Mulberry Share Discussion Threads

[gregpeck7] 12/7/2022 23:03

Report in this is money at the weekend.

[clocktower] 12/7/2022 12:18

On what basis do you suggest that gregpeck7.

Bear in mind a major holder is MA and what benefit would the Chairman and directors derive from doing that?

[gregpeck7] 12/7/2022 12:03

Be careful here. Delisting risk.

[clocktower] 29/6/2022 08:53

Good results but we now see that there was not a £10m surplus from the Paris store but still a very useful number at a time that was ideal.

The margins are very high and everything seems to be better than expected in the current year.

[clocktower] 30/3/2022 14:36

What must not be forgotten is over £10m of the cash came from the closure of the Paris store.

Cash stated in Half Year Report issued in November 2021 was:



"Strong period end net cash of GBP30.3m (2020: GBP8.6m) and deferred liabilities of GBP5.0m (2020: GBP4.6m)"

So where has £10m gone - is it on promotion, that they like to call marketing investment?

[dennisbergkamp] 15/3/2022 21:11

£2.00 was even better! Not that it lasted long..

D

[aishah] 15/3/2022 20:09

£2.20 was a bargain buy imo

[clocktower] 15/3/2022 15:27

Cheers SB - So was I but when you take risks you expect pain on occasions.

On the up again but how long it will last is another matter, as I cannot now see Mike upping his stake or taking it out, more likely I would guess that he would want to find a buyer for the stake, if the current situation settles.

However, I think the EU needs to put itself on a full war footing and ration fuel, and increase taxes on leisure fuel, like yachts filling up with low cost diesel, hit private uses of energy with high taxes on things like pool heating etc.

I think the sale for luxury goods will take a huge hit before long, so will not be dipping my toes in this water for a long time.

[dennisbergkamp] 06/3/2022 20:00

Only taken a hit as the Russians won't be able to buy products for a while...

Brand is strong, outside of that.

D

[m_kerr] 05/3/2022 22:46

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

CK

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

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

not good

100p?

[clocktower] 28/2/2022 15:20

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

Asian market weighing on the stock it seems.

[clocktower] 26/11/2021 09:08

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

"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

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

[km18] 25/11/2021 13:53

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

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

[aishah] 25/11/2021 06:01

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

free stock charts from uk.advfn.com

[london07] 24/11/2021 09:02

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.