Shoe Zone Share Chat (SHOE)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Shoe Zone	LSE:SHOE	London	Ordinary Share	GB00BLTVCF91	ORD 1P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+0.00p	+0.00%	155.00p	152.00p	158.00p	155.00p	155.00p	155.00p	0	08:00:00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
General Retailers	159.8	10.3	16.9	9.2	77.50

Shoe Zone Share Discussion Threads

Showing 426 to 449 of 450 messages

Chat Pages: 18 17 16 15 14 13 12 11 10 9 8 7 Older

Date	Subject	Author	Discuss
29/9/2017 19:49	I see someone dumped a shed load of these a few days ago (27th Sept) at £1.45, £273,000 worth of shares, the shares were sold well under the market price that day so you have to wonder why someone wanted to offload that amount. I don't hold any but I am watching with interest.	eastbourne1982	Read Full Thread Reply
29/9/2017 16:55	No idea whatsoever - unless there is some unexpected bad news lurking somewhere in the pipeline. The price drop followed 4 Sells, with a combined total of 5622 shares, after 15.00 hours today so there has not been any meaningful sell off.to trigger any price drop	masurenguy	Read Full Thread Reply
29/9/2017 16:18	Sudden drop this p.m. Anyone know why?	fenners66	Read Full Thread Reply
24/9/2017 12:27	Last year's dividend was very tasty, but with the costs of the big box stores I am not expecting that level of special dividend to be repeated this year. Of course, not expecting a 12% yield this year is hardly a major bear point!	edmundshaw	Read Full Thread Reply
23/9/2017 15:18	Higher risk, but higher reward? For more risk-hungry investors, discount retailer Shoe Zone may present an intriguing option. The company’s shares are currently valued at just 9.8 times forward earnings and last year’s regular dividend of 10.1p represents a whopping 6.4% yield. In addition to the regular dividend there was also a special dividend of 8p that management intends to repeat whenever year-end cash balances exceed £11m. The risky part of investing in Shoe Zone is that aside from facing the same sector-wide challenges as other retailers, the company is executing a strategy of shrinking to grow profits. This involves closing small, low-margin stores and opening up a smaller number of big box stores that cut down on rental, staffing and logistics costs. On top of this, management is also pushing to increase margins by directly sourcing product straight from overseas factories. In the half to April the year-end store count fell from 518 to 504 y/y as part of this plan as the company closed small and medium-sized stores to trial new big-box outlets that are trading very well and will be rolled out across the estate. However, this did lead revenue to fall from £74.6m to £72.9m y/y although gross margins improved a full 170 basis points to 62.8%. During this period the weak pound did cause underlying pre-tax profits to fall from £1.7m to £1.3m y/y but analysts still expect full-year earnings to more than cover dividends payouts. Shoe Zone is a risky income option but yield-starved investors who aren’t risk-averse may find it worth digging into. http://www.fool.co.uk/investing/2017/09/22/2-dirt-cheap-dividend-kings/	masurenguy	Read Full Thread Reply
31/8/2017 08:53	In the absence of any further newsflow the shareprice has drifted down by circa 15% over the past 12 weeks since the interims were announced. The Year End trading update is due in October so we will have to wait until then for news on H2 trading. Meanwhile, it is useful to recall the CEO's comments at the interims. Nick Davis, Chief Executive of Shoe Zone plc, said: "I am pleased with the Group's performance in the first half as we continued to actively manage the retail estate while driving profitable sales. The devaluation of sterling against the dollar has impacted the Group's statutory profits in the period however as we reach the annualised rebasing of this rate, we anticipate the ongoing impact will be significantly reduced. Our Big Box trial has continued to perform well and as such, we will accelerate roll out of the concept during the second half of 2017. We aim to have 10 Big Box stores by the end of 2017 and continue with the planned growth in subsequent years. The Group has traded broadly in line with management's expectations since the period end and the Board continues to look to the future with confidence."	masurenguy	Read Full Thread Reply
12/6/2017 19:16	Edmundshaw you really can't get cheaper than shoe zone! Having said that there is no consolation holding the "best loser" if the whole retail sector is going to be squeezed by consumer loss of confidence, weaker pound, and oversupply.	boonkoh	Read Full Thread Reply
