Shoe Zone Share Discussion Threads

[bountyhunter] 23/5/2022 13:04

The point I was making was about the LTIP and potentually holding any buyback shares in treasury or cancelling.

[zangdook] 23/5/2022 12:16

See posts 1297 et seq about the 30% limit and how the Smiths have an exemption.

[zangdook] 23/5/2022 12:10

Shares in treasury are not counted when calculating percentage holdings.

[bountyhunter] 23/5/2022 10:02

Also, relating to those buybacks in 2018:

"Any Ordinary Shares acquired as a result of the Buyback Programme will be held in treasury and used to meet future LTIP exercise requirements."

....which indicates that they have also had share options in the past.

[thecroots] 22/5/2022 18:34

Simmsc,

Not true. Look in the news section - October 2018 for details of the buybacks......

[bountyhunter] 22/5/2022 16:21

From the interims last week:

"The Company will otherwise continue to review management of its cash resources which may include special dividend and/or buyback programme, details of which will be announced in due course."

[simmsc] 22/5/2022 14:22

50m shares since 2016, no dilution, no buybacks. They will use any cash for divis and to speed up execution of business plan and to leave headroom on the cash side (the past few years have taught us that this is sensible).

[bountyhunter] 22/5/2022 11:50

There's always a first time especially if they keep bought back shares in treasury rather than cancelling.

[edmundshaw] 22/5/2022 11:01

Shoezone never issues new shares for options or anything else, they have had 50 million shares in issue as long as they have been listed I think...

[thecroots] 20/5/2022 19:32

Another chunky trade either after hours or reported out of hours. Very likely a buy as was at 160p

[thecroots] 20/5/2022 16:15

chinahere,

my neither, just happened to find in the `RNS's 4 or 5 years ago

[bountyhunter] 20/5/2022 16:02

I'd be surprised if they didn't but even if they don't it makes sense to hold a proportion of buybacks in treasury for the future to prevent potential dilution and also given the proportion owned by the Smiths that may be their only option as discussed above depending on the holding rules.

[chinahere] 20/5/2022 15:35

I don't remember SHOE having any options scheme?

[thecroots] 20/5/2022 15:33

Your are correct - but Only works like that if they buy them back for cancellation. If they buy them back and hold them in treasury (Possibly for LTIP scenarios) then the amount of shares in issue remains the same - and so does their percentages.

[bountyhunter] 20/5/2022 14:34

I realise that but I was talking about their proportion rising in the event of some or all of any bought back shares being cancelled. I'm not sure that it would be a problem anyway.

[thecroots] 20/5/2022 13:52

Bounty,

I'm pretty sure if they are held in treasury its not in the smiths hands. Although to all intents and purposes their holding technically is, but not officially.

I looked into it for that reason.

I would imagine they are going to do both as they stated this week.

[zangdook] 20/5/2022 13:35

Good to see Mr Boot filling his...er...trunk

[bountyhunter] 20/5/2022 13:18

I would prefer buybacks with cancellation of the majority of bought back shares with just sufficient held in treasury for option commitments. The only thing is the proportion held by the Smiths which is already pretty large would increase so there may be implications there.

[thecroots] 20/5/2022 13:02

I think we all now know a special divvie or/and buyback (to hold in treasury) is very much on the cards. They already mentioned it on their interims.

Here's hoping.

[bountyhunter] 20/5/2022 12:57

Yes a huge vote of confidence from the finance director buying shares to top up his holding. If anyone knows the prospects for ShoeZone it will be him!

[thecroots] 20/5/2022 12:51

Must be doing well. First time i think he has bought shares since being appointed. He could have bought them at 60p odd....

The finance director doesn't just buy shares if he is unsure....

[thecroots] 20/5/2022 12:50

Happy days....

[bigbigdave] 20/5/2022 12:40

Shoe Zone PLC

20 May 2022

Shoe Zone plc

("Shoe Zone" or the "Company")

Director Dealing

Shoe Zone announces that Terry Boot, Finance Director of the Company, has today purchased 25,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 151.5 pence per Ordinary Share, (the "Purchase"). Following the Purchase, Mr Boot's shareholding stands at 32,626 Ordinary Shares in Shoe Zone, which represents 0.07% of Shoe Zone's current issued share capital.

[thecroots] 20/5/2022 12:30

I'm not 100% sure but the discounted business rates is running for the full Fiscal 2022 for the smaller units?

And next year is the business rates review anyway so hopefully they will align to a more fairer system.

[eezymunny] 20/5/2022 11:14

All hail Paul Scott. Wasn't he up to his neck in BOO, telling everyone it was great?

Does he mention the cash flow in H1? Negative.
Does he mention the reintroduction of business rates in H2?

A pretty decent and well run business IMO but times are tough. Most retailers reporting lower sales in last couple months and inflation is crushing Joe Public.

Gotta balance the pros with the cons...