Shoe Zone Share Discussion Threads

[glavey] 10/3/2021 16:58

Net, if you were trying to demonstrate how naïve people can misconstrue things, or how cleaver people can twist things, this would be a good example:

"So a year is normally 12 months.
So back in profit (earliest) starts 3 October 2021 which is actually
only 6 months away.

That is actually way better than I thought!

I was thinking 9 months. So 50% better than expected."

But the reality is that you are not trying to educate people, you are trying to deceive them and benefit from it personally, which is quite sad really.

[antonagis] 10/3/2021 16:47

Regarding GLAVEY, just in case anyone didn't see the earlier post, he is quite clearly either a paid deramper or VERY bitter from possibly having made poor past investments judging by his ONLY negative comments on every single chat board he has ever visited. Click on his username for further details on my comments. If anyone can find even a SINGLE positive comment regarding any chat he’s ever been on, let me know, I couldn’t.

[netcurtains] 10/3/2021 16:46

32 days to shops open.... (or about 24 trading days).

This is what they said:

"financial period ending on 2 October 2022"

So a year is normally 12 months.
So back in profit (earliest) starts 3 October 2021 which is actually
only 6 months away.

That is actually way better than I thought!

I was thinking 9 months. So 50% better than expected.

Thanks.

[fjgooner] 10/3/2021 16:45

Makes me think dead cat bounce. Cash dwindling fast - cash call coming later this year anyone?

[fjgooner] 10/3/2021 16:44

Well spotted Glavey - that is seriously bad news for any clever investors looking for returns any time soon.

"We do not expect profits will return to pre COVID-19 levels for the foreseeable future. Lockdown in November and January to mid-April so far in this financial year makes a return to profit extremely unlikely until the financial period ending on 2 October 2022 at the earliest."

[fjgooner] 10/3/2021 16:42

Unless Cleverinvester is right about re-opening being delayed by virus variants spreading, in which case re-opening stores could be put back by many more months.

[netcurtains] 10/3/2021 16:40

lol - but now the harder bit - 70p to £1.00


32 days to shops open.... (or about 24 trading days).

This is what they said:

"financial period ending on 2 October 2022"

So a year is normally 12 months.
So back in profit (earliest) starts 3 October 2021 which is actually
only 6 months away.

That is actually way better than I thought!

I was thinking 9 months. So 50% better than expected.

Thanks.

[glavey] 10/3/2021 16:40

"Plain speaking in results:
BACK TO PROFIT IN NINE MONTHS."

The only problem is that the company doesn't actually say that, Net, as you well know. That is just how you are trying to spin it.

What they actually said is:
"We do not expect profits will return to pre COVID-19 levels for the foreseeable future. Lockdown in November and January to mid-April so far in this financial year makes a return to profit extremely unlikely until the financial period ending on 2 October 2022 at the earliest."

Now if I'm not wrong, we are presently in March of 2021 and October of 2022 is NINETEEN MONTHS away "at the earliest".

[cleverinvester] 10/3/2021 16:36

Not a bad day at the office. Almost 10 percent since yesterday

[antonagis] 10/3/2021 16:11

Got to say I'm happy with this thus far. Early days. Mid April will show whether we've made a very sound investment here. IMO we have.

[cleverinvester] 10/3/2021 15:06

Yea nicely done. 8.6 percent

[value king] 10/3/2021 14:39

Well I think I timed my opening buy beautifully here yesterday - I have every confidence of rapid new highs from here.

[antonagis] 10/3/2021 13:03

I think some of us are forgetting one critical factor here. There are far more people in the UK that cannot afford anything other than budget items including clothing and shoes. Once SHOE ZONE re open you'll see what I mean.

[cleverinvester] 10/3/2021 12:14

People paying 70p now. Thanks Goon for highlighting. Free advertising

[cleverinvester] 10/3/2021 12:11

Absolutely retail opening. Not sure I would be so confident with Goons other investments...

[netcurtains] 10/3/2021 12:10

lol. Poor guy.
Still there is still time.

Its quite reasonable to see shoeZone trading at £2 within 18 months.

Retail is hot.

[cleverinvester] 10/3/2021 11:56

Net curtains: Goon is jealous. He's the guy that they recommended don't invest. He's sells before the spike. Really embarrassed himself over on SAGA LSE by announced he sold up.

[fjgooner] 10/3/2021 11:48

What do you mean "we can expect" - that's historic data.

This year's Earnings per share are NEGATIVE 23.8p. Ouch.

[netcurtains] 10/3/2021 11:12

Excuse me mr Gooner - those figures look quite good. Are you saying normal year (2019) we can expect +11.4p earnings per share and cash balances of GBP11.4m

Sounds good.

ShoeZone say back in profit in 9 months so Normal profit years not that far away (although profit will not be used for dividends for a while - but then no one here is really a dividend investor).

[fjgooner] 10/3/2021 11:05

Earnings per share -23.8p down from 2019: +11.4p. Oh dear, oh dear. Terrible state.

Net cash of GBP6.3m down from 2019: GBP11.4m.

Cleverinvester - is a cash call coming like your always say? Aha, ha, ha.

[netcurtains] 10/3/2021 10:56

To be fair millions of people do need shoes.
And millions of those millions dont want to pay too much.

Step in shoeZone.

The answer to the question: I want some inexpensive shoes for my children.

[cleverinvester] 10/3/2021 10:46

Thanks Goon. You left SAGA it spiked and now you post here and it spikes.

[fjgooner] 10/3/2021 10:44

Dead cat bounce.

On the way back below 50p as the rampers on here well know. Their hoping to get out before cotton on.

Cleverinvester says virus variants a big concern. That would send em way below 50p.

If Cleverinvester is right, you will loose your money.

[cleverinvester] 10/3/2021 10:42

Nice 6.2% Goon is a lucky charm