Watches Of Switzerland Share Discussion Threads

[gooseygander] 09/5/2024 10:53

Someone confident enough in the WOSG business to lend them the money ,says more than the actual acquisition, which is good in itself.

[tsmith2] 09/5/2024 10:33

decent acq'n

[the white house] 09/5/2024 10:32

Good timing here. Roberto will be 80 in July & likely feels like sipping an ice cold stress free limoncello with 1 billion lira stuffed his linen top pocket is a nice gift to himself & a preferable way forward in life now

[fuji99] 09/5/2024 09:52

Definitely a bargain ! Paying only $130 million for a well known company making $130 - $140 million and a profit margin of more than 20% ! This is amazing. I think Roberto Coin certainly wants some protection against any future uncertainty, thus why joining WOSG to remain under its protective umbrella group.

[warrenbuffet73] 09/5/2024 09:08

What a bargain 6 x EBITDA with ability to expand retail network and cross sell

Looking forward to results now. We must be doing well to back this transaction

[fuji99] 09/5/2024 08:49

Excellent acquisition for such revenue and great profit margins: "Roberto Coin Inc. achieved annual revenue of $146.2 million and profit before taxation of $30.1 million for the audited financial year ended 31 December 2022. Gross assets at that date were $87.9 million. 2023 preliminary and unaudited revenue was $138.7 million and profit before taxation $30.2 million."

[the white house] 09/5/2024 08:16

Looks decent, existing in house sale of the jewellery gives a lot of confidence in its potential worth & expandable value

[aishah] 09/5/2024 08:05

Added at the open:

Watches of Switzerland has bought specialist business Roberto Coin Inc for £130m as it targets growth in the luxury branded jewellery category.

Roberto Coin Inc is the sixth largest jewellery brand in the US by sales at retail value, and has approximately 400 points of sale in department stores, jewellery retailers, and independent jewellers.

[warrenbuffet73] 08/5/2024 21:11

It’s all about the watches

Forget the fashion clothing

hxxps://www.barrons.com/articles/forget-the-dresses-celebrities-pulled-out-wild-watches-for-the-met-gala-red-carpet-cbfc8614?mod=hp_PENTA

[warrenbuffet73] 08/5/2024 21:00

Shorts have reduced once again. Only 0.89% now

Risk/reward points to the upside

[warrenbuffet73] 08/5/2024 16:12

Totally agree

[fuji99] 08/5/2024 15:28

A good opportunity to accumulate more shares for a strong recovery and a possible takeover.

[warrenbuffet73] 08/5/2024 14:10

Bling has been in fashion for several thousand years

And today there are far more wealthy people than every year before it

I think a takeover possible. Maybe lvmh

[its the oxman] 05/5/2024 21:38

Just to chip in , at 330p I see this as more a buy than a sell. Always the risk u r buying too early and they fall again before things pick up , but longer term at this price they look a bargain. Fingers crossed interest rates fall and a recovery kicks in.

[wallywoo] 05/5/2024 16:22

I disagree. This is great value at these prices. Sure revenue will be flat this year, however, it grew 25% last year.


Share price is down this low for that reason, but everything else looks fine. The company since floating at 270p (2019), have;

1) increased revenue from £773m to over £1500m in that time. They have virtually the same number of shares in issue (don't offer lots of free employee options or shares to fund acquisitions).


2) have no debt and a £16m net cash position, from a £95m net debt position in 2019


3) have increased net assets from £200m to £500m+ over that time.


4) have a pe expected ratio of around 9 (worst case scenario), compared with 13 in 2019. (Pe just over 6 on last years profits).

5) plenty of capex has been invested each year to fuel growth, incl £70m+ this year (with no Increase in debt)

The lack of dividends is dragging down the shares imo. But this is still a great company and good value. They are well positioned to resume resume growth when the markets pick up. I am picking up shares at these prices for a recovery. Imho the bottom is in with these shares, but let's wait and see.

[pugugly] 03/5/2024 21:47

I think it could be that bling is going out of fashion.

[trying2trade] 03/5/2024 17:12

Used/second hand / pre-owned market has fallen quite a bit off just a little research. I'm watching this and Burberry's next results before possible opportunities to get in.

[spig69] 03/5/2024 16:41

I've been monitoring WOSG and did do a few trades but I think i'll wait to see the trading update as luxury items like this can cause a big drop in a company's shares if targets are missed. I'm not confident in their ability to maintain sales but I could be proved wrong and will probably miss the opportunity. Good luck to those who are currently holding though

[thisaintme] 03/5/2024 16:18

Shorts starting to creep up likely to be seen as red flags.



Forbes article (posted a couple of days ago) helps understand why that might be..

[warrenbuffet73] 03/5/2024 16:00

I thought the same

Odd

[jsg123] 03/5/2024 15:57

Why so weak on such a good day?
Has there been a broker note or something, seems odd, or just short leeches ?

[fuji99] 30/4/2024 16:03

16th of May Q4 - FY24 Trading Update. We shall see what progress this will bring.

[fuji99] 26/4/2024 14:51

Today Darktrace is taken over by Thoma Bravo, after AAL approached by BHP.
I am convinced many UK listed companies will be taken over and WOSG is a top candidate.
They are cheap.

At £8 a share WOSG market cap will only be £1.9B, targeting £3B sales in 2028.
DARK was taken over at £4.5B

[bigboots] 26/4/2024 14:19

Seen Goldman Sachs has just upgraded Watches to strong buy, £5.50 price target