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At 30% if revenues China is Burberry’s biggest market. With real estate tanking there, they don’t have the cash to splash anymore. Recovery in the West will take up a bit of the slack, but not much. I can see sub-£10 before any proper recovery.
Burberry will likely come under more pressure today
Why? I don’t short but I have no problem with those who do. If the company’s good the shorts’ll get burnt. If not, the shorts were right.
Can't believe I'm saying this but this has become a real dog...
Absolutely no sign whatsoever of recovery.
Good luck all holders.
Seen lots of good comments and articles in press regarding the Burberry show at London Fashion Week. Apparently Daniel Lees latest collection went down v well.
So long as Toffers doesn't jump in you'll be OK .... If she does it'll be multi bagger 100000%
Lots of trades today though .... fingers Xd
Bought a first tranche here today and just seen that Russ Mould has tipped them. Had I know that, I’d have steered well clear. Kiss of death!
Https://www.thisismoney.co.uk/money/markets/article-13011539/MARKET-REPORT-Footsie-clocks-best-week-four-months.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.154986746.394092938.1706391978-829466088.1679172563&_gl=1*voxj9i*_ga*ODI5NDY2MDg4LjE2NzkxNzI1NjM.*_ga_XE0XLFFF16*MTcwNjM5ODE2My42My4xLjE3MDYzOTgxNjYuMC4wLjA.
Was going to buy at 1275 yesterday but didn’t. Today at 10am I bought a small position at 1309
Hi everyone! LVMH made a small part of my recent newsletter this week - and most definitely had an impact on Burberry shares!
LVMH (WTD +15.9%) / Luxury: Holds the second largest weighting in the Eurostoxx50. (1) Metrics: Earnings were strong across the board. (2) Guidance: “Chinese clientele remained good“. The Luxury sector significantly under-performed last year, amid continued weakness in Chinese demand. These results helped ease some of the concerns and pointed towards a recovery for the sector as a whole - as such (3) Barclays upgraded Luxury to Overweight. My thoughts? You might remember my past newsletters which mentioned Burberry (bad guidance) / Richemont (strong demand). Seemingly, the “larger“ Luxury names are faring best - Hermes and Kering are still due; it will be safe to assume they will largely reiterate trends mentioned by LVMH.
If you found some value from my piece, you can find more here: https://reallyknowthenews-newsletter.beehiiv.com/
I wouldn’t touch WOSG now Rolex own Bucherer.
Burberry and lvmh etc will never return to previous highs. People spent cash they couldn’t use on holiday while stuck at home.
Burberry is a decent buy but not with a view to doubling one’s money.
Burberry, Mullberry, WOSG amongst others all well below guidance.
Luxury brands not immune to current conditions.
Agree long term support line is 10 but it tends to bounce quickly from there and you may miss out the first recovery punch up. So will start adding
World stocks getting pasted, wens day also not looking good, 1000p by Friday then Tim to get in again.
I don’t follow Burberry or fashion , but I am a fan of watches and have been for 20 years.
If the Burberry situation is anything like Rolex omega JLC cartier etc, then the downward trend is not over and there is very little chance it will reach previous highs . Especially in the medium term.
Burberry (WTD -7.5%): British Luxury brand, Burberry, saw it shares plummet after it announced its Q3 earnings - which all in all, was not horrible. The real kicker for the name was that it cut its guidance, citing “a slowdown in Luxury demand”. What the experts are saying: Analysts are now looking towards Richemont earnings this Thursday, as any early indications to see if this is a company specific issue, or a wider slowdown throughout the Luxury sector. Personally, I do not see Richemont and Burberry as direct peers - but its important to know the talk on the street - so you are not caught by surprise if you hold any Luxury names.
If you liked my piece, consider my newsletter! https://reallyknowthenews-newsletter.beehiiv.com/
Nearly down to the Covid low...it's as if they have decided that China (and the rest ot the World) has closed down ?
I'm an absolute noob, and may be wishful thinking as I bought in around 1400ish. But:
Trendline seems to be reached;
Lots of Gaps down implies exaughstion of the downtrend to me;
People making money off crypto may buy high end clothes.
All spells a shift soon for me, doubt it will go as low as pandemic levels, this isn't a market crisis. That said, there is a looming recession (though that has been the case for a while now).
Anyway, I invested for years so short term doesn't bother me too much. Just hoping it turns up soon :)
I read a analyst report in current trend, it "may" bottom out at a lowly £9.30p.
I have dry powder not in yet, this drop ain't over, in my research I can't see were the brand can grow this year, we shall see folks
On some metrics Burberry isn’t cheap even now. £10 will be the price
Seems in line with trendlines
Completely overdone sell-off imo. Ridiculous.
There is certainly value and it does look cheap now. However, my question is how much potential growth does a company like Burberry have over the next 10-15 years? When I look at the share price chart over the last 12-13 years it's actually been pretty disappointing. For much of that period we had rock bottom interest rates and many growth shares, particularly in the US, did extremely well.
Current market cap of Burberry is now just under £4.8bn. For comparison, the US fashion company Capri Holdings currently has a market cap of just under $5.9bn (around £4.63bn), which is slighly less than the current Burberry market cap and that company owns some pretty big global luxary brands like Versace, Jimmy Choo and Michael Kors. So maybe Capri Holdings offers even better value?
Never owned Burberry shares, has never appealed to me as particularly the strongest brand in its field.
I thought the same about NWG but nibbled at 175p
I will nibble Burberry in the next couple weeks , if it settles at this price , but ideally would buy at 1100.