Watches Of Switzerland Share Discussion Threads

[bookbroker] 22/6/2024 19:21

Wealthy people, and folk who aspire to own a high-end watch always there, gotta remember Rolex watches rarely decline in value such as the supply is controlled. This market recognised for the investment case.

[hamhamham1] 22/6/2024 18:58

There are plenty of rich peeps in the UK with just buy expensive stuff they like in the UK.
The5 like to turn up at a motor/watch/clothes/etc dealership and buy on impulse.
Plus this lot has plenty of places abroad.

[pugugly] 22/6/2024 18:41

UK Kicking out (or rather making it to expensive tax wise) for the Non-Doms. No VAT rebate for tourists. Increase in UK taxes. So for UK market anyway who are the people who will purchase.

[bookbroker] 22/6/2024 15:26

As long as the statement suggests maintained guidance then we will see a steady rise, any contradiction of end of year statement may see an alternative response.

[hamhamham1] 22/6/2024 15:26

The share price is nearly half where it was a year ago based upon worry, if results are reassuring, which I think they will be as indicated in recent RNSs, the share price will ride back up to 7 or 8 quid, no problem.

[trying2trade] 22/6/2024 14:04

I don't see a jump up on results. Could well be wrong and I'll miss the chance to get in but that's the game we play.

[jsg123] 21/6/2024 22:35

We know pretty much already what the results are, they only updated a month ago.
Pay your money and take your chance

[trying2trade] 21/6/2024 21:19

The price of used watches has taken a big hit, the 'investor' buyers aren't going to be piling into these like they were. I don't expect this next set of results to be good, hoping to enter.

[hamhamham1] 21/6/2024 19:46

Consumer confidence at top end never left.
Rolex won't bite the hand that feeds them, if they restrict numbers too much, retailers will just fill the void with other top brands, brands who are all fighting to get profile in high class retailers.

[bookbroker] 21/6/2024 11:56

Consolidation maybe, still believe relationships with suppliers strong, just need consumer confidence in the top end to return. The absence of Russian money likely does not help, if VAT shopping returned then a big boost, but company’s like Rolex can easily restrict supply to maintain profile.

[gooseygander] 21/6/2024 11:49

Are people selling as expect bad news , or shorters unloading expecting bounce back .. they won't leave this alone , sentiment seems unsure.

[ayl30] 20/6/2024 06:47

Interesting but I think comment about blowing open is a tad exaggerated. Think they are just another small craft player - like Bremont

[mountpleasant] 19/6/2024 17:57

New brand is looking to blow open the luxury watch business.

www.sidereus.com

[jsg123] 18/6/2024 16:12

They've shorted this down on low volume all day long.
Leeches

[the white house] 18/6/2024 07:48

Keep up, the Tories have already done that by removing Tax Free for (watch) tourists so now all the shops, restaurants & hotels in London are poorer, whereas other foreign capitals benefit. Surprisingly short sighted and inept call

[takeiteasy] 14/6/2024 11:41

best to talk about politics when chart here appears broken to pieces ...but linking Starmer to a discussion about selling world class watches....hmmm...best for me not to comment ...

[montyhedge] 14/6/2024 09:05

Farage makes the other speakers look like amateurs.

[john09] 13/6/2024 15:25

Taxing watches a little tenuous

Starmer is quite central I was impressed with him on sky news last night . And I’m typically a blue but did flip flop for Tony Blair back in the day

Starters government to be looks and feels similar

[spig69] 13/6/2024 15:19

Labour missed an opportunity to tax the luxury items for wealthy clients like Rolex watches. Perhaps the drop today indicates a change in their manifesto to include such items! I sold out at just under £4 a short while back but I do like the figures here and would love to get back in at some stage

[john09] 13/6/2024 15:06

Interesting to see this dribble under 400p

[bookbroker] 13/6/2024 15:03

Very surprised this not drawing takeover interest itself at these levels. Hope that the next set of results shows a continuation of trends seen at last trading update. Surely a nice addition to a design house or global high-end retailer.