Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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16th of May Q4 - FY24 Trading Update. We shall see what progress this will bring.
From Place North West:
Luxury Swiss watch brand to open on Manchester’s King Street
26 April 2024 14:35
Dan Whelan
Comments (11)
Audemars Piguet has become the latest brand to commit to the city’s high-end retail enclave, taking the 13,000 sq ft former Jack Wills store.
Swiss firm Audemars Piguet has earmarked its Manchester store for its AP House concept, intended to offer an elevated retail experience for shoppers by providing one-to-one appointments in bespoke private rooms.
There are AP House outlets across the globe in cities including London, New York, Barcelona, Tokyo, and Zurich.
The company announced its intention to open an AP House in Manchester last year but did not confirm where.
Audemars Piguet works closely with Watches of Switzerland Group, which has submitted plans for the store at 35 King Street.
The store, owned by DTZ Investors, has been largely empty since 2020 when Jack Wills vacated it, although there have been several pop-up concepts in the intervening years.
WOS plans to undertake “a high-quality refurbishment of the original Georgian property, bringing it back into use as a retail store based on a townhouse concept”, according to a planning statement prepared by Savills.
To learn more about the scheme, search for reference number 139243/LO/2024 on Manchester City Council’s planning portal
Bullish divergence pivot suggest sp target of 488 for pivot time target of 24/5/24. The underlying sector, is not strong, however potential bid talk could revive equity. No obvious price breakout, which would be required to attain 488. DYOR.
At £8 a share WOSG market cap will be only be £1.9B, targeting £3B sales in 2028.
DARK was taken over at £4.5B
Today Darktrace is taken over by Thoma Bravo, after AAL approached by BHP.
I am convinced many UK listed companies will be taken over and WOSG is a top candidate.
£5.50 PT
Lovely
Not specific to WOSG. Most stocks are all down today apart from a few pharmas and (AAL approched by BHP.
Thanks guys/girl's for your quick response very much appreciated 👍👍
US GDP growth slower than expected
Think we break this tomorrow.
Anyone know why the sudden drop?
BHP making an offer for AAL. Is this sector going for consolidation too ... ? I think it will and very soon while shares at at their lowest = Positioning before the economies fully recover .
Hit by China predominately-20%
Most of our sales go elsewhere so perhaps not so much of an issue then
I was just about to agree but then listening to Kering/Gucci update on Bloomberg now. 18% down and large hit to profit in H1
Doesn’t bode well for us today but sure we’ll bounce
Trading update, is due 18/5/24, so take that date into account, for my projected target date of 24/5/24.
Short sellers, in WOSG, are reducing according to the short positions record, which is bullish. DYOR.
The RSI, positive divergence, relates to the sp, troughs of 18/1/24 and 22/3/24, encompassing more than 2 months.
Using the first trough as the positive divergence pivot, projects a sp target of 489, with a time target date of 24/5/24.
The RSI, is expected to have risen above 50 today, and the uptrend should remain intact, while the RSI, remains above 50. DYOR.
440-460p is still higher than what the current price is.
This is an excellent buy and hold - even getting to 400p is a decent return.
Not a great look when your own house broker has to downgrade.
Jefferies cuts Watches of Switzerland price target to 440 (460) pence - 'buy'
Agree that holding luxury watches is equal or even better than holding physical gold.
Easier to sell and price depreciation as is in gold is minimal.
Rolex and other top end watches seem as valuable as gold atm
https://www.bloomberg.com/news/articles/2024-04-08/allfunds-uk-stocks-touted-as-favorite-m-a-targets-in-survey
Shorts closed some of their position yesterday. Good to see
I agree, me too
Every time we hit lows, the price rallies.
Somebody is buying up
It still appears on the hit list of takeover targets too, so maybe LVMH might be in the market for us?