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Yes, that’s my point. They are completely and utterly dependent upon third parties and, like you say, their model seems old hat (mix of brands) and arguably weakens the exclusivity of the big brands. Good luck with your trade.
I'm in for a quick trade today anticipating rebound but may have jumped in too early judging by Wace and Qube increasing shorts after drop.
Longer term I believe the company will steadily decline but not because of demand for watches/jewellery softening - luxury market is and will remain robust despite what naysayers say. Just look at steady revenues of LVMH/Richemont/Hermes etc over last year despite global turbulence.
The WOSG problem imo is 1) over exposure to weak UK market 2) more importantly their dependence on the brands particularly Rolex for supply. Leaves WOSG very vulnerable when the companies they rely on can pull the plug at any moment. To be honest it's already happening, most have a direct to consumer offering because why wouldn't they, by cutting out the middle man they can control supply, set prices and maintain their brand strength by not being sold in a mixmatch of brands type shop.
If you want a Daytona, try Michael Spiers in the South West.
My issue with WOSG is it’s just a retailer of third party products. How long are its contracts with the suppliers, and what’s to stop them jumping in bed with someone else?
Fordy88 - I’d be careful talking sense and facts amongst this bunch of idiots. Lol.
Follow the facts, not the losers on this board.
Waiting lists for lots of Rolex models (Daytonas, GMt's Subs etc) are still huge and there's people on the waiting lists been there for years. As soon as a watch comes into the store it's sold the same day after a few phone calls. Im on the list at 3 different stores for models and I haven't had a call in over 12 months. Rolex have recently ramped up production and they still can't satisfy demand. Dont believe me? Have a look on Chrono24 or other used watch websites to see how much the above second hand models sell for ABOVE the rrp. People pay thousands over RRP just to get their hands on one.
December was a washout across the UK for retail not just WOSG the data this morning confirmed it. Yesterday's sell off was a massive over reaction.
IMHO
No response. Which usually means you’ve got f *ck all to say because you’ve been beaten around the head with the facts.
I won’t bother putting humpty together again.
Tard.
Any thoughts from anyone other than the ‘tard?
HumpyDumpy - I’d stick to what you’re good at pal. Fall off a wall and shatter into a thousand eggy pieces. Lol.
You’re evidently clueless. About the watch market or business in general. Rolex have invested over a billion into their watch manufacturing capabilities and theres still a huge gap in the supply and demand of high end luxury watches.
One bad quarter out of the last god knows how many when GDP and retail unexpectedly fell across the board in December means very little in the grand scheme of things.
It was still double digit growth in the US which is the biggest market by far. It’s the diseased UK market which was lagging which may not be as much of an issue in the coming years as their market share over in the US increases further.
LWHL - ‘For a quick turn, HD. Obviously some strong inside buying early next week might help the likes of JISA-boy, but IMO I agree with the other poster who sees a 360-400p range until next news. Give or take here or there, naturally.’
The likes of JISA boy who schooled you over at BARC whilst you were pathetically predicting a banking crisis? That JISA boy? Lol.
I’d stick to flapping over at BARC if I was you. At least that’s amusing.,
But why? Other than just thinking the drop is overdone (which I don’t think it is; I think it’s just overdue) and you may make a quick turn? Is it just day traders here now; and those who are in too deep and are clinging on in hope? That came out a bit harsh; but my point is, with the watch bubble popping, can anyone point me in the direction of anything that would actually support an improvement in the fundamentals of this company from here and a corresponding increase in the share price. No matter what way I look at it, I can’t see it at these prices or anything close to it.
Worth buying in here at 3.50p, if it gets there.
For a quick turn, HD. Obviously some strong inside buying early next week might help the likes of JISA-boy, but IMO I agree with the other poster who sees a 360-400p range until next news. Give or take here or there, naturally.
Money, I can tell you’re gutted, so I’m going to stop winding you up.
Genuinely interested in why people are buying this? The watch market is obviously having a major correction after a massive bubble, and no one in their right mind is buying new at retail prices (at least not for investment purposes in any thing like the same numbers they were). So far as I can see this is just a boggo retailer who rode a wave but is completely dependent upon the whims of the manufacturers, with no long term security and no real advantage over competitors. For those that have just gone in, how do you think this is going to turn around? Genuine question.
LWHL - ‘I kept my promise, baby shark. I commented on the BARC chat board in late December, stating my delight about being wrong about the serious market correction happening by that point. I was. And I am. My p/f is much healthier for it. Just like your JISA is, I am sure.
Nothing wrong with being wrong. And being open about it. Try it sometime. It might set you free.’
Right, so it was you talking b*llocks on the BARC board as I pointed out to you….and you were totally wrong.
So what are we talking about again? Haha.
Ade1234 - show the post where I made any predictions on
The share price in watches of Switzerland. Oh that’s right. I haven’t. Unlike you who said £450 and now it’s £3.80. Way off, just shows how brain damaged you are. Massive head trauma?
I’d offer to help you but I enjoy watching you struggle through life too much. It makes me p*ss myself. Lol.
You’ve moved your price target another 200p even though you were way off the first time. Love to see it!
When will I be buying these shares for 250p? I could do with some more good news.
I kept my promise, baby shark. I commented on the BARC chat board in late December, stating my delight about being wrong about the serious market correction happening by that point. I was. And I am. My p/f is much healthier for it. Just like your JISA is, I am sure.
Nothing wrong with being wrong. And being open about it. Try it sometime. It might set you free.
On a serious note are you ok??? It’s easy to laugh at you for totally predicting this incorrect etc but seriously having a massive financial loss is hard do
You need to talk??? We will listen.
Money, my mind changes with new information, never just stick with the same thoughts.
And don’t just assume this will go back up, look at Boo Hoo £5 a while ago 30p now
LWHL - Nicely avoided on the BARC front, I’d have avoided it as well because it was extremely embarrassing for you to talk about an impending financial crash. You wet wipe.
Enjoy your weekend, hope the sky doesn’t fall in around you this weekend. Haha.
Just try not to spend all of daddy's money, or he might lock you in the basement again.
Anyway, I will let you get back to your online gaming. Good weekend all.
Hopefully this one hits my TP in the next few weeks, so I can move on to something else, and baby shark will be able to marvel at his ISA account :)
Ade1234 - ‘Broker ratings are £4 now and re rated to Hold, I would sell this dog now in six months I bet broker ratings will be saying £2.50 etc’
That’s great news! Thanks for the massively good news. Re-ratings down to 250p ‘etc’ great stuff. I’ll be buying a load more shares at 250p and you’re guess of 450p makes you look even more brain damaged! Which I didn’t think was possibly!
Win win for me. Lose lose for you! Haha.
Baby shark, talking about your monthly ISA allocation deposits, while aggressively attacking other posters here who have far more credible profiles than you do. And I reckon far deeper pockets than you too. Behave.
I remember your nonsense from the BARC chat board. Let me guess? You now have a million shares in that one?
Anyway, I had a buy order here in the 380's yesterday, which means I am now a shareholder here too.
Just a small punt, so I assume we probably hold about the same number of shares at the time of print.
I was not going to post here, as I see this as a potential trade...but I feel disinclined to stay silent when I see your sort polluting these chat boards.
Broker ratings are £4 now and re rated to Hold, I would sell this dog now in six months I bet broker ratings will be saying £2.50 etc
Ase1234 - ‘Shut up pork chop.’
The brain damaged nonce is broken, has nothing else to say! Haha. Love to see it!
Good to see he knows where he belongs in the food chain. Rock bottom! Happy days! :-D