Mulberry Share Discussion Threads

[clocktower] 02/12/2022 15:32

The Ladies Bag Market is flooded with so many Brands across a wide market.

Mulberry built the foundation of their business on Luggage and Travel Bags - then moved into Ladies Handbags and as bit of clothing - the clothing never worked for them and now if you look at the company website they have a bit of a mishmash of things like coats/sunglasses/earing/necklace etc

The company is not clearly focused and no doubt this leads to part of the big increase in stock - mostly dead stock I guess.

They want to cut out major stores and run the shops themselves - well all dandy while things are booming but costly having all those overheads and a distraction from the job in hand.

I believe the cash will be swallowed up, they will very quickly encounter serious problems and before many years will be swallowed up by someone for a song.

Good Luck though.

[gregpeck7] 02/12/2022 15:04

Spoke too soon!!

[gregpeck7] 02/12/2022 08:53

Seems to have settled down again. 4 v 1. 1 mm at 260 then it's all the way up to 290. Could live back very fast now

[gregpeck7] 01/12/2022 23:53

https://www.standard.co.uk/insider/kate-middleton-boston-trip-burberry-dress-mulberry-handbag-diana-earrings-chanel-b1044091.html

[gregpeck7] 01/12/2022 23:51

https://www.hellomagazine.com/hfm/20221201158534/princess-kate-mulberry-bag-rent-now/?viewas=ampKate out wearing mulberry accessories again! Boost those sales Kate!

[gregpeck7] 01/12/2022 15:12

Oilbuy. You are obsessed with following me like a lost dog. Pxen will soon stop defying gravity don't worry.

[oilbuy] 01/12/2022 15:00

Gregpeck7You must be down to 5k in money at this levelTold you to buy PXEN at 9p

[csmwssk12hu] 01/12/2022 13:24

On the contrary don’t ever underestimate the luxury goods market these bags are collectible and the reason is amazingly they can hold and even increase in value, yes it’s mind boggling to us normal folks but these people aren’t in the real world

[gregpeck7] 01/12/2022 11:14

hxxps://www.prnewswire.com/in/news-releases/handbags-market-to-grow-usd-50710-million-by-2028-with-a-cagr-of-4-3--valuates-reports-301666367.html


Key companies include.... Mulberry.....

[gregpeck7] 01/12/2022 11:06

So much less? Revenue was down 1 percent, currently trading ahead of last year and China ending lockdowns... again what are you smoking?

[clocktower] 01/12/2022 10:59

The days of showing off wealth by buying expensive bags is numbered, hence they move to a sustainable rejuvenation model.

Was it 10,000 bags they have given new life too - surely that must be a sign that the wealthy are not now just going out and buy new luxury goods but want to be seen to be looking after the environment.

Seeing they sold so much less over the past six months I wonder if they have had to lay off skilled staff that make these bags. I bet once they have laid them off it is hard to get them back, so maybe they carry them for a while.

[gregpeck7] 01/12/2022 09:42

Confirmed on BBC now

[gregpeck7] 01/12/2022 09:37

China lifting lockdown measures just in time for Christmas!

[gregpeck7] 01/12/2022 08:37

L2 4 v 1 buy while you can at these levels.

[quietlife] 30/11/2022 22:47

PXEN looking good, what’s happened here

[gregpeck7] 30/11/2022 21:19

US rates peaking in Dec. DJIA flying. This looks all set for a BIG rally.

LVMH closed up 35 euros! All time high

Mkt cap now 370 BILLION!

Luxury is on fire.

[gregpeck7] 30/11/2022 13:50

Agree. But seeing as both parties are incredibly wealthy I think that is highly unlikely. I think at least 800p per share would be needed to get this off them. But yes point valid. They could do something like that.

[essentialinvestor] 30/11/2022 13:43

Greg, just keep in mind the majority owners could table a nil premium offer,
(to the best of my knowledge).

I am not suggesting this will happen, however it is a possibility.


The majority owners in MAB did this a while back and the bid failed as they
did not hold enough of the shares to get the offer through, when other
holders objected.


The two main holders in MUL have around 90% of the share capital between them?.

[gregpeck7] 30/11/2022 11:30

1 MM left at 270 then its 290... Maybe people are actually reading the results now! The more you read them, the more you can see they are rock solid.

1% down Revenue
71% margin maintained
Forward guidance sales are ahead of last year
Frozen energy prices at 2021 levels
Large inventory in place to ensure no supply chain issues
Wholesale growing strongly
Sweden new market opened
Bought out Australia to run by Mulberry not Franchise
Forward margins guided at 71%

This is a success.

Could have been better , but what retailer is currently smashing it? Arguably Burberry but its tough out there...

Cash was down, but its not because of losses, its because of investments and inventory. Thats a huge difference.




Just think how awful recent news flow was.. Particularly march to june.. Its a miracle in many ways they have only taken a 1% revenue hit.

Ukraine fallout at its peak, inflation peaking etc. Yet they raised prices and maintained the margin. I expect Jan will be their only sale of the year.

Fixing energy in 2021 for 3 years is huge as well. All being well, they come out of that deal in 2024 and prices are falling back significantly. That's a huge bullet dodged.

This is by mkt cap a tiddler 140m odd I think, that is teeny tiny. If anything the chance of someone taking advantage and taking them over is probably greater than ever now.

Burberry on record saying they want to "go British" and emphasise their "Britishness" as the Washington post say, best way to do that.. Buy Mulberry.




Now ask yourself, were these results actually bad at all? I think they were actually pretty good!

The more you read them, the more you can see this is a well run company doing well.

[gregpeck7] 30/11/2022 11:15

Crazy thing is I still don't really get the whole bad results narrative..

[csmwssk12hu] 30/11/2022 11:10

I’m looking at this and thinking this is going to be well over £3 by the end of the day

[disruptor1664] 30/11/2022 08:39

The old kiss of death by Greg once again.