to see the company return to its former glory?

Or who would want Mulberry ?

clocktower
04/8/2023
14:38
How much of a sales impact have on UK figures through the shutting of the Bond Street out let and in general because of the VAT-free situation in the UK.

I guess some of those customers could nip off to the Channel Islands (Guernsey) and get the bags VAT Free as they do not impose any tax as far as I am aware.

I guess one could pre-order online for delivery to there to a post box address VAT-Free if there are no shops that sell Mulberry Bags.

clocktower
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older

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