Shoe Zone Share Discussion Threads

[ny boy] 30/8/2019 23:05

Best stop gambling here...(STX) is a rock solid play awaiting US commercialization deal in Q4

[smokybenchod] 30/8/2019 21:56

No doubt Robbie Burns will say he miraculously got out yesterday for a small profit

[g2theary] 30/8/2019 21:20

I didn't say I traded by spread bet or I made money on this... I traded MCRO yesterday and made 2k and I feel that was over sold as this is... so I purchased 10k shares at 138 ... I'll sit and hold ... I also picked up another 5k before close. Cash not spread bet:)

[edmundshaw] 30/8/2019 19:59

I reduced a bit over 200p, and I don't reinvest dividends, so relatively easy to add on this rather extreme looking price reaction. I have seen companies that deserved such a reaction (and more), for example, Debenhams, Interserve, and various banks. But very often there was a serious bad contract or massive debt burden underlining the risk. Those aspects just do not exist here.

[actybod] 30/8/2019 16:19

Sorry to see this having got out above 200. Will review again now

[glavey] 30/8/2019 15:45

The payables must be on the increase given the exchange rate.

[spob] 30/8/2019 12:38

So don't close the shorts for 3 days

[supercity] 30/8/2019 12:16

No one use the 3 day rule?When a share drops and it looks over done always wait 3 days as it more often than not goes past the first days low which in this case would mean dropping below 118p by Tuesday next week.Often made a few quid trading this way as it tends to then bounce back to where everyone was buying on day one 125-130 in this case.Happy to be corrected after Tuesday but not before :-)

[fillipe] 30/8/2019 11:18

RSI drifting lower again. I feel there's no rush to buy here, just yet. f.

[mister md] 30/8/2019 10:49

you can have mine for 185p

[spob] 30/8/2019 10:27

might buy some, if these fall to around 85p as the ceo has resigned, all forecasts are now toilet paper just my opinion - no offense intended

[andyj] 30/8/2019 10:23

Nonsense, only spread betting novices would be daft enough to trade a share with a spread as wide as this.I agree with the oversold sentiment, but waiting for the sellers to dry up.

[mctmct] 30/8/2019 09:05

As usual, Douglas Adams* is prescient. Brexit will cause great gloom, so shoulders droop, heads drop and people look at their shoes ... The forecast "shoe horizon" is near now, and SHOE is well placed to benefit. * for those few yet to discover it, "Hitchhiker's Guide to the Galaxy".

[g2theary] 30/8/2019 08:50

I still made 2k trading it... picked up 10k of these at 1.38 ... currently down :)

[mister md] 30/8/2019 08:19

Micro Focus is barely profitable and has huge debt ShoeZone is now on a very low valuation and pays a bumper dividend. I had sold my holding earlier in the year but have re-purchased in a few trades today

[g2theary] 30/8/2019 08:14

Like Micro Focus this yesterday... this looks over down tbf :)

[thorpematt] 30/8/2019 08:13

I've been buying here this morning. In some regards i am fortunate since I topsliced late last month, but this was too good an opportunity to pass up. As I see it the TS reports a slowing high street and falling property valuations. Those 2 items are not news. The real news for most of the (stock) market is that SHOE has a business model which is already part way through a transition away from those 2 problems:- Falling property valuations are a result of falling lease rates - falling leases are a tailwind for SHOE It is experiecing growth in its out of town and online sales. (The 2 offerings provide great synergies for SHOE). So frankly a profit warningklinked to 2 things we already know is a little underwelming for me and the fall is overdone. My view on SHOE is that it is one of the few high street brands which will flourish in the new retail environment. It's a blend of online, out of town and high street stores + online + excellent purchasing power and own brand power + well-structered IT systems, warehousing and logistics. In essence it's ahead of just high street and ahead of just online in a number of ways. Theses are the reasons it returns higher margins now than 5 years ago and has such good quality metrics such as ROE and ROCE.

[dsct] 30/8/2019 08:09

I think the drop is an over-reaction. 'The Mrs' has held these for a few years, as a divi player. Based on today's news, I suggested averaging down (from her 160p purchase price), and through AJ Bell, put a 120p limit order in, which got actioned, so she has increased her small holding by more than three-fold. I also placed a limit order at a lower price, but that hasn't been hit, and I now expect it to expire today. I, along with most of the population, can only speculate on what will happen regarding Brexit, but would hope SHOE have put in place their potential plans based on the varied scenarios. I'm sure people will still need shoes, and if their is a tightening of their available income, SHOE could benefit.

[kennzo2020] 30/8/2019 08:03

I've been trying to buy from £1.20 onwards up to £1.35 and my bid still ain't being accepted (currently showing at £1.28). Broker now won't accept my bid......everyone buying!

[gswredland] 30/8/2019 07:55

Probably more warnings on the way Have been looking from the sidelines and almost bought a couple of weeks ago Difficult market out there

[mister md] 30/8/2019 07:52

took ages to finally get my buy through at 125p, they wouldnt give them away at 122p

[mctmct] 30/8/2019 07:52

Try again Tom. AJ Bell offered me 5000 at £1.30