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WOSG Watches Of Switzerland Group Plc

-11.00 (-1.68%)
Last Updated: 13:10:27
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Watches Of Switzerland Group Plc LSE:WOSG London Ordinary Share GB00BJDQQ870 ORD GBP0.0125
  Price Change % Change Share Price Shares Traded Last Trade
  -11.00 -1.68% 643.00 146,789 13:10:27
Bid Price Offer Price High Price Low Price Open Price
643.00 645.00 661.50 635.00 635.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Jewelry & Watches-whsl 1.54B 121.8M 0.5084 12.71 1.55B
Last Trade Time Trade Type Trade Size Trade Price Currency
13:16:40 O 35 643.00 GBX

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Watches Of Switzerland (WOSG) Discussions and Chat

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Date Time Title Posts
30/11/202312:54Watches of Switzerland493

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Watches Of Switzerland (WOSG) Most Recent Trades

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Posted at 01/12/2023 08:20 by Watches Of Switzerland Daily Update
Watches Of Switzerland Group Plc is listed in the Jewelry & Watches-whsl sector of the London Stock Exchange with ticker WOSG. The last closing price for Watches Of Switzerland was 654p.
Watches Of Switzerland currently has 239,570,297 shares in issue. The market capitalisation of Watches Of Switzerland is £1,547,624,119.
Watches Of Switzerland has a price to earnings ratio (PE ratio) of 12.71.
This morning WOSG shares opened at 635p
Posted at 07/11/2023 10:09 by riverman77
It was an OK update, but revenues barely keeping up with inflation. I guess it's fallen a lot and fairly cheap so due a bounce. I think the ambitious long range plan is probably what's driving the share price today.
Posted at 13/10/2023 11:44 by fuji99
The share price seems to decline slowly but steadily. Shall we revisit IPO levels ? With never ending geopolitical crisis all over the place, it's possible.
Posted at 04/9/2023 12:03 by bridggar
Not if the CEO is in possession of any material information which might impact the share price.....
Posted at 29/8/2023 08:32 by donald pond
No position here but Bucherer and WOSG have a similar turnover. Rolex may want to run their own mono brand shops, but might they not prefer to propose a merger of Bucherer and WOSG? Keep both brands, use WOSGs store expertise and close down any excess stores?
Posted at 25/8/2023 16:28 by elsa7878

A broken clock is, famously, right twice a day. But in this watch-making intrigue, Rolex and the markets cannot both be right. The Swiss company, whose pricey creations grace the wrists of financiers and celebrities, insists that Bucherer – a 100-plus store chain of jewellery and watches – will remain independent. The stock market, on the other hand, seems to believe Bucherer is a stepping stone for a Rolex move into direct-to-consumer selling. Investors in Watches of Switzerland – where Rolex products account for over 50% of sales – are a case in point. Their company’s shares lost more than 20% of their value on Friday morning. That prompted WoS to put out an odd statement containing a stronger denial of Rolex’s alleged direct-sales strategy than the Swiss group’s own communiqué.
The luxury watchmaker has good reasons to contemplate retailing. Relying on third-party shops means less control over brand execution and increases promotion and discount pressure. To do so, admittedly, will take time. Bucherer owns just over 100 stores globally, compared to WoS’s about 200 shops around the world. Besides, Rolex stresses that it will not be involved in Bucherer’s operation directly. In that context, Friday’s slump in WoS shares looks excessive.
In the long run, though, those ambitions are a threat to WoS and other watch retailers. Rolex could easily acquire WoS. After Friday’s share price drop, WoS is valued at around 1.6 billion pounds, or 6.1 times EBITDA in the year to April 2025, using Refinitiv data. RBC analysts estimate that a buyout could be done at a multiple of 9 times, implying an enterprise value of 2.5 billion pounds. That’s a modest sum relative to the enterprise value of 4 billion Swiss francs that Vontobel analysts believe Bucherer is worth. RBC analysts estimate Rolex generated 8.8 billion Swiss francs of revenue in 2022. Putting that on the 3 times multiple of Richemont (CFR.S), its closest listed peer, would give Rolex an enterprise value of 26 billion Swiss francs.

