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If only the retailers actually had any watches for sale instead of just selling to the flippers and the chosen few ..
not bad but a fair pull back from the intra day high.
Might fall back to to test 885p but in any event its another in a line now, of positive chart moves.
there is a fair amount of energy building into the chart right now. I imaging Tuesdays results will be the catalyst for the explosion. (Hopefully upwards)
If it is upwards then I see 1020p-1030p the potential target due to the restrained day movement over the last few trading sessions.
The strategy in Europe is to open 'monobrand' stores like here and US. So when a Swedish Breitling customer buys in the Breitling boutique in Stockholm its actually a WOSG store. This applies to TAG, Rolex, Omega and Tudor as well. The expansion in the US has gone well so far by a mixture of the above and buying established businesses like Betteridge and Mayors.
MB, I think the difference here in terms of the risk that you outline is is the international brands they sell. These watches are for sale in just about every city in the world.
So the product will and does sell in europe for instance. Its just will they go into a WOSG store to buy it.
I can't see a particular reason why they wouldn't.
Yeah it is a strange one, they are doing well in the UK & the US & aim to expand into Europe. But that is IMHO a big risk in the current climate. How many good businesses have I/we seen over the years mess up expanding into other countries. They make 80% of their profits from luxury watches & as a watch collector myself I know people can always find money for that Patek Phillippe or Rolex
But I hold 1500 shares for the ride.
had another go at 885p intra day.
Fingers crossed tomorrow it goes through.
Its always hard to be sure but this certainly has some "recession proof" qualities about it. Luxury brands that typically don't get affected by any financial downturn, the goods themselves that either hold or increase their value (particularly good in inflationary times) and have only scratched the surface for further growth opportunities.
Price of 2nd hand rolexes is still sky high due to the fact that new supply isn't high enough and goes to the best customers.Could be inflation proof?
J, I don't think its that far off. I have been getting in and out and at the moment t its looking ok,
I t needs to break over 885p clear 904p and then its a straight run.
Annoying, I've got some from a while ago at 835p. I was hoping for a run up to about 1000p where I'd sell.
looks like a tree shake back to around 836p. bought a few more at 838p
I don't day trade stocks like this but its had numerous attempts to go above 836p today, might well lurch up if it (ever) breaks through :0))
Chart wise its still on for a more sustained rise. quickly added this morning as its come back to 810p (got inn at 812p. GLA
The fact is Grizzler WOSG have stated that Swiss manufacturers can't keep up with demand. WOSG have enough orders now to cover the next three years supply of Rolex. The main threat to WOSG is spiraling overheads. The opportunities are expansion in Europe and the US market where they have a near unchallenged outlook.
Not sure if this to WOSG, detriment or benefit? But I have still added to my position on the 5% fall this morning: https://www.vavio.io/post/your-rolex-watch-has-fallen-in-value?fbclid=IwAR3OrlDz6pt0ed6Usnytm_0KtIR1om8rUeTz3BaKN1aeNz1m9sArdlMJAdE