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
	-1.50p	-0.83%	178.50p	175.00p	182.00p	182.50p	177.00p	182.50p	19,719	13:18:26

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
General Retailers	157.8	9.5	15.8	11.3	89.12

Shoe Zone Share Discussion Threads

Showing 476 to 500 of 500 messages

Chat Pages: 20 19 18 17 16 15 14 13 12 11 10 9 Older

Date	Subject	Author	Discuss
15/10/2018 21:04	Yes, a well run business this one. It's not really something I want to hold, but its a good company.	topvest	Read Full Thread Reply
15/10/2018 08:31	c.£4m excess cash, 50 million shares. That is an 8p special or thereabouts. So the same as two years ago, after a hiatus in specials last year due in part I think to expansion. Very satisfactory! :-)	edmundshaw	Read Full Thread Reply
15/10/2018 07:56	Excellent year-end update ! The Group is pleased to report that it has traded well in the second half of the year and expects to report revenues for the 52 week period of approximately £161 million (2017: £157.8 million), growth of 1.8%. This improvement is due to strong performance across the business, with both physical (Big Box and traditional Shoe Zone stores) and digital channels demonstrating growth allied with the completion of the loss-making store rationalisation programme. The Board now expects to report a full year Profit before Tax for the year ahead of market expectations and in excess of £11.0m. This improvement is driven by a stronger revenue and margin performance from the spring/summer ranges as well as benefiting from progress achieved through the further development of the Group's foreign exchange hedging policy. The Group continues to demonstrate strong cash conversion and closed the year with an approximate net cash balance of £15.7m (2017: £11.8m). Given the strength of the closing cash position, the Board anticipates that £4m of excess cash will be distributed as a Special Dividend to shareholders in March 2019, subject to approval at the Annual General Meeting. The Group ended the year with 492 stores, having opened 16 and closed 20, in line with the Board's stated strategy. Within the 16 store openings, 10 were the continued roll out of the Big Box format, with latest format Shoe Zone stores forming the remainder. We ended the year with 19 Big Box stores. Shoe Zone will announce Final Results for the 52 weeks to 29 September 2018 on Wednesday, 9 January 2019. Nick Davis, Chief Executive of Shoe Zone PLC, commented: "The Group has performed well through the year with a particularly strong performance in the second half. Our strategy of growth through Big Box expansion and online channels allied with excellence in the operations of the core Shoe Zone estate provides us with a clear path for the future. I am particularly pleased that the continued strong cash conversion has enabled the Board to outline its intention to propose its third Special Dividend. The new financial year has started well and there are a further 14 Big Box openings planned. We look forward to updating shareholders on progress at the time of our Final Results in January."	masurenguy	Read Full Thread Reply
15/10/2018 07:37	These days I think it comes dangerously close to a decent update!	cwa1	Read Full Thread Reply
15/10/2018 07:07	do I detect a positive trading update ?	mister md	Read Full Thread Reply
28/9/2018 11:36	Might be held in treasury - but that means they cannot lose a simple majority vote	fenners66	Read Full Thread Reply
28/9/2018 10:37	Thanks guys - you're right, since the shares are being held in Treasury it wont affect the Smith family shareholding percentage. However I'm still rather perplexed why they have initiated this very small share buyback. If they were looking to buy a more significant volume - say circa 1m shares - to support the shareprice and increase the yield it would make more sense.	masurenguy	Read Full Thread Reply
28/9/2018 10:31	Mas, as they are not cancelling the shares, the Smith holding %age will not change	edmundshaw	Read Full Thread Reply
27/9/2018 13:34	Hi Masurenguy. The announcement of the start of the share buyback included, "Any Ordinary Shares acquired as a result of the Buyback Programme will be held in treasury and used to meet future LTIP exercise requirements." Maybe it's a simple as that? The company has surplus cash and this would avoid issuing more shares. Even if the Smith family have ambitions, there are protections for minority share holders. I don't like share buybacks, but this one is small. Also, the bought shares will not be cancelled. And anyway, they'll struggle to execute it fully, imo. (Edit: Just seen a 25,000 share trade go through. Maybe they will get to their target after all?)	ed 123	Read Full Thread Reply
27/9/2018 12:38	The company is engaged in a share buyback of up to 75,000 shares (0.15% of shares in issue) over a 3 week period ending 12/10/18. I can't see the logic behind this in view of the very small amount of shares involved, circa £125,000 in value, and the limited timescale applied. The current fiscal year end is effectively tomorrow and the pre-close year end trading update is due on 24th October. The only obvious significance is that it will increase the Smith family holding from 50.0% to 50.1% giving them a majority holding. Could this be the precursor for some future planned corporate action ?	masurenguy	Read Full Thread Reply
