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| Announcement Date | Type | Currency | Amount | Ex-Dividend Date | Record Date | Payment | |
|---|---|---|---|---|---|---|---|
| 09/1/2024 | Dividend income or Cash Dividend | GBP | 0.089 | 14/3/2024 | 15/3/2024 | 02/4/2024 | |
| 16/5/2023 | Dividend income or Cash Dividend | GBP | 0.025 | 13/7/2023 | 14/7/2023 | 16/8/2023 | |
| 10/1/2023 | Dividend income or Cash Dividend | GBP | 0.033 | 22/3/2023 | 22/3/2023 | ||
| 10/1/2023 | Dividend income or Cash Dividend | GBP | 0.033 | 16/3/2023 | 17/3/2023 | 29/3/2023 | |
| 25/10/2022 | Dividend income or Cash Dividend | GBP | 0.03 | 03/11/2022 | 04/11/2022 | 21/12/2022 | |
| 17/5/2022 | Dividend income or Cash Dividend | GBP | 0.025 | 14/7/2022 | 15/7/2022 | 17/8/2022 | |
| 21/5/2019 | Dividend income or Cash Dividend | GBP | 0.035 | 18/7/2019 | 19/7/2019 | 14/8/2019 |
| Top Posts |
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Posted at 18/4/2024 19:32 by thecroots People are reading too much into him stepping down from the board. He is still VERY much involved with the business.Things are still good at SHOE - albeit high container costs |
Posted at 11/4/2024 18:13 by bareknee JsgAccording to there's only one analyst for Shoe Zone so, as the NOMAD, that'll be Zeus Capital and they dropped their estimate to 22.4 from 24.7p. ( which is the 9.3% just mentioned) But they made that change more than 7 days ago so it doesn't explain today's drop Edit : Basically what fegger said. |
Posted at 11/4/2024 17:10 by jsg123 Taken from Zeus stockepediaShoe Zone’s AGM statement has said FY24E trading is expected to be marginally below previous expectations due to a higher cost environment, including elevated container prices resulting from the ongoing tensions in the Suez Canal, combined with the larger-than-envisage |
Posted at 03/3/2024 16:58 by bountyhunter Interesting.Re the divi, from dividend max: The next Shoe Zone Plc dividend will go ex in 11 days for 8.9p and will be paid on 2nd April. The dividend cover is approximately 1.7 There's also a special of 6p to add to that! (same dates). |
Posted at 03/3/2024 16:09 by hawaly Tipped in The Sunday Times today:The retailer’s price-to-earnings ratio of 9.1 is down from 12.5 in 2022, yet shopping trends are still in Shoe Zone’s favour. As the Liberum analyst Wayne Brown wrote this week: “Consumers are actively seeking value for money, spending less per transaction and spending more on lower-priced products.” Shoe Zone will benefit: buy. |
Posted at 31/1/2024 07:37 by bountyhunter Shoe Zone is also pleased to announce its provisional dividend timetable, subject to the successful passing of certain resolutions at its AGM:Ex-Dividend Date: 14 March 2024 Record Date: 15 March 2024 Payment Date: 2 April 2024 Dividend payments will include, as announced in the Final Results on 9 January 2024, both a final dividend of 8.9 pence per share and a special dividend of 6.0 pence per share |
Posted at 09/1/2024 10:39 by davebowler Shoe Zone plc is a nomad and broker client of ZeusFY23 Results FY23 performance is in line with estimates and reflects solid trading and strong cost control. FY23E revenue +6.1% YOY and Adj. PBT +48% to £16.5m, almost double the £8.5m FY23E Adj. PBT we forecast a year ago following 4 consecutive upgrades over 2023. Net cash of £16.4m is after a total of £26.7m in capex, dividends and share buybacks, demonstrating the strongly cash generative nature of the Group. This is reflected in the announcement of a 6.0p special dividend, taking full year DPS to 17.4p, equating to a 7.7% yield. Trading at just 0.5x EV/Sales, 4.3x EV/EBITDA on an ex-cash PE of 7.9x, Shoe Zone remains a compelling buy. ¨ FY23 Results: FY23 performance was well flagged in a year end trading statement issued 17 October. Revenue of £165.7m is +6.1% YOY, with growth across Stores, +3.9% to £134.8m (FY22: £129.8m) and Digital, +17.0% to £30.9m (FY22: £26.4m). Product margin improved 110bps to 62.3% (FY22: 61.2%), benefitting from the reduction in container prices realised in the second half of the year. Adj. PBT of £16.5m is +47.6% YOY (FY22: £11.2m), coming in at almost double our original £8.5m forecast set in January 2023. Adj. EPS of 27.6p +53.1%, benefitting from the share buyback. Year-end net cash of £16.4m is after investing £11.4m in capital expenditure, £7.1m in share buybacks and £8.2m in dividend distributions paid during the year, reflecting the highly cash generative nature of the Group’s operating model. ¨ Significant shareholder returns: Shoe Zone has proposed a final dividend of 8.9p, 11% above our 8.0p estimate, as well as a special dividend of 6.0p. This gives a total FY23 dividend of 17.4p (65% above our FY23 DPS estimate of 10.5p), an effective yield of 7.7% at last night’s closing price. This is in addition to £7.1m in share buybacks executed in FY23. ¨ Continued progress on property transformation: Shoe Zone ended the period with 323 stores, having closed 72 and opened 35 new stores during the year. Its property refit and relocation programme will see total stores reduce to c.300 sites (targeting 100 Big Box sites, 200 Hybrid sites) but with average store sizes increasing and retail sq. footage remaining stable. Larger format stores improve productivity and increase product range through third party brands. The Group negotiates all property terms in house. Average lease length of 2.2 years means it has significant flexibility in its store footprint. Property supply continues to outstrip demand delivering material rent reductions; the Group achieved rent reductions on 53 store renewals totalling £0.7m in the year, an annualised saving of 31%. ¨ Forecasts: Our FY24E forecasts are unchanged, forecast net cash moves lower due to the announced 6.0p special dividend which will be paid during FY24E. We introduce FY25E estimates, based on what we believe to be conservative assumptions. FY25E revenue of £174.6m implies conservative growth of 3.3%, whilst FY25E adj. PBT of £14.8m reflects the impact of meaningful cost increases in National Living Wage and energy expenses over FY24E and FY25E. See exhibits 5 & 6 for more detail. ¨ Investment case: Shoe Zone’s resilient FY23 performance reflects the strength of its market position as a value retailer in the relatively non-discretionary category of footwear as well as strong cost control, driving material improvement in profitability. Its valuation continues to appear undemanding at FY24E EV/sales of 0.5x, EV/EBITDA of 4.3x, ex-cash PE of 7.9x and prospective yield of 4.4%. Based on what we believe are conservative growth and cost assumptions, it remains a compelling buy at these levels. |
