Shoe Zone Share Discussion Threads

[bountyhunter] 05/12/2022 19:26

Yes another up to GBP3,500,000 dedicated to share buybacks between today and 8 March 2023, plenty of spare cash!

Additionally shares bought back are periodically cancelled so not held in treasury for future director awards as some companies do!

"Any Ordinary Shares acquired as a result of the Buyback Programme will be initially held in treasury and then cancelled periodically."

[edmundshaw] 02/12/2022 17:29

Last 3 month hare buyback programme finished a couple of days back, about 1.25m shares bought back (2.5%). Very rough estimate they spent £2.2m of the £3.5m available on that. New programme now started with a fresh £3.5m.

The only difference I can see is they have omitted the maximum purchase price of £2.00 stipulated in the last lot. Seems Shoezone has been generating a lot of cash lately...

[someuwin] 02/12/2022 14:18

...Looks even better now

[bountyhunter] 29/11/2022 10:54

Not a bad chart

[bountyhunter] 29/11/2022 10:54

Not a bad chart

[bountyhunter] 08/11/2022 17:07

📈 :-)

[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.