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MUL Mulberry Group Plc

98.50
0.00 (0.00%)
03 Dec 2024 - Closed
Delayed by 15 minutes
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 0.00% 98.50 4,957 08:00:00
Bid Price Offer Price High Price Low Price Open Price
95.00 102.00 98.50 98.50 98.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Apparel & Accessories, Nec 152.84M -33.51M -0.5577 -1.77 59.18M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:29:54 O 20 101.111 GBX

Mulberry (MUL) Latest News

Mulberry (MUL) Discussions and Chat

Mulberry Forums and Chat

Date Time Title Posts
19/11/202411:55Who would want Mullberry?547
18/10/202413:05*** Mulberry ***79
02/3/201922:48mulberry405
21/6/201410:36Mulberry onwards and upwards!1
08/9/200715:31Mulberry - Short the berries off it - FD resigns and sells shares22

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Mulberry (MUL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:29:56101.112020.22O
10:00:34101.184,9374,995.26O

Mulberry (MUL) Top Chat Posts

Top Posts
Posted at 03/12/2024 08:20 by Mulberry Daily Update
Mulberry Group Plc is listed in the Apparel & Accessories, Nec sector of the London Stock Exchange with ticker MUL. The last closing price for Mulberry was 98.50p.
Mulberry currently has 60,077,458 shares in issue. The market capitalisation of Mulberry is £59,176,296.
Mulberry has a price to earnings ratio (PE ratio) of -1.77.
This morning MUL shares opened at 98.50p
Posted at 19/11/2024 11:55 by martinmc123
2*
Mulberry posted a pretty woeful set of FY numbers this morning, ones which prompted new CEO Andrea Baldo to note ” "Though I've only been in the role of CEO for under three months, the first half results illustrate the clear need to reprioritise and rebuild the business.” Performance was bad. Group revenue was down 19% to £56.1m with UK retail sales down 14% to £31.3m...

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/MUL/994
Posted at 23/10/2024 09:37 by clocktower
The majority owners have the whip hand until such time as it can be proved that they are abusing minority holders.

By not advising MA of the intended raise at £1 or discussing it with someone that owned 36% of the business was the first thing that supports the allegation of acting against minority holders interests.

I believe no matter what (bar a legal case) they have no intention of selling to MA at any sensible price.

I guess they have made other plans and those may not have included any current minor holders.

Does the major holder sit as a shadow on the board or at the meetings?

I have seen this occur before elsewhere, and the board responded that they do take take part, just. listen. Then the regulators would do nothing about it, even when it was put into receivership - but the company was then sold to a director.
Posted at 22/10/2024 10:31 by 1gw
Largest shareholder happy to raise new equity at £1. Second-largest indicatively offering £1.50 to purchase the company. Board stuck because it thinks it knows the largest shareholder (which clearly has a blocking vote in takeover terms) won't accept £1.50 and so the offer isn't "tenable".

Isn't the obvious answer for the board to insist on a formal sale process to see what the company might be worth to a genuine third party? The problem would be how to prevent this simply being seen as a stalking horse process to work out how much one of the 2 interested shareholders would have to pay to buy the other out. Ideally you'd have both major shareholders agree in principle to sell to the highest bidder if a price can be agreed above a certain level, with the sale process run as close to arms length as can be managed reporting to an independent director - but is there anything in applicable regulations that can facilitate this sort of outcome?
Posted at 16/10/2024 08:24 by aishah
From Citywire yesterday.
Handbags at Mulberry’s future over Frasers’ bid, says Hargreaves

The latest bid by Frasers (FRAS) for luxury handbag group Mulberry (MUL) has been rejected but Hargreaves Lansdown says there are hopes for a higher offer.

AIM-listed Mulberry turned down Fraser’s latest 150p per share offer as Challice, its largest 56% shareholder, refused to sell.

‘Words of frustration have been pumped out from both sides,’ said analyst Susannah Streeter.

‘Frasers Group has clearly lost so much faith in the current direction of the company that it’s fearful of collapse and has warned it does not want to see another Debenhams-style scenario play out.

‘But Challice is also clearly exasperated by the relentless focus, wanting to give the new chief executive Andrea Baldo a chance to bed in and help revive the brand’s fortune.’

An excited market pushed Mulberry shares up 11.5%, or 13p, at 125.5p today, although they are still down 24% this year.
Posted at 01/10/2024 08:46 by clocktower
It needs to be under the umbrella of one of the major luxury goods brands, that has the firepower to supercharge the brand.

When you consider the shareprice this was trading at years ago, from around 50p in 2004 to around £23/24.00 nine or ten years later, only to sink into huge debts and a current share price of £1.15/1.30.

