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Watches of Switzerland

December 2021

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:
  • 1300p
As well as posting fantastic box office sales, the latest James Bond film “No Time to Die” seems to have spawned a surge in demand for the Omega Seamaster Diver 300M 007 edition watch, which each cost just under £8,000, in the UK and US and this has helped Watches of Switzerland Group, the purveyor of luxury Swiss watches, lift full year sales guidance for FY’22 from £1.05-£1.1 billion to £1.15 billion and EBITDA margin by 1% to +1-1.5%. Having lifted forecasts only last month, Jefferies expects to upwardly revise them again but even as things stand it forecasts Watches of Switzerland  to increase operating profit from £77.6m in the year ended April ’21 to £107.7m, £1 ...

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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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