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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
|
|
|---|---|---|---|---|
| -13.60 | -3.89% | 336.00 | 16:35:03 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 349.60 | 333.40 | 349.80 | 336.00 | 349.60 |
| Industry Sector |
|---|
| GENERAL RETAILERS |
| Top Posts |
|---|
Posted at 20/3/2024 08:57 by primarch1 Very bought in too early hoping this might recover after directors dealing |
Posted at 05/2/2024 14:28 by fuji99 Yes. 8th of Feb. |
Posted at 25/8/2023 17:28 by elsa7878 FWIW.A broken clock is, famously, right twice a day. But in this watch-making intrigue, Rolex and the markets cannot both be right. The Swiss company, whose pricey creations grace the wrists of financiers and celebrities, insists that Bucherer – a 100-plus store chain of jewellery and watches – will remain independent. The stock market, on the other hand, seems to believe Bucherer is a stepping stone for a Rolex move into direct-to-consumer selling. Investors in Watches of Switzerland – where Rolex products account for over 50% of sales – are a case in point. Their company’s shares lost more than 20% of their value on Friday morning. That prompted WoS to put out an odd statement containing a stronger denial of Rolex’s alleged direct-sales strategy than the Swiss group’s own communiqué. The luxury watchmaker has good reasons to contemplate retailing. Relying on third-party shops means less control over brand execution and increases promotion and discount pressure. To do so, admittedly, will take time. Bucherer owns just over 100 stores globally, compared to WoS’s about 200 shops around the world. Besides, Rolex stresses that it will not be involved in Bucherer’s operation directly. In that context, Friday’s slump in WoS shares looks excessive. In the long run, though, those ambitions are a threat to WoS and other watch retailers. Rolex could easily acquire WoS. After Friday’s share price drop, WoS is valued at around 1.6 billion pounds, or 6.1 times EBITDA in the year to April 2025, using Refinitiv data. RBC analysts estimate that a buyout could be done at a multiple of 9 times, implying an enterprise value of 2.5 billion pounds. That’s a modest sum relative to the enterprise value of 4 billion Swiss francs that Vontobel analysts believe Bucherer is worth. RBC analysts estimate Rolex generated 8.8 billion Swiss francs of revenue in 2022. Putting that on the 3 times multiple of Richemont (CFR.S), its closest listed peer, would give Rolex an enterprise value of 26 billion Swiss francs. If WoS’s value keeps dropping, its shareholders might find that being gobbled up by a direct-selling Rolex is their best, and only, idea of a good time. |
Posted at 25/8/2023 09:18 by salpara111 Well as someone who is a recent investor and now substantially underwater I'm really confused as to what to to here.WOSG claims that it will not affect their business but clearly the market does not agree! I guess it will take some time to find out, not sure if I should buy more/sell/hold. I wasn't expecting such excitement for a Friday morning! |
Posted at 25/8/2023 09:11 by quidzinn Maybe septic investor is mixing WOSG with Watchfinder .....Q |
Posted at 04/7/2023 09:52 by fuji99 In their website it says 13 July. |
Posted at 19/5/2023 13:47 by johndoe23 Probably. Usual retail investor action of soiling pants over nothing! |
Posted at 16/8/2022 11:11 by bothdavis Why 'Oh dear....not good'.... Septic Investor?31% rise NOT GOOD!! |
Posted at 15/8/2022 17:30 by deanmatlazin Shore Capital initiated coverage of Watches of Switzerland on Monday with a ‘buy’ rating and 1,200p fair value."Of our UK retail coverage, we would argue that WOS offers one of the highest levels of protection from the decline in consumer sentiment," the broker said. "Investors have the prospect of high returns given the group’s relationships with luxury watch brands and the retail consolidation via its geographical expansion, with international now 35% of revenues." ShoreCap said that in a highly fragmented sector, WOS’s almost 100 years of experience has translated into strong growth as a listed company. It noted that over the past three years, the company has tripled EBITDA and doubled operating margins, "a testament to the strong impact of the group’s CEO, Brian Duffy". "We believe these credentials position the company to be the ‘partner of choice’ for watchmakers, which should fuel growth over the coming years," it said. Hope for a big bounce tomorrow. target £12. |
Posted at 22/6/2022 13:25 by fuji99 The situation and atmosphere are complicated by the non-ending war in Ukraine, meaning nobody can predict what's going to happen if there is escalation. Adding to this is the piling proof people are feeling the rising inflation which is not just a blip. So all world economies are bleeding slowly but surely. For the long termers (over 4/5 years), the stock is a very good investment. For the short term investors, we could be dragged down further as I cannot see any positive indicator to avoid a recession. So IMO the whole markets will drip lower month after month and we could remain in a bear market for at least 1.5 to 2 years - Assuming the Ukraine conflict is solved by them, which is doubtful as long as Putin remains at the helm. |
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