The Hour Glass

[vingaard]

The company is in good hands but the industry prospects do not appear bright.

Vested but looking to dispose.


Sent from my iPad using Tapatalk

[psslo]

Luxury watch market has been signaling recovery for some time now, but valuation is better in HK.

I am vested in Oriental Watch & Emperor Watch. Both spiked up today on good news from Emperor. However, as they are both still at net-net valuation, it's still not too late to catch the boat, in my opinion.

https://www.reuters.com/article/brief-em...SFWN1PI0RT

[opmi]

One more - Hengdeli

[crabcrab]

The Hour Glass ($0.67) - This watch company has been fairly valued based at current price since 2 years ago. It has been hovering around this level range for sometime already. Don't look anything interesting for now.

[crabcrab]

The Hour Glass ($0.70) - It was once a $1.00 - $1.20 share with only about 120million shares issued and had dropped to around $0.40 cts per share during the financial crisis in 2006 before it rose to about $2.00 a few years back. Then, there was a share split of 2 for 1 shares and the share price again rose to about $2.00 subsequently. The no. of shares issued was around 240 million shares. Subsequently, a 3 for 1 bonus shares split was announced and the no. of shares issued was tripled to around 720million shares. Share price had dwindled from around $0.85 to $0.70...

However, net profit was pretty flat for the last 2 years with a possible declined this year. Unless one had bought THG before the first or second share split, THG is currently considered to be fully valued at current price level.

It is just plain lucky that a cash rich American fund is buying aggressively into this THG at this juncture. Else we will not get a buyer who is able to support the selling of such large quantity of THG from those shareholders stuck with large qty of THG shares for years and had waited for the opportunity to cash out and exit THG in the last few month at this price level amid the downturn. The trading volume of married deal in millions simply explained that.

Today's THG price is already equivalent to about $4.20 a share before the first share split but let's be reminded that its profit did not actually yet climb five fold. However for those who are cash rich and with a longer time horizon, this is still a good company with a prudent management team that is worth consider to invest in.. good luck.  (Caveat emptor)

Thanks crab2 for the short summary,
it's a nice reminder, personally i think THG and the FMC fund is of similar nature, smart-money at work!

Just a refresh of this post for reference for those who had missed out my post in 2016.

[edragon]

Luxury watch market has been signaling recovery for some time now, but valuation is better in HK.

I am vested in Oriental Watch & Emperor Watch. Both spiked up today on good news from Emperor. However, as they are both still at net-net valuation, it's still not too late to catch the boat, in my opinion.

https://www.reuters.com/article/brief-em...SFWN1PI0RT

Wonder how much is the Macau market meant for them?

[dydx]

Luxury watch market has been signaling recovery for some time now, but valuation is better in HK.

I am vested in Oriental Watch & Emperor Watch. Both spiked up today on good news from Emperor. However, as they are both still at net-net valuation, it's still not too late to catch the boat, in my opinion.

https://www.reuters.com/article/brief-em...SFWN1PI0RT

Wonder how much is the Macau market meant for them?

THG does not have a retail store in Macau but continues to cover its key markets - Singapore, Malaysia, Thailand and Australia - very well.  It pays to take a good look into THG's individual markets and retail stores coverage in each market - by way of different and differentiated store formats: THG boutiques, single-brand boutiques, thematic salons, and Watches of Switzerland boutiques....
http://www.thehourglass.com/boutiques/
and also the Watch Talk blog to better appreciate the beautiful products THG represents and distributes into the regional market....
http://www.thehourglass.com/blog/

[Choon]

China Considers Legal Gambling on Hainan Island

https://www.bloomberg.com/news/articles/...mark-shift

A negative news for THG (less Chinese gamblers visiting Singapore) and Genting?

[psslo]

Luxury watch market has been signaling recovery for some time now, but valuation is better in HK.

I am vested in Oriental Watch & Emperor Watch. Both spiked up today on good news from Emperor. However, as they are both still at net-net valuation, it's still not too late to catch the boat, in my opinion.

https://www.reuters.com/article/brief-em...SFWN1PI0RT

Wonder how much is the Macau market meant for them?

Macau is < 10% in revenue & profit for Emperor. You can see the details in the FY results just released.
http://www.hkexnews.hk/listedco/listcone...314851.pdf

Mkt reacted favourably & price went up > 10% today. In my opinion, there is still 40%-50% upside to this net-net turnaround play pegged at both its NCAV (Net Current Asset Value) & earnings target.

[brattzz]

old news.. and not soo good news...

https://www.straitstimes.com/singapore/c...tor=SEC-23