January trading update was very good,helped by opening new stores in Australia(Melbourne) and Malaysia (Kuala Lupa) plus stores in Hong Kong and Singapore. Trading update due again on April 14th,price is looking fairly good now, and i would expect April's update to increase the price again. As always dyor.

I have taken my profits at 3.5975p. If the price drops i hope to get a chance to buy again before 14th april. Good luck in whatever you decide.

Nice increase from 26th March, bid price up from 3.4825p to 3.7650p today. I could not get back in, well done those who stayed with it.

Burberry confident about future after raising FY underlying EBITA 16 pct UPDATE
AFX


(adds detail on infrastructue redesign plans)

LONDON (AFX) - Burberry Group PLC said it is confident about the future after it raised EBITA, operating profit before goodwill amortisation and exceptional gain, by 16 pct to 165.5 mln stg.

Pretax profit for the year from the international luxury brand 66 pct owned by GUS PLC was 164.4 mln stg, up from 140.3 mln.

Total revenues increased 10 pct on an underlying basis, 6 pct on a reported basis.

This includes an 8 pct rise in underlying retail sales, up 3 pct on a reported basis. Wholesale sales were up 9 pct underlying, 6 pct reported, and licensing revenue increased 19 pct underlying, 17 pct reported.

In the year under review, gross profit margin increased from 57.9 pct to 59.3 pct.

The group raised the final dividend by 50 pct to 4.5 pence for a total dividend of 6.5 pence, up 44 pct.

Chief executive Rose Marie Bravo said 'Together, we look forward to the current year with confidence while continuing to execute our growth strategies and launching a major infrastructure redesign initiative in order to generate value for shareholders over the long term.'

In line with the ongoing execution of its core growth strategies, Burberry's plans for the 2005/06 financial year include an approximate 8 pct increase in net retail selling area through the addition of new stores and concessions and expansion of existing stores.

Burberry said that, in the first quarter to date, consumer response to spring collections continues to be muted in certain markets.

It reiterated earlier predictions that first half wholesale sales will be broadly flat relative to the previous year based upon orders received to date for the Autumn/Winter 2005 season. It also said more moderate licensing revenue growth relative to the second half of 2004/05 is expected.

Revenues from Japan are expected to decline moderately for the year as a result of Burberry's programme to reduce selectively the distribution of certain products in this market, a soft apparel environment and planned licensee cancellations/transitions.

Global licensees are expected to continue to produce strong gains.

Burberry said its capital expenditures are planned to total between 35 and 40 mln stg in the year ahead.

Moving into 2005/06 and beyond, Bravo said Burberry is launching a major programme to redesign its business processes and systems, creating a substantially stronger platform to support the long-term operation and growth of the group.

It said the large majority of required capital is scheduled to be invested during the initial three years of the project. Over that period, the group expects to invest some 50 mln stg in associated expenses and capital expenditures, with approximately 18 mln invested in 2005/06.

In its third year (2007/08), the programme is expected to generate over 20 mln stg annually in direct expense savings across the supply chain and general and administrative costs.

Bravo said these benefits are expected to be greater in future years.

She also said costs associated with investment in new business processes and systems will affect reported earnings per share over the next three years.

However, she reassured that existing revenue growth and profitability enhancement initiatives, combined with the impact of the share repurchase programme should allow the group to continue to deliver strong underlying growth in EPS over the three year period.

newsdesk@afxnews.com

From 'UK Analyst', today:

Merrill Lynch raised its earnings-per-share forecasts for Burberry by 8% for 2007 and 2008 primarily to factor in the benefits associated with the Atlas project. The broker raised its price target to 475p from 430p and the shares added 2.5p to 410.25p.

chavs are ruining this stock...

Merrill Lynch raised its earnings-per-share forecasts for Burberry by 8% for 2007 and 2008 primarily to factor in the benefits associated with the Atlas project. The broker raised its price target to 475p from 430p

Broker snap: Burberry in line for massive upside
Date: 30 June 2005

LONDON (ShareCast) - Luxury goods group Burberry was started a buy at Dutch broker ABN Amro with a 570p price target.

ABN said the group has a strong brand name and flexible business, adding that Burberry can measure itself with the best luxury goods companies and the medium-term outlook is positive.

ABN said Burberry is undervalued suggesting that there could be a massive 43% upside potential to the current price.

Should one go short of Burberry that is the question?.

Their appears to be a breakdown through the stocks uptrend channel base line which acts as support. (see chart...ringed)

One could say the stock is about to hit oversold as per the stochs lower indicator but as you can see from recentish history it can remain oversold for a good while.

Their is a line of support at around 375p and ultra bears would be targeting this.

prob not, unless the market is going to start misbehaving again

465 would not be a bad entry point ..... BRBY's figures have been far stronger than the rest of their peers, so fall is looking unwarranted

shall consider making room for doing so

target entry price was hit yesterday intra-day, but did not have available funds .... good call though!

Wednesday will bring us a first-half trading update from erstwhile chav favourite Burberry . The share price has fallen back a bit of late, from a year high of 16 to around 12, but forecasts for the year are good, with 20% earnings growth predicted for this year and next.

The current price does put the shares on a forward P/E of 20, which seems steep to me. Still, I expect Burberry will still be fashionable when the Superdry brand is but a memory.

