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

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