Mulberry Share Discussion Threads

[m_kerr] 05/3/2022 22:46:38

i'm no expert on high end fashion but what do people think about the potential of this brand? £141m is really not much at all if it has good potential. mike Ashley already owns 37% so it would be pocket change to stump up a 50% premium.

[silly billy] 04/3/2022 14:23:04

CK

it seems you always run before disasters. I am sad about your eve though.

[silly billy] 04/3/2022 14:11:39

not good

100p?

[clocktower] 28/2/2022 15:20:27

The Russians will not be able to buy these products now, and the Chinese may not be supporting British products now.

I got out before Russia attacked Ukraine but wish all luck but fear MUL maybe hit with falling sales.

[clocktower] 04/1/2022 15:44:42

Asian market weighing on the stock it seems.

[clocktower] 26/11/2021 09:08:01

I am surprised that it has fallen back bearing in mind how positive the outlook is, not only in the UK but Asia.

Part in due to the general market correction taking place I suspect.

[km18] 25/11/2021 17:54:53

"Profit before tax was up to £10.2m (2020: loss before tax £2.4m), although this included a one-off profit on disposal of Paris lease of £5.7m."

[essentialinvestor] 25/11/2021 13:55:17

There was an exceptional gain from a property disposal in the H1?.

[km18] 25/11/2021 13:53:37

Mulberry Group published its HY Report this morning. Revenue was up 34% to £65.7m returning to pre-COVID-19 levels. Underlying profit before tax was up to £4.5m vs loss before tax of £ 1.9m 12-months earlier. Sales in the UK recovered strongly once stores re-opened. The underlying sales trends experienced in the first half continued into October and November with improving store sales, a strong digital performance and continuing growth in Asia. Retail revenue in the 8 weeks to 20 November increased 35% compared to the same period last year.
So solid, ongoing recovery in business. Share price is also back to immediate pre-Covid levels, but still has a long way to go to reach levels recorded in 2016-2018. Basic EPS for the 6-month period was 12.2p, pointing to the potential for a significant earnings beat in FY22. Valuation is harder to gauge, PS looks relatively rich for the sector at nearly 2. The company hasn’t always been the most profitable, operating margin mostly in the low single digits. But revenue recovery and growth is an important start. A speciality retailer recovery story which potentially has a lot further to run. Certainly one to monitor for the time being..from WealthOracleAM

[clocktower] 25/11/2021 07:38:00

Hopefully we will continue to see the rise continue to near £5 at least.

[aishah] 25/11/2021 06:01:32

Shares in Mulberry soared more than 22% earlier after the handbag maker returned to profit, said it was well prepared for Christmas and pointed to a revival in central London.

The luxury accessories group, which counts Mike Ashley’s Frasers Group among its shareholders, is one of many brands that saw sales in the capital, and elsewhere, hurt by lockdowns and a plunge in tourist and office worker numbers due to travel restrictions.

But it today said revenues in the six months to September 25 jumped 34% to £65.7 million, returning to pre-Covid levels.

UK retail sales at the business, which earlier this week launched a new sustainable bag collection, increased UK sales 36% to £38 million.
Mulberry also reported pre-tax profits of £10.2 million, compared with a £2.4 million loss a year earlier.

In addition, the AIM-listed retailer’s boss Thierry Andretta told the Evening Standard that central London footfall since April when stores reopened was “slightly up” on the same period in 2019.
Mulberry imported some raw materials earlier than usual to make production at its Somerset factories less exposed to supply chain challenges.

The shares gained 68p to 370p.

[buywell3] 24/11/2021 21:33:55

free stock charts from uk.advfn.com

[london07] 24/11/2021 09:02:37

Last results were great. Todays re affirms they well and truly heading back to previous highs. Looms like key decisions the BOD have made are well and truly paying off. Cash rich, profitable, revenues flying in all markets, could go on and on. Low number of shares, extremely tight float. For this reason, any level of buying and it will have a significant increase.

[clocktower] 24/11/2021 09:00:55

MM having a little shake imo - nice to see it so high on the risers list, as that will attract attention to how good the results are. Next few day should see it breakout imo.

[irenekent] 24/11/2021 09:00:12

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.

[babbler] 24/11/2021 08:41:31

gap to 4 quid.

[clocktower] 24/11/2021 08:39:25

Nice to have some company that agrees on this BB.

I expect the next results will really get this back to its previous highs. Worth holding onto imo.

[london07] 24/11/2021 08:35:14

Amazing results. Extremely undervalued now, especially when compared to other luxury brands. Just look at the numbers from today every single metric is flying. Only problem is, NT TO BUY EVEN £500! Best of luck to whoever is in here. Fantastic company, luxury brand around the world, massive turn around, they surely know what the doing. Wouldn't be surprised with £5+ finish by end of the week.

[aishah] 24/11/2021 08:26:33

Blowout numbers. Market sleeping.

British heritage brand Mulberry has unveiled a new collection of bags created using the world’s lowest carbon leather in partnership with Muirhead, a member of the Scottish Leather Group

[clocktower] 24/11/2021 08:17:48

Good to see it moving in the right direction again but in view of the fact the results are so good, its a slow start.

[clocktower] 24/11/2021 07:10:25

Great set of results and the current sales growth shows how exciting this is becoming once again.

Great cash recourses now available as well.

[clocktower] 12/11/2021 12:29:43

On it's way up again,lets hope it passes the £5 level this time.

[clocktower] 13/10/2021 15:46:18

Just been the general market dragging this down with it imo.

With Christmas coming and growth from on-line sales the update should have a major impact I expect, as I can only see more upside than downside.