09/6/2017 20:01	fenners I think if the pound weakens further prices will have to rise a bit. For everyone. It's hardly as if competitors are in a better position. So I think the forex issue is a one-off, and hedging will dampen that as a problem. More salient IMO is whether a tighter consumer will stop buying so much stuff from the company or will actually move to it as a lower price alternative.	edmundshaw	Read Full Thread Reply
09/6/2017 14:02	I have bought some Ramsdens. I like it on fundamentals and it should provide a 5% yield.	meijiman	Read Full Thread Reply
09/6/2017 13:41	No response to my query as yet to the company - you form your own judgement if that's good corporate governance or not I have	joe say	Read Full Thread Reply
09/6/2017 12:42	Got to say I'm disappointed. I was trawling around for hi-yield stocks and whilst this may still be one these comments look to be all about buying time and I guess hoping that margins are repaired in the meantime. If they are not then I think the dividend will be cut.	fenners66	Read Full Thread Reply
09/6/2017 12:38	The other one off on store exit costs is rubbish as well. Typical. Last year it was a massive credit so we will ignore it. Now it's a debit and the numbers get adjusted. It's also not a one-off as they are continually tweaking their portfolio.	topvest	Read Full Thread Reply
09/6/2017 11:28	Today's fall in the £/$ does not help allbeit they may now say it's hedged - for now - but hedges run out and if £/$ is going to continue in this trend then all the hedge will do is postpone the impact.	fenners66	Read Full Thread Reply
08/6/2017 08:57	I was looking here for yield and the dividend has been increased which is good , but I don't like the FX effect - I don't like the way its been explained and since the sales are price sensitive I wonder at their ability to pass on the cost to the consumer. Perhaps "Big Box" is designed to target a more affluent consumer so they can put up prices - for now I'll just continue to keep an eye on them.	fenners66	Read Full Thread Reply
08/6/2017 08:52	I just re-read the interim results and have got the technical point they have chosen to make:- "made certain adjustments to the reported profit before tax for the interim reporting statement. These adjustments are made in accordance with the Groups accounting policies and are one off in nature or are considered to be materially distortive of the true underlying trading performance of the business for this reporting period." "Impact of Foreign Exchange: Following the Brexit decision last June the Group had an unhedged committed stock order programme which has resulted in significant currency losses in the period compared with the prior period. The Group has increased its hedge coverage against forecast purchases of stock and so this is considered to be a one off event." My take on this is- We already ordered the stock from China ; as usual. It takes weeks to manufacture and arrive and we did not hedge the US $ vs the order. By the time we got it the FX rate moved against us and the stock would cost more. If we took that hit through cost of sales gross margin would fall. By adopting a new accounting policy we can say that the stock cost us the original order amount and the FX movement is a "financing cost" which we take to admin costs and the gross margin actually improves. Now they have adopted hedging vs the order so the stock will be more expensive per say and the hit drops to the gross margin. If they build this into the second half they are hoping that the prices negotiated via more direct from manufacturer sourcing will offset some of the effect of that hit on the gross margin to leave the trend not dropping off a cliff - its more of a technical accounting trick. Therefore there should not be a financing loss shown in admin costs - BUT the REAL effect of the FX loss is still going to be in the numbers - its going to be where it belongs in the gross margin! If the effect of the leg down last year was un hedged the horse has bolted - you cannot now start buying US$ at $1.50/£ hedged or not - so the gross margin effect is is not a one off event. Furthermore these are half year results and the CEO refers to "each the annualised rebasing of the exchange rate we anticipate that the ongoing impact will be much lower." is what I referred to above - the technicality of showing the loss in the admin line needs to be properly challenged - 1, second half reporting to come so still is a year on year comparison to make - the only sort of relevance to the statement is "comparison" 2, The FX effect is there and until rate goes back up its effect is now buried deep in results It sounds to me like a rushed deflecting comment and he hopes everyone will buy it without questioning him too hard about it. As I said yesterday why have the underlying Admin costs shot up? £933k There is serious cash burn down £10.4m since year end and £3.5m year on year Stock up £1.8m year over year which is 7 % they say delayed sales - but what about the underlying higher purchase cost? The FX move probably accounts for the jump and that will show through as lower margin to come.	fenners66	Read Full Thread Reply