Posted at 18/10/2023 13:57 by edmundshaw Dividend yield at 3.67% is likely to be a pretty poor prediction in my view, and the PE looks out of date.Total dividend last year was 14p, including the special, and I would expect a special this year given the outstanding trading. Specials for SHOE are quite frequent - they were given in 2017 and 2019, then again after the COVID hiatus last year, all around the 8p mark. At 230p, and on a £16m profit, the PER is actually a touch under 8 after accounting for the buyback cancellations. |
Posted at 17/10/2023 14:44 by kalai1 Shoezone Holdings plc issued a FY trading update for the year ended 30th September 2023 this morning. Group revenue increased by 6.1% to £165.7m, store revenue was up to £134.8m (FY 2022: £129.8m) with digital revenue up to £30.9m (FY 2022: £26.4m). Product margin increased to c.62.1%, adjusted profit before tax is expected to be not less than £16.0m (FY 2022: £11.2m). The Group’s balance sheet remains solid with net cash at £16.4m. Valuation is average with forward PE ratio at 10.8x, dividend yield at 3.67% is also average. Share price has been drifting sideways through 2023 but remains in a longer run uptrend. The weakening macro environment is a cloud for consumer cyclicals more generally, but SHOE is a solid, if unexciting, Speciality Retailer and certainly worth monitoring......from WealthOracle |
Posted at 15/9/2022 11:18 by someuwin Zeus note out Today...Shoe Zone plc SHOE LN – General Retail Strides ahead Our recent site visit has reaffirmed our conviction that SHOE is one of the most resilient and attractive consumer stocks on the market. * Resilient market position: As a leading value footwear retailer, we believe SHOE is well positioned to capture share as consumers seek affordable alternatives in response to ongoing inflationary pressures. Several high street competitors have exited the market (Arcadia Group, Debenhams) with Tesco recently withdrawing part of its footwear offer further strengthening the Group’s market position. * Property transformation will drive productivity: SHOE is in the process of migrating its store estate from its legacy network of small high street stores into new, larger-format stores including ‘Hybrid’ stores located in town centres but offering c.2.0x the space of a typical legacy store, and out of town ‘Big Box’ stores located on retail parks (2.5x larger). Store transformation should improve productivity and drive contribution margin accretion. The Group’s Leicester head office and warehouse is also well invested, and we believe capable of supporting revenues of up to £250m with minimal additional investment required. * Low product risk, robust supply chain: The Group’s core Shoe Zone product range of 300 styles across men’s, women’s, and children’s is focused on timeless styles in popular colourways, with ranges ordered in high volume (typically 15,000 pairs per style) and able to be carried over from season to season. Categories such as school shoes, safety footwear and slippers provide a degree of dependable demand. This means there is minimal inventory risk and low levels of sale mark down activity, reflected in its resilient product margin at 61.4% (FY21: 61.3%). * Expanding product range & demographic reach: Larger format stores enable the Group to extend in-store product range from the core 300 Shoe Zone styles with additional brands (475 to 600 styles in Hybrid stores, 675 styles in Big Box stores), adding higher priced products and appealing to a broader consumer demographic. Its shoehub ecommerce platform extends this even further, with >3,000 styles across more than 135 brands. * Complementary hybrid model with low return rates: SHOE’s ecommerce platform shoehub has grown rapidly through COVID, contributing c.15% of FY22 revenue. Unlike other ecommerce businesses product returns rates are incredibly low at 11.3% (having normalised from COVID lows of 8.4%) and the Group’s hybrid model means reverse logistics are exceptionally efficient, with 70% of online returns transacted in store with nominal incremental cost to the business. * Debt free, cash generative: SHOE is debt free, with £13.9m net cash on 2 April 2022. It offers an attractive dividend yield of 3.7% based on a modest 40% pay-out ratio alongside its current share buyback programme and scope for future special dividends to distribute excess. * Strong management team: It is impossible to be anything other than impressed by management’s detailed and in-depth knowledge of all parts of the business reflecting longstanding relationships and meaningful personal investment. * Compelling valuation: Despite a marked recovery in share price from COVID lows, SHOE trades at just 10.8x FY22E PE. Current trading momentum, combined with self-driven store transformation suggests strong upside to trading over the medium term. A robust cash-backed balance sheet underpins an attractive dividend yield, supplemented by share buybacks and scope for future special dividends to return excess cash to shareholders. |
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