Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Do we think this sp will recover over the next few months or is there further to go?
basically out of the 60 million shares there is only 5 plus million tradeable so the mm dont have a big stock of them to give auto trades so its hit and miss if you can get a qoute it took me 30 mins so i got out with a profit ,
given that 94%of the shares are owned by 3 major share holders it might as well be a private business and delisted.
Tryied to sell at 9.15 but no quotes available. Makes you wonder what is happening.
i got out with a fair profit but its just impossible to trade due to the lack of shares available gla
I'd agree with that hope for the latter but no guarantees
i have have done a little digging there is only about 8% of the shares in issue to trade 91% is owned by the 3 major shareholders and 750k of shares to the ceo the value here is its potential in the asian market but how the mm put a value on it is anybodys guess its been in the 1100s ill take my chances in the low 400s gl in actually getting some ,
the spread is the big put off.
the spread is silly its almost not tradable but it does close up to within a few pence at times still to many wild movements up and down ,but does the rns warrant the drop in sp i dont think so and calm and sense will prevail within a few days.jmo
seems a bit harsh 350 a rebound to 450/60 is my bet time will will tell gla
I think it may drift further and test 350 this week.
i managed to buy 1000 at 430 as a punt
i think they're heading in the right direction, if their bags catch on like they did here then this will rocket. If they don't on the other hand it will stagnate like the UK retail market. Good thing with brands like this is they will sell online just as well, because it's a brand it can't be undercut by the internet!
Mulberry is setting aside £3m to cover the cost of House of Fraser's troubles. Mulberry operates 21 House of Fraser concessions, employing 88 people. It was owed about £2.4m when the department store collapsed and fell into administration.
Mulberry, whose handbags cost around £1,000, makes more than 70% of its revenue from the UK and that is why the £3m investment in South Korea joint venture will move its reliance on the UK.
A new, joint-business entity in South Korea with SHK Holdings where Mulberry will own 60 per cent of the new venture and will invest £3.1m of a total £4.6m to “purchase assets and develop the business”. Mulberry Korea, which will become operational this autumn, will be headquartered in Seoul will help the flat sales in the UK as seen in the retail sector (House of Fraser, Debenhams etc)
First impressions are that his designs suck, and that they are too far departed from the classic Mulberry style. What matters ultimately though, is how much the consumers like his designs, and how much they spend on them! As a consumer, if I wanted Chloe stuff, Id buy Chloe stuff, not Mulberry. As a shareholders, as long as those Chinese punters lap up the bags, game on. Ill probably sell up though and lose the shareholder discount card if the new designs continue to be shockingly un-Mulberry-like though. There's no point in keeping the share if its not generating profit and I dont want to buy the goods anyway.
will increase sales of handbags by both Mulberry and Burberry...both charts look defensive when compared with most of the Retail Sector; Mulberry directors and top personnel will benefit with share options and keep a tight rein on costs ( i.e the salaries of the shopworkers and those that work in their factories and in admin.)
from new designer next month..crucial time for Mulberry coming up....watch this space
may well be on the way to recovery with turnover markedly up on last two years; this may already be reflected in the sp and the spread is still wide with quote to buy around 979 p currently; maybe worth a buy on any weakness which is not impossible given current retail rout with blue chip retail down around 30%
may be a potential defence against several months of mild weather that has hit clothing retailers hard.
Luxury bag-maker Mulberry names Thierry Andretta as new Boss to head its recovery: Luxury bag-maker Mulberry has finally landed a new Boss, naming fashion veteran Thierry Andretta as its new Chief Executive to head its recovery.
Harriet did little for TC. The recession ending did plenty. Mulberry won't drop prices as such, they will just offer cheaper options. A Bayswater will still be 800, a Del Rey 1000 and exotic ostrich bags will still be 2k+. The people who can actually afford Mulberries will be able to spot the cheapskates a mile off though. They shouldnbe pandering to people who save up a year to buy a bag. For me the sales slowed down because everybody now has a Bayswater, and most of them did indeed save up 6 months for it! The recession lifting will see an improvement, like eveeything else in life. Bruno just took the fall for it. 1.5k for the more European double zip Bayswater was pricy too, and its this bags supposed failure that cost him, but then its the best made bag Mulberry ever produced. Ironic that you seldom see them. Also good news for those who have one.
Mulberry reverts to lower prices after new profit warning http://uk.reuters.com/article/2014/04/17/uk-mulberry-group-idUKBREA3G09020140417
Who they need is Harriett Green. She would turn things around quickly. It needs a woman's touch ! Surely she's done all she can at Thos Cook. Time to fly somewhere else....new challenge
Think topping up here last month was a good move and hopefully mulberry is heading back in the right direction, now that mr fancy pants has left! Mulberry ain't Hermes and never will be , better for it to have its own distinctive look and bring back the affordable range that was so popular . Don't forget u owe ur wife a bag this Christmas!
Let's hope Cara hits the headlines for her mulberry bags and not the clear plastic ones full of white powder.
Sorry for posting old info guys.