Mulberry Share Discussion Threads

[gregpeck7] 18/11/2022 17:01

I think someone's gonna buy them and they are on fire at the moment. Getting superb coverage

[csmwssk12hu] 18/11/2022 15:50

I’ve just read through Burberry comments, they want to increase sales of luxury hand bags as the brand is not taken seriously in that sector, they have 454 luxury stores, that makes these a perfect fit imho dyor mulberry have a great brand in handbags, on the plus side g I’m not alone here, when I was plugging French connection as a take over bid at 4p I was all alone till everyone got on board around 15p went for about 30p if I remember right.

[csmwssk12hu] 18/11/2022 15:33

Just noticed sports direct climbing fast this afternoon now up 6%, bid for mulberry by Burberry? They have said they want £5am sales, some of that will be acquisitions

[gregpeck7] 18/11/2022 15:31

Burberry surging

[gregpeck7] 18/11/2022 14:09

I think it is gonna be like it was.. results in 2 weeks. Clearly we have sen any buying and it goes bananas. Just sit and wait. Results are likely to be very good

[csmwssk12hu] 18/11/2022 13:29

Quiet here today, in fairness didn’t really get started till 2.30 yesterday probably the us market

[gregpeck7] 18/11/2022 08:29

Yep a decent buy will set it off again.

[csmwssk12hu] 18/11/2022 08:22

The bid that they are giving is getting higher which tells you they are filling an order

[csmwssk12hu] 18/11/2022 08:15

Well someone is as the little buys that started the run up yesterday have started again

[gregpeck7] 18/11/2022 07:41

Retail sales better than expected and consumer confidence rebounded in October. Wish I had bought more of these now lol.

[csmwssk12hu] 18/11/2022 07:41

Retail sales rose last month except food, starve but need that handbag

[gregpeck7] 18/11/2022 07:17

No speeding ticket. Good news.

[gregpeck7] 17/11/2022 20:48

Been reading Burberry results. Very very strong. Think this is gonna go again tomorrow. Simply too cheap

[gregpeck7] 17/11/2022 16:41

I suspect as a minimum we could be looking at a run to 500p plus here.. That would still only be about 300m mkt cap.. IE absolute peanuts...

The total of the 4 firms above is about 600 - 700 billion to put it in perspective.

[csmwssk12hu] 17/11/2022 16:39

Yes I have only a small amount but there was only 1000 available to buy when I did, if there was good volume behind them they would go up very quickly and sharply imho dyor

[gregpeck7] 17/11/2022 16:36

Yep, I think there is a chance this is the start of another big move. When these move they really go...

LVMH PE is about 27
Hermes is about 50
Dior 20
Prada 20

You get the idea...

Mulberry probs have about 30m cash in the bank, so 120m enterprise value... Ridiculous really. Just a shame how quick it moves, gives very little chance for a decent top up!

[csmwssk12hu] 17/11/2022 16:35

Same again tomorrow will be nice

[csmwssk12hu] 17/11/2022 16:20

Your right Greg I just looked back and in 18 months these went from 280 to 2225 after last recession, staggering really

[gregpeck7] 17/11/2022 16:00

The general market has created a lot of bargains

[csmwssk12hu] 17/11/2022 15:59

They do look cheap, maybe tonight after close or tomorrow a statement ahead of results?

[aishah] 17/11/2022 15:58

Read across from Burberry report which was strong? Mkt cap COB yesterday was only £126m!

[gregpeck7] 17/11/2022 15:57

FINANCIAL PERFORMANCE



When you read the below, I think its pretty clear though. It is a bargain.

Our strategy to increase full-price sales helped improve our financial performance during the year. This combined with our agile supply chain resulted in significantly less end of season inventory and a reduction in discounting in the sale periods and our outlet stores compared to previous years. This strengthened our cash position, enabling us to invest more in the business. We continue to refine our store network and our cash position was materially strengthened by the profit on disposal of our Paris lease in July 2021.

Group revenue increased by 32% over the prior year, slightly ahead of pre-COVID levels, and profit before tax was GBP21.3m (2021: profit before tax GBP4.6m), which included a one-off profit on disposal of Paris lease of GBP5.7m. The financial strength of the Group, reflects the benefits of the mitigating steps we took during the pandemic and the positive consumer reaction to our products.

Our business and infrastructure responded well to the growth in demand following the easing of COVID-19 restrictions. Digital sales were 31% of Group revenue in the period, lower than last year when stores were closed, but up from 24% in 2020, reflecting the ongoing strength of this channel. China retail sales increased by 59% and South Korea retail sales increased by 11%, helping us reach 28% growth in overall Asia-Pacific retail sales.

Gross margin increased to 71.7% (2021: 63.6%) supported by our strategic focus on full-price sales and increased volume efficiencies. We ended the year in a strong cash position, with net cash of GBP25.7m (2021: GBP11.8m) and deferred liabilities of GBPnil (2021: GBP4.7m).

In view of this encouraging performance, and the Group's substantial cash reserves, we progressively increased marketing expenditure to continue building global brand awareness.

Projects are also in place to move the Group's legacy systems forward, and to develop the next generation of digital and omni-channel platforms. We expect this to require increased capital expenditure in the current year and beyond.

CURRENT TRADING AND OUTLOOK

Group revenue for the first 12 weeks of the new financial year is 5% ahead of last year, supported by our wholesale business up 29%.

[csmwssk12hu] 17/11/2022 15:55

Why do people trade 1 or 2 shares? must cost more to trade

[csmwssk12hu] 17/11/2022 15:52

Results in 13 days probably just finalising then now