Shoe Zone Share Discussion Threads

[otemple3] 27/2/2020 10:15

With both China and Italy so key to their supplies I was amazed it held up as well as it did the last few days. I could only think it was due to people waiting for the dividend - so I bailed Tuesday and will look to buy back once things calm down / are quantified or at least acknowledged by the bod

[otemple3] 27/2/2020 10:12

Yes. Below is from annual report risk report: "The vast majority of the Group's retail products are manufactured overseas by suppliers located in China and to a lesser extent India, Turkey, Italy and Portugal. As a result, the Group is also subject to the risks associated with international trade"

[meijiman] 27/2/2020 09:59

Do they get shoes from china...maybe that is a concern?

[otemple3] 27/2/2020 09:23

Think everyone held off selling this week until the dividend - just playing catch up imo

[thecroots] 27/2/2020 09:21

Blimey. That ex divvie drop is a bit overdone.!!

[thorpematt] 17/2/2020 21:59

BBC have picked that one up :- hTtps://www.bbc.com/news/business-51530591

[dplewis1] 15/2/2020 18:16

It's spam - all by the same bloke with about 50 aliases on here. Just report / ignore.

[edmundshaw] 15/2/2020 18:02

That is a Times article. Best read the Times for that...

[briangeeee] 10/2/2020 17:22

Shoe zone normally have staff in China looking after sourcing and I imagine QC. As an employer, are they ensuring that they stay in place? It would also be interesting to know how many of Shoe Zone's supply factories are back to work after the extended NY holiday. I believe key industries went back to work today, but that doesn't include exporters of commodity goods. I also wonder how much stock is held to buffer the supply chain.

[mctmct] 10/2/2020 14:12

Coronavirus: concerns about supplies spooking investors? Should they be?

[someuwin] 17/1/2020 12:26

Buy before 27 Feb to get the next dividend of 8p which is about 4.7%. Full year divi this year was 11.5p or 6.8%

[thorpematt] 17/1/2020 11:06

SHOE results looking all the more impressive against the wider retail backdrop as described here:- hTtps://brc.org.uk/news/2019/worst-year-on-record-for-retail/

[edmundshaw] 16/1/2020 18:53

Director change is not news (for most of us).So it should not logically imact the share price... but then Mr. Market is not terribl logical...

[dmdmdmdm1] 16/1/2020 16:57

Curious about the director change and drop in share price ...sounded positive unless Imisunderstand

[edmundshaw] 16/1/2020 14:51

My feet are wide and shortish, so size is not enough for a good fit most of the time. But then I would never order shoes online with no physical store available, but would definitely click and collect to try them, or possibly order them online and return to store.

[eeza] 16/1/2020 12:04

Also SHOE benefiting from reduced rents (because of others' CVA's etc)& mooted reduction is Business rates.

[thorpematt] 16/1/2020 11:18

yes, going back to the return rate this is a key point for shoezones business model. As you say clothing online retailers (for all the positives of the trading model) suffer enourmously with returns. It's the most challenging part of it. Shoes are a little less problematic becsuse the issue of fit is less lileky to be a problem. Often people will order 3 sizes of clothing just to ensure one will fit (and send the other 2 back). They will also order 3 different colours and perhaps 2 slighlty different styles. Wih shoes the size is usually your size (Pretty much usually fits). In terms of styling and colours it tends to be less of "how does this suit me" than with clothes. We've all been there where we like the look of a product, try it on and find it just doesn't suit me. Shoes rarely work that way, and dare I say it at the cheaper end of the market it is less likely to be about styling and more about practicalities. There is also a lot more "it'll do" attitude when you are paying £10 as opposed to £200 (where if you are not 100% happy you send it back). I also must add here that click and collect and store presence to compliment online is highly useful here. I have felt for a little while now that SHOE is heading towards an almost perfect balance of thse 2 and that reatil, although still in an ever changing evolution, is really not just about online but in fact about combining the benefits of all distribution channels (both on the supply and demand sides).

[someuwin] 16/1/2020 09:02

16 January 2020 Shoe Zone plc Appointment of Chairman Shoe Zone plc (the "Group"), the UK's largest value footwear retailer, operating in town centres, retail parks and online, announces the permanent appointment of Charles Smith as Chairman. Charles is an existing board member and major shareholder of Shoe Zone plc (22.2% shareholding) and was appointed Interim Chairman in August 2019. Prior to that he held the office of Chief Operating Officer since Shoe Zone's IPO in 2014. Following Charles' appointment, the board composition will be three Executive Directors and three Non-Executive Directors. All Non-Executive Directors serve on both the Audit and Remuneration committees.

[someuwin] 14/1/2020 09:51

Amazing that SHOE's online return rate is only 11%. That must make them one of the most efficient online clothing operations around (most are about 50% returns). ...And 80% of those returns are direct to stores as well thus reducing costs further.

[someuwin] 13/1/2020 14:15

No online buy quote available.

[owenski] 11/1/2020 08:55

I thought the mark down on results day was unwarranted and so topped up,first purchased recently @138-140. For me it's an income stock so I dont expect massive capital appreciation. The simple question is - is the income sustainable, it looks to be. Plus they have a habit of returning excess capital to shareholders. Buying before the next div. - in a months time - equates to 11.4% yield over 13 months at current buy price.

[edmundshaw] 10/1/2020 21:46

Underlying the PE is about 10. But with several positive trends (growing and profitable online, reducing rents, Big Box stores clearly going well and the new hybrid format looking exciting too), I find this an easy share to hold at this price. Yield looks sustainable at 11.5p (circa 7%) and in years with special dividends (two out of the last four at 8p) this approaches 12%. I am cautiously pencilling in a 4p special dividend for next year and improved earnings as a likely median earnings scenario - which would obviously likely be accompanied by an improved share price. But if some of those good metrics add underlying growth to a less difficult year, of course things could get considerably better. I didn't comment earlier in case the price dropped further. I would have liked a little top-up!

[leoinvestoruk] 10/1/2020 10:10

I was impressed by the results and their conservative approach to their forecasting, and so added on the open. We'll be doing a section on Retail include Shoe Zone on Small Caps Live at 11am today (or catch up later): hxxps://discordapp.com/invite/vBQjDaZ

[otemple3] 09/1/2020 21:38

Good post Thorpematt. Have some of these in my wife's ISA and happy to sit and receive the dividend and slowly watch it rerate. Think this should be closer to £2