Share Name Share Symbol Market Type Share ISIN Share Description
Mulberry Group Plc LSE:MUL London Ordinary Share GB0006094303 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 249.00 121 16:29:45
Bid Price Offer Price High Price Low Price Open Price
238.00 260.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 166.27 -5.01 -8.20 150
Last Trade Time Trade Type Trade Size Trade Price Currency
15:46:29 O 1 238.00 GBX

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Date Time Title Posts
22/3/202117:24Who would want Mullberry?167
21/6/201411:36Mulberry onwards and upwards!1
02/12/201315:39*** Mulberry ***75
08/9/200716:31Mulberry - Short the berries off it - FD resigns and sells shares22

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Mulberry Daily Update: Mulberry Group Plc is listed in the General Retailers sector of the London Stock Exchange with ticker MUL. The last closing price for Mulberry was 249p.
Mulberry Group Plc has a 4 week average price of 234p and a 12 week average price of 212p.
The 1 year high share price is 296p while the 1 year low share price is currently 140p.
There are currently 60,077,458 shares in issue and the average daily traded volume is 3,074 shares. The market capitalisation of Mulberry Group Plc is £149,592,870.42.
jbfnfn: The rise in Mulberry may be due to a positive trading statement from Burberry today. Either that or there are some traders out there who have mistaken Mulberry for Burberry. From the Guardian 12/03/21 Burberry upgrades forecast as sales in China and South Korea rebound hTtps:// Burberry’s share price is up about 7% – its highest level since before pandemic Burberry has upgraded its full-year profit forecast after a rebound in sales since December, driven by a strong recovery in demand for its luxury goods in China and South Korea. In a rare piece of positive news from a fashion retail sector battered by the coronavirus crisis, Burberry said on Friday that like-for-like store retail sales would be up by nearly a third year on year in the first three months of 2021. The unscheduled trading update cheered investors, with Burberry’s share price up about 7% at lunchtime on Friday, its highest level since before the pandemic. “Since December, we have continued to see a strong rebound and now expect revenue and adjusted operating profit to be ahead of consensus expectations,” the company said. Burberry, known for its trench coats and distinctive patterned goods, said the performance upgrade is expected to lessen the overall decline in full-year revenues to 10%-11%. Analysts had forecast a fall of about 13%, according to Burberry. The company, which has used stars such as the footballer Marcus Rashford to broaden the appeal of its collections to a younger market, said in January it had also seen strong demand from Chinese and Korean shoppers in the closing months of 2020. While sales in Europe, the Middle East and Africa were down about 37%, said Burberry, on the back of store closures and fewer tourists, sales across the Asia Pacific market were up 11%. It again singled out China and South Korea as driving the recovery in sales. Burberry is operating with about 15% of its stores around the world closed and about a third under reduced trading hours or restrictions. Earlier this week, the Italian fashion house Prada and the luxury goods group Salvatore Ferragamo also said that strength in China had boosted sales this year.
irenekent: CT I am sure you are right. I feel there is a new a realisation that their greatest asset is that they are a British craft-based brand with no need to mimic LVMH, Prada et al. The beauty of it is that there is so much scope within this area of the arts with no necessity to keep repeating the same table-cloth pattern as with another British competitor. Eventually familiarity breeds contempt! Not withstanding all that, I wonder what has prompted today's 25%+ jump in share price. Perhaps Ashley has returned to the fray? Irene.
clocktower: Well on the road to recovery and the share can jump past a fiver in little more than a blink with so little in free float.
clocktower: In light of the results it is clear that MUL is well undervalued, as it is likely that there will be a huge recovery next year. Mike got himself another bargain.
clocktower: It is better to have the Ong`s running MUL as I guess Mike will soon see a huge return on this investment, as sales return and exceed previous levels over the next two years. Besides, the sales growth MUL will get from the promotion that Frasers will put everything into - there will be string international growth, and Mike might have an eye on other markets as well.
jbfnfn: Mike Ashley's Frasers Group increases stake in Mulberry htTps:// The Guardian article says "Under the panel’s rules Frasers has until 17 December to announce a firm intention to make an offer for the company." The question the Guardian article doesn't address is with a 37% stake in Mulberry can Ashley persuade Mulberry to sell in Frasers. From memory I thought Mulberry moved from selling in Frasers to selling in John Lewis. What sort of price would Ashley offer for Mulberry? How badly in need of cash is the Ong's Hotel and property empire? For what it's worth I think Ashley would only offer a low price the Ong's would not accept. However I'm frequently wrong.
dennisbergkamp: Wow, that's some serious up and down on the price... Next time I'll shut up... ;-( D
jbfnfn: Dennis 144 I can't see a reason why the Ongs would sell Mul to Mike Ashley. My understanding is the main listed vehicle controlled by the Ongs is Hotel Properties Limited (H15.SI) quoted in Singapore. As with all hotel businesses worldwide it's not doing too well, but it doesn't look terminal. Recovery from covid 19 in Asia has been much faster than Europe. It would really need a team of forensic accounts to work out how the Ongs are doing globally, but if there was trouble surely some news could be picked up. The Ongs may have enough money to to consider Mul something for Mellisa Ong to play with. It would be great if someone native to Singapore could chip in with a view on the Ongs business situation. It's hard to see how Mul's main shareholder the Ongs and PIs interests could coincide here. The Ongs may not care what the share price is or how little profit is made. I have a small underwater holding here, can't decide whether to topup or get out.
clocktower: The end of Tax Free shopping in the UK would I expect cause a big hit to Mulberry. The share might dip further very soon I guess.
jbfnfn: Is the strategy correct? The concern for me is the Operating expense here. As a percentage of sales OpEx is about 70% at the half year. Compare that with Burberry where the OpEx is about 50% of sales. For Mul OpEx may fall to the low 60s for full year. I understand why OpEx is going up with expansion of the number of stores in Asia e.t.c. There seems to be no urgency on making a profit. With the rise in Online sales do they need all these stores? Is there nothing in the 100 million plus annual OpEx which could be trimmed? The strategy relies on a substantial increase in sales for the company to make a profit. What if tha sales rise doesn't come soon? Whats happened to the Ongs business sense? With the rise in Online sales do you need the full traditional OpEx for a luxury brand?
Mulberry share price data is direct from the London Stock Exchange
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