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Watches Of Switzerland Group Plc

7.50 (1.13%)
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
  7.50 1.13% 672.50 253,798 15:38:09
Bid Price Offer Price High Price Low Price Open Price
672.00 672.50 685.00 665.00 685.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Jewelry & Watches-whsl 1,238.00 101.00 42.20 15.83 1,614.00
Last Trade Time Trade Type Trade Size Trade Price Currency
15:38:09 AT 40 672.50 GBX

Watches Of Switzerland (WOSG) Latest News

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WOSG is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 

Watches Of Switzerland (WOSG) Discussions and Chat

Watches Of Switzerland Forums and Chat

Date Time Title Posts
02/6/202310:32Watches of Switzerland302

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Watches Of Switzerland (WOSG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Watches Of Switzerland (WOSG) Top Chat Posts

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Posted at 19/5/2023 11:01 by angersharkz
I’m wondering whether WOSG is being hit hard by markets this morning because of the news that the government are looking at banning imports of Russian diamonds and various previous metals to the UK?

I’m not sure how much expose WOSG has to this market but seems like a very loose connection to me.

Posted at 17/5/2023 12:16 by angersharkz
I’m not overly concerned about sitting around waiting for what could or couldn’t be ‘the bottom’

If it’s intrinsically under valued and I can see it being worth double the price 2-3 years from now then why would I be sitting on my hands?

Some valuations of UK companies are worse now than during the 2008 financial crisis. Needless to say they recovered then and anyone that bought during that period would be very wealthy indeed.

History tells you, what goes down does go up.

Posted at 17/5/2023 11:57 by fuji99
I agree that WOSG is a GREAT company and the shares are a long term hold. But what I am talking about is a temporary market turbulence due to geopolitical issues and Covid after effects. In the long run, owning a Rolex watch is probably far better than owning its equivalent price in gold.
Posted at 17/5/2023 10:09 by johndoe23
Exactly, there had already been a discount to the share price in the last few months.
Posted at 17/5/2023 10:04 by angersharkz
Nobody is immune to this downturn. It’s generationally high levels of inflation and its weigh on the global economy.

So unless you want to take your money and inhabit Mars for the next two years and return to earth when it’s all blown over then the next best thing is to look for good businesses that will return once inflation is brought under control.

WOSG has done exceptionally well over the last few years and they’re well ahead of their long term strategy. Given the market has already discounted this over 50% from its all time here it could be a fairly solid recovery play.

Posted at 17/5/2023 09:22 by angersharkz
Fuji99 - I’m not seeing how the geopolitical tensions in Taiwan and China are going to have a direct or quantifiable impact on WOSG and the luxury watch market?

I think unlike a lot of other retail businesses physical stores supersede the e-commerce side due to the nature of purchasing such high end pieces. I would imagine that the most lucrative purchases will be made within store. I for one would not be purchasing (not that I can afford it anyway) a £30k watch online….which is why the opening of new stores in lucrative, affluent areas is a big driver for the business.

Posted at 17/5/2023 08:35 by angersharkz
I wasn’t aware that WOSG traded in the Chinese market? My understanding that they conduct business in the US, UK and Europe?

I also don’t think that staff at google and Vodafone that are being redundant are the clientele that are buying Audemars Piguet and Rolex watches…..the demand for luxury watches remains strong and there is a shortage of supply.

Posted at 17/5/2023 08:27 by fuji99
True, the market is always harsh when it punishes but there is no doubt that high inflation and tensions with China (where luxury goods are popular) due to Taiwan are not helping. People will not spend on luxury when their salaries are chopped by inflation or when one sees the numbers of redundancies going on everywhere in the world (From Googles to Vodafone (11000) yesterday). So when the horizon is full of uncertainties, this is when the likes of WOSG and even BRBY would suffer. Is BRBY the exception ? Time will tell.
Posted at 16/5/2023 13:29 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.
Posted at 09/11/2022 14:08 by kalai1
Watches of Switzerland Group issued another impressive trading update this morning. The Group has enjoyed strong broad based trading momentum through Q2, is continuing to record market share gains in the UK and US, and FY23 guidance was upgraded to reflect the benefit of foreign exchange changes. Group H1 23 revenue reached £765 million up +23% at constant currency, H1 FY23 adjusted EBIT is expected to be £86 million to £88 million up from H1 FY22: £67 million. FY23 guidance was also lifted a little to reflect movements in FX with H2 projected using a £/$ 1.20 exchange rate. FY revenues are set to reach FY23 £1.5b-£1.55b, adjusted EBIT £163m-175m, both a little above previous guidance. The business is plainly going well. Valuation has improved through 2022 with forward PE ratio now at 16.0x and PS at 1.77x. The growth story is solid, the balance sheet is solid, profitability ratios are high. Momentum is lacking, the share price corrected through H1 with the wider market and has been drifting sideways through H2. WOSG is certainly worth owning for the long run and may not get much cheaper from here. BUY...

...from WealthOracle


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