Member Info for IDoMyBest

FYI, BlackRock is not a hedge fund.

https://en.wikipedia.org/wiki/List_of_hedge_funds

It is a fund manager, much like Vanguard, M&G, Fidelity, it sells ETFs (via iShares) and investment trusts, etc, etc.

In short the holding in BRBY is likely to be holdings regards its various managed funds, ETFs or tracker 'funds'.

Note, they have well over 10 trillion dollars under management on behalf of their customers. So the investment here is basically 'petty cash'.

"Also on the decline again was Burberry, giving back another 4.5%, meaning that the stock has now suffered a month-to-date fall. The luxury retailer has endured losing months every month this year, slumping around 40% since the start of 2024. By market capitalisation, it is now the smallest FTSE-100 stock."

Looks like BRBY is certain to leave to FTSE-100 at the next reshuffle. September AFAIK.

Well, shorts seem to be increasing, and rumours of mass redundancies are in the news.

On the other hand, some geezer was apparently seen at F1 wearing a Burberry bucket hat.

Fortunately for Burberry his latest squeeze was not carrying a ludicrously capacious bag........

it's a Succession joke.

"Your post not aged well. BRBY already up 8p since then."

Aged like milk....

Re that CEO....

Why if he thought that the share price was going to improve sell almost half of the shares handed over to him as part of his package, trousering over £100k.

Yes, I know that is to cover for tax liability on the FREE shares. But that tax is unlikely to be paid until December of next year. As this years benefit will be in this years tax period 24/25, and you don't have to settle up until winter of 25/26.

He could have easily kept hold of all of them, and sold them when a recovery or heaven forbid that oft quoted takeover improve the price.

His lack of confidence in recovery, doesn't exactly fill me with confidence.

No need, I am not holding.

.....and those shorts are still increasing.

Increased again on July 4th.

Fund % Short Change Date Changed

Marshall Wace Llp 2.45% 0.20% 4 Jul 2024

Ahl Partners Llp 0.65% 0.14% 1 Jul 2024

Millennium International Management Lp 1.11% 0.10% 1 Jul 2024

Now 4.21% and climbing quickly.

One minute it’s a takeover as early as next week, and now it’s a recovery play.

They have been a takeover target for years, apparently.

If LVMH wanted it, then why wait for the brand to be trashed before buying. They could have bought it last year, out of petty cash. IMHO, if he wanted it, he'd already have it.

Also, asset light, they are dumping staff, not assets. They are still opening stores, they recently borrowed £300m @ 5.75%. Baa2 (moderate credit risk (9)), and not much above 'junk' (11). They were rated as 'positive' now rated as 'stable', it was revised down in May 2024.

Obvious to anyone that they are not 'looking' to be bought.

Also, the CEO recently gained 27,379 shares (vesting of awards), if he thought a takeover was in the offing he would not have immediately dumped almost half of them and trousered the £125k proceeds, would he?

Nah, takeover is wishful thinking.

Oh a tip regards the telegraph.....

Refresh page and quickly hit stop, then you may get lucky and see the whole story before the paywall loads.

Worked for me. ;-)

The source of that fortune article was.....

https://www.telegraph.co.uk/business/2024/07/06/burberry-prepares-axe-hundreds-jobs-profits-shrink/

Https://fortune.com/2024/07/06/burberry-laying-off-hundreds-stock-selloff-fashion-apparel/

"British fashion house Burberry is reportedly laying off hundreds of employees amid huge stock selloff."

Well, this is a bit of a pain, as generally announcing redundancies can be a positive move, re the share price.

Unfortunately for me, I cut and run on Friday, taking a loss. Simply put, I didn't fancy my chances for the figures due this week. Oh, and my wife saw this and asked whether we wanted to be 'bag holders'.

https://www.youtube.com/watch?v=CJUoQMNbA0g&pp=ygUTc3VjY2Vzc2lvbiBidXJiZXJyeQ%3D%3D

So, I'm not holding any......I don't really understand fashion, and I'd certainly not pay £320 for a dodgy looking hat......

https://www.dailymail.co.uk/tvshowbiz/article-13606993/Brad-Pitt-burberry-hat-silversone-formula-one-grand-prix.html

The question is, did I 'screw the pooch', or is this news (both bits, more the redundancies than Brad's hat), if confirmed going to be a positive or negative on the share price when/if it is announced.

I assume it will be confirmed on results day. I'll certainly be keeping my eye on the price.

Best of luck to holders.

p.s., not going short, not my thing.

With shorts still increasing (July 1 increases noted)), and the recent little bounce (3.5% yesterday and the 1.5% circa 8:30), I took a few off (25% of holding).

Fully intend to buy back if they should drop between now and the result of next weeks figures. Just attempting to reduce risk and or trade out of current loss.

I'm just being sensible........... rare event.

I will not be adding any more until after the figures, 19th July. Sometimes catching knives you get cut......I'm looking at a 6% loss, without the divvie it'd be closer to 9%.

Virtually every firm has now downgraded it to a hold and £10ish. I'd be happy to see £9 again. ;-)

As for the shorts, they will eventually have to buy back and return the shares. That said, I did well out of BT on the back of a short squeeze, it's a shame that I'm giving some of it back here (currently).

27 Jun 2024 BUY BRBY LSE 1,105 898.97p £9,988.30

In for a penny........ ;-)

...and I did buy more - 2,159 @ 916p.

Happy to load up, I have a target holding in mind, and I'm not even halfway there yet.

Regards the drop of a huge 50p, it's 5% and circa 4% of that was the dividend.

Would of been happy to see it go lower on that news, shame.

Regardless, I'll probably pick some more up tomorrow if they drop my more than the circa 43p divvie.

Seem to be a bargain @ well under a tenner.

Target for more sub 920p ex div.

The dividend tomorrow is 42.7p. The half year was 18.3p

The total for this year was slightly higher than 60p @ 61p.

I have decided to hang on to my recent trade and stay in for the dividend, will add if it drops much more than the expected 42.7p on Thursday.

Shame I didn't take advantage of Monday's blip up, and buy back yesterday, can't win em all.

Another pile of tripe you wrote on BARC (Barclays)

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"This dogshxt going sub a quid, maybe even to covid lows, with what is coming down the tracks for U.K., revisiting horrors of 1970’s shortly."

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It now appears to be over £2.

You really should take up washing cars.

When you wrote the following pile of tripe BT was trading at 104p

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20 Mar 2024 10:26

Why would anyone want to buy shares listed in a country where the great unwashed are stupid enough to vote for self harming brexit, net outflows every year since 2016, nobody to buy the shares, maths and facts I’m afraid. As for BT, it’s not undervalued, it’s a shxt debt ridden over regulated company and the new CEO will cut the dividend in half “ to pay for growth “, haha yawn. Terminal like U.K. plc and sterling in general. Tories have fkt the U.K.

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The CEO increased the dividend, Carlos Slim bought a stake, and it now trades at 139p

You would appear to have missed out on a 35% profit.

I suggest you try washing cars, it's likely to make you more than your share tips.

Ditto 2020 @ 985p

So far so good, I have managed to dip in and out profitably, one more try. ;-)