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is this quite a decrease in share price, compared to other hand bag/luxury brands? seems like a rare opportunity but would love to hear a intelligent view!
1% increase will see me straight though. I like to look at green figures only.
IN. trouble is with costs and spread i start £300 down FFS......
RECOMMENDATION BUY TARGET 1850 The Major trend of BURBERRY GROUP PLC it is showing strength for buying. If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 1786 then it can show upside movement for the target of 1850 with the stop loss of 1725. CHART FORMATION:- Stock is trading in a range and breaking its neckline will lead to upside movement. INDICATORS:- RSI is trading near to 47.08 level with positive bias, in upcoming session upside movement is expected. MACD and Signal line is sustaining below the zero level line.
I am led to believe the results will be very good this year, Hold at worst, Buy if you can
It's a very well managed company, but at the current price the stock is too expensive. Plus there is a risk that the new CEO will not deliver i.e. growth and profitability will decline. You can read more thoughts from investors here: http://intwits.com/uk/stock/BRBY/
Burberry looks to US to offset HK decline Luxury group’s growth in Japan limited by lack of appropriate retail space
Burberry Group broker views Date Broker Recommendation Price Old target price New target price Notes 02 Feb Goldman Sachs Conviction Buy 1,793.00 2,170.00 2,475.00 Retains 2475p SP TARGET
BRBY Burberry on the verge of a breakout. CEO was buying stock just a week or so ago. Ive copied her and gone long. https://pbs.twimg.com/media/B9KPR4OIYAARJY-.jpg
Shares looking good
It was an exceptionally bold and, indeed, courageous move to appoint the Creative Officer CEO. A first for a FTSE 100. Understandably, investors are nervous; they would almost certainly have preferred a 'bean counter'. However, this decision, albeit risky, could well turn out to be one of the most visionary appointments in the world of retail: Burberry, like all fashion companies, has to constantly 're-invent' itself in order to stay relevant. After all, what's IN fashion, will invariably go OUT of fashion. The jury is out but this could prove to be a very smart move, indeed. Still, the truly exorbitant pay package is jumping the gun: Whereas Sir Martin Sorrell has proved his mettle over many years at the helm of a company he built from scratch, Mr Bailey has no track record whatsoever. Investors are right to revolt! Agitated activists: http://pinkerspost.com/post.php
Don't know how i came across this share, Anyway i see a 5-10% drop happening over next few days...get the hell out or go SHORT.
As my last message said - Burberry are a totally different fish to the other clowns in the luxury sector like Mulberry. Unlike them and LVMH, Burberry's sales are massively up again across all regions, including Europe - and their focus on China is paying (literally) big dividends. I expect the share price to recover back to £14 now which is where they were before starting to be dragged down by everyone else's poor performance.
Burberry's sales mix by geography is totally different to Mulberry. In fact the similarities end with their names ending in 'berry'. Mulberry had a terrible 2012 - unlike Burberry, and so news of a slowdown in London for them is hardly something unexpected. Mulberry generate over 60% of their sales in the UK and less than 15% in Asia; Burberry generate 33% of sales in Europe (so a fraction of that in London) and 36% in Asia (and growing). If Asians stay at home to spend instead of London - Burberry are well placed, unlike Mulberry. As things stand Burberry has lost £235 million of value today.....makes sense of the back of this news relating to another company with totally different dynamics? No.
rumour is starting to do the rounds... ;-)
Stacey Cartwright, the out-going Chief Financial Officer of fashion label Burberry, has sold 61,171 shares at 1,363.30p a time, pocketing 833,944 before tax, it was revealed Friday. It was announced earlier this week that Carol Fairweather has been appointed as Cartwright's successor. Fairweather, who has been with Burberry for six years - most recently as Senior Vice President of Group Finance, will take up the position ahead of the group's annual general meeting in July 2013. Prior to joining Burberry, Fairweather held senior finance positions at News International and Shandwick.
After the recent market rally, cautious investors have been looking for a reason to sell. The board changes provided this and that's why they sparked a fall of more than 6 per cent. This slide looked overdone, the Sunday Telegraph's Questor team says. With the shares trading on a current year earnings multiple of 20, it is in-line with its peers, so Questor says it keeps a hold.
Investors in luxury goods group Burberry endured a case of the jitters last week after the company unveiled a series of boardroom tweaks. However, the group's strategy is unlikely to change. Investors were already concerned about a slowdown in growth for upmarket goods groups and after the recent market rally they were looking for an excuse to sell. As well, an improvement in the US and Chinese economy could mean that the slowdown is not as severe as feared. Asia and the US each account for about 25 per cent of the 280bn dollars (177bn pounds) global luxury goods markets and economic data from both regions have been good.
Burberry, which has 68 stores in 35 cities across mainland China, saw shares fall 5.84% to 1,346.5p by 16:00 on Thursday. The company is heavily exposed to the fast-growing Chinese luxury industry, which accounts for around 40% of retail sales across its whole Asia Pacific division. On Thursday morning, Burberry appointed John Smith, the former head of BBC Worldwide, as its new Chief Operating Officer. The firm also announced that Chief Financial Officer Stacey Cartwright would step down after nine years and be replaced by Senior Vice President of Group Finance Carol Fairweather. Shares in French luxury brand LVMH and US jewellery firm Tiffany & Co were also out of favour on Thursday.
Shares in luxury brand Burberry were hammered on Thursday as the company announced a series of boardroom changes; but market chatter was also putting the sharp fall down to the move by China to scale back luxury advertisements. China's media watchdog, the State Administration of Radio, Film and Television (SARFT), this week claimed that some radio and TV commercials were publicising "incorrect values and helped create a bad social ethos" by encouraging people to give expensive luxury items such as watches and gold coins as gifts, according to state-run news agency Xinhua. China's Global Times said that broadcasters have been ordered to stop running adverts that promote gift-giving, which is sometimes used to gain favour with officials. Ad agencies have been asked to change ads that do not meet the rule. "Unqualified advertisements will be stopped from being broadcast until they are modified", a member of the advertising department of Zhejiang Satellite Television told the Global Times.
looks a good time to grab a few, chart looks lovely now for a buy on the lower line of the ascending channel
Burberry: HSBC increases target price from 1300p to 1500p maintaining a neutral rating.
At that time, Angela Ahrendts, Chief Executive Officer of Burberry, said the increase in group's underlying retail growth in the third quarter had benefited from a particularly strong week in the run up to Christmas. She additionally stated: "We expect the external global environment to remain challenging, but see continued opportunities to drive productivity in our existing business, while investing for growth in under-penetrated regions, product categories, channels and mediums." Burberry's share price was down 1.10% to 1,351p at 11:15 on Wednesday morning.
Pascal Perrier has sold 30,000 ordinary shares of five pence each in Burberry for 1366.8p, according a statement issued by the company on Wednesday morning. The sale, which amounts to £410,040, was recorded under the description of a "Person Discharging Managerial Responsibilities". A current LinkedIn entry describes Pascal as "President Asia Pacific at Burberry" and Pascal is named by the same title in Burberry's 2011/2012 annual report. Earlier in January, Burberry published its third quarter trading update for the three months to December 31st. The upbeat results showed total revenue was up 9% to £613m while retail revenue was up 13% to £464m. The geographical breakdown of business performance in the group for the fiscal third quarter showed a 15% increase in retail and wholesale revenue in Asia Pacific to £242m compared to £210m in the corresponding period in 2011. This represented the largest increase out of all the company's geographical segments.