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% 161.50p 158.00p 165.00p 161.50p 159.00p 161.50p 1,179 08:00:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 159.8 10.3 16.9 9.6 80.75

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
DateSubjectAuthorDiscuss
12/12/2017
17:58
After the warm weather warning of 2015, I wonder if the cold weather conditions we are currently experiencing will help with the sale of higher margin long leg boots!
tanneg
12/12/2017
15:36
Could be a gradual shareprice rise into the FY results in 4 weeks time (January 10) on the back of the year end update that was issued 7 weeks ago.
masurenguy
26/10/2017
11:19
I'd say the good income is worth buying; and if people buy that income it will push the price up. As the Big Box rollout is going ahead after good early trading, and loss-making stores are being closed, there seems to me some upside potential from growth too.
edmundshaw
25/10/2017
15:19
Paul Scotts view on the interims. "SHOE has a good balance sheet. Net cash is reported as being £11.8m on 30 Sep 2017. Its "big box" stores are performing well, with more planned. My opinion - I like the business model of this show retailer. In particular, it usually only rents shops on short leases. With low fit-out costs, this gives it great flexibility - shops which don't trade profitably can be jettisoned quickly & easily. Whereas onerous lease liabilities are usually what kills many retailers. That isn't a risk here. The valuation metrics, in particular PER and dividend yield, look very good. Also, the quality scores are surprisingly high. I suppose the question is, how will consumer demand for cheap shoes hold up? As a boring, high yielding share, I'd say this one looks worthy of consideration, for an income portfolio. It looks good value to me, but I'm not sure that there's much upside potential on the share price."
masurenguy
24/10/2017
08:08
There you go! "The Group has traded well in the second half of the year and expects to report revenues for the 52 week period of approximately GBP158 million (2016: GBP159.8 million), reflecting the continued planned closure of loss making stores. The business continued to develop during the year at pace with continued roll out of the new Big Box stores and expansion into new online channels. Despite the impact of the foreign exchange headwinds that continued through the second half, the Board expects to deliver full year Profit before Tax broadly in line with expectations. The Group continues to have strong cash conversion and closed the year with an approximate net cash balance of GBP11.8m (2016: GBP15.0m). The Group ended the year with 496 stores, having opened 21 and closed 35 during the period. Within the 21 store openings, six were the continued roll out of the Big Box format with latest format Shoe Zone stores being the remainder. There have been no significant unexpected changes in the financial position of the Group since the publication of the Interim Report for the half-year ended 1 April 2017." Nick Davis said at the interims "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 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" Consistent reporting on performance with no nasty surprises !
masurenguy
24/10/2017
07:41
yep, boring is good ;)
mister md
24/10/2017
07:32
Well that's why we love this share, strong cash generation, good yield and no nasty surprises. Strong and stable...hang on isn't a quote from someone?
andyj
23/10/2017
13:02
A trading update was issued around this time last year. Definitely need some news flow, this share is so dead.
boonkoh
29/9/2017
18:49
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
29/9/2017
15:55
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
29/9/2017
15:18
Sudden drop this p.m. Anyone know why?
fenners66
24/9/2017
11:27
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
23/9/2017
14:18
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
31/8/2017
07:53
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
12/6/2017
18:16
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
09/6/2017
19:01
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
09/6/2017
13:02
I have bought some Ramsdens. I like it on fundamentals and it should provide a 5% yield.
meijiman
09/6/2017
12:41
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
09/6/2017
11:42
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
09/6/2017
11:38
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
09/6/2017
10:28
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
08/6/2017
07:57
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
08/6/2017
07:52
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
08/6/2017
06:51
Have emailed them for a response - doesn't make sense to me - can anyone advise if I'm misinterpreting the data please?
joe say
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
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