Watches Of Switzerland Share Discussion Threads

[jsg123] 22/5/2024 10:14

Wtf is going on here today, can only be those shorts.
Volume sold and 5% down does not correlate

[wallywoo] 19/5/2024 08:50

If you look at their revenue forecast for 2025, you will see that wosg are forecasting very little growth in this year.


The revenue in 2024 was £1.538B, and they are forecasting £1.67B for this coming year. The new acquisition added £130m to revenue which was completed at the beginning of the financial year. So very modest forecast imo.


With the investment and healthy balance sheet here, I think it is highly likely wosg will beat these figures. This will be trading over 500p in 6 to 12 months imho, PE ratio will probably stay low at around 10 but earnings increase will drag the share price up.

Unless of course, a bidder emerges for wosg's cheap assets. Then all the rules change. Either way a good investment for those looking for growth rather than income.

[scepticalinvestor] 18/5/2024 09:51

Qube massively increased their short yesterday +0.2%

[fuji99] 17/5/2024 12:17

Could easily be taken over this year by a Swiss or French Luxury Company.

[nigoil] 17/5/2024 09:46

How's your 2.3p PPP shares doing purple11?.......LOL

Ignore Zico at your peril!

Simples!........;-)

[aishah] 17/5/2024 09:29

@Hawkeye_74
$CFR having a good morning & good year. Interesting that as a luxury player its led by jewellery & watches. Clothing & leather goods very much minority businesses for them. Substantial cash on the b/s. New CEO might cast his eye over depressed valuations at $UHR & #BRBY.

[scepticalinvestor] 17/5/2024 08:06

Congrats holders - looks like it will track back to the 7s now in short order. Qube only at 0.4% now

[gusrezo] 16/5/2024 18:07

for the people that says WOSG can expand in southeast Asia; WOSG actually had shops in SE Asia time ago and the shops were sold to Hour Glass 10 years ago, you can buy shares of this company if want to invest in a luxury watches retailer in Asia.
hxxps://www.thehourglass.com/news/the-hour-glass-in-friendly-buyout-of-home-grown-watches-of-switzerland/

[bridggar] 16/5/2024 17:19

This is what Im fearful of. Too cheap.

[fuji99] 16/5/2024 17:10

A very strong finish.
IMO this is a possible takeover target before it doubles from here.

[hamhamham1] 16/5/2024 17:04

This was 700p less than 5 months ago.
Only dropped through previous update.
So now a good one out, expect it to catch back up to 700p swiftly IMO.

[bridggar] 16/5/2024 16:23

Long way back for these. Just hope they dont get taken out for stupid money like my other recent holds (botb and fulham shore).

[z1co] 16/5/2024 16:22

Looking very strong and likely to finish above £4

[johndoe23] 16/5/2024 16:18

I was right

[aishah] 16/5/2024 15:34

As I suspected, strong US buying now. Capital Research Global Investors are major holders here.

[gkace] 16/5/2024 15:26

usa buying spike up at us open 5 incoming

[johndoe23] 16/5/2024 15:24

Reckon Robbie burns back in hence spike up

[fuji99] 16/5/2024 15:21

In addition to Japan, Australia and the Far East they may expand to the Middle East in rich countries such as UAE/Dubai, Kuwait, Qatar, Saudi etc.

[z1co] 16/5/2024 14:56

AHEAD OF CONSENSUS

Fourth-quarter sales ticked up 4% year-on-year to £380 million, ahead of the £375 million analysts were calling for, with the Rolex, Breitling and Audemars Piguet purveyor delivering continued market share gains on both sides of the pond.

[z1co] 16/5/2024 14:55

Watches of Switzerland shares rally on reassuring update and Duffy’s cautious optimism

16 May 2024, 11:40

Sales improve in final quarter

Chief executive expresses optimism

Watches of Switzerland’s (WOSG) shares surged 11% to 374.5p on a reassuring fourth-quarter update in which chief executive Brian Duffy said the high-end watch and jewellery retailer entered the new financial year with ‘cautious optimism’.

This followed a strong finish to the year to 28 April 2024, with fourth-quarter sales proving more resilient than feared in both the UK and US amid robust demand for key brands and an improving jewellery performance.

Previous news flow from Watches of Switzerland around a slowdown in luxury retail spending had hammered the share price.

This left many fund managers with red faces since the stock had been a favourite among professional investors running mid-cap portfolios, so the fact life isn’t getting worse was enough to trigger a substantial relief rally.

AHEAD OF CONSENSUS

Fourth-quarter sales ticked up 4% year-on-year to £380 million, ahead of the £375 million analysts were calling for, with the Rolex, Breitling and Audemars Piguet purveyor delivering continued market share gains on both sides of the pond.

‘We finished the year strongly, with Q4 sales in line with guidance and ahead of consensus,’ explained the no-nonsense Duffy. ‘Particularly pleasing was the performance in the US, with sales up 14% in the period.’

Luxury watch revenue rose 5% in the final quarter with demand for key brands remaining ‘strong’.

The FTSE 250 firm also flagged a significant improvement in its jewellery performance. Jewellery sales were flat at constant currency, but this represented a sequential improvement on the 16% dip seen in the third quarter.

Watches of Switzerland, which recently announced the acquisition of Italian luxury jewellery brand Roberto Coin, also confirmed its ambition to more than double sales and adjusted EBIT (earnings before interest and tax) by the end of full year 2028.

CAUTIOUS OPTIMISM

‘We enter full-year 2025 with cautious optimism,’ stressed Duffy, with his charge guiding to full-year 2025 revenue of £1.67 billion to £1.73 billion, implying constant currency growth of 9% to 12%.

‘We have a terrific programme of showroom developments on both sides of the Atlantic with the Rolex flagship boutique on Old Bond Street, London; a 3,000 square foot Rolex boutique replacing the Mayors multi-brand in Atlanta, Georgia; and our first Rolex showroom in Texas in Plano. We are also looking forward to the Audemars Piguet Town House and the Mappin & Webb luxury jewellery showroom both in Manchester, and the expanded Patek Philippe space in Greenwich, Connecticut.’

Duffy added: ‘The inherent strength of the categories we operate in, coupled with our superior business model and retail expertise continues to set us apart.’

[fuji99] 16/5/2024 14:48

I wish they could start opening their first boutiques in Australia, Japan, China, etc.

[aishah] 16/5/2024 14:23

Let's hope the Americans top up in their funds now. US growth is going to be mega imo.