Watches Of Switzerland Share Discussion Threads

[eigthwonder] 25/8/2023 10:07

Can't believe the poor grasp of the english language in the title of the RNS

[babbler] 25/8/2023 10:06

Well someone took £1m in the drop earlier at 514

[babbler] 25/8/2023 10:05

Successful launch of US Rolex Certified Pre-Owned in mid-July. Encouraging early client engagement and trading. On track to commence UK Rolex Certified Pre-Owned in September 2023

[se81] 25/8/2023 10:05

Can't help but think Bucherer is safer in house- imagine if Mike Ashley got his hands on it?!

See if management put their hands in their pockets- they will probably have the best inclination re the relationship in the near future (longer term who knows eh?)

[babbler] 25/8/2023 10:05

They bought it to prevent someone flouring their rules yes. Don't buy it I couldn't care less. Below £5 was a gift.

[kinwah] 25/8/2023 10:01

The lady doth protest too much, methinks. There is no doubt that luxury watch manufacturers in an ideal world would like to control their own retail distribution to maintain pricing levels. However I probably agree with WOSG that there isn't going to be any significant short-term impact. Cartier offer an 8 year warranty with free servicing every 2 years which is a good way of getting their customers coming back into the stores and tempting them with another purchase. Maybe WOSG in the future will need smaller brand specific stores to keep the manufacturers happy rather like car main dealers.

[disc0dave45] 25/8/2023 10:01

"market falling apart"Sorry but don't buy it, so Rolex bought their largest independent retailer to stop someone else buying it and telling Rolex: sorry we don't want to sell your watches!....mmmm

[babbler] 25/8/2023 09:52

If you say so.

[salpara111] 25/8/2023 09:48

Thanks Babbler, its nice when someone posts something useful on a bulletin board!
I do feel more comfortable having read the article.

[the white house] 25/8/2023 09:41

Inaccurate and illiterate

[babbler] 25/8/2023 09:27

Read that article I posted. Sheds light on what is happening and how it was done by Rolex to prevent the fragile market falling apart. Good read.

[babbler] 25/8/2023 09:26

https://twitter.com/BabblerBestBets/status/1694989134002049110

[jaf111] 25/8/2023 09:20

Bring back that takeover bid / rumour…….

[salpara111] 25/8/2023 09:18

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!

[sahina123] 25/8/2023 09:16

Huge buys at 100000 and couple 50000.small trades keeping price low

[disc0dave45] 25/8/2023 09:14

No reason that once the competition regulator gives the green light that Rolex's non-operational involvement could drastically change. They are likely to push all their exclusive watch ranges through the 100 stores, why wouldn't they?. So IMO one way or another it could have significant impact on WOSG.....this was always the biggest risk to their business, cutting out the middleman.

[quidzinn] 25/8/2023 09:11

Maybe septic investor is mixing WOSG with Watchfinder .....

Q

[mbdx7em21] 25/8/2023 09:11

thank you for the opportunity mr market. A quality company with fantastic growth opps

[babbler] 25/8/2023 08:48

Not an internet retailer so your comment shows how much research you have done.

[oakville] 25/8/2023 08:48

Over reaction.

[babbler] 25/8/2023 08:46

There will be no change in the Rolex processes of product allocation or distribution developments as a consequence of this acquisition.All of the above is reviewed and confirmed by the highest level of Rolex management at Rolex HQ in Geneve and locally in the UK and US.

[babbler] 25/8/2023 08:45

Plus goldsmiths.also sell 2nd hand . Ah well a nice op

[scepticalinvestor] 25/8/2023 08:43

Oh dear, another internet retailer bites the dust

[oakville] 25/8/2023 08:42

2.30pm when the States opens trading worries me.