Shoe Zone Share Discussion Threads

[netcurtains] 08/3/2021 20:00

MILLIONS of kids went back to school today.

If you go to google and do a search for "new school shoes"

ShoeZone comes up third on the list. That is really good!

[clocktower] 08/3/2021 16:59

with this one net - I think your a bit like a bull that cannot see the sword beneath the red cloak, as you charge.:-)

[netcurtains] 08/3/2021 16:26

Weirdly buyers have to pay full ask price (72p) but sellers get within the spread.

[netcurtains] 08/3/2021 16:12

buyers coming back in at 72p.

[netcurtains] 08/3/2021 15:28

ct: I was thinking of doing a new thread on SHOE as I do like it. But I dont want to drown out other voices - so might keep most of my posts on one thread as I do know if I like a share I go on on about it for ever.

aka previously WEY Education and currently TRIAD PLC and SHOE....

(I obviously have many more shares then these its just when I see something that others dont that I go bananas )

[clocktower] 08/3/2021 15:19

Good Luck netcurtains, keep the posts going and the thread alive, its always good to have your take on any share.

The secret of success is to sell at a profit, be it shoes or shares not necessarily high priced goods.

[netcurtains] 08/3/2021 15:17

The secret for growth in new era is to get more expensive items in same container space.....

[netcurtains] 08/3/2021 15:01

ct: It does appear that many agree with you. eg loads of small sells. Some canny buyers in the morning.

From trades this morning:
buyers like 60p+
sellers like 68p+

I think as the days roll on and results news recedes but April approaches
the buyers will also like 90p+

[clocktower] 08/3/2021 14:39

netcurtains - imo my humble opinion I would put them in much the same basket at the moment but to give to an honest reply - Yes I do think that RGB is better value and will bounce back far more quickly. In addition if you look at the sp, it seems that many others agree as the share price has risen since Feb and continues to do so today.

In fact I do not think SHOE will really recover at all, that is not to say there will not be bounces now and again but with a round of funding to get rid of some of the debt and to give more headroom for a year or two you will I believe see 30p much sooner than £1.

They may just borrow more - if they can mind you, and sink it in debt.

[pinemartin9] 08/3/2021 14:18

All the bad news is out with this one. Easy 10% to be had when the stores reopen and general market optimism.

[zangdook] 08/3/2021 13:43

If I was going to be super optimistic about stocks I don't think I'd call myself curtains.

[leicesterboy] 08/3/2021 13:37

Shares have not went as low as I thought they would be heading.Have had a look at the board of directors fairly light 2 non executive + 3 executive . Think they might need to bring more experience to the team.

[netcurtains] 08/3/2021 13:27

clocktower: So answer me this. Why do you think SHOE should be valued LESS than Revolution Bars Group?

Easy question should have easy answer.

Revolution Bars has Market Cap £43m and profits MINUS £31.7m
and yet Rev Bars is worth 23% more than SHOE?

People working from home for ages yet so City centre bars might never be the
same again

[clocktower] 08/3/2021 12:15

netcurtains - Stop making me laugh please. :-)

Some of your family are civil servants and of course you trust them but they will always point to the few successes rather than their failures when their words of "wisdom" turn out to be nothing more than most of the clap trap on these threads, that from time to time have pearls of wealth.

Leicesterboy - you say "not used all their loans" read it again, they said they had not used all the loans in the year.

They have not said that to date the loans have not been used.

Like they said they sold 16 million pairs of shoes at an average of £11 not long ago. Maybe the new CFO will come up with more accurate numbers next time around.

Last year they sold around 12 million pairs at just over £10 a pair it would seem but as they lost £14.6 million but they lost around 12p on every pair they sold.

Great business!

[chinahere] 08/3/2021 12:12

Yes, there is the grant for retailers too which must be at least £2m.

[leicesterboy] 08/3/2021 11:54

They still have good net cash at bank and have not used all their loans they received from the government. Sense of optimism here.In addition they have stated they still have an excess of autumn stock suggests to me they won't need to spend much cash buying new stock for 21 22 season.

[netcurtains] 08/3/2021 11:47

All good points LB....
We all assume (ex-shopkeepers like me) +: cut dead wood means more profits per units left which also has the added bonus of needing less expensive container loads of shoes and the option of finding even cheaper rents.

For them to state they expect to be back in profit in 2022 is quite some sign of optimism,

That is definitely better than I expected.

[leicesterboy] 08/3/2021 11:42

Have reviewed the results this morning.Some questions I have are:-Digital online is up - however profits don't seem high considering the length of lockdown. I appreciate they were almost giving away shoes last year with promotion to generate cash flow into business. Delivery costs seem excessive is this sustainable in longer term.Turnover - how can this increase if you are shutting 50 shops per year for the next 3 years with limited new stores or hybrid.Plenty of low rents available- would now not be the time to look at stores individually to look at relocation whilst rents are cheap/favourable deals

[netcurtains] 08/3/2021 11:41

5th April ISA dead line.
We will see stock market buys on or around that date too!

[netcurtains] 08/3/2021 11:23

Retail shares now on the rise:

See Frasers and Hotel Chocolate and MKS etc etc

Its time for the high street!

[netcurtains] 08/3/2021 11:20

clocktower: some family are in the civil service. If cant trust family who can you trust. lol.

Anyway bottom line:

schools gone back to day. School shoe sales going through the roof.

shops open in 34.5 days.

civil service say retail boom starts april

SHOE said they will make soooo much money they will be back in profit in 9 months
and be able to actually pay the dividend again with 2 or 3 years after that.

Blimy that is brilliant news!

And tiny market cap too.

Its a shoe-in

[masurenguy] 08/3/2021 11:07

"I can only see this ending in a pre-pack and the former owners buying it back for a snip a few years down the line."

Good post Clocktower - totally agree !

[clocktower] 08/3/2021 10:51

netcurtains - I respect your views and undoubted investment skills BUT I also fell out of my chair laughing when you stated -

"To my mind I trust the civil service when they say we are going to have a monumental sales boom in the high street."

What living soul other than you would trust any civil servant other than knowing they are all acting in their own self interest, with every bone in the bodies, in the same way as the monarchy and judicial are tied together to contain those that would dare to challenge the state institutions.

As it is the food retailers are coming to the end of the Boom for them, and there will also be others that will enjoy a Boom after all the shops can open BUT when you have a retail business selling goods at the bottom of the market (ie cheap shoes)and the costs of importation is rising along with a pile of debts - then I can only see this ending in a pre-pack and the former owners buying it back for a snip a few years down the line.

Lord Harris name comes to mind.

[netcurtains] 08/3/2021 10:04

Doc Marten sell VEGAN shoes for £100

There is potentially good profits in relabelling plastic shoes as VEGAN.

[undervaluedassets] 08/3/2021 09:57

for the doubters ..

Course the results are bad.

If the results were good I would be worried.. cos it is impossible.. that would imply fraud .

Apart from those that have an online only offering ALL Uk retail results will be bad, without exception.

BUT Is the whole of the locked-down Uk desperate to buy some cheap shoes ? Of course they are.

This will be fine