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Ade1234 - you don’t know how to do any research and have extreme difficulties reading and writing.
What are the ‘costs’ you mentioned? What is the Rolex situation? And how is the cost of living crisis going to affect things moving forwards?
answer the question or we can just disregard you and your posts as mentally handicapped.
The trouble with Broker retaining, they tend to be optimistic ( I said about £450p) so they are in line with my research ATM however, they will start coming in lower in the future.
So mid summer, brokers will be rating this below £4 I would say around 350p maybe in a few months.
404x - I answered your question earlier but you seem to have conveniently avoided it and proceeded with conjecture and twaddle.
‘but beyond that the longer term picture does look grim’
Explain………or aren’t you capable?
In same position, reckon we could still see a short term dead cat, but beyond that the longer term picture does look grim
Having bought a few last Friday, I'm pleased it was only a few.
Stifel cuts Watches of Switzerland price target to 450 (690) pence - 'hold'
Downgrade, they keep coming!
Bucherer accounts for 5% of global Rolex sales….the idea that they would close down 95% of the global market access to Rolex products is absolute nonsense.
Especially given the huge investment Rolex have made in their output capabilities over the last 12 months…..rather than utilise their global network to sell their product they’re going to choose to jam hundreds of thousands of watches through 100 Bucherer stores are they?
I don’t think so.
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/
Oligarch, first time you’ve ever ventured out of your little Royal Mail box. All for yours truly. If I mean that much to you I’ll let you come round my house and act as my footstool of that makes you feel better? Just make the time and place and I’ll make your dream happen for you.
You going to carry on avoiding me with an inch of your life on IDS? I would if I was you. I mean, it is quite brutal and I’m not even trying.
Keep it up old man, I’m enjoying the attention. :-D
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.
Nicknaim - ‘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’
Do you mean floored or flawed? Lol.
Explain what you mean here…..
Nicknaming - ‘Kids Playground, Meh’
I’m pretty sure the term ‘meh’ would be found in text messages of 14 year old school girls?
Ask Ade, he’ll know. Lol.
Kids Playground, Meh
Ade1234 - ‘Money, i keep forgetting, you keep using those magic beans to buy an endless amount of shares.’
Yes, those magic beans…..also known as cash. It’s quite a recent invention it’s been around for a good few thousand years. Lol.
Where did I say I was buying an endless amount of shares? I will be buying a decent amount of them over the next few months though…….use your ‘physic’ skills to guess the share price…..am I going to be getting a load of them on the cheap??
Whatever you say I’ll add a 20% margin either way….then you’ll be close haha.
You still haven’t apologised to everybody for being wrong and lying all the time, it will make you feel better I promise.
Money, i keep forgetting, you keep using those magic beans to buy a endless amount of shares.
Ade1234 - I don’t think I’m smart. I know I’m smart and I can answer any question about this company which you evidently can’t.
‘If he was clever he would off sold at £7 FACT’
I told you weeks ago I wasn’t interested in selling my shares at 700p, you just don’t read….. probably because you can’t.
I’ve bought more shares and will be buying more shares…..FACT. Lol.
Oli, Money thinks is smart. If he was clever he would off sold at £7 FACT
For anyone wondering who OliGarch is, he’s a retired, bitter old postal worker that posts just on the IDS board.
I’ve beaten him down that badly over the years that he’s actually resorted to addressing me second hand through other posters! Haha!
This is a desperate attempt by him to try and grab a morsel of credibility but unfortunately for him this attempt just makes like look mindblowingly desperate.
You think it might make it over a fiver here? Do tell us more OliGarch….
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.....