London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
That would be one interpretation but WOSG have an undertaking to take a certain value of watches every year so across the year they either receive more watches if all steel or less if all gold or platinum. There is no significant difference in margin regardless of price. Rolex will not be able to manipulate the world market with Buchers 50 Rolex agencies - only four in UK.
Came across a pretty convincing analyst take that it's possible Rolex may be already flexing muscles post-Bucherer buyout by actively throttling supply of higher demand lines to third parties.
Find it hard to refute. From Rolex's point of view it's a sensible strategy, save best stuff (with highest demand/margins) for their own channels. In a similar way to Nike have gone big on DTC while continuing to supply likes of Sports Direct, but limited to their less premium / slightly off season numbers.
Less dramatic than them fully cutting supply, but more insidious. This is a potential trojan horse where everything looks fine on the surface in sense WOSG continue to sell Rolex. Only external signal would be weaker ongoing numbers.
Ade1234
It looks like blackrock has been lending out. If you look at the shorts list for last Friday, you can see an increase just a few days after the (WOSG) shares collapse.
I believe this stock has now been earmarked by the edge funds.
Expect further drops in the near future. From 1.18% to 1.38% as of 18th January 2024
https://shorttracker.co.uk/company/GB00BJDQQ870/
I was too greedy with my sell order (400p, since you asked), so might need to wait a bit longer now, or trade my way out of it. Might be the better option. See how the next few days go.
The question is what BR plan to do. Continue selling down, which could mean a drag on the SP for a while, or are they pretty much done?
Also no inside buying yet.
See if shorts have increased tomorrow too. GLA. Even you, JISA-boy :)
It's the same with IDS/RMG. He was buying at a fiver a pop in January 2022 when he was known as AngerSharkz and posting about how good the fundamentals were.....
To use one of his own phrases, "that aged well".....lol
Thankfully, his share ISA is limited to £20k pa so he can't do too much damage.....lol
He will never admit it though, he just makes out he planned it all lol
Ade, I suspect that he's so deep underwater that he will need magic beans, a waterproof phone and a waterproof watch.......lol
Money FUNNY! Anyway, looks like a bad RNS people offloading.
Kids Playground, Meh
Money, i keep forgetting, you keep using those magic beans to buy a endless amount of shares.
Oli, Money thinks is smart. If he was clever he would off sold at £7 FACT
Ade, I have always thought that it was morally wrong to let teenagers have a share ISA account. AngerSharkz must have seen the "green" number on his screen turn "red" last week? Fortunately AngerSharkz is a long term holder so the current SP isn't a concern and AngerSharkz is expected to live for at least another half century...... during which time WOSG might go back above a fiver again?
Incidentally, I assume that TMS is being as much of a bore/pain on WOSG as he is on the IDS forum?
By the way, any idea how many a "tranche" constitutes? Just asking for a friend.....
Money, hold you're hands up then
Money, you are becoming tiresome. But for someone to call £4.50 when its trading at £7+ and it falls to 380p I would listen to the person making these predictions.
Im afraid the attitude of waiting lists for ss time pieces is floored in todays market, they have pssd off the buyers with snobbery and it has cost them big time, KARMA
Looking at the technical trading charts, I can see good support at 356p but if it breeches this 320 area could be seen, so looks like a bit more to drop yet.
Goodnight Money, you are totally boring me now and have ruined any chat today on here.
All you have to do is ask, I will be happy to start giving you advice and help you out of this situation and show you some good shares for the future.
We all make mistakes, but it’s how we solve these mistakes is the only thing that matters.
If you can be a bigger man and ask for my help, I will reach out.
Money, if you think I’m going to start reading financial reports on a Sunday evening you are mistaken.
But, the general consensus is clear WOSG are selling less with more costs and now have more competition.
Hence they are being shorted heavily their share price has collapsed and broker ratings are falling.
And for the past 3 months I have been saying this would happen FACT!!
Money my 450p prediction was close 12% out not bad.
I have always had a weird ability of predicting stock prices I did the same at AFC and Glencore recently and a lot of people like my contributions.
But over at WOSG it’s hard work because you keep popping up wasting my time.
Money, the shorts have still doubled this month.
Key short term drivers IMO: Will we see hefty inside buying this week? And will BlackRock continue to reduce?
Obviously you have the macro market-wide sentiment aspect to consider. Short activity too etc.
Short term, I do not see the threat of the middle man being cut out, so that bear thesis does not trouble me.
Solid inside buying back in early September too, so the BOD have skin in the game. Weak update though, obviously.
But I will leave the deep dive fundamental analysis to the LTH's. GLA.
Money, I was talking generally high they are almost at a 2 year high.
As stated earlier…..reduced broker ratings, now on Hold and reduced to £4.
Shorts increased to highest level in 2 years.
Cost of living and high store cash burn with the Rolex situation.
Are WOSG heading into the perfect storm?
Money, you’re upsetting people on this board now, so I won’t talk about your posts and you do likewise.