I'm surprised to see there are no followers of Mulberry here given its meteoric rise over the last year or so - some people say it has a lot further to go but Midas of the Daily Mail says to tke some profits and sell half if you got in back in June - one to keep an eye on given its propensity to go up in a straight line almost

Sunday Newspaper Tips

Maybe selling to the Chinese , Arab's and Russian's as well

Mulberry Group plc has been 'nominated' by Shares readers in the Best AIM Company Achievement category. The Awards ceremony is tonight.

Nominations are:

Blinkx plc
H&T Group plc
Hightex Group plc
Mulberry Group plc
Nautical Petroleum plc
Rockhopper Exploration plc

Mulberry lifts FY forecasts after stellar Christmas
Thu 19 Jan 2012


Mulberry Group 1,575.00p +6.56%


LONDON (SHARECAST) - Global demand for Mulberry's upmarket handbags and leather accessories continued to defy the economic gloom as it announced full year results are now likely to beat earlier expectations after robust demand over Christmas.

Mulberry, which has 86 stores and concessions worldwide, saw strong growth in both the retail and wholesale businesses over the six week Christmas trading period.

Retail sales for the six weeks to 14 January 2012 rose 41% compared to the same period last year while like-for-like sales increased 35%.

Mulberry, which has seen particularly strong wholesale growth in Asia, said wholesale orders for Spring/Summer 2012 are currently up 35% compared to the Spring/Summer 2011 end of season total with more than two months of the selling season remaining.

Chairman and chief executive Godfrey Davis commented, "Trading during Christmas and the New Year has been strong and consequently the results for the year to 31 March 2012 are likely to exceed our earlier expectations."

Mulberry is expected to say this week it has sales of £170 million, a 38% increase on last year. A profit hike from 23m to 35m due to strong sales in Asia and international markets. Philip Dorgan of Panmure Gordon said '' Mulberry is one of our top picks for 2012 because we feel that it can deliver significant, sustained, top lined growth that will have leveraged impact upon profitability''.
18 new stores to open this year mainly in Asia.
The company has barely scratched the surface of its global potential.

The new boss of British success story Mulberry is set for a fashionable entrance when he delivers his first set of results on Thursday.

Frenchman Bruno Guillon, who joined as chief executive at the end of March, is expected to reveal a 50% surge in pre-tax profits to £35.4 million at the Somerset-based group as demand for its products overseas grows rapidly.

Investors will be keen to hear former Hermes managing director Mr Guillon’s thoughts on the business and how he plans to maintain growth in the face of slowing Asian economies.

Mulberry, which was founded in 1971 by Roger Saul and his mother Joan, has showed no signs of falling out of popularity after a successful launch of its Lana Del Rey bag, named after the platinum record-selling singer.

Philip Dorgan, an analyst at Panmure Gordon, said: “It is one of our top picks in 2012, because we feel that it can deliver significant, sustained top line growth that will have a leveraged impact upon profitability.”

Mulberry shares are 50% higher than they were a year ago and at 1950p it has a market value of around £1.2 billion.

Quite some chart!

Thats what I fear will happen to Asos the day it does not live up to expectations.

Only a matter of time.

The time has come... 1000p now

Preliminary results

FINANCIAL HIGHLIGHTS
· Full year results in line with guidance given on 22 March 2013
· Total revenue of £165.1 million (2012: £168.5 million)
· Retail revenue up 8% to £107.2 million, up 6% like-for-like
· Wholesale revenue down 16% to £57.9 million, reflecting European account rationalisation and destocking by Asian partners
· Profit before tax of £26.0 million (2012: £36.0 million), reflecting an investment in directly operated international stores and a contraction in gross margin
· Basic earnings per share of 32.2p (2012: 43.9p)
· Proposed dividend of 5.0p per share (2012: 5.0p per share)

OPERATING HIGHLIGHTS
· 17 new international stores opened, in line with plan
· Construction of second UK factory completed on 3 June 2013
· Enhanced product range including bags, small leather goods and men's accessories
· Established regional structure and invested in talent across the business

CURRENT TRADING AND OUTLOOK
· Retail revenue up 9% for the 10 weeks to 8 June 2013, like-for-like sales up 6%
· Modest growth in wholesale sales expected for 2013/14
· Three new stores opened since 31 March 2013; targeting 15 to 20 new stores during 2013/14

RNS profit warning sp down 26% @657p