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Absolutely nothing wrong with ambition. Anders is as driven as the rest of them. The aims are valid, some of the means to achieve them are not financially viable. Its Anders' job to ensure value for money. One example, they moved into a massive new head office last year. They had the option of two buildings on the same site. On the say so of the CEO they took both and one has been dormant ever since. The previous CFO didn't have the clout to push back on this. Regardless of how big they may become they will never utilise the empty space they are paying rent on.
The update in February will tell everyone what has happened in Nov to end Jan. You are right in that barring an unwanted surprise it will make no difference to my long term view. However a 'slightly under' report will not help the SP in the short term which paradoxically could present a buying opportunity.
What would I do differently? I would urge Anders Romberg to keep the lid on cost over runs that his predecessor, Bill Floydd, let run riot. Bill was a nice bloke but managed to keep whatever talents a CFO should have hidden. Anders has a track record of running a tight ship and very little gets by him. He needs to keep some of his fellow board members ambitions at all costs in check.
You are drawing the wrong conclusions. I have been and will be a long term holder and I do not invest quarter by quarter. Arguably December would have been a good time to sell as would the time it hit £16 a couple of years ago intra day. Just because I think there are things that they could do differently doesn't mean I don't think that there isn't potential for growth. The CEO will retire at some point in the next few years and I'd be very surprised if by that time they would not be paying a dividend.
Always seems to fall a lot between Jan-April, you can probably get some of these for £450-£500 in a few months.
MS. I understand all that. However WOSG's long term plan (four years) is to double revenue which is the headline grabber, but by then, even with decreased inflation, if they achieve that they wont have doubled profits. My strategy is my strategy. I use the quarterly updates as an indicator like most investors and make my decisions based on known information and how I feel about the environment the investment is in. Currently I feel that £7.50 is a fair value for this. The potential for growth is there but costs must be better controlled. I have been a holder since before covid and topped up during the dip so I am not panicked by the odd bit of bad news.
With the cost of living crisis getting worse, i see Feb numbers being disappointing.
Its not just Rolex putting up prices. They'll all be doing it. The point is that revenue will need to rise above the level of price increases (and inflation) in order to be standing still. This has been the case since covid and could be a key factor in the reason the SP is struggling. Fingers crossed for good numbers in the Feb update.
I love ripping Money a new one, he dosent know what hits him. Money I'm too clever for you to deal with unfortunately.
I think I’ve hit a nerve with Money!
Raising not easing.
Rolex is easing UK prices by 4% but not doing so in USA. One way of reducing WOSG's sales. The so may dive again.
Money, if you was that clever you would of took some profit and brought back, Xmas is over now so steady decline possibly here.
The pressure is on Money big time, he needed this to go up 70% just to break even and now its bombed and he's spent the rent.
Money, Know one gets it right all the time. keep your pecker up.
Money, well will it stop, what's your loss now?
I bet your hurting what was you're price £11-12?
Lets hope the holiday season has gone well on both sides of the Atlantic for them. We'll find out first half of Feb.
Nice little rise over the last few days and then 4pm today a sudden drop! Can’t find any news or RNS linked reason for this. - Hump day selling or something more?
I've unexpectedly moved into profit.
Nice surprise for Xmas :)
Bad time we are over £7 ,nice
I'm glad to have been proved wrong, for now. Earnings profits have slowed but are still ahead of the industry average, Also, investors are encouraged by US potential.
Price target 750, from 11 week, head and shoulder price formation. However overhead supply from previous trading is at 700, which may slow down upward progress. The additional bullish case, is that WOSG, is above the historic downtrend line. In addition the sector chart has a bullish bias, and WOSG, was the top riser , in the sector today.
Watches of Switzerland said pretax profit in the six months that ended October 29 fell to GBP66.5 million from GBP82.7 million a year earlier, while revenue was down to GBP761.4 million from GBP765.2 million. Basic earnings per share fell to 19.8 pence from 27.2p. Looking ahead, the retailer of Swiss watches said it kept full-year guidance unchanged, based on "sequential trading improvement and the large showroom refurbishments reopening pre-Christmas".