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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Watches of Switzerland - Clamour for Rolex watches increases during lock-down

December 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • WOSG
  • Price:
  • 401p
One of the effects of not going on holiday is that consumers are spending more on high end luxury watches, which like precious jewellery and handbags, have the propensity to appreciate in value over time. This partly explains the stellar share price performance of Watches of Switzerland, which has recovered from a lock-down low of 177p to the current 401p after raising revenue guidance for the year ending April 2021 from £840m-£860m to £880m-£910m while EBITDA margins have been raised to plus 1-1.5% (previously flat).Established in 2007, Watches of Switzerland is a purveyor of luxury swiss watches such as Rolex and Cartier and in the UK (71% sales) it trades through 127 stores, which sell watches (80% turnov ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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