Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Looking good especially with their new acquisition.
*Birks. Not borja
They have no interest anywhere else. They got a foothold in USA ten years when they bought Mayors from Borja, a Canadian jewellery supplier who were keen to offload the stores as non core to their business. WOSG attempt to get into Europe has been an expensive failure and I doubt they want to repeat that further afield.
Received a reply to my question regarding their possible expansion into Asia and The Middle East.
They definitely stated that they are more interested to focus on the US outside Europe.
So they want only to be fully established in the US and Europe.
Looking at today I think it more likely than not that this will top out at 440p before any meaningful pullback/retrace.
imo dyor etc
GLA
Can't believe those leeches increased their short by 0.2 yesterday, that's quite an increase in 1 hit.
Looks like they're going to attempt to play games here, unless it's purely a hedge.
In any case I feel WOSG will be taken over before even being able to hold it for 12 months.
Another lovely start this morning getting to 420p and then a drop back down, from profit takers.
A slow and steady rise is expected here now. TrustPilot went through a similar phase and dropped below £1 and now it's recovered very well over the past 6-12months.
I'm expecting WOSG to make a steady recovery towards £5 over the next few weeks.
Another sunny day with blue skies
The £5 is a given, so people will climb on board for a quick gain, but after that news will be needed to drive us forward.
If that’s the case I’m selling these shares and heading to WOSG to buy a Rolex tommorow
And no CGT on the sale
Finally signs of some green shoots here, and signifles the end of the downward trajectory. No reason why this cannot continue to slowly climb back up from here until next report is out. Ill hang around and see where this goes from here. Theres a very nice gap from £4.40 to £6 that needs to be filled if interest rates begin to drop soon
Across the pond, the US group achieved stellar results, with sales soaring by an impressive 6% year-on-year to £692 million as it continues its exciting expansion by opening new showrooms.
A stunning new venue opened in New York in March, and the anticipation builds with plans for a spectacular Rolex mono-brand boutique in Lenox, Atlanta set for the 2025 financial year.
Looking ahead, Watches of Switzerland expressed “cautious optimism” about the upcoming financial year, brimming with confidence.
With an array of showrooms undergoing fabulous refurbishments and several new openings on the horizon, the company forecasts full-year revenues to skyrocket to between £1.67 and £1.73 billion, representing a remarkable 9% year-on-year increase.
In the medium term, the company is exceptionally confident it can double its sales and underlying earnings by 2028.
Brian Duffy, the visionary chief executive officer, stated: “The inherent strength of the categories we operate in, coupled with our superior business model and retail expertise, continues to set us apart.
“We remain laser-focused on executing our Long Range Plan and are steadfastly committed to achieving our ambitious targets.”
Well, that was fortuitous .
Next raget is harder to "predict" could top out at 404p (ish) or maybe have a run to 415p and retrace to to 404p?
After a big jump like today, given there was a lot of price action intraday, the momentum usually carries over into the following day at least.
The nice bit, is that if you get to time it right, you no longer worry about a bit of up and down because your stop loss is 25% away, which helps remove some of the emotional pull of what to do next and allows you to stick to the "plan" (whatever it was!)
gla
A proper Swiss Rolex probably would have lost or gained a second or few today mate
Definitely turning like a proper Swiss Rolex watch ⌚️.
Not one single second skipped today.
Next leg up aiming for £4.25.
A lot more to come here
👍
You'll need to treat yourself - Bank Holiday weekend coming soon! ;-)
I will buy myself a watch at £5
AMAZING that it's hit £4.00 already today.
A nice base to build up from. A steady road to recovery.
We're still worth less than £1bn - so tiny Market Cap!
If the company can deliver on what they've outlined today, we're talking big BIG money here in the next 12-24months.
It took 25 seconds 😂
It’s knocking on the £4 door, let’s see if we can get there in the next 25 minutes.
STRONG BUY from me here!
Amazing recovery today!
As said earlier, our first stop is £4.00 and it looks like we're likely to break through this today.
The TU today has been amazing, and we won't be seeing the lows of 325p again. Glad that I had topped up.