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Showing posts from August, 2012

The Hour Glass

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It has been a while since I last pen out my thoughts about companies as I have been busy with my coaching work.Today, I will like to put out my 2 cents thoughts on “The Hour Glass”Financials aside (I am sure there are bloggers who provide deep insights into the numbers), I will like to concentre on the advantages and risks of The Hour Glass. Things have changed after their horrendous investment in Gems TV Holdings that results in impairment loss of $14.1 million (FY2009, the Group posted a 57% drop in NPAT)Please note that below is my personal observation only.First of all, allow me to introduce the business of The Hour Glass:Extracted from their corporate website – “Established since 1979, The Hour Glass is the most geographically diverse, multi-brand specialist luxury watch retailer in the region, representing a stable of over 50 brands across 23 boutiques in eight cities throughout the Asia Pacific.”You can refer to further details on the brand of watches such as Cartier, Rolex, Om…