image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates and Ideas

Watches of Switzerland - Dominant retailer in expensive swiss watches makes confident debut

July 2019

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:
  • 295p
Watches of Switzerland, a purveyor of luxury Swiss watches such as Rolex, Tag Heuer, Omega and Cartier, enjoyed a strong debut after being placed at 270p on the main market and rising to 312p in a listing that raised £140m net new money. This, alongside new banking facilities, will be used to redeem a £265m bond and reduce net debt to c. 1.6x EBITDA. Private equity group Apollo Global Management also sold £220m of shares. The reason for the strong share price performance is that following the appointment of CEO Brian Duffy in 2014 (ex Ralph Lauren, Sara Lee and Celtic football club), its recent record has been excellent with revenues rising from £410m to £631m between year-end April 2016 -2018 and from &poun ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Watches of Switzerland - Cluster buying by directors (October 2023)
Watches of Switzerland (December 2021)
Watches of Switzerland - Clamour for Rolex watches increases during lock-down (December 2020)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X