Mulberry Share Discussion Threads

[dennisbergkamp] 03/8/2023 13:12

Sunak the numpty
D

[clocktower] 03/8/2023 12:42

"Following the decision, Mulberry revealed it would be shuttering its Bond Street store which first opened in 1995.

A Mulberry spokesman said at the time: “The lack of VAT-free shopping in the UK has been particularly felt on Bond Street, which has always been an iconic shopping destination for tourists. The decline in visitors has impacted footfall and sales.”

"Harrods has swapped out some of its most expensive handbags with £250 versions in airport shops as it accused Rishi Sunak’s tourist tax of deterring wealthy overseas customers."

[clocktower] 19/7/2023 12:51

The market seems to like those that enrich themselves and dilute other shareholders in due course.

[clocktower] 28/6/2023 07:34

What a mess they have got the company into, from a net cash position of £25.7 million to just £0.7 million in one year, and the noose of debt closing in around it’s neck.

Revenue increases in some areas mean nothing with inflation and costs rising even faster. Investment in taking full control may not turn out to be a wise move, as the company lose the expertise that these partnerships provided.

Drop in dividend should reflect on the share price

[clocktower] 19/6/2023 12:00

With figures due, are we going to see more doom and gloom and the company depleting their cash even further, or is there going to be a sell off before the results, or can the business in China and Korea life spirits and provide more confidence to lift the share price?

[clocktower] 02/6/2023 18:34

Trouble brewing:

Mike Ashley prepares for boardroom raid at Mulberry

[clocktower] 21/4/2023 12:55

Well gregpeck7, it was good from the perspective that sales have been good in what has and is troubled times, and one could not describe the sales otherwise, as being a positive feature of the RNS.

However one must then look deeper into the situation, and see how these figures have been achieved.

It then becomes apparent that the cash pile has been used to create revenue but has dwindled substantially in the last twelve months, as can be seen by the figures in post 483.

In my view the market just took it on face value and did not take all information into account, and you must accept there were very few purchases that took the share price up slightly. So it was surprising that folks would buy the stock at these levels when the cash situation has turned drastically.

If it falls again in the next six months, it could soon find itself deep in debt, so it will have to run faster to cover the costs of loans.

I see it going back down towards the £1.50 mark in the next half, all impo.

Hopefully it gets taken over and then, and it will go at a big premium.

DYOR

[gregpeck7] 20/4/2023 21:47

You say a very good trading statement then you say surprisingly the market likes it. You really are a complete idiot.

[clocktower] 20/4/2023 16:53

Surprisingly - The market seemed to like the TS.

With a drop in cash to the extent it has leaves them in a very week position imo , if they want to invest in upgrades or new stores. How soon will they turn to bank finance? Then what, if any decline in sales comes out of the blue in China?

Todays RNS:

"The Group continued to invest in its global brand awareness and the development of its business model during FY23 and remains focused on investing for future growth. As a result, net cash balances as at 1 April 2023 are expected to be c.£0.8 million, with further headroom available under its borrowing facilities."


29 March 2022 - Trading update stated:

"The Group's balance sheet remains strong with net cash balances at FY22 expected to be in excess of £20 million. The Group intends to announce its FY22 results on 29 June 2022."

The results RNS 29June 2022


"CASHFLOW

The net increase in cash and cash equivalents of £13.9m (2021: £4.2m) comprises cash received on exit of the Paris lease, and working capital benefits, partially offset by increased inventories, and capital expenditure. During the year the Group paid £13.7m (2021: £7.7m) relating to the principle element of lease liabilities, which included £4.7m of deferred lease liabilities from the prior period. "
"

[clocktower] 20/4/2023 07:18

A very good Trading Statement but I really do not like the fact that the cash position at the end of April is only circa £0.8m , while they have done very well trading wise, they have left themselves exposed to events that could occur in Asia.

Cutting out the middle man can be a risky thing to have focused on, as it clearly has depleted the cash situation, and it is all very well to say you have bank facilities but with interest rates high that is not something they should be relying upon impo.

It will be interesting to see how the market reacts.

[clocktower] 13/4/2023 15:18

Are the shares moving up a little because of an expected trading update?

[clocktower] 27/3/2023 08:56

Pittards in trouble and I wonder if MUL are suffering with a slowdown of sales as well?

[clocktower] 21/3/2023 12:47

Everyone seems to have lost interest in MUL - I wonder if the bags are still selling well in Asia?

[gregpeck7] 07/2/2023 07:28

Burberry shares record high.

[clocktower] 06/2/2023 17:31

Barbour suffering price hikes - MUL surely must be in the same boat with costs rising and with possible troubles in China the way the world is going one wonders how serious a blow if China imposed import rules that had an effect on big brand retailer in China.

[clocktower] 18/1/2023 17:30

Not so good after all Burberry sales, so is MUL suffering as well?

[gregpeck7] 03/1/2023 08:53

Think this is about to start running higher, looks like luxury has had a good christmas and mulberry should reflect this.

[gregpeck7] 01/1/2023 20:36

Should soon find out how Christmas trading went?

[gregpeck7] 12/12/2022 22:00

Deffo steadying around this level. Next move surely north.

[disruptor1664] 02/12/2022 21:03

Was a typo I think... He meant 16p for PXEN :)

[disruptor1664] 02/12/2022 21:02

Ignore Greg, clock. Seen him countless times ramping the sh1t out of shares and then does a disappearing act.What's more moronic is suggesting luxury markets are about to 'boom' right before winter in the midst of an energy crisis.All should not be fooled by his ramps. Check his recent dog record out on UOG ramping the drill results which came in underwhelming... Was ramping 3p... It now sits around 1.4p. Embarrassing considering was deramping other shares off which have subsequently risen whilst his dog shares have sunk.

[oilbuy] 02/12/2022 16:16

Did you buy into PXEN at 9p lolWhere is your 6p