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Get buying Mulberry
https://www.livemint.com/opinion/columns/burberrys-british-heritage-can-help-the-group-take-on-lvmh-11668963796750.html
Takeover coming from Burberry
thanks for overview.
Looks good indeed, solid better than expected grow, impressive revenue for the market cap. I see potential. of course, always the potential of one of the giants to grab this, Tiffany style. its legendary and the big guys has no big foot print in UK yet.
Good set of results there. Coping reasonably well with covid in China. Sales, revenue and profit are up whilst operating costs have risen by a smaller %.
Lots of stock in for the festive period, will be interesting to see how those sales do next year once the recession hits and Mr Hunt's tax rises hit the wealthy.
Divi up and share buyback less than half completed as well. I'm trying not to use rose tinted glasses but it does seem a good set of results overall.
Very risky now book profits and wait for the lows , cause it’s coming circa 13.50 or less
China can't be locked down forever and the Chinese will spend, spend and spend. They love the Burberry brand. A bit of patience will pay off.
Patience... that's all we've got!!
Judging by the quietness on this board, I might be the last mug punter holding shares in this company...
China, Ukraine, de-globalisation, travel, inflation and a cost of living crisis - there are a number of factors needing to come good before BRBY rebounds and maybe begins to reflect true value.
FWIW I've just been watching Kevin Heart's surprisingly good new thriller/ comedy on Netflix and have seen a few Burberry items in it. Interesting to see, I wonder if they have some sort of product placement agreement with them?
I've also noticed the classic pattern on a few other mainstream TV shows over the last couple of weeks indicating a ticking up of popularity.
I'd buy something myself but my first car was half the price of one of their coats so I don't think I'm necessarily their target market.
After their daft knee-jerk response yesterday, it seems the IIs did some bedtime reading last night.
You're so right to remind us of the long term view - share price wise, this company has gone nowhere in a decade, a decade of exceptional growth in the asian middle class. I'm a holder but I'm a bit tired of waiting.
Quite simple really.Although the company is a goldmine they really have not been going anywhere for the last ten years.They keep blowing up the entrances.Everything promised under the chief executive who is leaving so quickly has not happened.They have a new one starting who they are paying the earth for but one really does not know if he is worth it.However I topped up this morning at these prices as it is so cheap as I sold the bulk of my holding over three years ago at prices higher than this.Already in profit
My take on the RNS is very positive , good profitability improvement driven by non discounted sales and strong sales in key Chinese , SK, and America’s markets. strong cash flow supporting the reinstated divi and potential share buyback. Concerns over other geographies presumably not performing as strongly , however with store reformat , and hopefully good product development these issues should be addressed .
Due very soon , tomorrow I think , will be interesting to see how Chinese’s sales have developed
Political influences may impact Burberry but I cannot believe that in the luxury brand segment other companies do not face similar challenges, so overall I see real impact. Slower Chinese consumerism , maybe but again I would suggest at luxury end of market impact is not so great. Finally change of ceo and potential other departures seems to have been resolved.
I have a reasonable holding, so am biased but I believe most negative news is priced in , and hoping for strong sales development on update , although I do notice price has softened today ahead of the RNS due in the morning!
Good to see Hermes with good revenue growth in China. Hopefully Burberry is also riding the wave , and with the new appointment finalised , the management team can really focus on top line growth with improved margins
I remain bullish on this stock and do see organic growth with a potential as a takeover target Time will tell
Good to see an early appointment.However not that happy that these people only seem to stay in their roles for between four and five years and then receive a significant sum to buy out their options.As a ardent capitalist I do think this gravy train is wrong.However the last appointment for this company was a disaster
Financial Times:
Burberry has poached Jonathan Akeroyd from Milan-based Gianni Versace to take over from Marco Gobbetti as its chief executive.
Akeroyd, who has been chief executive at the Italian fashion house since June 2016, reorganised Gianni Versace, accelerating its growth during his five-year tenure. Before that he led Alexander McQueen for 12 years, leading a turnround at the British luxury brand and preparing it to expand globally.
Gobbetti will step down on December 31. Gerry Murphy will then chair the executive committee until Akeroyd joins Burberry and takes the helm on April 1, the company said in a statement on Wednesday.
Gobbetti said in June he would leave Burberry to go to the smaller Italian brand Salvatore Ferragamo by the end of this year. Burberry has shed about 15 per cent of its value since he made the announcement on June 28 as investors were concerned that the group would fail to complete its turnround.
The group’s shares have barely moved over the year, with a 2.3 per cent gain.
“Jonathan is an experienced leader with a strong track record in building global luxury fashion brands and driving profitable growth,” said group chair Gerry Murphy.
To be fair, every company in the index with a languishing share price gets mentioned as a target. If it happened here it would obviously be good news... and certainly there are international 'luxury branded' companies with very deep pockets!
possible takeover bid/activist investor.....have seem burberry come up in some financial articles discussing FTSE companies ripe for a takeover/activist investor
With their main man returning to Italy, recent BOD share sales and with the current malaise in travel tainting sentiment in the company, poor old BRBY can't catch an even break! I hold shares but not with much relish. The road ahead looks increasingly long & arduous... can anyone see a catalyst?
it appears the brokers are out to dupe some new money in with a false rise hmmm
£18.50 Prior to the £18.00 of course there does need to be some time to allow for settlement
sell now this will be going to £18.00
On that note I'm out I think they over bought if tho it's taken quite a drop already.
I'm out but will be back one it's below £18.00