George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
very impressive SP reaction today +13% and has been higher
Was also contemplating a "top up" the other day, but it would have meant me selling something else so didnt think it worthwhile. However, I did buy on the big drop so am now in profit, thank goodness. Have you seen their new store on Regent Street - very impressive. Also thought they had some nice stuff in there, lots not typically Burberry which I think is good.
Absolutely kicking myself this morning. Was going to buy in yesterday but just had an ounce of doubt in the back of my mind. Well done to all who did though.
Sometimes its good to be wrong :) nearly back in profit.
well I certainly called that one wrong today ( thank goodness !) - crack on BRBY
Target Price - 1190
It appears I was over cautious - up 5% !
Dont think market will like this continued 'slow down' - profit warning last month and what appears a continued reduction in growth - I see red today ....but I could be reading too much into it.
Outlook Retail: For the second half of FY 2012/13, average retail selling space is on plan to increase by about 14%. Openings in flagship markets will include Chicago, Shanghai and a standalone menswear store in Knightsbridge, London, as well as further stores in Brazil, Mexico and the Middle East. Wholesale: For the second half of FY 2012/13, Burberry expects broadly unchanged underlying wholesale revenue year-on-year (H2 2011/12: £230m), reflecting the rationalisation of certain opening price point products in core accessories and outerwear. With a more cautious approach from customers globally, the United States, Asia Travel Retail and Emerging Markets are expected to continue to grow, offset by further contraction of small speciality wholesale accounts, especially in Southern Europe. Licensing: With timing benefits in the second half, Burberry continues to expect licensing revenue for FY 2012/13 at constant and reported exchange rates to be broadly unchanged year-on-year.
Angela Ahrendts, Chief Executive Officer, commented: "Against record prior year comparatives, Burberry delivered 8% total revenue growth and 10% retail growth in the first half, albeit slowing in the second quarter. In a more challenging external environment, footfall declined but brand momentum remained strong, particularly with our higher spending luxury consumer. Our highly experienced team remains very focused on the consistent execution of our key strategies, engaging consumers through innovative retail and digital marketing initiatives as we enter the most important quarter of the year. We continue to invest for long term growth in flagship and emerging markets, while tightly controlling discretionary spend."
First Half Trading Update First half highlights · Total revenue £883m, up 8% underlying · Retail revenue £577m, up 10% underlying - Comparable store sales growth 3% (Q1: 6%; Q2: 1%) - Q2 lower footfall countered by higher quality sales and average spend - Prorsum and London penetration up six percentage points - New mens tailoring and mens accessories performed strongly - Hong Kong, France and Germany robust; UK and China slowed in Q2 · Wholesale revenue £253m, up 5% underlying - In line with guidance - H2 underlying wholesale revenue expected to be broadly unchanged · Licensing revenue £53m, down 5% underlying - Consistent with full year guidance of broadly unchanged revenue year-on-year - H2 global launch of The Britain watch - Fragrance and beauty to be directly operated from 1 April 2013 · Ongoing investment in retail - 13 new mainline stores - Openings in flagship markets including Milan, Rome, Hong Kong and Regent Street, London - H2 average retail selling space expected to increase by about 14% - FY capital expenditure plans unchanged at £180-200m
http://www.investegate.co.uk/Article.aspx?id=201210110701014383O
Angela Ahrendts, Chief Executive Officer, commented: "Directly operating fragrance and beauty is in line with our strategy of taking greater control over our brand. There are significant opportunities to accelerate the growth of this business over time, leveraging our infrastructure and that of existing key suppliers and distributors. We are very excited about fragrance and beauty becoming an important fifth product division for Burberry, as we more closely align it with our core business and brand positioning." Further details, including financial information, will be provided with Burberry's interim results on 7 November 2012. As previously announced, Burberry will pay Euro181m in cash (exclusive of any receivables, inventories and other tangible assets) to Interparfums on 31 December 2012 for the ending of the licence relationship.
Burberry Group plc Fragrance and beauty to be directly operated In order to capitalise on the significant opportunities available for the brand in fragrance and beauty, Burberry announces that it will directly operate these product categories following the end of its existing licence relationship with Interparfums SA. Fragrance and beauty will be run as Burberry's fifth product division alongside accessories and womens, mens and childrens apparel. Burberry already leads all product design, packaging and marketing activities for fragrance and beauty. It will now take control of the relationship with sourcing, logistics and distribution partners worldwide, supported by Burberry's existing IT, planning and central infrastructure and supplemented by a number of key senior hires with extensive functional expertise in these categories. To facilitate the transition, the licence relationship with Interparfums has been extended until 31 March 2013. Burberry will commence direct operations from 1 April 2013.
http://www.investegate.co.uk/Article.aspx?id=201210110700064381O
It was in the FT last weekend. Some guy who works for one of the big firms in the city thinks the results are going to be ok. He also said if the shares do move south, 921 could be the floor. The share price moved up last time it was1004, not to long ago. Have a good evening.
H1 results tomorrow, what do we think ? did the market overreact a few weeks back? will we see a bounce back or a further drop?
Although at first glance a relatively light week for corporate news looks to be in prospect, there are still some big hitters in the mix that could provide something of a splash, both in newsflow and price action. The recent fate of luxury goods group Burberry (BRBY) has seemed totally intertwined with prospects for the world's second-largest economy, China. In recent weeks the Chinese have taken some steps to stimulate their economy, but unless there are clear signs of an improvement in trading, Burberry shares could again take a beating as the long-term premium rating of the company continues to unwind.
90000 buy at 4pm today, someones confident , 10 million quid confident.
for a small amount with my son's Junior ISA; long term holding; am content
Wonder if this is a good buy at this price
Analysts at Credit Suisse were left scratching their heads after a meeting with Burberry management and a visit to the Spring '13 showroom last night. What has gone wrong in the 2 weeks thru Sep 8? They ask themselves. “Our recent conversations with peers and initial checks with luxury operators makes us guess that Burberry's warning possibly reflects a combination of sector-wide factors (e.g. slowing economy and pullback in gift giving in China, slowing US) and company-specific issues,” they write this morning. Even so they came away with the knowledge that Burberry's merchandising teams are analysing the potential factors above and accelerating initiatives to add more appealing items and greater wow factor to stores in coming months. Thus, for now Credit Suisse opts to maintain its investment outlook (outperform) while it looks for more clarity after extra channel checks, particularly given that the stock has de-rated (to 14.4x the company´s estimated 2013 calendar year price-to-earnings multiple versus the luxury sector´s average multiple of 15x). Nevertheless, its analysts have cut their target price to 1400p fropm 1600p previously.
Should have spent on some Burberry stuff at the shop than here. The stuff probably have more value than more shares. lol Do you think this will recover or another destiny like Mulberry and Tesco?
Dont forget we are playing in the worlds biggest casino. Dont get the fever, dont buy dog shat, and always wait for oppts, forsure they will come along.
I would be carefull at the moment of jumping in, just because some directors have just bght. Not long ago several directors of Man financial topped up, 150 to 200p and that sp fell to well below 100p, before recovering. If Brby falls to 996p, me and my chums will be having a close look.