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It's a very well managed company, but at the current price the stock is too expensive. Plus there is a risk that the new CEO will not deliver i.e. growth and profitability will decline. You can read more thoughts from investors here: http://intwits.com/uk/stock/BRBY/
Burberry looks to US to offset HK decline Luxury group’s growth in Japan limited by lack of appropriate retail space
Burberry Group broker views Date Broker Recommendation Price Old target price New target price Notes 02 Feb Goldman Sachs Conviction Buy 1,793.00 2,170.00 2,475.00 Retains 2475p SP TARGET
BRBY Burberry on the verge of a breakout. CEO was buying stock just a week or so ago. Ive copied her and gone long. https://pbs.twimg.com/media/B9KPR4OIYAARJY-.jpg
Shares looking good
It was an exceptionally bold and, indeed, courageous move to appoint the Creative Officer CEO. A first for a FTSE 100. Understandably, investors are nervous; they would almost certainly have preferred a 'bean counter'. However, this decision, albeit risky, could well turn out to be one of the most visionary appointments in the world of retail: Burberry, like all fashion companies, has to constantly 're-invent' itself in order to stay relevant. After all, what's IN fashion, will invariably go OUT of fashion. The jury is out but this could prove to be a very smart move, indeed. Still, the truly exorbitant pay package is jumping the gun: Whereas Sir Martin Sorrell has proved his mettle over many years at the helm of a company he built from scratch, Mr Bailey has no track record whatsoever. Investors are right to revolt! Agitated activists: http://pinkerspost.com/post.php
Don't know how i came across this share, Anyway i see a 5-10% drop happening over next few days...get the hell out or go SHORT.
As my last message said - Burberry are a totally different fish to the other clowns in the luxury sector like Mulberry. Unlike them and LVMH, Burberry's sales are massively up again across all regions, including Europe - and their focus on China is paying (literally) big dividends. I expect the share price to recover back to £14 now which is where they were before starting to be dragged down by everyone else's poor performance.
Burberry's sales mix by geography is totally different to Mulberry. In fact the similarities end with their names ending in 'berry'. Mulberry had a terrible 2012 - unlike Burberry, and so news of a slowdown in London for them is hardly something unexpected. Mulberry generate over 60% of their sales in the UK and less than 15% in Asia; Burberry generate 33% of sales in Europe (so a fraction of that in London) and 36% in Asia (and growing). If Asians stay at home to spend instead of London - Burberry are well placed, unlike Mulberry. As things stand Burberry has lost £235 million of value today.....makes sense of the back of this news relating to another company with totally different dynamics? No.
rumour is starting to do the rounds... ;-)
Stacey Cartwright, the out-going Chief Financial Officer of fashion label Burberry, has sold 61,171 shares at 1,363.30p a time, pocketing 833,944 before tax, it was revealed Friday. It was announced earlier this week that Carol Fairweather has been appointed as Cartwright's successor. Fairweather, who has been with Burberry for six years - most recently as Senior Vice President of Group Finance, will take up the position ahead of the group's annual general meeting in July 2013. Prior to joining Burberry, Fairweather held senior finance positions at News International and Shandwick.
After the recent market rally, cautious investors have been looking for a reason to sell. The board changes provided this and that's why they sparked a fall of more than 6 per cent. This slide looked overdone, the Sunday Telegraph's Questor team says. With the shares trading on a current year earnings multiple of 20, it is in-line with its peers, so Questor says it keeps a hold.
Investors in luxury goods group Burberry endured a case of the jitters last week after the company unveiled a series of boardroom tweaks. However, the group's strategy is unlikely to change. Investors were already concerned about a slowdown in growth for upmarket goods groups and after the recent market rally they were looking for an excuse to sell. As well, an improvement in the US and Chinese economy could mean that the slowdown is not as severe as feared. Asia and the US each account for about 25 per cent of the 280bn dollars (177bn pounds) global luxury goods markets and economic data from both regions have been good.
