Shoe Zone Share Discussion Threads

[meijiman] 30/10/2015 14:45

The shoes!

[masurenguy] 30/10/2015 13:30

The three key elements highlighted by IC above were:
1. Projected pre-tax profit of £10.1m and eps of 16p
2. Annual dividend of 9.60p representing a yield of 4.75% at the current share price of 202p.
3. Projected y/e net cash balance of £14.2m compared to £5.9m at the end of H1 in April.
What's not to like about that !

[masurenguy] 30/10/2015 07:30

Directors Dealing
RNS Number : 9372D
Shoe Zone PLC
30 October 2015

Directors Dealing

Shoe Zone PLC, the UK's largest value footwear retailer, announces that it was informed on 29 October 2015 that on 29 October 2015, Mr Anthony Smith and Mr Charles Smith, CEO and COO of the Company respectively, sold 1,386,472 and 1,108,528 ordinary shares of 1p each in the Company ("Share(s)") respectively at a price of 190p per Share. Following these transactions, Anthony Smith and Charles Smith hold 13,895,592 (27.8 per cent. of the Company's issued share capital) and 11,109,408 (22.2 per cent. of the Company's issued share capital) Shares respectively.

The 2 director sells are shown below as 37 & 39 respectively. The other 3 transactions - 36, 38 & 40 - obviously represented the associated Buys. Transaction number 40 is above the 3% reporting threshold so we should see another RNS in due course identifying that particular buyer.

40: 190.0 1,684,210
39: 190.0 1,108,528
38: 190.0 560,000
37: 190.0 1,386,472
36: 190.0 235,200

[masurenguy] 28/10/2015 11:00

Tempus

"A warm winter last year hit sales of knee-high boots, but with cash in the bank and no debt, it held on to the stock, which is selling well. Shoe Zone, whose shares closed up 10½p at 194½p, said that its pre-tax profits for the full year should be in line and it is expected to pay a full-year dividend of 9.6p — equivalent to a 6 per cent yield. Not too shabby. Revenue year to October 3 £166.8m
MY ADVICE: Buy
WHY: A solid cash-generative, high-yielding business"

Complete article here:

[toby tots] 28/10/2015 09:16

Tipped by TEMPUS today!

[masurenguy] 27/10/2015 19:24

Paul Scotts view.

Shoe Zone (LON:SHOE)
Share price: 192p (up 4.3% today)
No. shares: 50.0m
Market cap: £96.0m

Trading update - this retailer of cheap shoes blotted its copy book with a profit warning in Apr 2015, within its first year of listing too, a serious black mark. However, I reckon it's a decent business, so should recover in time.

Today it says; "The Group has traded well in the second half of the year and expects to report revenues for the 52 week period to be in the region of £166.8 million (2014: £172.9 million), reflecting the continued planned closure of loss making stores. The Board expects pre-tax profit for the period to be in line with expectations. The Group ended the year with 535 stores, having opened 18 and closed 28 during the period. The business continues to have strong cash conversion and closed the year with an approximate net cash balance of £14.2m (2014: £9.1m)."

That sounds fine to me! In line with expectations are the key words.

Valuation - broker consensus is 18.1p EPS this year, so at 192p the shares are rated at a fairly modest 10.6 times. Given that the company has a sound balance sheet, with net cash of £14.2m, then the rating is really somewhat lower.

My opinion - it takes time for confidence to rebuild, but this share now looks a lot more appealing. I'm tempted to pick up a few, but don't have any spare dosh at the moment, and am already very heavily exposed to UK retailers. I could see say 20% upside from the current price, providing they don't slip up again. There's also a 5%+ divi yield, and a Stock Rank of 93, so I imagine this stock will gradually come back into favour with investors.

[masurenguy] 27/10/2015 19:22

dlku - what is the point of posts #231 & 232?

[meijiman] 27/10/2015 11:46

That explains why they are very cheap -but not good in the rain.

[dlku] 27/10/2015 11:38

some are made of cardboard

[meijiman] 27/10/2015 09:53

I cant believe all their shoes are made of plastic -is that right?

[opodio] 27/10/2015 08:45

over 200p, can it hold

[imranawan] 27/10/2015 08:42

Opodio, if you look back at previous RNS's they have a strong seasonal bias to their results, whereby H2 is always more profitable than H1, so you can't extrapolate H2 perf to the full year.

[ed 123] 27/10/2015 08:39

Thanks, opodio. :-)

[opodio] 27/10/2015 08:37

if they do 13p in H2, perhaps theyre set for 26p next year

A bit simplistic but you know what i mean

[opodio] 27/10/2015 08:36

Synthetic rubber is made by man from petrochemical feedstocks.

[opodio] 27/10/2015 08:28

cold weather now

bet their rubber wellies are selling well

low oil price makes them cheap and rubber is made of oil too

in fact all their shoes are plastic so willbenefit from oil price

lovely bowl on chart

what more do you want

[opodio] 27/10/2015 08:19

bowl to 260


im back in

[cwa1] 27/10/2015 07:23

Short and reasonably sweet:-

Pre-close Trading Update

Shoe Zone PLC (the "Group"), the UK's largest value footwear retailer, reports on trading for the 52 week period to 3 October 2015, prior to entering its close period. The Board will announce Final Results for the period on Wednesday 13 January 2016.

The Group has traded well in the second half of the year and expects to report revenues for the 52 week period to be in the region of GBP166.8 million (2014: GBP172.9 million), reflecting the continued planned closure of loss making stores. The Board expects pre-tax profit for the period to be in line with expectations.

The Group ended the year with 535 stores, having opened 18 and closed 28 during the period. The business continues to have strong cash conversion and closed the year with an approximate net cash balance of GBP14.2m (2014: GBP9.1m).

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 4 April 2015.

[masurenguy] 26/10/2015 15:45

Unlikely to be any "leaking news" since the trading volume is miniscule - around a dozen small PI buys totalling circa 18,000 shares. Probably just a bit of speculation prior to tomorrows update.

[bruceylegs] 26/10/2015 15:36

Up 3% the day before the trading update...some news leaking out perhaps?