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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Watches Of Switzerland Group Plc | WOSG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 6.40 | 1.90% | 342.40 | 16:35:02 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 334.00 | 325.40 | 340.40 | 342.40 | 336.00 |
| Industry Sector |
|---|
| GENERAL RETAILERS |
| Top Posts |
|---|
Posted at 15/3/2024 12:29 by pugugly The rich and uber-rich are down dressing to reduce the chance of being mugged. It is only some of the newly rich in high profile areas *such as sports, entertainment, influencers etc, and their WAG's or BAH" who are sporting bling. Very bad news for WOSG. |
Posted at 07/3/2024 14:16 by mountpleasant Budget tomorrow. Rumours of vat removal for travellers again. Would make wosg very attractive at this price...What about settled people.. do they not get a break on VAT? I think travellers get enough benefits. |
Posted at 05/3/2024 13:10 by trying2trade The best thing for WOSG would be the 10k for 30 year olds but I think the penny may have dropped that printing cash is a short term sticking plaster that covers and makes another problem worse in the long run. |
Posted at 05/3/2024 08:29 by babbler Budget tomorrow. Rumours of vat removal for travellers again. Would make wosg very attractive at this price... |
Posted at 11/2/2024 10:13 by takeiteasy A few souls yesterday in the rather lovely battersea power station shopping centre WOSG branch- scarey price for a £36k gold rolex on display.Not a holder but watching to see if anything picks up at all here. |
Posted at 28/1/2024 16:49 by sentimentrule WOSG too capex heavy. Possible refinance needed? |
Posted at 28/1/2024 10:44 by sentimentrule Rolex will sell good watches only though it’s channels. WOSG ain’t one of these. Big issue |
Posted at 27/1/2024 13:31 by sentimentrule Rolex stopping supply to WOSG! |
Posted at 29/8/2023 09:32 by donald pond No position here but Bucherer and WOSG have a similar turnover. Rolex may want to run their own mono brand shops, but might they not prefer to propose a merger of Bucherer and WOSG? Keep both brands, use WOSGs store expertise and close down any excess stores? |
Posted at 25/8/2023 16:17 by gusrezo I don't remember if some sell side analysts or the company itself has released the share of revenue from Rolex, but in the overall market, Rolex is around 30% according to Morgan Stanley watch industry report. So this is the minimum in the case of WOSG, probably higher.But the point is: Bucherer has 7 shops in London (it seems no other city in UK with shops), and 35 in USA (and 7 are non-Rolex monobrand shops).These are the markets with overlap. WOSG has 202 shops, 87 are monobrands. So probably more than 100 shops with Rolex licence. Anyone thinks Rolex is to get rid of WOSG? It would take years to get the real estate at the proper locations, refurbish it, etc. Rolex gets a higher ROIC from manufacturing, and WOSG net profit is less than 10% of revenue. WOSG has said in the past that its expansion in USA is being pushed by the manufacturers. Luxury watch brands has been reducing the number of distributors for years, but they are cancelling contracts with mom and pop shops, the same strategy that Nike is pursuing in order to boost its online sales... Unless Rolex is seriously dissapointing with WOSG customer experience, I really doubt the current relation is in danger. |
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