Shoe Zone Share Discussion Threads

[gohil18] 06/3/2015 13:11

Indeed. Pondered a top up myself today and tried to buy another £5k but couldn't! "Your order could not be met, would you like to route the trade to a dealer? Orders routed to the dealing desk are handled on a fill or kill basis."

Conversely did a dummy trade to sell my largish holding and was offered a good price straight away. Looks like they want more stock! Always a good sign :)

[saj3] 06/3/2015 12:39

Went to the local shop in town and trade looks like it's going very good

[gohil18] 06/3/2015 12:05

Good move I reckon Saj3! Welcome :)

[saj3] 06/3/2015 09:45

just bought in!

[longshanks] 05/3/2015 17:49

Bought 2k yesterday as it looked good value.The "Lidl" of shoe retailers - there is great growth potential here - esp when one considers the online retail market: could become like Zappos in the US.

[gohil18] 05/3/2015 16:44

Unsurprisingly the NT topped up on the dip like myself, as I suggested he probably would. From his blog today:

"I'm not sure why shares in Shoezone (SHOE) dived last week but on noting it I just bought some more!

Prospects look exceptional here and the shares continue to look cheap and I don't intend to sell them till the share price looks more well heeled. Certainly at some point they should get a lift over 300p."

Ps Nice rise at the end of the day! :)

[gohil18] 26/2/2015 18:04

Even though the EMS is 1500, you can usually deal in bigger numbers quite easily, within reason of course. I had no problem obtaining quotes and I was able to buy my £5k's worth with ease online. Didn't have to place a market order or call my dealer, as often is the case with very illiquid shares. So overall SHOE's liquidity is in reality pretty decent in my experience.

If you are having trouble, call your dealer. They can usually execute your order manually. At the current price, SHOE is super value imo.

[mrmediumterminvestor] 26/2/2015 15:03

This share is iliquid? Ems=1500

I tried to send a mkt order (was bid 235 and ask 240) and the order was not filled.

Any sugestions?

[reddave999] 26/2/2015 13:47

Big thanks for your input Gohil:)

[gargleblaster] 26/2/2015 13:30

could be a good call gohil

[gohil18] 26/2/2015 13:22

No worries gargle. I put my money where my mouth is and bought another £5k myself. Annoyed I didn't accept £2.28 on the countdown! But £2.30 still a great price in my view. Target price at least £3 in the medium term.

[gargleblaster] 26/2/2015 12:45

good buying oppo - and looks like quite a few pi's are doing just that!

[gargleblaster] 26/2/2015 12:38

thanks for info Gohil

[gohil18] 26/2/2015 11:35

If you look at the chart, you'll see the share price rises a lot, then dips back before rising again. This pattern is simply repeating itself, so of no concern imo. In fact, reassuring to some degree becasue it suggests it will retrace and trend even higher like it has previously done several times.

Remember, its very lowly valued at 9 x PBT to MCAP, great dividend, £9m cash and is still a growing business. Oh, and the Naked Trader bought for a long term tuckaway. I'd be very surprised indeed if he doesn't top up on this dip. Paul Scott is also very keen on this company. His latest thoughts are here:

[imranawan] 26/2/2015 10:40

Bump - whats caused the drop this morning?

Don't currently hold but looking to buy in. L2 looking weak.

[reddave999] 26/2/2015 10:05

Anyone know why the recent drop?

[tech] 10/2/2015 10:46

On the move next leg up

[mrx9000] 29/1/2015 17:11

29 January 2015

Shoe Zone PLC

("The Company")

Holdings in the Company

The Company was notified on 29 January 2015 that Humberzone Limited (controlled by Anthony & Charles Smith, and formerly Shoe Zone Group Limited) disposed of 27,500,000 ordinary shares of 1 pence each in the share capital of the Company (which represented 55% of the issued share capital of the Company) on 29 January 2015 to Slawston Investments Limited and Sheepy Magna Investments Limited by way of share transfer.

Slawston Investments Limited is a company controlled by Anthony & Catherine Smith and Sheepy Magna Investments Limited is a company controlled by Charles & Sian Smith.

