WATCHES OF SWITZERLAND GROUP (WOSG) Shares
ABOUT WATCHES OF SWITZERLAND GROUP
Watches of Switzerland Group Public Limited Company (PLC) is the UK’s leading luxury watch specialist operating in both the UK and US, with luxury jewellery as complementary offer.
The group comprises four prestigious retail brands – Watches of Switzerland, Mappin & Webb, Goldsmiths and Mayors and has been transformed into a modern, technologically advanced, multi-channel retailer over the previous five years.
Watches of Switserland Group was founded in Ludgate Hill in 1924. It began trading as a mail-order business under the name G & M Lane and grew to have quite several showrooms in leading retail destinations across the UK, including London, Manchester, Glasgow Birmingham, Brighton and Cardiff.
They also have outlets in four terminals of Heathrow Airport. These include three independent Rolex Boutiques.
The company was briefly known as Aurum Holdings before re-branding itself as Watches of Switzerland in advance of an initial public offering on the London Stock Exchange in 2019. Its headquarters are in Braunstone, Leicester, United Kingdom.
OVERVIEW OF WATCHES OF SWITZERLAND GROUP
- Watches of Switzerland Group retails the very best of luxury watch brands in the world including Rolex, Patek Philippe, Audemars Piguet, Blancpain, A. Lange & Sohne, Vacheron Constantin, Panerai, Piaget, Hublot, Zenith, Cartier, Omega, TAG Heuer and Breitling.
- Its showroom network includes the “Golden Triangle” of flagships in London, two flagship showrooms in New York, and increasing presence of mono-brand boutiques as well as an Ecommerce platform.
- Watches of Switzerland went international in 2017, opening its first showroom and taking over the management of the Rolex Boutique at the Wynn resort in Las Vegas.
- The next year they also opened in Soho, followed by Hudson Yards in New York. In 2019 the group celebrated hundred years of a relationship with Rolex.
VISION & VALUES OF WATCHES OF SWITZERLAND GROUP
- Watches of Switzerland Group’s values help to create a culture that supports, empowers and develops people but also ensures that it is an environmentally conscious and responsible retailer.
- The group recognises their duty to minimise their impact on the environment, therefore jewellery suppliers are asked to only purchase precious metals from recognised responsible bullion suppliers. They source from sustainable markets and visit manufacturing locations including India and China to monitor compliance.
- Carbon saved from recycling waste is the equivalent of one car being off the road for a year or six planted trees over their lifetime and their participation in a waste recycling programme saved 72 trees from destruction in 2018. Waste from store refurbishments as well as wastepaper, plastic and glass from all stores are recycled.
- With this in place the group aims to maximise return, income, growth and capital appreciation for shareholders who purchase shares with them.
MARKET PERFORMANCE OF WATCHES OF SWITZERLAND GROUP
- Watches of Switzerland Group’s shares are traded on the Financial Times Stock Exchange (FTSE) under the stock symbol WOSG listed in the Personal Goods sector.
- Revenue for 2018 was £ 631.1 m and for 2019 £ 746.0 m. The latest operating Profit was £ 44.4 m; global adjusted EBITDA £ 67.7 m (margin 9.1 %) and UK adjusted EBITDA £ 55.9 m (margin 9.7%).
- Their sustained performance in markets allows shareholders confidence to buy or sell shares and expect sound dividends and returns.
Buy WATCHES OF SWITZERLAND GROUP stocks / shares – A Step by Step Guide how to Buy / Purchase WATCHES OF SWITZERLAND GROUP Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy WATCHES OF SWITZERLAND GROUP Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN WATCHES OF SWITZERLAND GROUP STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE WATCHES OF SWITZERLAND GROUP STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of WATCHES OF SWITZERLAND GROUP stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy WATCHES OF SWITZERLAND GROUP stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?