Watches Of Switzerland Share Discussion Threads

[mach100] 08/12/2020 16:27

Anyone with time on their hands could do worse than looking into this. Especially if it dips under 500p. You would have to be fast then before bargain hunters clock the fall.

[under the radar] 06/10/2020 13:46

BOR breaking out of triangle now and it’s up 19.7%

465mb of light sweet crude
No debt
Own 100% of acreage
BOD have skin in the game
Quick payback time
Under $35 a barrel costs
Could be a oil rim below Darwin
$2.5m enough to last 2 years
Mkt cap £3m
Potential 1mb total sourounding Darwin
Huge prospects on our acreage
Fairway play

Great news today about PMO merger for all Falkland companies.

Well worth tucking a few away imho


ATB and GL whatever you decide

[babbler] 06/10/2020 07:20

Nice results

[thomshrike] 09/9/2020 15:31

Maybe a bit too cynical, but LVMH looking for any excuse not to own Tiffany should raise the question why we should own WOSG.

[thomshrike] 14/8/2020 08:31

Hi Mach,
First of all: coming back to my previous comment, I now presume that indeed the consensus estimates were post IFRS16 (whereas the company guides pre IFRS16), so I stand corrected and it seems that there is indeed an implicit upgrade to FY21 ebitda consensus of around +5%.
And I do certainly agree with you with the business being adaptable to some extent to zoom meetings. In fact the company is even talking about experimenting with AR so that customers can remotely see how the watch will look like on their wrists. Additionally, even inside the stores, it is a business that works well with social distancing: low footfall and good conversion.
I would even add another positive, which is the fact that luxury watches work well as storage of value, akin to the recent rally of the price of gold.
It is difficult to evaluate if those factors are enough to offset the disappearance of the foreign tourist. Yes, their FY21 guidance is above consensus, but longer term comments were more sobering.
But clearly I agree with you in that, at least on relative terms, they have the conditions to do much better than the average listed retailer.

[mach100] 13/8/2020 22:55

Interesting suppositions there Throm and you may be proved right. Certainly the jump today may tempt profit takers tomorrow. What retail company incidentally that is not tech based or domestic household improvement centred would you expect to match 2019 sales in this Covid environment? I think actually as many retail outlets are just showrooms these days that online is where it is at anyway and WOSG is growing strongly. Cov19 has also increased disposible income as people have less and often no transport costs and no impulse or other buys of sandwiches and other lunches. I think WOSG watches would look particularly good on Zoom or MS Teams as I do an accidental stretch while speaking to inadvertently display my nice watch. May be a dip tomorrow but the company expects to be at the top end of guidance and that is no mean feat when you consider current disruption. Cov19 appears to be unwinding for now so perhaps we just have to adjust our watches to the new normal.

[thomshrike] 13/8/2020 10:50

The tone of the presentation is upbeat. The company managed to offset the weakness of tourist demand with pent-up demand from the domestic waiting list and a good e-commerce presence.

But on the other hand margins in the guidance are flat (most of the sales guidance beat probably comes from the pass-through of higher ASP?) and guided ebitda at the mid-point is actually below consensus (or is consensus post IFRS-16 numbers?). And the company says that it should not hit calendar 2019 sales before calendar 2022, which implicitly represents a material downgrade to consensus 2021 estimates. This probably means that offsetting the weak tourism demand will be increasingly difficult going forward.

Additionally, the company does not provide lfl numbers, even when prompted on the Q&A, which is very peculiar, especially as they did an acquisition recently.

Overall, I would say it was reassuring, but the performance today looks way overdone.

[ny boy] 13/8/2020 09:18

Yes it’s one to watch, so I put it on my watchlist, excuse the puns lol

[mach100] 13/8/2020 09:13

Great update and the market is now playing catch up. This hit 400p at one stage and though times are changed I am hopeful that the company can see higher levels than even today's jump as it has outperformed Covid and took appropriate actions to deal with the current challenges.

[newbytothis] 30/3/2020 23:51

I'll register my interest at 5pWonder if I'll get the call ?

[typo56] 10/1/2020 07:08

There's the placing. 360p.

[typo56] 08/1/2020 09:04

RFX today bodes well. Statement includes "Sales of premium watch brands such as Rolex and Breitling and our unique second-hand jewellery pieces also achieved strong growth."

I think we should expect a secondary placing in WOSG at some point this year, which will suppress the price.

[spob] 02/6/2019 16:54

yes I agree, what's the point except ..

I think a lot of these very expensive watches are given as gifts for bribes/money laundering etc


walk into an airport with a few grand in cash and you must be a money launderer or drug dealer

walk into an airport wearing a £30,000 watch and nobody bats an eyelid

[jonwig] 01/6/2019 06:54

I think spob starts threads just to watch what's going on. Why not, I do the same.

My main worry about this company is that they seem to be just a middle-man, and can be cut out by manufacturers. Plus, having a posh watch - what's the point?

[brain smiley] 31/5/2019 23:52

You on Mars?

[spob] 30/5/2019 18:41

ITF -


Prospectus -



1 Year