Member Info for Watchman007

My reservation with that is that Jeffries are their house broker and I am not comfortable with them running a buy back schedule. That and the fact that the share price has been manipulated for over a year since the shorters gained a foothold makes me think that this is one for the sock draw. I would never have said this a year ago but they are even ripe for being bought out, but not at a price that would realise their potential. Most of the board are sitting on fat profits even at this level and CEO Brian Duffy is well past retirement age.

Not up to their usual high standard of openness. Like I say, hopefully they'll reveal numbers at AGM, the'll certainly know what they are.

No numbers included today which is a worry. I'm guessing revenue is on track but margins are squeezed. US second half weighted could read 'we hope to recover in second half' and 'increased certainty on new stores coming online' could read we're relying on them to bolster revenue. Maybe they're be more detail at the AGM.

Not looking good on todays activity. Hope I’m wrong.

3rd september

Probably more to do with whats going on the markets in general than anything WOS has or hasn't done.

Q1 update will be next month. I wouldn't hold your breath, I think the best we can hope for is 'as expected'.

Swatch and Burberry are both impacted by lack of sales in the Chinese market. This doesn't effect WOSG directly.

That is the last quarter's trading update. The year end results will be next month.

Here here to all you said Sheltie.

I'll be able to get these out of my sock drawer and just about break even there or there abouts and will avoid going anywhere near where you know who goes next.

Sheltie,

Congrats on RR and I share your opinions on the increasingly frantic posts from some PIs. Like you I lost a similar amount but went back in and will recoup nearly all with this TO. I said I'd leave in the sock draw and shut up which is exactly what I have done, unlike some who have said 'thats all from me for a while' and then cascaded nonsense at an ever increasing rate.

Good luck to you in the future, though as we say in golf, 'the more I practice, the luckier I get'.

Qube are doubling down on their position.

*Birks. Not borja

They have no interest anywhere else. They got a foothold in USA ten years when they bought Mayors from Borja, a Canadian jewellery supplier who were keen to offload the stores as non core to their business. WOSG attempt to get into Europe has been an expensive failure and I doubt they want to repeat that further afield.

Looking at the Long Range Plan it appears they have acknowledged that the European Expansion through opening mono brand boutiques, mainly in Scandinavia so far hasn't worked. I know sales were struggling even before the profit warnings over the recent months but at the time they were relaxed about this because they were using them as a stepping stone to getting a mainland European Rolex AD set up. Rolex's Bucherer hook up and the economic outlook has made that a longer term plan. "We are in negotiations with our brand partners for the transfer of our existing European mono-brand boutiques." to me reads they have given up on Europe for now.

It is encouraging to see them opening a couple of Rolex stores in the US this year and the following link is one for 2026.

https://www.watchpro.com/watches-of-switzerland-opens-in-midtown-manhattan-without-rolex-or-patek-philippe/

I am unconvinced by the Roberto Coin aquisition despite the favourable numbers it seems to generate as I doubt many of their competitors will be overjoyed at giving their money and sales figures to WOSG in exchange for continuing to sell RC.

The management have consistently demonstrated their ability to adapt to trends and admit when things hsven't worked out. Overall I think they may just hit their long term goals.

Good to see Qube reducing their position. Would've made a tidy profit over past year or so. Sensible ahead of TU. Hopefully they know something.

"Probably makes sense for them to move needle more towards being a first party retailer of jewellery.

Let's be honest otherwise being a third party retailer of Rolex and other major watch brands isn't a great position to be in long term, when those brands can pull the plug at any time, and already have their own superior direct to consumer offerings."

This is by no means a game changer. WOSG aren't a third party retailer, they're a retailer. The major brands have tried and failed to retail their goods direct. That is why WOSG and others run Rolex Boutiques, Omega Boutiques, Breitling Boutiques etc. The brands don't have the necesary experience or inclination to run retail networks. And that is why Roberto Coin is selling its US distribution arm to WOSG.

WOSG already runs a Fope Boutique in New Bond St with very limited success and I see little in Roberto Coin that will make any noticable difference.

Sorry if I missed something but where was there a reference to doubling stores? Even if true, the CE would be ridiculous. This is treading water for a while and £5 -£6 aint getting it.

Not a great look when your own house broker has to downgrade.

Jefferies cuts Watches of Switzerland price target to 440 (460) pence - 'buy'

Has almost retraced back to where it started from five years ago. Have fundaments changed that much from two and a half years ago when it was £12? Same management as then, more US presence than then. Either this is being manipulated or there is a dirty little secret being kept hidden. Next update is May.

With five stores at Heathrow this is a small chink of light

https://www.standard.co.uk/business/business-news/heathrow-records-highest-february-passenger-numbers-b1144434.html