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Angela Ahrendts, Chief Executive Officer, commented: "Burberry has delivered another strong performance, with a 21% increase in revenue in this important third quarter. Our investment in flagship markets and digital technology has enabled our global teams to continue to drive customer engagement, enhance retail disciplines and improve operational effectiveness, further strengthening brand momentum. Looking ahead, we remain focused on executing our proven core strategies to achieve long-term sustainable growth, while staying mindful of the challenging macro environment."
Third Quarter Trading Update and Interim Management Statement Burberry Group plc, the global luxury company, today reports on trading for the three months to 31 December 2011. Highlights · Total revenue of £574m, up 21% underlying · Retail revenue of £417m, up 23% underlying - Comparable store sales growth of 13% - Flagship markets including London, Paris, Beijing and Hong Kong outperformed - Core outerwear and large leather goods again drove half of growth - Knitwear, men's accessories and tailoring, fragrance and watches grew strongly · Wholesale revenue of £130m, up 15% underlying - Q3 deliveries benefited from improved supply chain and monthly flow of product - Mid single-digit percentage underlying wholesale revenue growth still expected in H2 as brand rationalisation continues · Licensing revenue of £27m, up 12% underlying - Driven by success of Burberry Body fragrance launch · Further strategic and operational progress - Six mainline stores opened including Paris and São Paulo - Extended luxury leadership position in social media, with over 10m Facebook fans and 10m views on YouTube
http://www.investegate.co.uk/Article.aspx?id=201201170700156555V
Nomura upgrades Burberry from neutral to buy, target price increased from 1356p to 1530p.
06/01/2012- Burberry was in pole position, jumping up 36p to 1239p amid speculation that China, a major market for the luxury brand, could be about to cut its banks reserve ratio again. With such a move expected to boost the country's economy, the talk came in the wake of an article in the Communist Party's official organ, the People's Daily, claiming Beijing was aiming for a fall in growth for 2012 to under 8%.
http://www.guardian.co.uk/business/marketforceslive/2011/dec/01/ftse-dips-burberry-bucks-trend Posted by Nick Fletcher Thursday 1 December 2011 16.57 GMT guardian.co.uk Amidst all this luxury goods group Burberry stood out with a 38p rise to £13.08. The sector has been under pressure recently on worries about a slowdown in its key growth markets in Asia, a fear seemingly borne out by the contraction in China's manufacturing index in November. But the company's shares were boosted by a buy recommendation from Seymour Pierce, which expects continuing growth despite the current uncertainty. Analyst Kate Calvert put a £16.50 price target on the shares, saying: Unless there is a global depression, such is the Burberry brand momentum - which can be seen from its comparable sales growth, physical new space addition and operational leverage opportunities - that we believe the business can continue to deliver at least 20%-25% earnings per share growth per annum for the foreseeable future. This sustainable premium growth to its peers is not reflected in its current valuation. By SpikeyDT
well looks like UBS were wrong!
ubs keeps at neutral, cuts target to 1,250p from 1,450p
Also on Tuesday, luxury brand Burberry is expected to release its first half results. The firm has already confirmed that revenues rose 30% in the six months ended 30 September, so Credit Suisse notes that the focus next week will likely be on margins, cash flow and outlook comments. The Swiss broker thinks that gross margins will be 64.8% and operating margin will be 14.9% ("broadly flattish year-on-year"), translating into £116m operating profit. It also expects Burberry to reports a pre-tax profit of £159m, a 24% growth on last year.
sorry, same post , charts in correct order http://www.marketwatch.com/video/asset/europes-week-ahead-burberry-carrefour-reports-2011-10-07/4AD0FEEF-E611-4440-A1F2-6259A4C42B2E#!4AD0FEEF-E611-4440-A1F2-6259A4C42B2E Seem to expect strong growth? Will post TA after results to see the effect, at the minute the price seems to have closed just above this horizontal support ( 3 bands define approx range ) with the next resistance being where i extended the channel 2 line in blue as it becomes the next significant resistance at between 1325-1348 were it to hit it this week which I imagine it will if results are good. http://imageshack.us/photo/my-images/42/brby20111009resultsanno.jpg/ MACD, Stoch and RSI are also all heading upward. http://imageshack.us/photo/my-images/442/brby20111009resultsanno.jpg/ Lets see how it goes... I'm not in, not until the Sovereign debt fiasco is resolved but this is a stock that hopefully will be insulated reasonably well against Europena problems as long as those do not in turn significantly affect China. I'll leave the fundamentals to mulledwine who's doing a sterling job. GL
http://www.marketwatch.com/video/asset/europes-week-ahead-burberry-carrefour-reports-2011-10-07/4AD0FEEF-E611-4440-A1F2-6259A4C42B2E#!4AD0FEEF-E611-4440-A1F2-6259A4C42B2E Seem to expect strong growth? Will post TA after results to see the effect, at the minute the price seems to have closed just above this horizontal support ( 3 bands define approx range ) with the next resistance being where i extended the channel 2 line in blue as it becomes the next significant resistance at between 1325-1348 were it to hit it this week which I imagine it will if results are good. http://imageshack.us/photo/my-images/442/brby20111009resultsanno.jpg/ MACD, Stoch and RSI are also all heading upward. http://imageshack.us/photo/my-images/42/brby20111009resultsanno.jpg/ Lets see how it goes... I'm not in, not until the Sovereign debt fiasco is resolved but this is a stock that hopefully will be insulated reasonably well against Europena problems as long as those do not in turn significantly affect China. I'll leave the fundamentals to mulledwine who's doing a sterling job. GL
The low point of line A when I first drew this chart was on the 22nd. Since coming back to it the 9th's candlestick tail has grown down so I'm not sure if that's just the chart software or that is the true low. If it was then line B would be slightly longer and although the pattern still plays out the target buy in price would have been slightly lower, which is why it would be good to tranche in at just above target, at target and just below target price, to allow for chart inaccuracies.
