Watches Of Switzerland Share Discussion Threads

[fuji99] 16/5/2024 12:58

What is promising is that the US is growing very quickly. I wonder what will happen to its numbers if they will start exploring China and the far East ...
For the time being WOSG is only in UK/Europe and the US.
Japan, China, India, Australia etc. could be next.
China has more billionaires than the US, India catching up.

[fuji99] 16/5/2024 12:42

FY25 guidance upgraded to £1.67 - £1.73 billion = growth of 9% - 12% at constant currency. FY24 being 1.53 billion

Amazing how the Market Cap is only £897 million for a share price of £3.75, under £4 and a PE ratio = 7.3 when the average in the sector is more than 10 !!!
IMO any future offer not exceeding £2.5 billion or £10.5+ a share is a rip off.
WOSG is very cheap indeed.

[washingmachine] 16/5/2024 11:34

ham
Exactly my thoughts
What a trophy buy it would be

[aishah] 16/5/2024 11:32

@bigboots, do you have a link to Goldman's £6.50 PT?

[hamhamham1] 16/5/2024 10:36

Could be a takeover target whilst its still sub 700-800p IMO.

[bigboots] 16/5/2024 10:32

Watch for the directors loading up again. They were happy at £4.05 and £4.15, they are happier now down here

[tsmith2] 16/5/2024 10:25

it's a cracking long term hold

[bigboots] 16/5/2024 09:42

support around here .3.70, resistance exactly where todays top is, break from there , up to 4.50 +

[washingmachine] 16/5/2024 09:36

What’s the charts saying ?

[bigboots] 16/5/2024 09:33

Goldman upgrades to strong buy £6.50 PT

[fuji99] 16/5/2024 09:32

Goldman Sachs raises Watches of Switzerland price target to 566 (550) pence - 'buy'

[fuji99] 16/5/2024 09:11

Another UK company taken over. Will WOSG survive an approach with such excellent qualities ? ...

[eigthwonder] 16/5/2024 09:09

i think offering s/hand Rolex through such a trusted retailer brand is a masterstroke given the quality of the existing s/hand dealers

[fuji99] 16/5/2024 08:55

The peak of around £14.90 - £15 was hit in December 2021. Sales and profit were lower at that time, still in Covid 19 period and without Roberto Coin plus numerous new shops/boutiques opened all over the world since.
In fact, it is also better to own a luxury watch than solid gold. While the value of gold fluctuates and depreciates according to economic/inflation conditions, luxury watches hold their ground far better. Check out the prices of second hand luxury watches bought 10 years ago for instance compared to gold. IMO a luxury watch is an excellent asset to own.

[hamhamham1] 16/5/2024 08:27

What was the peak of this 2.5 yrs ago, when the turnover and likely profits was lower than we will get in the future?
It was 1500p!!!

[hamhamham1] 16/5/2024 08:26

Make that before 8.30 :)

[hamhamham1] 16/5/2024 08:20

400p before 9am???

[hamhamham1] 16/5/2024 08:02

388/322 auction... nice

[its the oxman] 16/5/2024 07:57

Thought the same about otb results yesterday ie they looked pretty good , and they ended down heavily. Hopefully market prefers watches.

[hamhamham1] 16/5/2024 07:55

Yep. 400p today me thinks.

[fuji99] 16/5/2024 07:38

Excellent set of results, better than expected in the US. All without any additional input from the recent aquisition.

[nov31] 16/5/2024 07:19

What's not to like....on this news the current share price is way oversold

[scepticalinvestor] 16/5/2024 07:17

Ok impressive. Far better than anticipated

[wallywoo] 16/5/2024 07:14

Much better cash conversion than expected. Surprised that they can keep a net cash balance sheet after a large acquisition. Would expect a decent relief rally today.