Mulberry Share Discussion Threads

[clocktower] 02/10/2024 15:31:06

I wonder how long it with take Frasers to go for the jugular of Mulberry, as without a doubt in my mind they have and are abusing small shareholders.

[clocktower] 01/10/2024 09:46:20

It needs to be under the umbrella of one of the major luxury goods brands, that has the firepower to supercharge the brand.

When you consider the shareprice this was trading at years ago, from around 50p in 2004 to around £23/24.00 nine or ten years later, only to sink into huge debts and a current share price of £1.15/1.30.

It is not just the market, it is bad management and poor decision making.

However MA would make a good interim owner, as the majority stakeholder holds everyone over a barrel.

[dennisbergkamp] 01/10/2024 08:24:17

China bounce back should help demand free

D

[irenekent] 01/10/2024 07:41:08

As a longtime shareholder I look forward to a tussle for this company. Great products which are too expensive for the UK market making them reliant on Asian buyers who are now broke. If they could broaden their market whilst sticking to their design ethos as companies like Habitat have done in the past I foresee a bold future ahead. Unlikely under the continuing umbrella of Challice and the Ongs however.

[clocktower] 01/10/2024 07:14:20

As expected, the majority shareholder is intent on maintaining their iron grip on the company, hence the way they have handled the funding.

It is clear that the intention was to dilute all other shareholders and maintain their position or improve upon it.

It has always been clear that they put personal interests first.

As I mentioned yesterday, I envisage a court case as minority shareholders interests are the last thing the board are focusing upon.

[dennisbergkamp] 30/9/2024 15:35:30

In theory, yes.

D

[1gw] 30/9/2024 15:09:26

In play then? Does that open the door to a better offer from another brand or fashion house?

[clocktower] 30/9/2024 14:49:34

There is a lot of skulduggery going on behind the smoke screen.

The major shareholder has always been playing games it would seem, and fancy not having discussed it with a 37% stakeholder - It shows bad faith and shows the gunghoe attitude of the controlling stakeholder.

I hope MA is able to force them to sell or buy his stake and every other holders at a premium if that is what they want to do.

I can see a court case on the horizon.

[dennisbergkamp] 30/9/2024 10:50:26

£1.30 offer from Mike Cashley

D

[clocktower] 30/9/2024 06:59:27

No hidden agenda, just stating facts and the situation as I perceive it to be.

Remember I have been here from the days the share was trading at 50p right up to the highs, while not being invested all the time, fortunately.

However, I have kept abreast of it and the market it serves.

While the company is a prestigious brand it is not a truly prestigious international leader, and competition is fierce in the sector.

They misjudged the niche they serve and invested at the wrong times recently.

Time will tell.

[dennisbergkamp] 27/9/2024 19:40:07

They’ve got funding away so wouldn’t say anything near what you’re saying but I don’t have a hidden agenda

D

[clocktower] 27/9/2024 18:14:31

Preliminary Results and Capital Raising (period 52 weeks to 30 March 2024

I see they waited until the markets were closed at 4.44pm before dumping that bad news on the shareholders.

Huge losses mounting up - Reported loss before tax of £34.1m (2023: profit before tax £13.2m


The Subscription and the Retail Offer (together the "Capital Raising") will result in the Company raising total gross proceeds of up to approximately £10.75 million.

£1 per shares


And it gets worse since then:


· Group revenue down 18% for the 25 weeks since the period end compared to the same period last year

· Retail revenue down 14%, with all regions continuing to be challenged by ongoing macro-economic uncertainty

· The Group's debt facilities have been increased to £27.5m with renegotiated covenants to reflect the current trading environment.



Doomed as I expected, huge debts and things getting worse, what huge mistakes were being made.

[clocktower] 15/7/2024 13:12:47

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 16:53:46

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 13:48:47

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 12:08:32

Sales dive at Michael Kors in the UK - so expect more bad news from handbag sellers.

[clocktower] 02/5/2024 13:31:59

Wait for the next numbers and you might change your mind greg...

[gregpeck7] 01/5/2024 20:12:31

Didn't think that update was too bad.

[clocktower] 01/5/2024 07:56:08

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 10:24:54

Good sized buy at £1.24 Maybe MA adding.

[clocktower] 26/3/2024 09:11:54

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 14:02:51

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 14:50:50

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

[pugugly] 20/3/2024 12:01:44

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.