WOSG revenues are mainly coming from the US and expanding. Luxury watches are very safe investments in times of war, uncertainty and high inflation. IMO they are a better investment than gold because not only people will wear them, but their price rises more than that of gold that is just sitting hidden. Interesting if someone can compare within 10 years, the value of gold versus the value of a Rolex Daytona for example.
In times of war and uncertainty the precious metals and luxurious items are collected as they are better and safer than cash that can lose its value if there is devaluation and inflation. In addition, people are more and more investing in luxury watches as their value keeps going up, far better than gold or leaving money sleeping in a bank at almost 0% interest. Holding a vintage Patek Phillipe or a Rolex watch for a few years is far better than holding its equivalent in gold as the watch price keeps rising year on year. To check this, one can simply compare today price of say a Patek Philippe or a vintage Rolex with its price 10 years ago ! Amazing how the price grew by more than 30%. WOSG gives great exposure to this sector. Once they complete their expansion, WOSG may introduce dividends in the future. This will be a perfect win/win investment. Holding a growth and dividend stock. The results also convinced me of the long term growth now. Many Private Investors will realise - sometimes a bit late - but it is still a strong sound long term investment. Bought more in today weakness to accumulate for the long term.
True - I would add that with the conflict with Russia going on with a possibility of worsening with time, AVON products will certainly be in great demand from NATO members and other European armies and also from countries around the conflict zone. This is probably the best time and entry point to start a position or accumulate in AVON and hold for a 1/2 years - if not taken over by then. Just for a mere $635 million bid, we get £20 a share ...
a Takeover could easily happen one morning at 7.00am. Avon is a cash rich easy target with very special products that will complement any civil or military safety manufacturing big company.
Half year results will be released on 3rd of March. Customer base in increasing exponentially as the number of customers rose from 5000 to over 6000 in just a few months. A huge achievement. Then we had these multi-million dollars contracts with large multi-nationals is another proof the company is quickly dominating this sector.
RE: 24.8% potential upside indicated by Peel Hunt17 Feb 2022 11:22
Topped up a few times this week. A good opportunity to be exposed to this sector that is normally independent of any geopolitics as internet security is a 24H/24H must for any organisation/institution/company. This should be tightly held and left to mature for a few years if not taken over by then (2/3 years max).
One month left for the results. IMO it will start going up again. Asfari and Schroders accumulating stock may take it over with other institutions or a group of investors. They are approaching 40% ownership between themselves. Just a feeling...
Excellent results; excellent growth via new market penetration in Europe and opening of new shops all over the US. People are more and more investing in luxury watches as their value keeps going up, far better than gold or leaving money sleeping in a bank at almost 0% interest. Holding a Rolex watch for a few years looks far better than holding its equivalent in gold as the watch price keeps rising year on year. To check this, one can simply compare today price of say a Patek Philippe or a vintage Rolex with its price 10 years ago ! Amazing how the price grew by more than 30%. WOSG gives great exposure to this sector. Once they complete their expansion, WOSG may introduces dividends in the future. This will be a perfect win/win investment. Holding a growth and dividend stock. The results convinced me of the long term growth now. Bought more today and will hold for a minimum of 5 years.
Next Monday the 14th, at last, they will finally close the SFO issue once for all by paying the last fine. This could be the trigger for recovery as the worst case scenario that could have sunk the company will be buried once for all.
Or possibly anticipation by Asfari and friends - in the gulf - to make a bid. Asfari is the owner of almost 89 million shares. £6 per share is a mere 3.5 billion for a company that makes almost 4 billion with a SP touching £10 a few years ago. They can de-list and get the dividends for themselves forever ...