Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Cheapsharesboy
Look at the share price for October 18 it was a good call
Silly "boy"
your sell rec was literal GARBAGE.
lol
Chancellor scraps VAT free shopping for tourists
Sell
The board of Mulberry is pleased to announce that at the Company's Annual General Meeting held today, 7 September 2022
Financial Highlights
· Group revenue up 32% to £152.4m (2021: £115.0m) reflecting strong recovery post COVID-19
· Gross margin of 71.7% (2021: 63.6%)
· UK retail sales increased 36% to £89.8m (2021: £66.2m)
· China retail sales up 59% and South Korea retail sales up 11%, which contributed to the 28% increase in Asia Pacific retail sales, reflecting ongoing development in the region. International retail sales increased 20% to £40.4m (2021: £33.8m)
· Digital sales £47.5m (2021: £56.4m) down 16% as customers switched back to stores following store re-openings; however up 31% compared to pre-COVID-19 levels (2020: £36.3m)
· Profit before tax £21.3m (2021: profit before tax £4.6m) includes a one-off profit on disposal of Paris lease of £5.7m
· The Board is proposing a final dividend of 3 pence per ordinary share (2021: nil)
According to a report by Allied Market Research, the global market for luxury bags is expected to be worth a staggering $89.9 billion by 2026.
https://www.fidelity.co.uk/markets-insights/investing-ideas/shares/where-next-for-mulberrys-share-price/?utm_medium=share&utm_source=email&utm_campaign=share_btn
LVMH has continued to ride the pandemic-era wave of consumers splurging extra cash on luxury goods, as opposed to jetting away overseas.
Revenue jumped nearly a third to €18bn (£15bn) in the first quarter of this year, in comparison with €13.9bn in 2021 – with fashion and leather products leading the way.
Such goods hit record growth levels last year, with annual revenue rocketing more than 50 per cent in comparison with 2019.
The luxury retailer enjoyed a “good start” to the year, it said in its latest trading update, with all business groups hitting double digit growth, except the group’s alcohol business which had suffered supply constraints.
The wine and spirits division, which sells pricier liquors such as Hennessy cognac and Belvadere vodka, grew by eight per cent in the three-month period, pulling in some €1.6bn (£1.3bn).
As Covid-19 restrictions blanketed the globe, consumers instead dished out money that would typically be used for travel on other high-value items such as watches – a trend also seen by London-listed Watches of Switzerland.
Revenue climbed around 25 per cent for LVMH’s watches and jewellery business group, which includes Tiffany & Co., as businesses unveil new products.
Mulberry share structure stumps City veterans
City veterans are stumped by the share structure of AIM-listed fashion play Mulberry.
The handbag firm is 93 per cent owned by its two biggest shareholders – the Singapore billionaire Ong family and (you guessed it) Mike Ashley.
Former chairman Godfrey Davis owns another 2 per cent, leaving a free float of less than £10 million.
The shares barely move from one month to the next despite volatile markets. Maybe a safe bet, even if one jaded stock picker describes it as 'another Ashley mystery'.
But surely one or other of the big investors has to make a move at some point?
Or maybe regulators should move to spirit this glacial stock off the public markets?
https://www.thisismoney.co.uk/money/share-investing/article-10703393/STOCKS-WATCH-Gemfields-set-sapphire-Madagascar.html
Mulberry has taken this opportunity to increase its marketing investment in the second half of FY22 to further build global brand awareness. Despite this additional expenditure, the profit for FY22 will be moderately ahead of current expectations.
The Group's balance sheet remains strong with net cash balances at FY22 expected to be in excess of £20 million. The Group intends to announce its FY22 results on 29 June 2022.
Mulberry Group Anticipates FY 2022 Revenue, Profit Above Expecations on Strong Sales
Mulberry Group PLC said Tuesday that it anticipates reporting revenue and profit moderately above expectations for fiscal 2022 after booking robust sales.