Well right now luxary has taken a beating, there hasnāt been much orders and thatās just because the way the world is right now as China struggles etc, when the engines start properly turning I expect all the luxary brands to pick back up again.
So yes right now anyone buying is getting a heavy discount to what it was we shall see though, I think the earnings will take a beating but so has a lot of other companyās.
Hi again @Kiava nice to hear from you again hope your Christmas is going well. Yes I like this Company Iāve been onboard for a while now and my Holding are growing quite nicely and they are sitting at a good price.
All the best for the New Year
Heya happy Xmas to you :), and a happy new year when it comes. Iām not sure what or how much Iām allowed to say about said company. I have never experienced the insider knowlage role.
I donāt work for Burberry but I know exactly what they order along with other brands like hermes etc so I can tell how the company I work for does vs orders from them and combine it with the share price. The fact though that this has happened for centuries shows it always comes back.
Hi All just received my Dividend payment and it was a good one,
I have been filling my trolley with BURBERRY Shares throughout last year and thay paid me back big time, I do like this Company
Iāve just started a position in Burberry and intend to build it while the shares are relatively low.
Profits are down because their main market China is struggling at the moment. However the fundamentals are strong (high cash low debt) so they will recover over time,
Iām guessing youāre not a Dec invester then. :).
Letās be honest itās not like Burberry are going bankrupt any time soon they have time to recover and assuming you have faith in the business you have an opportunity to buy at a discount.
I assume you mean dividend investor? Youāre correct im not I donāt care about dividends as I donāt need the income itās all about total return.
People get too hung up on dividends, yea they are a nice to have but I wouldnāt buy a share that has no positive outlook just because it has a nice dividend.
There are verious forces at play here across the Global Markets, Chinaās struggling economy is a major factor as they are one of the main markets for BBRY. The high interest rate and fluctuating currencies is also having an impact on things, This Company is not going bankrupt anytime soon with an excellent balance sheet coupled with minimal Dept the shares will
Rebound without a doubt in my mind as I have said, I like this Company and am happy to continue to invest in them. You pick your Horse, and take your chances.
I go long on most of my Holdings and whilst I may lose money in the short term as @Coolsmp pointed out it comes out good in the long run.
Intrestingly enough their are up this very morning
So there you go
I follow some guys on YT that started a position on BRBY.
You can see their video bellow, commenting on the earnings call. I personally donāt have a position with BRBY.
Iāve just bought another chunk of these this morning. Itās still my snallest holding by far but I will definetely continue to buy at these prices. Did you know at these prices the dividend yield is higher than Lloyds?
Looks like a nice end to the week anyway.
From what I can remember Burberry is a cash rich business so I wouldnāt worry about the dividend disappearing. You never know we might even see some buy backs
Ok looks like I was wrong here. I can see lower profit than last year (Ā£468m) and lower free cash flow. Also a marked increase in net debt. Looks like the 400m buy back was not the best use of funds. They have kept the dividend though which is good.
Now in my opinion is a good time to buy into Burberry buy them when they are cheap and ride the profits I say. Thereās no reason why in the next year or so we canāt hit 20 per share again
In my opinion BBRY is still a solid investment.
Presently they are going through a period of Readustment and revaluation, Globally they currently employ some 10,000 and under present climate are considering a reduction in the present workforce by some 400 via offering Redundancy.
A fresh look at their current product line up plus introduction of New lines is taking place.
BBRY is paying a good Dividend and even with a possible Dividend payment reduction is still a sound investment especially at current prices £8.43 at time of writing. No investment can be predicted or guaranteed however BBRY have done well for me so far, let me know your thoughts.