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Im not interested in proving my credibility to you or anyone else. Everyones here for the same reason, to make money - so on that note, I wish you good fortune with your trading.
JPP88 - And you’re going to do what about it exactly? Keyboard warrior. Lol.
Why don’t you try contributing something useful rather than getting involved in someone else’s argument, you massive flange.
It’s a simple question. I’ve asked him 5 times to ‘explain’ his brain dead post in which he stated ‘costs’ and Rolex and the cost of living. He couldn’t explain his way out of a paper bag.
I’d also wager I know an astronomical more about this company and investing in general that yourself, feel free to try and prove otherwise and I’d be more than happy to sweep you around this chat board like a wet mop. Lol.
I like to try and get a scope for sentiment and see what light others can shed before I make investment decisions.
But instead we have these two idiots just arguing amongst themselves over the internet. Get a life. TheMoneyShark you just sound ridiculous. Can't string a post together without swearing or personally insulting someone.. grow up!
It's a big old world out there... Why waste your time farting around on a message board on a Sunday afternoon?
Hahahaha! Folded like a pack of cards!!
Hasn’t got a CLUE what he’s taking about.
The ‘other readers’ don’t get anything from your posts except the babbling of a brain damaged moron!
No idea what costs are, no idea about Rolex, no idea about cost of living! 450p was a million miles off! Haha.
Love to see it :-D. Dropped on your head at birth.
Money I’m getting to the stage where I would appreciate it if you dint respond or comment on my posts.
I think it will be a lot more interesting for readers and keep the conversation flowing more if you stopped interrupting me.
Thanks in advance.
Ade1234 - I haven’t predicted any price here! Show me a post where I said it would be 800p……because I haven’t you lying fat c*** haha!
You said it would be 450p and you’re a f*cking mile off!
You said you’ve looked at costs, what do you know about costs fella……we’re all waiting hahaha! :-D
Money, while you was predicting £8 I was predicting £4 a few months ago, so I know who I would be listening to now.
He doesn’t know what a cost is! Haha.
Absolutely no f*cking idea what he’s talking about.
Born in a skip and brain damaged at birth. Lol.
Ade1234 - No, I’m just laughing at your brain damaged posts! Haha!
You said you’ve looked at ‘costs’ (lol) tell me about what you learned when you looked at costs………
I assume you are now guarding this board now Money?
Tell me about the increase in shorts, this is surely bad news?
Ade1234 - Shorts are far smaller than they were this time last year and haven’t changed since Thursday? Lol.
‘I predicted £4 area a few months ago’
No you predicted four hundred and fifty pounds a few weeks ago……because you don’t know how to read or write. What you actually meant was 450p and it’s miles away from that price. So you’re brain damaged on multiple fronts.
‘after looking at costs the Rolex situation plus cost of living’
Tell me about costs, the Rolex situation and cost of living……….you haven’t got a scooby dooby my brain damaged amigo. Lol.
Have been increased also at these prices, just shows what the big institutions are thinking going forward.
How low do people think this will now go? I predicted £4 area a few months ago, after looking at costs the Rolex situation plus cost of living, but now £3-3.50? could be likely.
Must go, so I take my gorgeous wife out and have some drinks.
Enjoy whatever you have planned and be careful you don’t get hand blisters!
Profile name Money, the irony!!
This one is worth a read
https://www.watchpro.com/rolex-prioritising-steel-watch-production-prompts-watches-of-switzerland-profit-warning/
The share now has low P/E figure of around 9.5 based on new FY24 predictions, with revenue basically static yoy after the change in H2 guidance and earnings around 24-25% down on FY23.
Of course it is a business which relies on the sale of one main category of product with luxury watches equating to 88% of revenue and it is looking at constantly opening new selling space in order to further increase revenue.
