||EPS - Basic
||Market Cap (m)
Shoe Zone Share Discussion Threads
Showing 301 to 324 of 325 messages
|Increases in input costs tend to hurt in the short term, but medium to longer term the margin percentages normalise. The increased revenue and normalised margins means higher profits. The converse, with reducing input costs is why stocks (including retail) do poorly when deflation concerns abound.|
|They will nudge prices up as with everyone else in this sector. Odd movement!|
|yes i dare say it can only be negative but let's hope it's largely mitigated.
anyway, good to see the offer strengthen in the last 30 mins and a bit more demand evident from dummy online trades.|
|thanks gleach. i guess those only last for so long, they have to rebuy this year for next year etc. they don't appear to split out the direct CoGs from what i can see. prob cheap either way, but i would guess the £ move is negative for them.|
|I did wonder about that oregano but this from the Final Results allayed particular concerns on that front to a degree -
"During 2015 the Board adopted a cash flow hedging policy relating to committed stock purchases from overseas with the overall objective of protecting the product gross margin. The Group uses derivative financial instruments (usually forward exchange purchase contracts) to hedge the risk of future foreign currency fluctuations relating to the stock import schedules."|
|I imagine everything they sell is imported. If I'm not wrong they weak pound could cause this shoe specialist trouble. Supermarkets can spread the increased costs across their massive product range. Shoe Zone cant.|
|£ declines increasing their cost of goods sold perhaps?|
|A spreadbet is brave with such a wide spread danpollard.
Such a fall just after the FY end is a bit of a concern. Anyone any clue what has prompted this fall or is it just a victim of general retail malaise?
Either way I've been tempted in for a few today.|
|It can then get worse, HSBC believe £ to $ will be at 1.10 by end of the year!|
|Weak pound will be hurting this company. Is the divi sustainable.|
|Price has just ground down to the 155 support area. Looks a very interesting play at this level with the 7% divi yield and a trading update due shortly. The spread is still unfavourable but I bought a couple via a spreadbet. Let's see what happens.|
|Seems to be having a sell off?|
|Interim dividend of 3.3p due yesterday. Shareprice has drifted down by 14% on no news since the interims in June. Next trading update likely to be the pre-close statement towards the end of October.|
|Took the chance to look in the store in Weston Super Mare today - can't say I was impressed, it's a tip.|
|Shareprice has declined by 22% since the Brexit vote just over 6 weeks ago. Nothing has changed since the interims were published 2 months ago, other than the appointment of a new FD, when FinnCap issued a price target of 223p, which represents a 25% uplift on Fridays close @ 177.5p.|
|Big Box trial is due to be extended into 3 stores next month and if this replicates the initial results from the current trial store it could have a significant impact upon sales in 2017 - 2018. Meanwhile, with a forecasted dividend of 11p this year the yield is almost 6% at Fridays closing Offer price.
The institutional shareholding list has been updated in the header with both small cap fund investment boutiques - Miton and Chelverton - having increased their stake over the past 5 months.|
|“[The big box format] will allow Shoe Zone to access the important out of town market, creating a new avenue for growth. We will provide an update on this trial at the full-year results in January 2017.|
|Interesting insight - thanks.|
|I was at MODA - the NEC footwear show, and spoke to a buyer there. They are opening outlet stores to sell brands like Rieker. It's a complete departure from their stock it high sell it cheap stance.
I have no idea how many are being lined up but apparently the one that they are trialing is doing very well.|
|finnCap today retained their FY16 earnings forecasts and their 223p price target but have moved their recommendation from a BUY to a HOLD. No real market reaction on the interims today with just over 15,000 shares traded as at 4.00pm.|
|finnCap's published a note this morning: hxxps://www.research-tree.com/company/GB00BLTVCF91
"H1’16 numbers were a tale of two quarters. H2 is trading in line with expectations and has a soft base. We ... price target but move from a ... rating given the share price appreciation. Interim numbers were marginally lower YoY. Revenue was down 4.6% to £74.6m and gross profit was down 5% to £9.9m (margin flat) with pre-tax profit and EPS both down 4% at £1.9m and 3.0p respectively."|
|Probably - with H2 usually being the stronger half. Margins are slightly up, operating costs are down, online sales are increasing and they have a very positive cashflow. I like companies that have no debt or underfunded pension liabilities. Furthermore, the Smiths who still own 50% are incentivised to maintain rising dividends for themselves in the future.
I hold this stock in my ISA Equity Portfolio which is based entirely upon stocks that produce strong and increasing yields. At the moment this portfolio has an overall annual yield of 6% and I consider SHOE to be a valued contributor going forward with dividends increasing year on year. If there is any short term fall in the shareprice then I may add here again in due course.|
|Do you think they will hit forecasts Masurenguy? Profits are weighted to H2 anyway, but it looks like they have quite a bit to do. Outlook statement also left them some wiggle room, ie. a tough April, but better May so overall a mixed bag. I don't hold btw.|
|Profit marginally down by 4.5% but net cash up 37% to £8.1m from £5.9m and no debt. Dividend increased by 3.1%.
RNS Number : 4996A
Shoe Zone PLC
08 June 2016
Shoe Zone plc ("Shoe Zone", the "Company" or the "Group") a leading UK specialist value footwear retailer, is pleased to announce its Interim Results for the six months to 2 April 2016.
-- Revenue reduced to £74.6m (2015 H1: £78.2m) reflecting the closure of 23 loss making and temporary stores
-- Product gross margin improved to 61.1% (2015 H1: 60.5%)
-- Profit before tax of £1.91m (2015 H1: £2.0m)
-- Earnings per share decreased to 3.05p (2015 H1: 3.17p)
-- Strong cash conversion maintained with a 37.3% increase in net cash to £8.1m (2015 H1: £5.9m)
-- Increase in the interim dividend to 3.3p per share (2015 H1: 3.2p per share)
-- Further store portfolio improvements with 53 Grade 1 stores created in the period
-- Rent on renewals fell on average by 29.9% representing a GBP222k cost saving
-- Rent as a % of turnover is now 14% (2015: 14.7%)
-- Significant infrastructure investment at the Leicester distribution centre including new online fulfilment area resulting in efficiency savings
-- Non-desktop accounted for 70% of online visits to Shoezone.com (2015 H1: 64%)
Anthony Smith, CEO of Shoe Zone plc, said:"We have continued to make good progress with our store portfolio upgrade and rationalisation programme and I am pleased with the performance of the Group in what was another difficult period for the clothing and footwear industry. The Grade 1 format increased by 53 stores in the period and further additions will be made in the second half. We are excited to be launching our "Big Box" format in three locations in August. This will allow Shoe Zone to access the important out of town market, creating a new avenue for growth. We will provide an update on this trial at the Full Year results in January 2017. The Group has traded in line with management's expectations since the period end and the Board continues to look to the future with confidence."|