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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Watches of Switzerland - Cluster buying by directors

October 2023

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:
  • 587p
When Watches of Switzerland, a purveyor of luxury swiss watches such as Rolex, listed at 270p in May 2019 it could do no wrong and aided by well-heeled consumers redeploying un-used holiday budgets into fancy time pieces, the shares hit £15 in late 2021. This is backed by dynamic growth with revenue and EBIT profit CAGR of 16.2% and 40.2% between FY’15-’22. The shares had already come off with the cloudy economic outlook but investors were spooked last month when Rolex, WOSG’s largest customer and with whom it has longstanding supply agreements, acquired another retail partner, Bucherer and amidst fears it might cut out distributors like WOSG and sell direct to the consumer, the shares tanked over 20%. However, WOSG stated that privately ...

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Watches of Switzerland (December 2021)
Watches of Switzerland - Clamour for Rolex watches increases during lock-down (December 2020)
Watches of Switzerland - Dominant retailer in expensive swiss watches makes confident debut (July 2019)

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

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