If WoS’s value keeps dropping, its shareholders might find that being gobbled up by a direct-selling Rolex is their best, and only, idea of a good time.
Posted at 25/8/2023 15:17 by gusrezo
I don't remember if some sell side analysts or the company itself has released the share of revenue from Rolex, but in the overall market, Rolex is around 30% according to Morgan Stanley watch industry report. So this is the minimum in the case of WOSG, probably higher.
But the point is: Bucherer has 7 shops in London (it seems no other city in UK with shops), and 35 in USA (and 7 are non-Rolex monobrand shops).These are the markets with overlap.
WOSG has 202 shops, 87 are monobrands. So probably more than 100 shops with Rolex licence. Anyone thinks Rolex is to get rid of WOSG? It would take years to get the real estate at the proper locations, refurbish it, etc.
Rolex gets a higher ROIC from manufacturing, and WOSG net profit is less than 10% of revenue. WOSG has said in the past that its expansion in USA is being pushed by the manufacturers.
Luxury watch brands has been reducing the number of distributors for years, but they are cancelling contracts with mom and pop shops, the same strategy that Nike is pursuing in order to boost its online sales...
Unless Rolex is seriously dissapointing with WOSG customer experience, I really doubt the current relation is in danger.
Posted at 25/8/2023 13:35 by fuji99
I wonder what's Rolex revenue contribution to WOSG if it decides to leave. This is the critical scenario to consider for anybody investing for the long term. Because any future announcement by Rolex to be going free or with another retailer would hit hard WOSG numbers and share price.
Posted at 14/8/2023 14:44 by saj3
Tapestry Inc (NYSE:TPR)'s acquisition of Capri will reshape the US luxury landscape, with UK-listed companies Watches of Switzerland Group PLC (LSE:WOSG) and Frasers Group PLC (LSE:FRAS) in a prime position to capitalise on emerging sector trends, reckon analysts at Shore Capital Markets.The US$8.5 billion (£6.7 billion) takeover of the owner of renowned brands Michael Kors, Versace and Jimmy Choo, at a weighty 55% premium on its three-month average share price, has sparked industry-wide discussions on its implications for the luxury market.According to Shore Cap, the merger of two iconic American fashion houses aims to challenge European luxury dominance by targeting entry-level luxury consumers, offering a unique "blend of American style and affordability"."Despite concerns about weakened US consumer spending due to inflation, this deal taps into the entry-level luxury demand and its potential to benefit from inflation easing," commented Shore Cap.The luxury sector is known to demonstrate resilience, with high-end consumers driven by aspirational motives, willing to pay a premium for exclusivity.Within this evolving landscape, Watches of Switzerland and Frasers stand out as potential UK-listed benefactors."WOSG's strong performance in the US, hinging more on product availability than just demand, underscores the retailer's momentum and the aspirational nature of luxury timepieces," noted Shore Capital Markets.Conversely, Frasers, with its Flannels stores, could benefit from Tapestry's focus on entry-level luxury, potentially attracting more customers and enhancing the overall shopping experience.Shore Capital remains bullish on both companies. "Both stocks' BUY ratings reflect these more favourable market conditions and their strategic alignment with emerging trends in the luxury sector," the broker note stated.Shore Cap recommends Frasers at a buy price of 799p and Watches of Switzerland at a buy price of 700p.
Posted at 13/7/2023 14:11 by km18
Watches of Switzerland Group plc posted another impressive set of FY results this morning. The Group recorded another record year of revenue, profitability and RoCE, and is entering FY24 well set for further growth and significantly ahead of the Group’s Long Range plan. FY23 Group revenue was £1,543 million, +25% at reported rates, statutory operating profit was up +26% to £179 million while Return on Capital Employed increased 50bps to 27.9%. Despite the current fragile macroeconomic sentiment FY24 guidance remains unchanged for revenue £1.65b-£1.70b and stable adjusted EBIT margin, implying statutory profit growth of about 9% next year. Valuation looks increasingly reasonable again following a 30%+ share price correction through 2023 so far, forward PE ratio at 11.8x is mid-range for the speciality retailers. Share price lacks some near term momentum and macro risks are the main cloud for consumer cyclical spending. But the longer run investment case remains solid and entry levels look reasonably attractive. BUY....

...from WealthOracle
Posted at 16/5/2023 12:29 by fuji99
The medium term for the share price direction will all be in the Trading Update tomorrow. Two important points to watch for are 1/ The business outlook and 2/ Any information regarding the possible takeover. With inflation and interest rates at their highest everywhere in the world, luxury business could stagnate and the bid could also be ditched if borrowing becomes more expensive. IMO any prospective bidder will wait until the share price is at its weakest.
Watches Of Switzerland share price data is direct from the London Stock Exchange

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