It is not just the market, it is bad management and poor decision making.

However MA would make a good interim owner, as the majority stakeholder holds everyone over a barrel.
Posted at 30/9/2024 05:59 by clocktower
No hidden agenda, just stating facts and the situation as I perceive it to be.

Remember I have been here from the days the share was trading at 50p right up to the highs, while not being invested all the time, fortunately.

However, I have kept abreast of it and the market it serves.

While the company is a prestigious brand it is not a truly prestigious international leader, and competition is fierce in the sector.

They misjudged the niche they serve and invested at the wrong times recently.

Time will tell.
Posted at 15/7/2024 12:12 by clocktower
Not surprising MUL is falling with news like this.



"The Americas and Asia Pacific both experienced a 23% drop in sales, with Europe, the Middle East, India and Africa (EMEIA) reporting a 16% fall."
Posted at 07/2/2024 18:55 by jbfnfn
Had to edit this post as I missed some options granted in July 2023.

OPTIONS GRANTED UNDER THE 2008 UNAPPROVED SHARE OPTION SCHEME

Thierry Andretta 230,415 (Exercise price 8.680 Pounds)
Thierry Andretta 70,000 (Exercise price 10.342 Pounds)
Thierry Andretta 350,000 (Exercise price 2.705 Pounds)
Thierry Andretta 350,000 (Exercise price 2.49 Pounds) Granted July 2023


So that's 1,000,415 options.

Thierry Andretta was also granted 250,000 options on the performance share plan but these have now lapsed because the performance conditions were not met. The exercise prices were just the share price when the options were granted. It's a reminder of how far the share price has fallen in the last 10 years and even the last 6 months.

So Thierry Andretta currently has 1,000,415 options which are worth nothing as the share price at 1.4 Pounds is a long way below the exercise price of any of the options. Thierry Andretta will have to struggle on with his 1M plus package of basic salary, taxable benefits and pension contributions. What seems to happen is they grant options, the share price falls further so they have to grant more options at the lower price.

I could have made a mistake as I only have a comprehensive school education.
Posted at 12/1/2024 22:18 by kinwah
It feels like it is slipping off the stock market. The Mulberry brand is in a no-mans land between much cheaper labels like Coach and Kate Spade and the genuine premium brands from Chloe up to LV and Gucci. MA would probably vote against a delisting resolution but it could be done unofficially by MUL missing deadlines for announcing its final results. MUL looks like a rich people's plaything with very little protection for the remaining minority shareholders.
Posted at 23/11/2023 16:55 by jbfnfn
The Ong's still want Mulberry.

Ong Beng Seng and Christina Ong have control of the business with 56% of the shares. Melissa Ong is a director.

Ashley has about 37% of the shares but I'm not sure that's bought him any influence at all.

That leaves about 7% of the shares as a free float that's only 6 or 7 million pounds at the current share price.

Ashley probably has a higher net worth than the Ong's, but both parties are billionaires. The Ong's are old money based in Singapore, see the film "Crazy Rich Asians". Except for a lot of money I'm not sure Ashley has anything in common with the Ong's. I would be very surprised if they moved in the same social circles.

The Ong's may not care what the share price is. I have a very small holding here I'm a penny punter. Is the current business strategy the correct one? If they reduced costs could a decently profitable business emerge or would that devalue the brand. How can they compete with LVMH? Do they need to?
Mulberry share price data is direct from the London Stock Exchange

Mulberry Frequently Asked Questions (FAQ)

How many Mulberry shares are in issue?
Mulberry has 60,077,458 shares in issue.
What is the market cap of Mulberry?
The market capitalisation of Mulberry is GBP 59.18 M.
What is the 1 year trading range for Mulberry share price?
Mulberry has traded in the range of 94.00p to 165.00p during the past year.
What is the PE ratio of Mulberry?
The price to earnings ratio of Mulberry is -1.77.
What is the cash to sales ratio of Mulberry?
The cash to sales ratio of Mulberry is 0.39.
What is the reporting currency for Mulberry?
Mulberry reports financial results in GBP.
What is the latest annual turnover for Mulberry?
The latest annual turnover of Mulberry is GBP 152.84M.
What is the latest annual profit for Mulberry?
The latest annual profit of Mulberry is GBP -33.51M.
What is the registered address of Mulberry?
The registered address for Mulberry is THE ROOKERY, CHILCOMPTON, BATH, SOMERSET, BA3 4EH.
What is the Mulberry website address?
The website address for Mulberry is www.mulberry.com/eu/investor-relations/company-profile.
Which industry sector does Mulberry operate in?
Mulberry operates in the APPAREL ACCESSORIES sector.