(11-07-2012, 01:02 PM)pacyfiq Wrote: [ -> ]I want to ask other forumers what is the fair value of THG? In my opinion and with the help of one friend who's really good on analysis i will say around 2.50.
(Vested)
I quote my own message from 2012 as today we are at 0.81 ...so 2.43 not far from the target.
Thanks to The Hour Glass team, a great company.
When a very well-managed and high-quality business - but an usually illiquid stock - like THG is chased up steadily over 5 market-days by some 20% backed by higher-than-usual transacted volume, it cannot be bad news or just based on rumours. The coming Q3 result should provide some good reasons.
While it is possible that Mr Market could over-price a very high-quality stock at times, we must also bear in mind that it has been proven many times over that over a long period of time, Mr Market operates like a pretty good and accurate weighing machine.
(02-02-2015, 06:28 PM)dydx Wrote: [ -> ]When a very well-managed and high-quality business - but an usually illiquid stock - like THG is chased up steadily over 5 market-days by some 20% backed by higher-than-usual transacted volume, it cannot be bad news or just based on rumours. The coming Q3 result should provide some good reasons.
While it is possible that Mr Market could over-price a very high-quality stock at times, we must also bear in mind that it has been proven many times over that over a long period of time, Mr Market operates like a pretty good and accurate weighing machine.
Sgx is having run up this past week, rising tide floats all boats. Could be some liquidity coming in due to MAS change in the currency policy last week or the 100 shares per lot effect
Or could be just local big boys pumping the market for Chinese new year, or could be elections coming soon!!
Not complaining, but have to becareful what is driving the prices up and consider if its a good idea to take profit.
-- via Xperia Z1 with tapatalk
The Hour Glass ($0.83) - Another record price translating To $2.49 before the recent 3 for 1 split, and $4.98 before the 2 for 1 split... Effectively, this is already a five fold investment if one has invested it since 2007 or before. One might have kept missing the boat in a well-managed company if one is taking a trading stance instead of value investing. Crabcrab hv commented on this company many years back but on the way there are many doubtful traders/investors rather than a true value investors Still not convince after so many years? You will understand what I meant if you are truly a "value investor".
(03-02-2015, 09:23 AM)crabcrab Wrote: [ -> ]The Hour Glass ($0.83) - Another record price translating To $2.49 before the recent 3 for 1 split, and $4.98 before the 2 for 1 split... Effectively, this is already a five fold investment if one has invested it since 2007 or before. One might have kept missing the boat in a well-managed company if one is taking a trading stance instead of value investing. Crabcrab hv commented on this company many years back but on the way there are many doubtful traders/investors rather than a true value investors Still not convince after so many years? You will understand what I meant if you are truly a "value investor".
Have you bought a watch from THG before?
Do u have an idea who are the main customers from THG?
Fyi,very few locals like myself and my counterpart bought from AD eg, THG,Cortina,sincere unless there are good discount which is rare or the you really have very good relationship with them. The rest are corporate customers and tourist.
I have a few AD friends actually quit due to low sales after China starts to tighten corruption. Now CHF increase by 20%, Who in the right mind would buy a watch now? As for the tourist, my friend and I always wonder why the hell they would buy here when it is cheaper to buy in HK even after the 7% gst, not to say stronger SGD.
Maybe it is the authenticity part which set their mind at ease but that is not a moat for its business.
I am not trying to splash cold water on you. Just trying to tell you the risk of this stock, rich people are also cheapskate, if they can save 1k on a rolex 5k on a PP they would!
^^ remind of quote from the movie "THE HUNDRED-FOOT JOURNEY" - "Asking for a discount doesn't mean I'm poor. It means I'm thrifty."
Ultimately, the Basis for shareholders and potential investors to invest in and hold on to THG shares has to be their satisfaction in THG's long track record as a well-established regional specialist watch retail business group, in visiting the shops, and reviewing the latest AR and corporate website…..
http://www.thehourglass.com/pdf/THG%20An...Report.pdf
http://www.thehourglass.com/about_history/
As a business, THG's beautiful, well-maintained and strategically located retail shops are real…..
http://www.thehourglass.com/about_history/singapore/
, the large watch inventory of mostly reputable brands is real, and the mostly Swiss and highly reputable suppliers are real..
http://www.thehourglass.com/sample-page/
, the customers who visit and buy from the shops are real, the people manning the shops and THG's management team and their reputation are real, the financial numbers are regularly audited by E&Y and therefore are real, the yearly AGMs are real, and the yearly great dividends are real.
Also, the daily share prices and historical share price evolution are real - i.e. not manipulated.
Welcome to the "real" stock.
Vested.
(03-02-2015, 10:56 AM)dydx Wrote: [ -> ]Ultimately, the Basis for shareholders and potential investors to invest in and hold on to THG shares has to be their satisfaction in THG's long track record as a well-established regional specialist watch retail business group, in visiting the shops, and reviewing the latest AR and corporate website…..
http://www.thehourglass.com/pdf/THG%20An...Report.pdf
http://www.thehourglass.com/about_history/
As a business, THG's beautiful, well-maintained and strategically located retail shops are real…..
http://www.thehourglass.com/about_history/singapore/
, the large watch inventory of mostly reputable brands is real, and the mostly Swiss and highly reputable suppliers are real..
http://www.thehourglass.com/sample-page/
, the customers who visit and buy from the shops are real, the people manning the shops and THG's management team and their reputation are real, the financial numbers are regularly audited by E&Y and therefore are real, the yearly AGMs are real, and the yearly great dividends are real.
Also, the daily share prices and historical share price evolution are real - i.e. not manipulated.
I concur all the "real" stuffs.
I am not vested, because I don't quite fully understand the business model i.e. the luxury retail market.
