ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

WOSG Watches Of Switzerland Group Plc

405.00
-5.20 (-1.27%)
25 Jun 2024 - Closed
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
  -5.20 -1.27% 405.00 658,011 16:35:23
Bid Price Offer Price High Price Low Price Open Price
405.20 406.80 415.00 402.00 407.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Jewelry & Watches-whsl 1.54B 121.8M 0.5084 7.99 972.66M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:23 UT 219,032 405.00 GBX

Watches Of Switzerland (WOSG) Latest News

Watches Of Switzerland (WOSG) Discussions and Chat

Watches Of Switzerland Forums and Chat

Date Time Title Posts
24/6/202411:57Watches of Switzerland843

Add a New Thread

Watches Of Switzerland (WOSG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-06-25 15:35:23405.00219,032887,079.60UT
2024-06-25 15:29:32406.002541,031.24AT
2024-06-25 15:29:32406.00624.36AT
2024-06-25 15:29:03406.173,15612,818.63O
2024-06-25 15:28:41405.2014.05AT

Watches Of Switzerland (WOSG) Top Chat Posts

Top Posts
Posted at 25/6/2024 09:20 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 410.20p.
Watches Of Switzerland currently has 239,570,297 shares in issue. The market capitalisation of Watches Of Switzerland is £972,655,406.
Watches Of Switzerland has a price to earnings ratio (PE ratio) of 7.99.
This morning WOSG shares opened at 407p
Posted at 24/6/2024 10:54 by hamhamham1
Yeah. Paid $130m for Roberto Coin, $120m being upfront, and $10m depending on performance.
With that deal got nearly $88m of gross assets.
They made $30m profit before tax last year, so in my duffer book, once WOSG have netted a couple of years of profit from them, that the cost paid for, allowing for the assets bought which have an intrinsic value, WOSG paid approx $42m over the gross asset value to buy the company.
I know it's a simplistic view, but it works for me :)
Posted at 24/6/2024 09:16 by hamhamham1
Share price up, nice.
Soon be back at 7 to 8 quid.
Posted at 22/6/2024 15:26 by hamhamham1
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.
Posted at 19/5/2024 08:50 by wallywoo
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.
Posted at 16/5/2024 18:07 by gusrezo
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/
Posted at 16/5/2024 14:55 by z1co
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.’
Posted at 16/5/2024 12:42 by fuji99
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.
Posted at 09/5/2024 11:57 by wallywoo
At this stage the share price could easily turn down or up. There are no confirmed technical reasons for either direction. I suspect the share price will tread water until the trading update next week. That will dictate the direction. However, the fundamentals of wosg, mean that it would have to be really bad news to turn down. I am hopeful that this is the bottom, but could go either way still.
Posted at 05/5/2024 16:22 by wallywoo
I disagree. This is great value at these prices. Sure revenue will be flat this year, however, it grew 25% last year.


Share price is down this low for that reason, but everything else looks fine. The company since floating at 270p (2019), have;

1) increased revenue from £773m to over £1500m in that time. They have virtually the same number of shares in issue (don't offer lots of free employee options or shares to fund acquisitions).


2) have no debt and a £16m net cash position, from a £95m net debt position in 2019


3) have increased net assets from £200m to £500m+ over that time.


4) have a pe expected ratio of around 9 (worst case scenario), compared with 13 in 2019. (Pe just over 6 on last years profits).

5) plenty of capex has been invested each year to fuel growth, incl £70m+ this year (with no Increase in debt)

The lack of dividends is dragging down the shares imo. But this is still a great company and good value. They are well positioned to resume resume growth when the markets pick up. I am picking up shares at these prices for a recovery. Imho the bottom is in with these shares, but let's wait and see.
Posted at 20/4/2024 08:12 by wallywoo
Too cheap for a company with an open objective to double turnover and ebitda over the next 4 years. Even if they fail with this plan the share price should recover substantially. Share price looks like a double bottom is forming. Not confirmed yet but it could be the ideal time to buy.
Watches Of Switzerland share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock