Shoe Zone Share Discussion Threads

[bountyhunter] 05/11/2022 19:13

Very likely, who wouldn't buy shoes at ShoeZone at a fraction of the cost of Clark's, even branded shoes are at a discount. Clarks is like the Clinton Cards of the shoe world whereas ShoeZone is like CardFactory (without the debt).

I bought some branded trekking shoes recently from ShoeZone online expecting to have to take them back to the nearest shop given the difficulties of choosing online, but they surpassed my expectations and so I've kept them. £5 off for the first order.

[bigbigdave] 05/11/2022 17:06

SHOE related?

Clark's Shoes in a spot of bother? Auditors to Clarks have repeated a warning that there may be a “material uncertainty” about the retailer’s ability to continue as a going concern amid a downturn in consumer spending.

EY has flagged up a risk to the shoe chain’s finances in the accounts and said a poor period of trading may leave Clarks in breach of banking covenants

[edmundshaw] 25/10/2022 15:18

Adjusted earnings hiked another £500k to "not less than £11m", after already being hiked another £1m recently.

Net cash is very high and share buybacks at a bargain price are probably not going to account for much of it, so I am guessing a return to a meaty final dividend (with some being special).

[babbler] 25/10/2022 11:29

people still need shoes. And shoe is cheap. Compared to others...

[thecroots] 25/10/2022 09:01

Results as expected. Divvie an extra bonus. Im just concerned about the economy as a whole if i am honest.

[bountyhunter] 25/10/2022 08:30

Great results, all good, so good that we are getting an extra dividend!

the Board is pleased to announce a one off second interim dividend of 3.0 pence per share. This dividend will become payable on 21 December 2022 to those shareholders on the Company's register as at close of business on the record date of 4 November 2022. The ex-dividend date will be 3 November 2022

[slogsweep] 25/10/2022 08:17

good results but any rise just attracts sellers. there seems to be a lot of cash strapped people/funds out there

[babbler] 25/10/2022 08:03

smashed it again.

[bountyhunter] 19/10/2022 05:50

Not long then, next Tuesday

25th October 2022
2021/2022 Full Year Trading Update

[gleach23] 18/10/2022 14:49

Nice one...thanks bbd

[bigbigdave] 18/10/2022 14:36

On the SHOE plc website gleach23 :o)

[gleach23] 18/10/2022 14:33

Have they said it will be next week bbd? Last year the unaudited full year update was 13th Oct

[bigbigdave] 18/10/2022 13:58

Rising towards next week's trading statement, another 'ahead' coming methinks.

[niklol] 13/10/2022 14:29

Why this enormous drop???

[mongrels4] 11/10/2022 07:48

Taken from KPMG’s retail sales analysis this morning.

Once again, clothing and footwear came to the rescue of the high street, and back to school purchasing was a driver in retail growth figures, with sales of children’s shoes up over 15%.

[mongrels4] 04/10/2022 08:08

Solid results from Greggs. Totally different sector of course, but like like ShoeZone, sits at the value end of the market

[bigbigdave] 04/10/2022 06:57

Results 25/10

[disc0dave45] 20/9/2022 21:14

Don't disagree with a lot of what Zeus say, but concerned that their supply is anything but resilient - 95% comes from China. With one region dominating shoe production, so if they maintain their stupid zero policy then expect major lockdowns again this winter.

[edmundshaw] 20/9/2022 11:46

Fair point, zangdo; I was trying to keep it simple as I already posted that stuff last week and it IS in the RNS for anyone who troubles to read it.

As the share is not very liquid there are days with very few independent trades, so some days (b) does not get much of a look in...

[forthelongterm] 20/9/2022 10:29

I understand, although notes such as the one issued by Zeus is unlikely to bring the price down or maintain the price.

[zangdook] 20/9/2022 10:10

It's not quite that strict:

the maximum price paid per Ordinary Share shall not exceed the higher of:

(a) 105 per cent. of the average trading price of the Ordinary Shares as derived from the middle market quotations for an Ordinary Share on the London Stock Exchange Daily Official List for the five trading days immediately preceding the date on which an Ordinary Share is contracted to be purchased; and

(b) the higher of the price of the last independent trade and the highest current independent bid on the trading venue where the purchase is carried out.

[edmundshaw] 20/9/2022 09:44

The maximum buyback trade price cannot exceed 105 per cent. of the average trading price for the five trading days immediately preceding the trade.

We have been rising fast enough to actually inhibit buybacks (for now).

[forthelongterm] 20/9/2022 08:45

I agree that it is very encouraging. Although I wonder why Zeus put out this comment since it isn’t going to encourage people to sell which is needed for buybacks. I notice there have been hardly any buybacks since the most recent announcement regarding buybacks.

[bountyhunter] 15/9/2022 22:57

A very encouraging note from Zeus.
What's not to like!

[edmundshaw] 15/9/2022 22:49

Zeus has, if rather enthusiastically, hit the nail on the head. In my opinion.

I have been invested in this for five years and currently my investment is the biggest it has been (partly funded from a previous dividend policy that essentially pays out excess cash in frequent special dividends: worth checking the dividend history if that aspect is important to you).