Mulberry Share Discussion Threads

[clocktower] 12/5/2021 10:09

You and me greg. Bouncing all over the place today, as usual.

[gregpeck7] 12/5/2021 07:17

Yep agree this is a huge multibag get in waiting. I'm looking forward to a four figure share price.

[clocktower] 11/5/2021 12:11

Nice little pull back and time to top up a few for me, just 500 at 341.00 - target a multi bagger. :-)

[gregpeck7] 11/5/2021 08:34

Joules trading update beating expectations.

[gregpeck7] 10/5/2021 11:32

TED flying, superdry, next leg up about to start here, 2500p previous ATH and no dilution taken place. Tick tock hey clock :D

500p plus soon.

[gregpeck7] 06/5/2021 17:15

Burberry hitting all time high today I believe

[gregpeck7] 06/5/2021 16:49

Some chunky buys showing. Agree I think this will be 500 plus very soon.

[clocktower] 06/5/2021 10:32

Just time to relax and watch the small dips get soaked up within days g7.

The leather business is back in fashion as they step up production again, and you know where they source a lot of it from.

[gregpeck7] 04/5/2021 11:58

There is deep brand value here that is completely under the radar. LVMH could take this over with a few days profit. As unlocking starts this really does go one way . I think it's over 1000p again this year for starters.

[gregpeck7] 04/5/2021 08:50

Agree. Most sector peers trading at all time highs.

[clocktower] 04/5/2021 08:46

No stopping the upward trend yet, and a long way to go and one worth adding to on the rise imo.

[gregpeck7] 03/5/2021 14:48

https://twitter.com/01l_m8nd8r1n/status/1389212866243334149?s=21

[gregpeck7] 30/4/2021 09:04

Very interesting tweet. I think 1000p plus personally coming.

[clocktower] 30/4/2021 08:35

With Mike Ashley holding so many, the stock must be in very short supply - £5 here we come.

[gregpeck7] 29/4/2021 12:09

Agree. Looks like just the start tbh

[clocktower] 29/4/2021 09:42

It's got it's mojo back - upwards and onwards, slow and steady.

[gregpeck7] 29/4/2021 08:31

Bought just under 3000 this morning (NT to buy) these just seem very very cheap. Deep value in the brand, luxury sector looking red hot now and I really like the sustainability agenda going forward.

[gregpeck7] 28/4/2021 18:10

How easy is it to purchase these? I'm aware the free float is limited. Done some reading and this looks a very interesting turnaround in progress. Luxury good highly likely to do very very well now as things unlock.

[gregpeck7] 28/4/2021 16:38

Agree. This looks deeply undervalued.

[clocktower] 28/4/2021 12:33

Nice rise on the back of good news today - the start of better things to come imo.

[clocktower] 26/4/2021 20:54

With more Frasers stores opening plus all the new ranges from Mullbery its clearly going to be the start of a bust period with all the re-stocking orders.

I assume Mullbery's goods are being stocked in the new flagship store in Glasgow and the other recent openings.

[clocktower] 22/3/2021 17:24

Solid support and I expect there will be very good news come April which should send the share price towards £4.00 again imo.

[jbfnfn] 12/3/2021 19:02

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



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] 12/3/2021 18:05

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] 12/3/2021 16:00

Irene, I guess they have huge orders to get ready for the opening of the Frasers etc.

Plus I guess they are getting a feel for how successful the range from online sales, let alone the usual Spring uplift of Sales for Easter presents.
CT