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I may have asked before. With luxury watch for keep, will the inventory be priced at cost or selling price ?

(03-02-2015, 06:14 PM)brattzz Wrote: [ -> ]on the other hand, competitor,

Cortina Watch pushes ahead with expansion plans,

http://www.businesstimes.com.sg/consumer...sion-plans

I'm surprised at the amount of aggression they are putting in expanding.

One other thing is why Marina Square? It is a mall that does not target the wealthy.

(04-02-2015, 12:05 AM)natnavi Wrote: [ -> ]

(03-02-2015, 06:14 PM)brattzz Wrote: [ -> ]on the other hand, competitor,

Cortina Watch pushes ahead with expansion plans,

http://www.businesstimes.com.sg/consumer...sion-plans

I'm surprised at the amount of aggression they are putting in expanding.

One other thing is why Marina Square? It is a mall that does not target the wealthy.

I guess the targets are tourists and exhibitors, not locals.

The Hour Glass's management is a tested team. Over the years, I think they added new management know-how of retail stores on top of their accumulated "knowledge bank". So, I am not so worried about the Marina Square outlet.

vested

(04-02-2015, 10:11 AM)kelvesy Wrote: [ -> ]The Hour Glass's management is a tested team. Over the years, I think they added new management know-how of retail stores on top of their accumulated "knowledge bank". So, I am not so worried about the Marina Square outlet.

vested

Hi kelvesy,

Cortina is the one opening the store in Marina Square.

So far I am more comfortable with the way the management of Hour Glass is doing. IMHO, I think buying over watches of Switzerland is a really good move. Gives them access to the middle income earners while not diluting their brand. It will boost their revenue as well.

Maybe it is just me but it looks like Cortina is taking a stab at THG's malmaison when they said they said that multi brand shops dilute the brands.

(vested in THG)

(04-02-2015, 10:11 AM)kelvesy Wrote: [ -> ]The Hour Glass's management is a tested team. Over the years, I think they added new management know-how of retail stores on top of their accumulated "knowledge bank". So, I am not so worried about the Marina Square outlet.

vested

I thought the old "management" had literally "split"?

(04-02-2015, 12:55 PM)natnavi Wrote: [ -> ]

(04-02-2015, 10:11 AM)kelvesy Wrote: [ -> ]The Hour Glass's management is a tested team. Over the years, I think they added new management know-how of retail stores on top of their accumulated "knowledge bank". So, I am not so worried about the Marina Square outlet.

vested

Hi kelvesy,

Cortina is the one opening the store in Marina Square.

So far I am more comfortable with the way the management of Hour Glass is doing. IMHO, I think buying over watches of Switzerland is a really good move. Gives them access to the middle income earners while not diluting their brand. It will boost their revenue as well.

Maybe it is just me but it looks like Cortina is taking a stab at THG's malmaison when they said they said that multi brand shops dilute the brands.

(vested in THG)

Hey, thanks natnavi for pointing out my mistake. I felt a bit weird earlier too.

@specuvestor - no doubt it is a concern, but has THG underperformed as a result?

(03-02-2015, 10:23 AM)WolfT Wrote: [ -> ]

(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!

There are many articles available about ultra luxury / luxury watch industry. You may wish to have some read up to help you understand better this unique market segment.
For your reference only.

http://luxuryactivist.com/watches/luxury...recession/

http://epub.lib.aalto.fi/en/ethesis/pdf/..._13313.pdf

http://www.luxurydaily.com/are-luxury-br...recession/

http://www.wikinvest.com/wiki/Luxury_Consumption

........ and many more

The Hour Glass ($0.765) - 3rd Quarter FY2014 Announcement. Likely another year of record profit in progress.

http://infopub.sgx.com/FileOpen/THGL_3Q_...eID=334525

The Hour Glass ($0.74) - After almost 2 weeks of consolidation phase after reaching new high, this shares seems to fall back to its support level at $0.73. A good entry level presence as any breakout is likely to be supported by a presumingly a record profit likely to be announced in mid May 2015. Good Luck...