Following the disposal of the 27,500,000 ordinary shares, Humberzone Limited now holds an interest in zero ordinary shares of the Company and therefore has no voting rights. Slawston Investments Limited and Sheepy Magna Investments Limited now hold a combined interest in 27,500,000 ordinary shares of the Company (with full voting rights), which represents 55% of the issued ordinary share capital of the Company.


Entity Shares held prior Shares held post
to transfer the transfer
---------------------------------- ------------------ -----------------
Humberzone Limited
(formerly Shoe Zone Group
Limited) 27,500,000 0
---------------------------------- ------------------ -----------------
Slawston Investments Limited 0 15,282,064
---------------------------------- ------------------ -----------------
Sheepy Magna Investments Limited 0 12,217,936
---------------------------------- ------------------ -----------------


Following the transfer the activities of Humberzone Limited will have ceased and it is likely to be placed in to Members Voluntary Liquidation. The beneficial ownership of the 55% interest in Shoe Zone plc following this transaction remains with the Smith family.

[gargleblaster] 23/1/2015 11:19

Shares mag update - love it!

Shoe Zone’s profitable steps

Store portfolio initiatives set to drive upgrades at budget footwear seller
Forecasts for value footwear retailer Shoe Zone (SHOE:AIM) could prove overly conservative. Given measures under way to improve profitability, Shares believes this play on the structurally-attractive discount sector could earn upgrades in the year ahead.
Maiden finals (14 Jan) from Shoe Zone, floated at an issue price of 160p last year (23 May), showed good profit progress and a stronger-than-forecast cash inflow. Though the top line reduced 10.8% to £172.9 million, this reflected the planned shuttering of temporary stores by our running key selection – see Plays, 31 Jul ‘14 – while pre-tax profits before exceptional items powered ahead 124% to £11.4 million.

Real excitement surrounds a store portfolio strategy which is improving profitability significantly. Besides the roll-out of new stores, this strategy involves store refits, shifts into bigger, more profitable outlets and rent renegotiations. Shoe Zone, which has a short average lease length, is achieving some staggering rent reductions across its restructured property portfolio, pruned from 570 to 545 stores last year.
Additional catalysts for positive surprises include a rising proportion of product sourced directly from low-cost China, generating margin gains which can be reinvested in low prices, as well as the falling oil price. This is already paring logistics and raw material costs and helping to boost consumers’ disposable income.
Online is a growing channel for Shoe Zone too, with shoezone.com growing at pace and management excited by launches on Amazon (AMZN:NDQ) and more recently, eBay (EBAY:NDQ), where the customer is more aligned to the Shoe Zone demographic.
Meanwhile, the small cap is driving through improvements to product, with a greater focus on the burgeoning five-to-nine year old demographic supporting strong ‘Back to School’ trading. Comfort and men’s footwear ranges have been improved and shoe care and handbag ranges have been further developed.
For the year to September 2015, house broker Numis Securities forecasts 14% pre-tax profit improvement to £13 million for earnings up 14.5% to 20.5p. With Shoe Zone pulling levers to improve store portfolio profitability, those estimates appear cautiously set. Furthermore, the strongly cash-generative company is forecast to pay a 12.3p dividend this year, which means there is a bumper 5% yield on offer too.

Though the shares are 54% up on their issue price at 246p, Shoe Zone looks primed to deliver upgrades and offers an attractive dividend yield.
SWOT ANALYSIS
STRENGTHS
• Store portfolio flexibility
• Strong cash generation
• Canny management team
WEAKNESSES
• Modest top-line growth forecast
• Degree of weather sensitivity
• Fairly low operating margins
OPPORTUNITIES
• Physical store expansion
• Online development
• International initiatives
THREATS
• Interest rate rise
• Intensifying competition
• Oil price rebound

[eastbourne1982] 16/1/2015 11:37

Nice little company however from a risk / reward ratio point of view I'd only buy around the £2 mark, I don't think the growth is there at the moment.

[liam1om] 16/1/2015 11:32

Not sure NeilGBudd, but I've used the little dip today to up my position.

[neilgbudd] 16/1/2015 11:18

Any thoughts on why Beaufort Securities have downgraded their forecasts? Can't see any commentary based on their decision. Seems odd considering the positive prelims?

[gargleblaster] 15/1/2015 16:17

I wish more companies would IPO at sensible levels like SHOE - it gets investors interested. Will be a v attractive investment for income investors. Dyor etc.