Burberry's shares have gone out of fashion rapidly in recent weeks, with investors afraid that the slowdown in Chinese GDP will hit it hard. The company once said that as many as a third of its London customers were Chinese tourists, but the company is expected to reassure investors that its sales growth in China has not been affected, and that though the overall Chinese economy is faltering, the rise of its brand-hungry middle classes is continuing unabated. Analysts at Credit Suisse (NYSEArca: CSMA - news) forecast that second quarter sales should increase by 27pc

burp aka brby have surprised a few - interesting share - tyler didnt buy very well though a few weeks back!

lol i meant tyler did well selling a few weeks back!!! he obviously knew something!!!!

Burberry maintains momentum in first half
StockMarketWire.com
Luxury brand Burberry Group reported total revenue of 830m in the half-year to end-September, up 30% underlying.

Burberry said retail momentum was maintained throughout half-year and wholesale and licensing were in line with guidance.

Retail revenue was 528m, up 45% underlying.

Comparable store sales growth was 16% (Q1: 15%; Q2: 16%).

Flagship markets including New York, London, Paris, Hong Kong and Dubai performed strongly and there was continued comparable sales growth of around 30% in acquired China stores.

Wholesale revenue was 248m, up 9% underlying, up 20% excluding China.

The group said continued conversion to retail and rationalisation of distribution will lead to mid single-digit % underlying wholesale growth expected in H2 2011/12.

Licensing revenue was 54m, up 4% underlying.

Burberry said core outerwear and large leather goods drove half of retail growth, while new initiatives including men's accessories and tailoring drove wholesale.

The group opened a net eight mainline stores with focus on flagship markets; capital expenditure still planned at 180m-200m in the full year.

Angela Ahrendts, CEO, commented: 'Our first half performance, with 30% revenue growth, clearly demonstrates the continuing global momentum of the Burberry brand, underpinned by consistent and balanced double-digit growth in retail and wholesale, all regions and all product categories.

'Looking forward, our focus remains on investing to drive growth and executing our innovative strategies in product design, digital marketing and retail, while being fully prepared to respond appropriately should we see any significant change in luxury demand.'

on Tuesday, we'll hear from Burberry , whose increasing popularity in rapidly developing China has provided steady growth in profits that has fed through to an eightfold rise in the share price. There are fears that the Chinese economy is slowing, but analysts are still forecasting a very good year for Burberry, even if the shares aren't screamingly cheap at around £13 and on a prospective P/E of 21.

yep burberry doing well - as luxury goods often do in times like these - would expect good news and this time the sp probably will not reverse - likely to exceed imo

Burberry reports strong third-quarter revenue growth of 21%
StockMarketWire.com
Luxury brand Burberry Group reported today that total revenue was £574m, up 21% underlying, in the third quarter to end-December, with retail revenue of £417m, up 23% underlying, and comparable store sales growth of 13%.

Burberry said flagship markets including London, Paris, Beijing and Hong Kong outperformed.

Core outerwear and large leather goods again drove half of growth, while knitwear, men's accessories and tailoring, fragrance and watches grew strongly.

Wholesale revenue was £130m, up 15% underlying.

Q3 deliveries benefited from improved supply chain and monthly flow of product.

Mid single-digit percentage underlying wholesale revenue growth is still expected in H2 as brand rationalisation continues.

Licensing revenue was £27m, up 12% underlying, driven by success of the Burberry Body fragrance launch.

Six mainline stores were opened including Paris and São Paulo.

Angela Ahrendts, CEO, commented: 'Burberry has delivered another strong performance, with a 21% increase in revenue in this important third quarter. Our investment in flagship markets and digital technology has enabled our global teams to continue to drive customer engagement, enhance retail disciplines and improve operational effectiveness, further strengthening brand momentum.

'Looking ahead, we remain focused on executing our proven core strategies to achieve long-term sustainable growth, while staying mindful of the challenging macro environment.'

..Burberry beats expectations with Asian sales surge

By Matthew Sparkes | Telegraph – 5 minutes ago
...

......
Luxury fashion business Burberry beat analysts' sales estimates for the last three months of 2011 as key markets including the UK, France and China defied the downturn and performed strongly.

Total (Other OTC: TTFNF.PK - news) revenue rose 22pc to £574m in the three months to December 31 over the same period in 2010, according to a third quarter trading update released this morning.

Retail revenue rose 23pc over the same period, driven by big gains of 36pc in Asia and 20pc in Europe (Chicago Options: ^REURUSD - news) , while America managed to grow just 4pc. But like-for-like revenue, which excludes any boost from new store openings, was up by a more modest 13pc.

Sales of coats and leather bags were strong and drove half of growth over the period, a statement released by Burberry said. Knitwear, mens' accesories and aftershave also performed strongly. Wholesale revenue also climbed 15pc to £130m and licensing income rose 12pc to £27m.

The sales figures show that the company's plan to survive the financial crisis by focusing on flagship markets has so far been successful. At the end of last year the company had 189 retail stores and 208 concessions, but said today that it would continue to press ahead with its expansion plans.

Angela Ahrendts, chief executive officer, said: "Burberry has delivered another strong performance, with a 21pc increase in revenue in this important third quarter.

"Looking ahead, we remain focused on executing our proven core strategies to achieve long-term sustainable growth, while staying mindful of the challenging macro environment."

Burberry shares fell 2pc after the announcement in early trading.

..