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What rubbish you write.I do not know what fashion industry you have been working in.Burberry is one of the most successful brands over the last fifty years .Over the years it has had its ups and often inflicted by itself but in the industry could be called a gold mine and very much depends how it is exploited.
As I said in a recent post I sold most of my holdings in 2018 at about 2018.Have just started to buy and increase my holdings again as it will come good soon
Having worked in the fashion industry for past 10 years, I wouldnt touch this even its at half of whats trading today
You should read the whole article he finishes saying don’t buy it because you think someone else might. Motley fool punt anything clearly get paid to do so.
I sold virtually my entire holding in 2018 at around £22 as the the company was going nowhere.It is still too early to put down the new management although I did not like the up front payments and really in this industry it takes a little time to urn a business around.Last years results had a few special gains which will not be repeated again this year but I think they have to get back to basics as the market they are currently going for is too fickle.
Https://www.fool.co.uk/2024/04/13/1-possible-takeover-target-from-the-ftse-100/
No thanks Gaz. I don’t short but have no issues with shorters.
12 months time this will be £16
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 ?