The Hour Glass

(06-01-2016, 08:26 PM)Boon Wrote: http://infopub.sgx.com/FileOpen/_JCFORM1...eID=384840

Jannie Chan sold off 1.5 million shares...................
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http://infopub.sgx.com/FileOpen/_JCFORM1...eID=384916

Another 3.5 million shares sold.................
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The Hour Glass ($0.73) - Wondering who is this rich buyer? Program buying from $0.70 all the way to $0.78... Seems that this investor likely had already accumulated more than 10 million shares in the past 3 months...

The Hour Glass ($0.74) - THG share price has been staying resillient despite the global stock market rout. If one is cash rich, of course this may arguably be one good stable company to invest in. However, with so many other counters that had fallen more than 50% from their recent high, it may provide a good arbitraging opportunity for THG shareholders to exit at current level in view that Q3 results is flat.. (Caveat Emptor).

http://www.straitstimes.com/business/the...ls-2-in-q3

(03-02-2016, 11:20 PM)crabcrab Wrote: The Hour Glass ($0.74) - THG share price has been staying resillient despite the global stock market rout. If one is cash rich, of course this may arguably be one good stable company to invest in. However, with so many other counters that had fallen more than 50% from their recent high, it may provide a good arbitraging opportunity for THG shareholders to exit at current level in view that Q3 results is flat.. (Caveat Emptor).

http://www.straitstimes.com/business/the...ls-2-in-q3

I do agree that Hour Glass is a good stable company to invest in, more so if you compare them to their competitor Cortina. Better profit margins, financial health, ROE, growth rates etc.

Their 3Q16 earnings are decent in my opinion consider the current economy downturn we are in. Other companies such as Osim that is very much related to discretionary spending had severe profits drop. Even COE Cat B is dropping like mad. Went to their private sale held recently in Jan and do see decent crowd. Most watch brands were on sale at 50%, except those higher end brands like Rolex and Patek which according to them will never be put on sale.

A concern would be their increase in stock inventories but stagnant sales over the past quarters. Not sure how much allocation are due to retail expansion vs drop in demands. This has caused their cash conversion cycle to reach all time high (took the figures off morningstar). A long term risk to watch would be the day when the craze about these swizz-made watches would end and be replaced with simpler time telling watches. maybe be a solar-powered, g-shock resistance iwatch?

(vested since 2014. not vested in any of their watches)

The Hour Glass ($0.74) - According to the Sgx announcement recently, Dr Dato Jannie Chan had disposed off 5.0 million THG shares at a good $0.78 per share. This may signify that THG may be toppish at current level. Another issue is liquidity of THG. If not because of this recent cash-rich buyer/s who has/have initiated program buying almost everyday to support the share px of THG at between $0.70 - 0.78, those who wanted to exit THG may find a great problem in this mkt rout and share px is likely to tank.. Looking at the past few months transactions, millions of THG shares hv been sold but price remained.. This buyer must be super rich.

(05-02-2016, 10:02 AM)crabcrab Wrote: The Hour Glass ($0.74) - According to the Sgx announcement recently, Dr Dato Jannie Chan had disposed off 5.0 million THG shares at a good $0.78 per share. This may signify that THG may be toppish at current level. Another issue is liquidity of THG. If not because of this recent cash-rich buyer/s who has/have initiated program buying almost everyday to support the share px of THG at between $0.70 - 0.78, those who wanted to exit THG may find a great problem in this mkt rout and share px is likely to tank.. Looking at the past few months transactions, millions of THG shares hv been sold but price remained.. This buyer must be super rich.

It almost sounds like a takeover is going to happen. They finally found a China buyer to buy over their business?

Global Smartwatch Shipments Overtake Swiss Watch Shipments in Q4 2015
by Neil Mawston | Feb 18, 2016 
PRESS RELEASE
Boston, MA - February 18, 2016 - According to the latest research from Strategy Analytics, global smartwatch shipments reached 8.1 million units in Q4 2015, compared with 7.9 million Swiss Watch shipments. It is the first time ever that smartwatches have outshipped Swiss watches on a global basis.............................................

https://www.strategyanalytics.com/strate...shnUMdYm8U
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(20-02-2016, 09:21 PM)Boon Wrote: Global Smartwatch Shipments Overtake Swiss Watch Shipments in Q4 2015
by Neil Mawston | Feb 18, 2016 
PRESS RELEASE
Boston, MA - February 18, 2016 - According to the latest research from Strategy Analytics, global smartwatch shipments reached 8.1 million units in Q4 2015, compared with 7.9 million Swiss Watch shipments. It is the first time ever that smartwatches have outshipped Swiss watches on a global basis.............................................

https://www.strategyanalytics.com/strate...shnUMdYm8U
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I reckon, only those lower-end Swiss Watches are affected, not the luxury brands. I have read, that Swatch has badly affected. The company biz shouldn't be seriously affected

(not vested)

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Swatch Group AG shares dropped 2.7 percent to 370.70 francs as of 10:28 a.m. in Zurich. Cartier maker Cie. Financiere Richemont SA fell 2.1 percent to 74.10 francs.
“The development in the low- and mid-end is an issue for Swatch Group, whereas Richemont has with its high-end brands less of a negative impact from the August figures,” said Rene Weber, an analyst at Bank Vontobel AG.
High-end watches, wholesaling for more than 3,000 francs, gained 1.7 percent in value last month. The country’s largest watchmakers are closely held Rolex, Swatch Group and Richemont.
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http://www.bloomberg.com/news/articles/2...end-models

Actually, if I am not mistaken, Singapore bucked the worldwide trend and luxury swiss watch sales actually grew 9% in Dec 2015.

http://www.diamonds.net/News/NewsItem.as...+to+Falter

The Hour Glass ($0.74) - At this price level and given the current economic conditions and luxury retail discretionary spending sentiment, THG is currently trading at fully valued price IMHO. Counter parties buyers in the last few months are mostly the same few foreign houses (UBS, INET, JP...) - but they seems to be very strong buyers, able to absorb most of the selling. So since they are still interested in buying at this price level, it opens up a golden window for existing shareholders to exit THG at this price level....

Good Luck to all who are still holding... (Crab have exited THG )