Mulberry Share Discussion Threads

[babbler] 21/7/2021 07:54

Very nice early update

[tole] 21/7/2021 07:21

Current Trading-- Group revenue in the period to date is 45% ahead of last year, with retail revenue 30% ahead due to a strong recovery in the UK, and continuing growth in Asia, with China retail sales up 46%.

[babbler] 20/7/2021 23:45

Why not read the trading update which clearly states 22nd? Ie Thurs.

[clocktower] 20/7/2021 17:22

Well London S E seem to have got the dates wrong on results as they had identified today as results day.

[clocktower] 19/7/2021 08:22

I noticed that the results are now due tomorrow, so we will find out how small a profit was made when they had originally forecast a loss but the important thing will be the current trading and outlook which could send the shares well over £5. I expect.

[clocktower] 09/7/2021 16:07

I guess this will move up next week again, as we head towards the results on 22 July.

What I am really looking forward to is the forward looking statement.

2021/2022 H1 figures will also be topped with the profit from the Paris deal.

With so many sales taking place online. I wonder if they would be better stick with concessions in major deportment stores, rather than their own shops. In particular, so many stores have upgraded their stores to be go to places.

[gregpeck7] 06/7/2021 22:00

Will have a root through that sale!

[clocktower] 06/7/2021 08:18

Another positive bit of news, and how fortunate to be able to vacate a retail property at this time at a very substantial profit, leaving the door open to be more selective now that a greater part of the sales are being made directly online.

Online sales will also be far more profitable, as there are bound to be other large savings as well, from rates, staff etc.

[clocktower] 05/7/2021 09:14

Mulberry Sale now on. Huge reductions on some bags - super value just like the shares are at present it seems to me.



After the surge of business when shops re-opened, I guess they are having a sale to keep them in line with the retailers that are having their sales to clear out of season stock, so they can bring out their new collections for the busy Autumn period and run up to Christmas.

[clocktower] 02/7/2021 15:14

LOL - dennis.

Just got to get over the hump and away it will go. :-)

[dennisbergkamp] 01/7/2021 16:02

Spread takes me back to Soho...

Wouldn't mind more stock but will wait... Longterm, no concerns at all.

D

[clocktower] 01/7/2021 15:36

Another little shake to get stock?

[clocktower] 01/7/2021 15:12

Last week the share price would drop if a sale of 500 shares went through - now it seems as those trades that look like sells might be buys as an order is being filled.

Very interesting and exciting times ahead, as you say greg and a few weeks of steam building I suggest, as these things always start to leak nearer to the time.

[gregpeck7] 01/7/2021 13:59

Going to get very interesting here soon mate. I think 500p plus will be seen as a bargain soon. People look like they are loading up again. 3 weeks to results.

[clocktower] 01/7/2021 11:55

In it was recently reported that another maker who was selling pre-loved bags was doing a fabulous amount of business, so I think Mulberry have also hit the jackpot with this as it reflects the Made to Last commitment and is great for anyone wanting to swap for a newer model.

[gregpeck7] 01/7/2021 10:13

Agree...

I particularly like the way they seem to be hitting the younger market as well, and TikTok...

That has not always been the case for Mulberry.

I really suspect they are doing incredibly well... Not long till we find out....

Still below where the shares went post the trading update, which was incredible really, not only not making a loss, but a profit, after forecasting a loss, right in the grip of lockdown... I don't think that is well understood.

P/E here should probably be 50 plus, so at 10m profits, which is probably achievable going forward, the business should be valued at well over 500m points... Currently about 200m...

For the record LVMH PE is about 38...

[clocktower] 01/7/2021 09:41

greg, thanks for those links. My thoughts and research very much mirror your projections as they have built such a strong business in Asia but not only that, I am sure that since Mike A bought in a bargain price, before all his stores re-opened has given a huge boost to the UK business.

Given the losses that occurred due to DEB's situation, I believe that is well and truly behind the business, never to be repeated. A lesson well learned I suspect.

I can see MA selling his stake and a huge bid being made for MUL in the next 2 years - so build on what one has, as cash becomes available - buying on the way up is a good move imo and I look forward to adding in due course.

[gregpeck7] 01/7/2021 08:28

https://twitter.com/01l_m8nd8r1n/status/1410491483099172866?s=21

[gregpeck7] 30/6/2021 21:59

https://www.dazeddigital.com/fashion/article/52833/1/how-mulberry-is-reinventing-heritage-and-taking-it-into-the-future

[gregpeck7] 30/6/2021 21:57

https://www.google.co.uk/amp/s/uk.finance.yahoo.com/amphtml/news/mulberry-share-price-25-yesterday-094317011.htmlGetting attention

[gregpeck7] 30/6/2021 15:09

450 to 500p pre results then the lid comes off is my guess clocktower... what are your thoughts? I'm thinking they may well say they can't make things fast enough!

[clocktower] 29/6/2021 09:41

Thanks for the link greg - Stated as it is I noticed. Exciting times ahead for the brand.

[gregpeck7] 29/6/2021 07:47

https://twitter.com/01l_m8nd8r1n/status/1409763971477950465?s=21

[gregpeck7] 28/6/2021 15:45

Thanks I'll do that.

[clocktower] 28/6/2021 15:41

Write to the company with proof that you own 500 shares (check the number with them first or you can find it on the website somewhere).