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So place d a very low buy order for a smallish amount in my ISA. 75p!! in next few days.
Do not expect it to take effect unless the market views it as a basket case.
Just Topped Up,,, any recovery this year Should see £5.75 a Share,,, a Solid Buy and Hold interest rates will start to Fall Soon and it will help to move back into profit
It does look like it will frankly....
50/60p coming?
Brave buying here as balance sheet will be getting worse
This still looks expensive
Where have all the investors gone from here??
The spread on this share is huge, I have had a buy order sitting at £2 for ages.
I am patient...... but also happy to move on if it doesn't hit.
GLA
Mulberry has rejected Ashley’s efforts to join the luxury handbag retailer‘s board, Ashley’s Frasers Group owns a 36.8% in the business
Not looking great for them. They need to exit the UK possibly via a sale to LVMH or similar.
the current share ownership is the biggest barrier to them moving forward.
GLA
Mulberry slashed the final dividend after reporting a sharp drop in annual profits
(Alliance News) - Mulberry Group PLC on Thursday said that its results have been pushed back by about a week, but reassured shareholders that the delay has not arisen as a result of any concerns. The luxury goods company said its results for the year to April 1, due Thursday, have been pushed back by about a week.
Telegraph business today - “ It is understood that Mr Ashley’s lieutenants met Mulberry’s chairman and chief executive in recent weeks to request a voice in the boardroom”
Yes they need to focus on cash, but overall an 'okay' update and taking more control/ownership of the global business.
I was hoping for a bigger impact from the 'China reopen'. The statement made keeps their cards close to their chest.
I now have a small holding here and will buy more on any small dips.
Looking forward to them performing well over the next couple of years, there is also a small chance that they are taken over at some point.
GLA
LVMH posted record results Thursday, and expressed confidence that China's luxury market would bounce back this year as the country continues to reopen
Mulberry Group PLC 9.1% potential upside
https://www.***************************/mulberry-group-plc-9.1-potential-upside-indicated-by-barclays/4121098341
Luxury lifestyle brand Mulberry has opened its first standalone store in Dublin, expanding the brand's presence in Ireland.
Located on Duke Street, the new destination features interiors and furnishings inspired by the natural textures of the countryside
https://www.cityam.com/ftse-100-why-burberry-is-set-to-benefit-from-chinas-zero-covid-policy-u-turn/
Seems like luxury has done well over christmas, this should be reflected in results from the likes of Mulberry, pull back seems to be done now...Is this going to start moving up again?
Nice to see
I deffo spoke too soon there!
Seems to be steady now. 1 mm at 260 all the others selling at 290. Could jump back up nice and quick from here. Ridiculous fall in the first place.