Shoe Zone Share Discussion Threads

[masurenguy] 15/7/2020 13:54

What !!! Online sales last year were £10.6m, which constituted just 6.5% of total sales. They subsequently increased by 15% during H1 this year but that is still less than 10% of total sales.

[dmdmdmdm1] 15/7/2020 13:17

I expected this to respond more positively to things reopeining, particularly since the online segment is so strong

[owenski] 23/6/2020 07:24

Doesn't make for good reading. Offers to generate cash have trashed margins, this is a business in survival mode with end market difficulties likely to continue for some years yet. Forget divis also.

Avoid.

[thecroots] 27/5/2020 21:25

Yes encouraging its back at 100p. Hopefully push on a bit when the shops open....

[thorpematt] 26/5/2020 20:55

Thread subject title looking more apt I see.

[andywillz] 14/5/2020 11:06

deffo one to watch over the next 3-6 months for me. kids going back to school in phases in the UK very soon, and high street shops opening up from june. 'back 2 school' sales coming early?

[actybod] 01/5/2020 08:31

Buys showing as sells. Naughty.

[actybod] 30/4/2020 20:42

Why the steep decline today ?

[thecroots] 10/4/2020 14:01

Well I've ignored that uncrossing trade!. Bid at close was 85P and offer was 90p

[actybod] 10/4/2020 07:12

Assume that last trade was an error?

[thecroots] 05/4/2020 17:42

Yes, its a nightmare to buy any SHOEZONE shares for the last 14 days.

[actybod] 03/4/2020 21:06

I didn't. Tried to get stock but nothing online first thing.

[guman] 03/4/2020 18:17

did any body notice you can not read any thing during business hours on Advfn.
i could not have written this between 8.30-4.30

[tomboyb] 03/4/2020 08:10

All retailers are in same boat -

Unprecedented with wafer thin time limits -

A lot will go under and SHOE will need that £10mill facility just to get through -

[sphere25] 03/4/2020 08:08

Following the recent trend of placings, possible placing needed:

"The Group has a strong relationship with its lending bank and is in advanced discussions with it with respect to the provision of a new 4 year GBP10.0 million term loan (the "Term Loan"), to provide it with additional liquidity through the
current disruption caused by COVID-19.

However, should the Term Loan not be provided, or the proposed quantum of the
Term Loan be materially reduced, the Group would need to seek to take further cost saving measures and/or raise additional capital by early May 2020, assuming that the 2019 Final Dividend is cancelled and not paid to Shareholders."

[tomboyb] 03/4/2020 08:07

As at 1 April 2020, the Group had net cash balances of approximately
GBP4.7 million, and undrawn banking facilities of GBP3.0 million
from which the 2019 Final Dividend of approximately GBP4.0
million would need to be paid.

No dividend -

[thecroots] 27/3/2020 09:51

Predictable treeshake incoming!!

[thecroots] 26/3/2020 18:45

This does look like a bargain at the minute. Hardly any stock to buy at all online for 2 or 3 days now.

Rates been suspended for 12 months which will be GREAT news for Shoezone. I wouldn't be surprised if this is the Catalyst for Rate reforms with the COO has always asked for. The 80% wage covering will also be a huge help.

with all the above, whilst unlikely, its not out of the question that the Divvie will be re-instated via a special Divvie.

I'm glad it has came back a bit and that the government is doing right by this.

[thorpematt] 25/3/2020 11:35

Ed,
Yes I read that study a few days ago. No evidence for re-infection. This dittos a prior study on Chinese healthcare workers. There was an inital apparent trace of infection after disappearance but this was later found to be an anomoly.

I agree on shoezone, cash should not be a problem when compared to others. I have compared all stocks I owned or were on my buy list, with specific regard to present debt/ cash levels and a return to operations and concluded that SHOE was in a far better position than most.

Since it had fallen so far, I also concluded it was a buy as opposed to a hold!

[edmundshaw] 25/3/2020 09:21

Back to Shoezone. Two of my other smaller companies are taking advantage of the government's 80% salary support. I expect Shoezone to do the same, which should relieve any worries about cash levels while this is going on...