Watches Of Switzerland Share Discussion Threads

[hunter154] 10/8/2023 07:39

@Fuji, you mention China slow down as a concern.
Why does it affect WOSG?

If China slows down then surely more Rolex/AP will be supplied to US/Europe where their stores are? You still cant go into a UK store and pick up a holy trinity watch from store.

[saj3] 10/8/2023 07:09

All looks good new store openings and demand is outstripping supply at the moment

[johndoe23] 09/8/2023 16:58

Wonder if those two large trades were buys or sells?

[fuji99] 09/8/2023 15:46

Hi JohnDoe. Agree about the wealthy but they don't buy watches everyday. WOSG needs a boost from the middle class and others investing in watches instead in gold too. It will be interesting to see what their outlook will bring tomorrow. The only concern I have is the drop in prices and possibly margins, meaning they need to sell higher volumes to compensate.

[johndoe23] 09/8/2023 14:49

Hi fuji. Yes inflation is high etc, but do the wealthy really give a jot about that? At least their cash is earning at least 5%!Share price down around 11% now since update RNS. Call me a cynic, but I've noticed a couple of large buy trades gone through at this level, surely not the MM walking this down to fill those orders?

[fuji99] 09/8/2023 14:37

JohnDoe23: "Q1 update tomorrow, any thoughts?" - IMO regardless of how well they are doing at the present time, the future seems to be clouded by many negative factors: High interest rates, high inflation and China struggling economy. All this will be reflected in consumer spending if money becomes tight. So I am very interested to read their outlook for at least this year.

[fuji99] 09/8/2023 13:57

Will China deflation affect luxury goods prices ?
Deflation: Why falling prices in China raise concerns.

[johndoe23] 09/8/2023 11:35

Q1 update tomorrow, any thoughts?

[bridggar] 06/8/2023 14:19

I can certainly see dopey & grumpy.

[dmf] 04/8/2023 08:33

RETAIL
Secondhand luxury watch prices slump to near two-year low after a
pandemic run

[johndoe23] 02/8/2023 08:11

Clearly some posters here are short

[rippers79] 01/8/2023 21:20

What a load of guff

[pugugly] 01/8/2023 18:36

Future uncertain - Bling possibly going out of fashion - even the rich are feeling the downturn in the economy and cash piles built during Covid being eroded.

[bushfen] 01/8/2023 16:51

Maybe the MMs are looking for stock.

[hjs] 01/8/2023 13:19

Very strange that the share price drops when it issues an RNS about notice of 1Q 2024 results! Why would one want to sell when the future results are going to be good to very good!

[bridggar] 31/7/2023 12:42

What on earth are you on about?

[tudes100] 31/7/2023 02:09

hxxps://www.watchpro.com/corders-column-fight-for-patek-philippe-allocations-goes-all-the-way-to-the-top/

[tudes100] 31/7/2023 02:03

hxxps://www.watchpro.com/exclusive-patek-philippe-reducing-global-retail-network-by-30/

[pugugly] 30/7/2023 08:10

Who wants to wear an expensive piece of bling on their wrists? Possibly only the New Rich wanting to parade their wealth and advertise that they have made it (often only temporally).
The old rich (or wiser) tend to keep a low profile and also are well aware that if they wear too much bling they are at an increased risk of being mugged for it and the bling being stolen.

However provided there are enough New Rich especially in countries where Face is deemed critical WOSG should profit - however with a global crackdown on backhanders one significant sales channel is being restricted -This also applies to many other "luxury brands" Especially true in the case of PEP's where bling might trigger an investigation as to how the bling was obtained.

[spwh100] 29/7/2023 22:55

Somewhat surprised with the recent share price movement here, considering WoS have lost the concession to sell Patek Philippe watches from all its UK stores except Regent Street.
The Manchester store will be converted to an exclusive AP salon, so maybe they are switching brands

[bridggar] 19/7/2023 10:30

Nice rise recently. Dont see any reason to sell below 9.00 though.

[julian1000] 14/7/2023 14:28

https://www.ii.co.uk/analysis-commentary/stockwatch-growth-share-thriving-our-obsession-status-symbols-ii528556

[gswredland] 13/7/2023 16:18

Thanks for posting km

[km18] 13/7/2023 15:11

Watches of Switzerland Group plc posted another impressive set of FY results this morning. The Group recorded another record year of revenue, profitability and RoCE, and is entering FY24 well set for further growth and significantly ahead of the Group’s Long Range plan. FY23 Group revenue was £1,543 million, +25% at reported rates, statutory operating profit was up +26% to £179 million while Return on Capital Employed increased 50bps to 27.9%. Despite the current fragile macroeconomic sentiment FY24 guidance remains unchanged for revenue £1.65b-£1.70b and stable adjusted EBIT margin, implying statutory profit growth of about 9% next year. Valuation looks increasingly reasonable again following a 30%+ share price correction through 2023 so far, forward PE ratio at 11.8x is mid-range for the speciality retailers. Share price lacks some near term momentum and macro risks are the main cloud for consumer cyclical spending. But the longer run investment case remains solid and entry levels look reasonably attractive. BUY....

...from WealthOracle