To brighten up the day.. Played out beautifully with this bear flag, even during that period of high voltaility. I've had this chart drawn for weeks and have watched the SP trend in the flag then breakout downwards to nearly exactly the projected target. before rebounding. The lines of interest are only the blue lines A and B and Support and resistance channel lines C1 and C2. I drew C2 on 12th September when I had 2 points for support and copied the line above to C1 so it is exactly parallel to C2. Notice how when it peaked on the 21st September the price bounced of that resistance line which had already been drawn in 2 weeks prior. The projected target of this pattern, line B, I had to move to its current position once the breakout occurred as it measures from the highpoint prior to the breakout to the projected target price. I'm still out of everything as I'm waiting for the current volatility to end but on the 4th I actually got a price quote at 16:25 and considered buying but decided not to as my current strategy of staying in cash is decided until the Sovereign default issue plays out. Just shows though, it's worth keeping an eye on TA for this share, at least on this occasion it would have produced a winning bet on the swing or given a good buy in target if you were investing. I have only started TA for BRBY recently as I like it because of the China markets which I would hope not suffer so badly with a European crisis as they still are booming and have a huge growing population who like to buy Western luxury goods. Worth keeping note though that BRBY did also suffer in the recent volatility so is probably susceptible in the short term if the Indices tank. http://imageshack.us/photo/my-images/412/brby20111007bearflag1.jpg/
Nomura has kept its neutral rating on British luxury brand Burberry ahead of the group's first half trading update on 12 October. The broker expects Burberry to report 29% constant currency sales growth to £820m, but forecasts a 50 basis point decline in the first half earnings before interest and tax margin in the key retail/wholesale division, due to operating costs (including investment in flagships, customer services and share schemes). Despite keeping its neutral rating, the broker said that given the recent pullback in the shares, the stock offers some upside to its 1,356p target price.
It would appear that September / October for shares of Burberry could be a repeat of the July / August sell off. Helping bolster the bear argument is the way that we have just been treated to an island top reversal over the past couple of weeks. The risk is that while below the grey 20 day moving average at 1,358p the downside here even if the uptrend is set to continue could be the floor of a rising March price channel at 1,210p before the end of next month. So reckons Zak Mir
UPDATE: Burberry jumps on tax cut rumours Date: Thursday 15 Sep 2011 LONDON (ShareCast) - Iconic British luxury brand Burberry was leading the surge on the FTSE 100 on Thursday, on speculation that it could see a reduction in luxury goods taxes in a key market - China. Chinese newspaper National Business Daily has refuelled the debate, reporting that import duties on luxury items may be cut by the end of the year. However, government ministers still remain divided over whether to adjust their stance, the newspaper said. While the Ministry of Finance has been reported to have confirmed that it does not want to scale back the tax, Yao Jian, a spokesman from the Ministry of Commerce, said in June that China will cut tariffs in an effort to stimulate consumption. Last month, Wei Jianguo, the secretary-general of the China Center for International Economic Exchange, said, "Next year will be a critical period for China's trade, as the ongoing debt crisis in the EU and US reduces their demand while yuan appreciation and ever-increasing trade protectionism hit China's exports.” Burberry said in July that retail sales soared 49% in the three months to 30 June, helped by strong growth in China, with the new stores acquired in the country last year contributing 20% to the total increase in retail sales.
Barclays upgrades Burberry from equal weight to overweight, target price raised from 1440p to 1590p.
Come on my long is looking very poor now @ average of 1255...GL all
order @ 1279
Goldman Sachs upgrades Burberry Group from buy to conviction buy, target price raised from 1502p to 1882p.
Oh well. looks like I picked the wrong time to enter after waiting all that time. I hope this stops at the horizontal support lines on the chart I posted the other day although it looks like TA is currently out the window. I had hoped BRBY would be a bit more immune from volatility, seems not. Anyone know of fundamental issues beyond the fact that virtually everything's tanking today such as Chinese slowdown as I was under the impression it was Chinese demand for BRBY that was driving sales. I don't do fundamentals much so any knowledge appreciated.
The 2 of concern are the ones that intersect at today's low.
I started the black and blue lines lines on this chart over a year ago and have been back to it a few times. Interesting that today the price bounced off that shorter term red support line recently drawn, as it also intersects the blue line I would imagine stronger support at this point, around 1430. If it falls below this price I would expect support again at 136-1380 range. http://imageshack.us/photo/my-images/841/brby20110802bounceonlts.jpg/ http://imageshack.us/photo/my-images/31/brby20110802bounceonlts.jpg/ The Stoch, RSI and MACD aren't saying a great buy in point as they're not at their lowest values but I'm giving support the value of the doubt. http://imageshack.us/photo/my-images/155/brby20110802bounceonlts.jpg/ The last 3 bounces off this red support line have resulted in swift rises of 273, 205 and 243 points, say an average of 240 on top of today's 1430 low gives a target of about 1670. I will post back with an upper resistance line drawn later. As I bought in today after seeing the price approach that support I'm hoping for the bounce off it.
I've been waiting for a decent dip since about 700 on this one and when they do come along ( rarely ) I've missed them, looking for 10% here in the next few months, hope the Chinese keep buying Burberry goods.
Sell Burberry Shares , and BUY BUY Supergroup ! Multi bagger ;)