Burberry, which has 68 stores in 35 cities across mainland China, saw shares fall 5.84% to 1,346.5p by 16:00 on Thursday. The company is heavily exposed to the fast-growing Chinese luxury industry, which accounts for around 40% of retail sales across its whole Asia Pacific division. On Thursday morning, Burberry appointed John Smith, the former head of BBC Worldwide, as its new Chief Operating Officer. The firm also announced that Chief Financial Officer Stacey Cartwright would step down after nine years and be replaced by Senior Vice President of Group Finance Carol Fairweather. Shares in French luxury brand LVMH and US jewellery firm Tiffany & Co were also out of favour on Thursday.
Shares in luxury brand Burberry were hammered on Thursday as the company announced a series of boardroom changes; but market chatter was also putting the sharp fall down to the move by China to scale back luxury advertisements. China's media watchdog, the State Administration of Radio, Film and Television (SARFT), this week claimed that some radio and TV commercials were publicising "incorrect values and helped create a bad social ethos" by encouraging people to give expensive luxury items such as watches and gold coins as gifts, according to state-run news agency Xinhua. China's Global Times said that broadcasters have been ordered to stop running adverts that promote gift-giving, which is sometimes used to gain favour with officials. Ad agencies have been asked to change ads that do not meet the rule. "Unqualified advertisements will be stopped from being broadcast until they are modified", a member of the advertising department of Zhejiang Satellite Television told the Global Times.
looks a good time to grab a few, chart looks lovely now for a buy on the lower line of the ascending channel
Burberry: HSBC increases target price from 1300p to 1500p maintaining a neutral rating.
At that time, Angela Ahrendts, Chief Executive Officer of Burberry, said the increase in group's underlying retail growth in the third quarter had benefited from a particularly strong week in the run up to Christmas. She additionally stated: "We expect the external global environment to remain challenging, but see continued opportunities to drive productivity in our existing business, while investing for growth in under-penetrated regions, product categories, channels and mediums." Burberry's share price was down 1.10% to 1,351p at 11:15 on Wednesday morning.
Pascal Perrier has sold 30,000 ordinary shares of five pence each in Burberry for 1366.8p, according a statement issued by the company on Wednesday morning. The sale, which amounts to £410,040, was recorded under the description of a "Person Discharging Managerial Responsibilities". A current LinkedIn entry describes Pascal as "President Asia Pacific at Burberry" and Pascal is named by the same title in Burberry's 2011/2012 annual report. Earlier in January, Burberry published its third quarter trading update for the three months to December 31st. The upbeat results showed total revenue was up 9% to £613m while retail revenue was up 13% to £464m. The geographical breakdown of business performance in the group for the fiscal third quarter showed a 15% increase in retail and wholesale revenue in Asia Pacific to £242m compared to £210m in the corresponding period in 2011. This represented the largest increase out of all the company's geographical segments.
Someone on iii buletin board post this: http://tradingresearchpoint.co.uk/2013/01/23/sell-burberry-brby-bull-trap-island-top-targets-towards-1200p/ I bet Zak Mir & his buddy Anton Kreil from the Institute of Trading and Portofolio Management, short this stock...burnt their fingers.
there was rather better than expected newsflow from luxury goods group Burberry (BRBY). Any doubts over a possible slowdown in China and a consequential profits hit were quickly dispelled as the shares soared after the group reported a bumper Christmas sales period.
Burberry Group: UBS moves target price from 1170p to 1350p and reiterates a neutral rating. Credit Suisse ups target price from 1430p to 1550p, while staying with its outperform rating. Berenberg takes price target from 1400p to 1600p keeping a buy recommendation
Burberry: Bank of America raises target price from 1260p to 1470p and upgrades to buy.
Positive Points: Retail sales contributed three-quarters of group revenue in the period with strong growth seen in men's tailoring and men's accessories. The group already enjoys geographical diversity, an attribute which many retail rivals such as Marks & Spencer are currently attempting to emulate. During the period, Burberry opened seven further stores that included a new flagship store in Chicago. In November, Burberry announced it will directly operate fragrance and beauty categories from 1 April 2013. Management noted that "integrating fragrance and beauty is a significant brand and business opportunity." A progressive dividend policy continues to be pursued. The half year dividend was increased by 14% to 8 pence per share. At 31 December 2012, Burberry had 203 retail stores, 214 concessions, 50 outlets and 62 franchise stores.