Watches Of Switzerland Share Discussion Threads

[tsmith2] 27/1/2024 20:12

that's not just b*ll*cks but utter b*ll*cks

[pugugly] 27/1/2024 18:35

Or could it be a flag the Rolex in doubt, and so delayed? Could be read either way - Or put on hold thanks to UK Gov disaster cancellation of VAT free shopping for tourists?

[takeiteasy] 27/1/2024 17:49

Implies they are still supplying Rolex?

hxxps://www.watchpro.com/rolexs-london-flagship-opening-delayed-until-2025/

Rolex’s London flagship delayed until 2025
Originally slated for 2023, the showroom will now open in 2025.
By Rob Corder
January 19, 2024

A three floor Rolex flagship, first expected to open last year on London’s Old Bond Street, has been delayed for a second time and the ribbon-cutting is not now expected until 2025.

Watches of Switzerland Group will own and operate the three-storey Rolex showroom, which is taking over a historic corner property previously used by Gucci.

[sentimentrule] 27/1/2024 13:32

Short this one hard. Fall was top of iceberg

[sentimentrule] 27/1/2024 13:31

Rolex stopping supply to WOSG!

[ayl30] 26/1/2024 08:12

Barclays pushing stocks in expensive markets today

[ayl30] 26/1/2024 06:44

Presumably because they expect the price to go up?

[mountpleasant] 26/1/2024 06:28

Why are Blackrock holding so much of this stock? nearly 5%

[trying2trade] 25/1/2024 11:08

You just copied his tweet...it's alright to hold your hands up and say you got it wrong. To get it wrong and try and seek some kind of excuse by saying you're not the only one. CR, a man scared of the future, change and absolutely terrified of the labour party apparently. Quite some rants he goes on.

[the white house] 24/1/2024 09:29

Whoosh & Dull

[pugugly] 24/1/2024 08:40

ts2 - Agreed - They are stealing your money.

[tsmith2] 24/1/2024 08:18

a steal at these prices

[mister md] 20/1/2024 19:42

Lol and when trading picks up within a few years and the shareprice is at 600-700p again they will raise their target to that level - total waste of space these brokers targets !

[ayl30] 20/1/2024 15:45

Re earlier comments about CR. Useful to remember others were cheerleading for them - not just CRThe IC in December had them as a buy and brokers as belowDec 8th SOCGEN RAISES WATCHES OF SWITZERLAND PRICE TARGET TO 864 (770) PENCE - 'BUYJan 19th SOCGEN CUTS WATCHES OF SWITZERLAND TO 'HOLD' (BUY) - PRICE TARGET 418 (864) PENCE Nov 8th GOLDMAN RAISES WATCHES OF SWITZERLAND PRICE TARGET TO 830 (800) PENCE - 'BUY'Jan 19th GOLDMAN CUTS WATCHES OF SWITZERLAND PRICE TARGET TO 555 (830) PENCE - 'BUY'

[spob] 19/1/2024 20:03

You can buy fake Rolexes now, that are so good, Rolex dealers can't tell the difference

So have to be totally daft to buy genuine

[mister md] 19/1/2024 15:42

Blackrock behind the excessive share price crash ?

[kinwah] 19/1/2024 12:35

I think the cheaper Rolexes issue may be due to Rolex HQ seeing much better demand in countries like France where high-spending tourists can shop VAT-free. The saving is £6k on a £36k watch which is significant. There is still healthy demand in the UK for cheaper steel watches from top brands like Rolex and Cartier. I can understand Rolex making decisions on which watches are selling better in different markets

[thebutler] 19/1/2024 11:23

The only people more stupid than those who spend tons of money on a watch, are those people who invest in a company which sells those overpriced time pieces.

[the white house] 19/1/2024 11:07

Back in @ 380 September for many reasons

[mister md] 19/1/2024 10:18

All this sudden negativity probably means the recovery has begun !
Now where are those director buys to get things moving along further ?

[onjohn] 19/1/2024 08:59

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Duffy said the company, which is the UK’s biggest seller of Rolex, OMEGA, Cartier, TAG Heuer and Breitling watches, had received a different mix of Rolex watches from the Swiss manufacturer than normal, reducing its average selling price.

Rolex sent the company predominantly steel-based watches, rather than a greater number of more expensive ones made of steel and gold.

“They produced more steel and less of the precious metal and that was a surprise to us and fairly late on in the period,” Duffy said. He added there was no change in the overall number of Rolex watches it received, and said the shift reflected a more conservative approach from watchmakers amid decreased consumer confidence.

It comes after Watches of Switzerland was buffeted last year when Rolex acquired rival watch retailer Bucherer, raising fears that Rolex could sell more of its timepieces directly to consumers.

Analysts at Peel Hunt said the quarter’s allocation “begged the question” of whether the relationship with Rolex was under strain. “Either way, the change in product mix was extremely damaging and will likely continue to be so,” they said


Rolex only giving them cheap ones

[mountpleasant] 18/1/2024 20:13

Tags are not as great as people think. I heard the profit margins are c. 30%.
Its like a chav wearing a Saville Row suit.