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Results: MUL

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Mulberry and Burberry have similar sounding names…but I have very different views on the respective shares

Eight months of so ago I observed that in a choice between Mulberry (MUL) and Burberry (BRBY), from an investment perspective I much preferred the latter. And that has worked out year-to-date, as the former is down over 20%, whilst the latter is up over 15%. How do I feel after today’s Mulberry “results for the twenty-six weeks ended 1 October 2022”?


Positive news from Rio Tinto and Mulberry… but obviously I am still much more of a Burberry man

As discussed last month, I am a fan of Rio Tinto (RIO) beyond massive dividends. It was, therefore, pleasing that it today announced it has “completed the acquisition of the Rincon lithium project in Argentina for $825 million, following approval from Australia's Foreign Investment Review Board (FIRB)". It makes sense for it to be beyond just iron ore, even if the shares are a touch down today.


Good job (again) by Next, but what about Mulberry?

Did you see the comments from Next plc (NXT) today? You have to be impressed by the comment that ‘sales during the last eleven weeks have been materially ahead of our expectations and, as a result, we are increasing our profit guidance for the full year’. I have not chased the stock for a while, but it is kind of impressive to see it back to the eighty quid share price level again.

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