Watches Of Switzerland Share Discussion Threads

[johndoe23] 30/6/2023 10:28

At least a large buyer sitting on order book.

[johndoe23] 23/6/2023 21:34

Let's hope there is one

[primarch1] 23/6/2023 13:48

Surprised a bid hasn't been made at this crazy price

[johndoe23] 22/6/2023 18:10

Well, I'd take 900p cash offer right now!

[johndoe23] 17/6/2023 18:14

If they can surprise to the upside in the outlook statement of the finals next month, the share price could rebound quite strongly. All ifs, buts and maybes but let's see what happens.

[montyhedge] 15/6/2023 17:26

Perhaps it me, but how do they make money on Rolex's, I tried four different branches to buy one, put your name on a list wait two years. It seems no new Rolex's for sale, only second hand.

[primarch1] 15/6/2023 16:04

Market overreaction like most good companies this is being dragged down with the miserable outlook,gets any cheaper and I'm sure someone will come bidding.

[johndoe23] 15/6/2023 14:22

Weak outlook Q1 this year, as per trading update

[takeiteasy] 15/6/2023 12:52

Any ideas what is going on here please?

[johndoe23] 02/6/2023 10:32

Lets hope so

[smackeraim] 02/6/2023 10:11

160 grand buy there before. main markets bouncy. might be the level

[johndoe23] 19/5/2023 13:47

Probably. Usual retail investor action of soiling pants over nothing!

[angersharkz] 19/5/2023 11:01

I’m wondering whether WOSG is being hit hard by markets this morning because of the news that the government are looking at banning imports of Russian diamonds and various previous metals to the UK?

I’m not sure how much expose WOSG has to this market but seems like a very loose connection to me.

[fuji99] 18/5/2023 08:44

BRBY hammered this morning despite excellent results and a dividend increase of 30% to 61p ! Amazing ! Probably the market doesn't believe the success will be replicated despite its business is starting doing well in China following Covid stagnation.

[martinthebrave] 17/5/2023 17:34

I would love to know what proportion of their market is down to it being used as an alternative investment as opposed to something the wealthy simply buy to wear. Anyone ever come across any stats? I still Hold by the way & have no intention of selling.

[angersharkz] 17/5/2023 12:16

I’m not overly concerned about sitting around waiting for what could or couldn’t be ‘the bottom’

If it’s intrinsically under valued and I can see it being worth double the price 2-3 years from now then why would I be sitting on my hands?

Some valuations of UK companies are worse now than during the 2008 financial crisis. Needless to say they recovered then and anyone that bought during that period would be very wealthy indeed.

History tells you, what goes down does go up.

[fuji99] 17/5/2023 11:57

I agree that WOSG is a GREAT company and the shares are a long term hold. But what I am talking about is a temporary market turbulence due to geopolitical issues and Covid after effects. In the long run, owning a Rolex watch is probably far better than owning its equivalent price in gold.

[montyhedge] 17/5/2023 11:52

Must admit I don't understand how they make money on Rolex, I went into a store to buy a new one, said we haven't got any, put your name on a list.

[henley2] 17/5/2023 11:50

So how many Chineses tourists bought a watch in one of their stores in the past 3 years?
Hardly any because they couldn’t travel due to Covid! This is a great business selling a supply constrained product to eager buyers. I’m sure that LVMH will probably come knocking on the door before too long.

[fuji99] 17/5/2023 11:45

AngerSharkz - The Chinese tourists visiting Europe are in millions. If their numbers go down, luxury goods and travel will suffer. Before covid they were more than 30 million visiting europe.
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Regarding property and cyclical in general, IMO, "the huge discount" and the "very low PE multiples" have not yet bottomed out as long as inflation and job threats remain high. When one sees inflation still hoovering around 10% and the likes of Vodafone laying off workers in thousands, it is not the time to buy any cyclical because the worst has yet to come.

[angersharkz] 17/5/2023 11:13

Fuji99 - but I fundamentally don’t agree with your assertion that the Chinese are the largest consumer of luxury watches in the UK and Europe. Have you got any links or evidence to back that statement up because I would say that is highly questionable.

If China invades Taiwan? That’s a big if and it hasn’t happened yet so I’d rather not procrastinate over something that hasn’t happened?

‘two sectors to be avoided are property and retail’

I strongly disagree. Now is an excellent time to be purchasing quality cyclicals given there’s a large portion of them trading at a huge discount and very low PE multiples.

[fuji99] 17/5/2023 10:47

Angersharkz: (Re. China) - If there is a slowdown in the rest of the world, many factories in China will lay-off workers - as exports will drop. The Chinese new middle class, mostly the main consumers of holidays and luxuries in Europe will not have enough means to spend. We saw how many unfinished properties were abandoned when Evergrande went into trouble. So if China invades Taiwan for example, it will be met with boycott of its goods by the west. The domino effect from China will touch every sector in the rest of the world.
Regarding the actual situation about inflation and high interest rates, two sectors to be avoided are property and retail as they are directly connected. Luxuries will still be OK but IMO there will be a slowdown if inflation does not drop quickly. Only the very rich would spend as usual but the middle classes will reduce their spending habits if their income is hit by high inflation and unemployment threat.

[gswredland] 17/5/2023 10:40

I think the market has over reacted here. Solid long term outlook and luxury goods are still sought after.
Good chance of a bid to!
Back in..

[bigboots] 17/5/2023 10:24

Move out of property into solid safe investments like watches. This has been all the rage for a long time now, and can only keep going as long as we have inflation