The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Mosman couldnt extract the Helium or do a deal to the same effect if their lives depended on it! Iv been here for years and its the same story over and over, its either an inability to get the job done or unwillingness to. We get raise after raise which is nothing more than shortterm-ism, can kicking, wind and bluster. Everyone in this share should reduce their expectations down to the lowest possible level when it comes to Mosman.
I hear what you are saying, but people need to look past the "Its working perfectly " notion "why upset the apple cart".....
Do you really think Rolex has bought Buch as a bit of a jolly? Do you think they are stupid and don't know exactly what they are doing? Do you think they bought Buch in some sort of irony encased exercise like a lot of their customers buy watches and just put them in the top drawer and dont use them?? I would say medium term is 3-5 years. We know there are only 100 Buch stores world wide vs 1,800 or so Rolex AD's but too many people are thinking about this difference as some sort proof or guarantee that change will not occur. Again do you honestly think Rolex bought Buch to keep the status quo?? Do you think that Rolex needs all 1,800 AD's? What percentage of these AD's are underperforming? would consolidation provide benefits? Could Rolex roll out flagship Buch stores whereby several AD's are consolidated....what is it about 1,800 AD's that so sacrosanct?. There absolutely is other business models that will result is finer control, a better customer experience and higher profits than the current model. It is absolutely possible that in 5 years time Rolex could have 500-800 stores worldwide under the Buch name ( perhaps with a handful of AD's or perhaps not) and people would happily travel to these locations in order to view all the Rolex collections under one roof rather than a small slither of a display at an AD (slight simplification). I agree with you that there isn't any guarantee in upsetting the apple cart and that this will be agro, but that does not explain away the Buch purchase or push away what appears to be a consolidatory/disruptive move. I am sure Rolex have tried to calm all their AD network with regards to supply, like I said in the short term nothing will change, but have they guaranteed supply forever? the £1m share purchase by company directors is a guarantee of precisely nothing, are these locked/vested shares for say 5 years?? I think not.
The reason for Rolex acquiring Buch is obvious, when a Rolex AD makes a sale the AD receives circa 40% of the purchase price and Rolex collects the rest. By acquiring Buch and selling via your own you increase your take by circa 40% overnight (slightly over simplified I know by stay with me), lets call this the "uplift". Now, what does this mean for AD's like Goldsmiths and WOSG et al...well in the short term not very much will change, it will be business as usual as there are not enough Buch stores to service the customers. Yet!. In the medium term I would expect Buch stores to be rolled out in a major push in order to realize the "uplift". One of two things will happen thereafter, either Rolex will go it alone (unlikely) or more likely they will renegotiate what the AD gets for a sale. They may even introduce a Two lane system whereby AD's get to sell just the bread and butter models whilst Buch serves customers for the more desired models/higher end. The key part of Rolex acquiring Buch isnt just the ability to sell its own watches, but moreover in the event it acquires other watch brands that are currently sold by Buch which I think is likely to happen. All just IMHO.
Looking at this share now just reminds me of that scene in Wolf Of Wall St "The name of the company, Aerotyne International, "It is a cutting edge high-tech firm out of the Midwest awaiting imminent patent approval on the next generation of radar detectors that have both huge military and civilian applications now"......
I have learned a lesson here and thankfully it hasnt cost me too much, but for me what we have had from this company (if you can call it that) and moreover the board is a fudge from the share consolidation earlier this year to now.... a car crash in slow motion with little to no regard by the board for small shareholders. As I said two weeks ago there is nothing to put the reins on this whatsoever.
They only want out because they bought in high, the actions of the 3 Directors recently paints a different picture entirely.....
I think we are looking at circa 3.5 by month end. There simply is nothing in the pipeline (new) to put the brakes on here, the rise recently to 25 looks to be a classic pump before the crappy news of recent. Next stop is the cash call before December.
Your use of the phrase "too much trust in statements" is too true!, I have learnt the hard way and I have now put MSMN in the same box as RMM, EQT & KZG - the bin. You live and learn as they say, I now consider all aforementioned as borderline garbage to which I wish I had never looked into.
I am starting to think this yet again another lifestyle stock for said Directors, smoke and mirrors with this and that glossy project, a few big names in there with the loosest of agreements/colab's, topped with a bit of Jam tomorrow.....
Haven't be here for close to a year but how the might have fallen! Sold out at 53. For all those still in and who pumped this garbage don't worry, "when the design freeze hits this is gonna rocket! You won't wanna be out in the cold on this one!!."
Having been here for years with the "bungle" like behaviour of GR it is now interesting to see that the market really does see value here nonetheless. Are we at a stage where even with GR in charge the huge value of what lies underfoot makes that irrelevant?