15/8/2018 13:01	Anyone got their dividend today? I'm with I-web and no sign of it so far.	micos	Read Full Thread Reply
25/6/2018 16:57	Good to see a further rise on a minuscule volume, especially on a big down day in the markets. Shareprice is now up 25% over the past 3 months.	masurenguy	Read Full Thread Reply
17/6/2018 00:44	Looking good. Thought it might drift in the aftermath of the interims but this doesn't seem to be happening. General retail sales rising after Q1 problems caused by the Beast from the East. Trajectory for Shoezone looks good after years of re-positioning the store estate and the current expansion of the BigBox concept. Temptation is to add here. PT	podgyted	Read Full Thread Reply
25/5/2018 14:34	Good progress; much more to come \| finnCap, 24 May Paid Access "Against a turbulent retail sector backdrop, SHOE has delivered very encouraging H1FY18 results, demonstrating that management continues to make strong strategic, financial and operational progress. This reinforces the equity story, the key underappreciated elements of which we revisit here. TP increased to 210p..."	davebowler	Read Full Thread Reply
24/5/2018 18:03	Yes, it has to be said. Shoezone management are a savvy bunch. Not a holder now, but watch with interest.	topvest	Read Full Thread Reply
24/5/2018 11:15	Good summary boonkoh.	masurenguy	Read Full Thread Reply
24/5/2018 11:02	Super quiet trading volume this morning. Looks like not many people following SHOE...I'm really excited about Shoe Zone results today. It looks like they could increase PBT by ~20% in two years without doing anything.Average lease length is 2.2 years. So that means half the stores can be renegotiated in rent within the next two years (approximately).Average rent reduction achieved is 22%.Rent makes up 12% of turnover.So they're going to see another circa 1.3% of turnover drop straight to the PBT. So extra £2m, compared to £9.5m last year PBT.On top of that only 5% of stores are loss making, suggesting they have a business model that works and as rents get cheaper they have more opportunity to pick up new locations which couldn't worked before.	boonkoh	Read Full Thread Reply
24/5/2018 09:17	Very positive buy note from finnCap - TP 210.	podgyted	Read Full Thread Reply
24/5/2018 08:00	RNS Number : 0873P Shoe Zone PLC 24 May 2018 Interim Results Shoe Zone is pleased to announce its Interim Results for the 6 months to 31 March 2018. Financial Highlights -- Revenue growth of 1.1% to £73.7m (2017 H1: £72.9m) -- Strong product margins at 60.6% (2017 H1: 62.8%) -- Statutory Profit before tax of £1.0m (2017 H1: £0.3m) -- Cash increased to £5.9m (2017 H1: £4.6m) -- Statutory earnings per share of 1.70p (2017 H1: 0.50p) -- Interim dividend raised to 3.5p per share (2017 H1: 3.4p per share) Operational Highlights -- Rent on renewals fell by 22%, equivalent to a full year saving of £100k -- Rent as a % of turnover remained static at 12% (2017 H1: 12%) -- Footwear orders placed directly with overseas factories increased to 87.1% (2017 H1: 84.7%) -- Operating from 12 big box locations at period end contributing £3.1m sales in H1 -- Multi-channel sales up 21% to £4.9m (2017 H1: £4.0m), A contribution of £1.2m (2017 H1: £1.0m) Nick Davis, Chief Executive of Shoe Zone plc, said:"This has been a good first half for the Group, trading in line with management's expectations and achieving profitable revenue growth. Our on-going strategic focus on the property portfolio has continued to benefit the Group, with careful management of leases and measured opening of core and Big Box stores, taking advantage of the favourable retail rental environment. This good performance also reflects our close management of costs and ability to maintain appealing key price-points and multi-buy offers for our customers. We are delighted that multi-channel revenue has continued to grow profitably, especially via mobile, which remains an ongoing area of development for the business. Trading momentum has continued into the second half, in line with expectations for the full year. With our growth strategy in place, we believe we are favourably insulated against many of the structural sector issues and the Board remains confident of the outlook for Shoe Zone."	masurenguy	Read Full Thread Reply
24/5/2018 07:50	Good interims this morning. Income increasing - profits up. Continuing downwards pressure on rents.	podgyted	Read Full Thread Reply
10/5/2018 19:35	??? Was positive.	podgyted	Read Full Thread Reply
10/5/2018 18:19	Is that what is driving up the SP?	boonkoh	Read Full Thread Reply
10/5/2018 17:11	For those with access to IC - there is a podcast on Shoezone based at on of their Big Box stores.	podgyted	Read Full Thread Reply
10/5/2018 07:56	Interims are due in 2 weeks time.	masurenguy	Read Full Thread Reply
09/5/2018 19:54	Looking good. The strength show in the H2 numbers makes this a very good turnaround/value play. Looking forward to the results.	podgyted	Read Full Thread Reply

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