Updates

Mulberry - Trading ahead of expectations

May 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Mulberry, famous for its luxury leather handbags, said full year revenue and profit is expected to be ahead of expectations in spite of increased marketing spend as the robust sales trend in H1 continued throughout the second half.Net cash is expected to be in excess of £20m. Results will be declared on 29th June.I wrote about Mulberry around this level last October and while the shares have been sleepy the ramped up marketing suggests demand is robust and there could be further upgrades. I am holding for that. ...

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