You also have fewer tourists coming into Europe from the likes of China and Japan right now and they tend to buy luxury in Paris,London, etc , fewer Chinese and they are spending far less than before COVID
Shorters like Marshall Wace tend to know the retail area quite well and have a lot of experience shorting in it, so they obviously worth watching and Cube short using algorithms to help them with their predictions
The NAV is £515.8m on the books and you are paying £923.78m MCAP @ 385.6p a share , so you are paying for the earnings by buying above the NAV
All a bet on the consumer behaviour, watch market and whether earnings can bounce back ....with more retail space they win big in a revenue boom but get hit hard in more of a revenue drought
I suspect if you went to Switzerland they were talking about it
Ferrari
I dont see Rolex wanting to expand its retail footprint by buying WOSG and I dont hink many people would expect them to do so. Drops in share prices don't suddenly mean they are "ripe for a takeover" as WOSG hardly need to sell their business right now to some opportunist buyer
I think within the watch world there has been talk about what would happen to Bucherer and there has been interest shown in it and I suspect if you went to S
If I were Rolex I would make a bid for the 200 Wosg stores the current share price is ripe for a takeover target
After purchasing Wosg I would then stop supplying the smaller dealers with the desirable models or better still don’t renew their contracts or if possible end their contracts
Then I would own all Bucherer and Wosg stores
I would then have 300 retail units of which I would sell the ones that duplicated in the same geographical area
Remember the surprise purchase of Bucherer shook the watch world nobody saw it coming
Pokerchips - The only thing that is ‘blah blah blah’ is your whiny drivel. Lol.
How intelligent of you to denigrate a 4 year plan by condensing it down into one sentence of ‘blah blah blah’ you absolute cretin.
There’s a full plan and how it’s going to be achieved if you have the ability to read or if you took the time to watch the conference call on how the plan was going to executed.
I think you have to add in the fact that the Market is punishing the BOD here because
They gave out all this blah,blah,blah about their expectations by 2028 about doubling revenue and profit out to FY28 and all those ambitious plans including possible M&A, back in November
...but then showed they couldn't even get a guidance forecast right for what might occur in the short term despite what was clearly going on in the world around them
so, I suspect the likes of Blackrock and the Investment bankers have given them a bit of kicking and told them to keep their feet firmly on the ground and stay focused on the here and now ... the share price kicking from Blackrock usually is no bad thing mid term if indeed the BOD take note and do as Blackrock undoubtedly has suggested to them . Blackrock lending out shares to shorters despite having a Long position.
The BOD have of course decided to keep their guidance heads down and retreat with a much more conservative
" We now expect these challenging conditions to remain for the balance of our fiscal year."
If Bucherer with around 100 stores is worth over £4bn (that's what Rolex have reportedly paid for them)
It was a private sale so yes speculation on a sale price, as you will not find the agreed price in either the Rolex press release or the media reporting the sale
" Jean-Philippe Bertschy, an analyst with Vontobel Holding AG, put annual sales at Bucherer’s more than 100 stores at about 2 billion Swiss francs ($2.3 billion), giving the firm an enterprise value of as much as 4 billion Swiss francs. He estimated Bucherer accounts for about 5% of Rolex’s sales."
An EV of " as much as " 4b Swiss francs = £3.63 billion
The sale included the stores, the house brand Bucherer watches and of course the name and reputation
https://fortune.com/europe/2023/08/26/rolex-to-buy-bucherer-in-deal-resetting-luxury-watch-business/
This blog incidentally is very detailed in terms of the sale and what/why etc regarding what it means to Rolex
https://www.ablogtowatch.com/rolex-buys-swiss-bucherer-watch-retailer-group-what-now/
Fordy88 - I’ve just checked and you are correct, Rolex paid £4.5bn to acquire Bucherer…….ill repeat that…….£4.5bn!
That’s for 100 stores!
The value of Rolex itself if £10.7bn, so they’ve paid almost half of the value of the business just to buy those 100 stores.
So now there are over 1500 remaining Rolex retailers worldwide………and they’re going to buy them are they? Of course they are…..
Let the idiots speculate. Lol.
I'm m not arguing mate I'm just talking to you.
If Bucherer with around 100 stores is worth over £4bn (that's what Rolex have reportedly paid for them) then its stands to reason that WOSG with over 200 stores is worth more than the mcap of £1.4bn.
With that I'll bid you goodnight.
Good luck all
Ade1234 - Don’t get involved in big boy talk when your s brain damaged wreck.
You’ve looked at the store costs? Lol. What are they seing as though you’ve looked at them. Lol. Absolute d*ckhead.
What Rolex problem. Explain it to me.