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Can get a lot more models now and slight discounts on some from dealers
Agreed. I doubled my position at £4.04. The Directors filled their boots back in September. If the long term plan is achieved, this could be one of the best performers in the U.K. not without risk but I’m looking forward rather than backward. GLA
Tempted to catch the knife here but with it being ftse250 expecting follow through selling from trackers to take into account drop.
Longer term challenge is their lack of competitive moat. Richemont posted strong results today, market for luxury still stable. What we're seeing is a WOSG specific issue. It doesn't help that only being a third party retailer they're much more vulnerable to whims of the brands they rely on.
Back to 500s in a few days
The reaction is a bit over done. It's still looking at 1.5 billion revenue. Looks like it might dip into the 300s at this rate.
It’s going to break £4. Next stop £3.80.
I have put some details on AFC board of what i consider to be a great case study on my stock analysis.
Google Rolex rippers
Would you want to wear a luxury watch out and about? I wouldn't. Plus a lot of them are ugly & ostentatious, which doesn't sit right in today's climate. They can only be an investment at best now & then they've got to be stored somewhere, which is more risk.
In jest re affecting WOS - however it was reported in the news yesterday so that is factual.
Could go back to the 250p level, sub £3 - seems the London Rolex gangs are flooding the market and deterrring watch buyers.
May bounce but watching for a dead cat 2nd drop first.
Ha ha ha, sorry, ha ha ha, I can’t type for laughing hoo hoo hoo. I’m on a cruise at the moment so can’t stop chatting. Now we know who it was that was dropped on his head at birth! Ha ha ha.
Oh dear :-(
Money, I'm not seeing much evidence so far of you being above me on the food chain?
Been on downward trend last month
Experienced a volatile trading performance in the run-up to and beyond Christmas, as the challenging macro-economic conditions impacted consumer spending in the luxury retail sector. We now expect these challenging conditions to remain for the balance of our fiscal year. Avoid.
Will be a bargain at some point. Pretty grim.
Yeah, I see around £450 is a ok entry, it go a bit lower than this but £450 feels ok.
If this goes into the 400s, got to be a buy for me.
Money, that's the spirit, keep your pecker up.
I'm only messing really mate, this is a good long termer I just find it funny having banter with you, nothing personal.
Ouch, I'm starting to feel you're pain Money. Shall we see if we can arrange a whip around for you?