Sales in mainland China had been affected by ongoing lockdowns. In July, with the first-quarter trading update, the company delivered an encouraging outlook statement. And as with all my recent stock purchases, I’m looking beyond the short-term economic challenges the world faces. The company operates as a global luxury goods manufacturer, retailer, and wholesaler. And my shares sit in my account as part of my diversified long-term portfolio. Luxury goodsįinally, I decided to take a little slice of Burberry ( LSE: BRBY) into my portfolio recently. I see the valuation as attractive despite the cyclical risks inherent in the sector. And the anticipated dividend yield is about 4.3. Set against City analysts’ expectations, the forward-looking earnings multiple is just above four for 2023. But he pointed to a “buoyant” tender pipeline across drilling, mining, and laboratories as a reason for optimism. However, he expects some seasonal slowdown through the third quarter. And looking ahead, the directors raised their revenue guidance for 2022.Įxecutive chairman Jamie Boyton said the underlying demand in the market is “encouraging”. ![]() Last week, the company posted a robust set of interim numbers covering the period to 30 June. The business earns its living providing drilling, mining, maintenance, and geochemical laboratory solutions to customers in the minerals industry. With the share price near 91p, the market capitalisation is around £174m. I’m also holding mining services company Capital (LSE: CAPD). However, the company doesn’t currently pay a shareholder dividend. Meanwhile, the price-to-earnings rating is running around seven. And I’m looking forward to the half-year results report due on 30 August to learn more about operational progress. Nevertheless, I’m happy to own some of the company’s shares for the years ahead. ![]() But, as with all businesses, there is no guarantee of further growth in the current year with all its economic and geopolitical challenges. In March, the company delivered a pleasing set of numbers for the 2021 trading year and an upbeat outlook statement.
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