Mulberry Share Discussion Threads

[clocktower] 08/9/2021 12:57

With the AGM scheduled at 11am today I would expect news very shortly but disappointed that they have not issued a statement ahead of the AGM.

[clocktower] 06/9/2021 15:29

I wonder if there will be a trading statement ahead of the AGM ?

[clocktower] 16/8/2021 16:18

"Mulberry, the largest manufacturer of luxury goods in the UK, is about to increase production in its two Somerset factories, the Rookery and the Willows, which between them employ 450 people. “The factories and the people who work there are the centre of who we are,” says the supply chain director, Rob Billington. “They are fantastic places. There is so much knowledge there.

“When we start producing a new bag, the person in the factory who’s been working with us for 20 years pretty much knows whether it will be a success of not.” Mulberry proves that responsible British fashion manufacturing is possible, says Billington. “At Mulberry we compete with Louis Vuitton and Chanel and Gucci and we hold our own. But it would be great to have a government incentivising UK manufacturing beyond the big boys of the car industry.”

[clocktower] 05/8/2021 08:43

From Frasers accounts published today:

"We held approximately 36.8% of Mulberry Group plc at the year end. We believe this is an iconic British brand and hope that together we can build a mutually beneficial partnership going forward."

"The Group is continuing to invest in its physical and digital elevation strategy and our omni-channel offering is growing in strength. Our stores in the UK have reopened above expectations and our online channel continues to significantly outperform pre-Covid-19 periods"

So I expect the sales of Mulberry Bags etc are leaping ahead now that the stores are trading above expectations.

[clocktower] 27/7/2021 11:34

Bored investors seem to be looking for cash or moving to high risk investments I guess. Some would rather risk it all on tulip blockchain businesses or cryptos.

[clocktower] 23/7/2021 09:53

As expected, it is taking days for the great news to sink in and my recent purchases of MUL are looking very good now but I think there is a lot more in this and if I were more cash liquid I would be adding all the way up.

[clocktower] 21/7/2021 10:33

Good publicity:

[clocktower] 21/7/2021 09:54

Judging by the lack of interest in the stock today, I guess it will take several days to pass the £4 level once again, unless of course one of the big luxury houses makes a generous offer for Mike Ashley's large stake that he undoubtedly in unlikely to refuse and then go onto bid for the whole company.

It would be a very opportunist move but a bargain buy even at £7.50+ a share imo.

[clocktower] 21/7/2021 07:56

Babbler - Yes I acknowledge my error but here we are with the results on the 21st not 22nd as you pointed out. However moving on, this result is a remarkable turnaround considering the forecast before the last update.

The small profit exceeded my expectations and the cash position is even stronger than I anticipated.

The best part of all imo is the positive growth since the return to a little more normality.

The sale of the Paris shop, the growth in Asia, it just gets better and better.

[babbler] 21/7/2021 06:54

Very nice early update

[tole] 21/7/2021 06:21

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 22:45

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

[clocktower] 20/7/2021 16:22

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 07:22

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 15:07

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 21:00

Will have a root through that sale!

[clocktower] 06/7/2021 07:18

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 08:14

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 14:14

LOL - dennis.

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

[dennisbergkamp] 01/7/2021 15:02

Spread takes me back to Soho...

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

D

[clocktower] 01/7/2021 14:36

Another little shake to get stock?

[clocktower] 01/7/2021 14:12

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 12:59

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 10:55

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 09:13

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...