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What happened here?
Yes i guess so, we havent had any trading updates re xmas sale period so hopefully soon. Lots of weird trades going on? by would anyone buy 1 or3 shares? What do you think?
£12.50/£13.00 is a fair price for now. Sitting right at a happy medium. Lets see how those results shape up before too long, amidst what is no doubt a recovering economy. £15 being solid is the next benchmark
Better late than never! The 88 code was a goodun! There was a big 100000 share buy yesterday am that kicked off this latest rise. GL
Because 1400p was too high, and a seamless run from 1000p to 1400p had to end at some point. A cooling off is healthy.
Any guesses why the recent dips? :S
2 x 88 codes/ buys/sells one at 2.30 and another at 4.25pm usually a code for big buyers , good rise next week hopefully.
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In short, very promising outlook or 2013, despite worrying economic climates, even in China. 2500 again is a way off for sure. The SP got carried away with itself for while, but our expansion program, and the decision to bring production of many top end items back to England in a new factory, is a great move, and well overdue. Mulberry are perhaps too popular for their own good now, so demand is very high, which led to many things being made in China and Turkey. Thats not what buyers want when paying for top end goods. Sure, make the Dorset or Antony, low end £300 bags in Turkey and China, but when you're paying almost £1000 for a Del Rey, no, its got to be made in England. China is the market we want to crack, and do the rich Chinese punters really want a bag which is made in their homeland? No, they want European style/class. You dont see LV, Gucci, Belenciaga etc making their bags in China, do you? Sure, the quality didn't fall when production moved East, but thats not the point. As most fashion fans will tell you. youre not buying a bag, youre buying a lifestyle/image. China doesnt conjure up fashion pinnacle images, does it? I fully expect to see 1500p this year at some point, backing up our constant, maintained rise from 1000p, since the end of Octobers supposedly 'poor' results, which caused a 1/3 to be slashed from the share price. The results were not poor, they were very good, hence we are back to the level we were then. Strong Xmas sales, and growing momentum should see us carry on as we've done since late Oct for a bit yet. 1500p should be our target for now.
What are peoples thoughts about MUL's prospects in the coming year? I think that with the continued expansion and the markets as a whole showing signs of life that this is well worth a Hold. I don't think we'll make the dizzy heights of 2500 this year, but the high teens is surely possible. What're peoples thoughts?
after close of business today we shall see what the interim results look like. I am fairly confident they will be fairly good but i guess the recent rise may not lead to any immediate push and perhaps a 'sell on good news'. Hav to wait and see
could have made another few % more if you had stayed in for a day or two longer.. but its the risk you take!
well done..gl if you invest again
ha don't remind me...
are not interest free..... massive myth.... wait until you get your annual statement!!
good luck both here and in uni, I never had the balls to invest my loan mainly due to my parents not supporting me (helped me learn about important the green stuff really is) but atb to you here, patience will give rewards here for sure. im out for now here but still on my watchlist for next few months.
I agree it is a good education. Wish you well. I find my kids are just starting to find money does not grow on trees so you are ahead of the game. Take idioms seriously, that's my advice. They help when you get greedy and think this is easy.
I would not recommend throwing my student loan into shares unless parent subsidy is a guaranteed option when things go wrong. If you are buying MUL then your student loan will not be buying many shares! I buy shares for my post two childrens' post university funds with some Nationwide Bonds paying 4.25% over 3 years. Assuming you got your loan in late September then you would have taken quite a hit in mid October. Good luck with this strategy. Putting the interest free loan in an ISA is a better plan especially with the free £50 off Santander which is more than I suspect you have made on MUL since the start of term.
That's strange b/c its illegal to import goods into the UK without a country of original label attached or stamped on the goods. Well that was the case few years ago and I don't think they have changed the law since. Some sellers will remove the label after the goods arrived but they shouldn't do that. Maybe they have placed the label in a place where it's very hard to spot.
75% v 5% fakes b/c LV are that much more desirable. Having said that I wouldn't use or buy a LV but I would buy a Mullberry only if they were all made in the UK. I guess Mullberry is missing out on customers like myself that buys Chanel and Hermes but is reluctant to spend money on a bag that could be made in China.
I have gone to John Lewis to look at the Mulberry collections. Inside some have labels printed in gold 'Mulberry'. Some bag styles have a tree logo next to 'Mulberry' and label attached a metal coin like tag which has serial numbers on reverse side. Couple bag styles only have 'Mulberry' printed without the tree logo and some don't have the metal coin attachment. Nothing stated where they are made. Sp perhaps they don't state 'Made in....' anymore. I had a Mulberry bought more than 10 years ago label did state 'Made in England' and attached to the coin like metal piece. Need this share to rebound strongly before I can afford another of these luxuries. Only have 340+ shares and nearly £2K down. Do you think the SP will go back to it's glory days??
I wouldn't spend £800 on a bag made in China, is Mullberry crazy ? I think they have already lost the plot with their prices inflated to match that of LV . Why would anyone spend the same money on a Mullberry bag made in China when they could buy a LV made in France?. They have a hand knitted scarf costing £900 on their site, I could knit that in a day and 6 balls of wool only cost less than £50. They must think their customers are sheep or idiot.
Thanks to those who support and agree that if Mulberry is to retain the exclusiveness and elite status it has to have labels 'Made in England' unless their marketing strategy is to for mass market. Then mass produce it will be cheap and prices lower not higher over time and long run the exclusive status will slower evaporate.. Just like Rolex - don't see them made in China or elsewhere. Let's me tell you mainland Chinese are very good copycats and if exclusive brands companies let them I won't be surprise you'll soon see them come up with same stuff, maybe a different label name and at huge cut prices. We have to also learn what happen to US economy - for the last 15 years or more almost everything is made in China and what is happening now to US economy? Hope Mulberry and other reputed Uk companies are reading this. Cheers
Sorry, having re-read the RNS it states that they are only weeks from the construction of their second factory in Somerset. They clearly know what the problem is.
I disagree that most people don't care if their bag is made in China. I have a few Mulberry bags which were bought pre-2006 and they don't say where they are manufactured. I went into John Lewis a few weeks ago as my husband was looking for a laptop bag; I was amazed that there was no Mulberry option to choose from. I asked the assistant who said that they can't carry every brand. There were no Mulberry bags on display either. Having been a supplier to JL over the years this had lead me to think that they must have received service issues on sub-standard goods imported and that isn't what JL is known for. The last line of the profit warning RNS stated that Mulberry are only weeks away from opening their second factory in Somerset. This issue of imported goods in my mind is a massive issue to the Mulberry brand. Only buy premium products if made in Great Britain.