08/6/2017 07:51	Have emailed them for a response - doesn't make sense to me - can anyone advise if I'm misinterpreting the data please?	joe say	Read Full Thread Reply
08/6/2017 07:47	Yes - but read the narrative - one off in nature viz; 1. Impact of Foreign Exchange: Following the Brexit decision last June the Group had an unhedged committed stock order programme which has resulted in significant currency losses in the period compared with the prior period. The Group has increased its hedge coverage against forecast purchases of stock and so this is considered to be a one off event. That said the table underneath this narrative suggests much the opposite - £130k hedged at the balance sheet date v £672k the previous year ????	joe say	Read Full Thread Reply
07/6/2017 20:00	Yes, well spotted. Paul Scott has missed this in his write-up. Results have gone from £1.9m to £0.3m at the PBT level which is awful. Glad I sold out. Nice little business but too many headwinds.	topvest	Read Full Thread Reply
07/6/2017 08:31	I was waiting to see the impact on results from FX before deciding whether to get in or not. Purchases must essentially be made in US $ so the fall in sterling I expected to impact. I see they have split out the loss on FX and Lease exit costs and suggest that these are exceptionals which will not be repeated. Whilst this might be the case for the leases I cant see just how they can say its a one off for FX. I can see the explanation that one period is impacted but the other wasn't however the £/$ FX rate is still broadly the same today as in the period covered by the interim results - so its impact remains. The is the new norm. Whilst they may have now hedged vs a further fall it does not alter the fact that margin is where its at. So I feel the underlying position is not properly represented - thoughts anyone? Add to that the decline in sales and large increase in Admin expenses (real underlying) and these results look challenging.	fenners66	Read Full Thread Reply
07/6/2017 08:22	The critical financial factors are in the interim statement. This remains a firm hold for me for the high yielding dividend which continues to be supported by their net cash position and minimal pension deficit. Financial Summary:In the six months to 1 April 2017, the Company generated revenues of £72.9m (2016 H1: £74.6m) and underlying profit before tax of £1.3m (2016 H1: £1.7m). This performance reflects continued management of the retail estate whilst driving profitable sales. During the first six months the company continued to manage the impact of the devaluation of sterling and the impact of this is shown as an adjustment between underlying and statutory profit. As we reach the annualised rebasing of the exchange rate we anticipate that the ongoing impact will be much lower. Product gross margin performance remains strong at 62.8% (2016 H1: 61.1%) and cash generation continues to be a focus. As at 1 April 2017, Shoe Zone had net cash of £4.6m (2016 H1: GBP8.1m) with no bank debt. This lower cash balance is partly explained by the higher dividend paid in the period and the slightly delayed timing of the roll out of the new Big Box concept; as stock has already been purchased and we anticipate this to be utilised as new Big Box stores are opened. The reported deficit in the pension fund has also fallen from £13.1m at 1 October 2016 to £7.9m at 1 April 2017. This is compared to a deficit of £6.3m at 2 April 2016.	masurenguy	Read Full Thread Reply
07/6/2017 08:03	Results not amazing but will probably hold on to them. Dividend. Not much free float. No debt.	mister md	Read Full Thread Reply
28/5/2017 10:27	The Shoe Zone here in Torquay is always busy but it is so scruffy. Cheap and scruffy suits most of the people that live here in Torquay.	chickenrun1	Read Full Thread Reply
27/5/2017 12:03	Does anybody know how the Brantano story is playing out? the most recent i could find is this link from 6th April saying that closing down sales had started. hxxpp://www.lincolnshirelive.co.uk/brantano-launches-closing-down-sale-after-company-enters-administration/story-30253303-detail/story.html	qvg	Read Full Thread Reply
07/4/2017 17:04	British Bulls.com have issue a short position on Shoe Zone & the shorts on this have grown Friday , expect downward trend for most of next week	hotaimstocks	Read Full Thread Reply

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