Shoe Zone Share Discussion Threads

[amencorner] 09/6/2015 13:21

Sold out today ahead of the results in the morning. Just did not like the price drift downwards over the last few days: profits at marginally below the lower end of expectations? Decided it was time to take the hit and move on.

[masurenguy] 03/6/2015 17:21

Interesting to note that the largest external shareholder - Miton Asset Management - have reduced their shareholding by 21%, from 16.25% to 12.88%, in the 12 month period since last years IPO.

[salpara111] 03/6/2015 16:56

personally I am waiting for the update.
I would rather forego an initial rise than risk another big drop.

[its the oxman] 03/6/2015 14:09

Yes high risk. Poor results and this will be down 10, 20, 30%. Best to wait and catch any relief.

[ed 123] 03/6/2015 11:24

Hi Steve

As you say, it's very illiquid, and volatility/noise can be magnified.

And yes, a moment of truth awaits. Was it a brief issue about the length of the boots (trading update will shed light) or was the boot issue a symptom of something which is continuing?

Of course I'm hoping the interims read well for holders. Has potential to be a good dividend paying stock, perhaps one to buy and hold (if no more problems)?

Disclosure: I'm neither long nor short here. No advice intended.

[stevemarkus] 03/6/2015 09:28

I think the interims are due a week today, so probably some nervous holders selling prior to that. Bear in mind this is very illiquid so moves on small volume.

Cheers,
Steve.

[ed 123] 02/6/2015 15:26

Hmmm ... That dead cat bounced again.

Anyone like to call the floor for this leg?

[aishah] 11/5/2015 13:40

SCSW says "looks oversold; buy"

[morph7] 07/5/2015 11:59

The sell off will look overdone if it is the only profit warning...Have brokers adjusted targets yet ?

[aishah] 07/5/2015 10:17

Shares mag: Sell-off at budget footwear retailer looks severely overdone

Shares Says:
A markdown to 174.5p leaves Shoe Zone trading on an undemanding 11 times forecast 2015 earnings of 15.8p. The shares offer a 5.4% yield and 20.3% upside towards the house broker’s 210p price target.

[aishah] 28/4/2015 21:30

Yes, risk reward good here now. Added at 157p today. Mercuriusresearch also have a positive outlook.

[deanroberthunt] 28/4/2015 19:17

As predicted by some here, the IPO price proved too tempting.....this is worth a punt on a recovery prior to the next update....

[reddave999] 28/4/2015 13:50

Agree nivensxx

[nivensxx] 28/4/2015 13:08

Really would steer clear until more disclosure is made by management team.

[deanroberthunt] 28/4/2015 11:18

won't be going anywhere until MITON GROUP stop dumping...which may be some time

[deanroberthunt] 28/4/2015 10:59

they seemed to be doing better when they were privately owned...

[imranawan] 28/4/2015 10:27

Agree with your comments Masurenguy, but risk reward is better now than it was a week ago, before the profit warning.

[masurenguy] 28/4/2015 10:16

I'm still watching from the sidelines here despite the dramatic 38% fall in the shareprice over the past week. People should bear in mind that sales were down by 10% in the year ending 4th October 2014 compared to the prior year when they were still privately owned. Therefore the profit warning indicates that sales are continuing to fall but it does not quantify by how much this is likely to be.

"Overall revenues and profit for H1 will be behind the prior year and full year results are expected to be below market expectations, with the dividend being adjusted accordingly. The Company's net cash position will remain strong."

Buying at the current price is still a real gamble although of course it may pay off for those who are prepared to speculate that we've now seen the bottom !

[imranawan] 28/4/2015 10:03

Agreed looks good value down here. Just have to hope there are no more bumps in the road.

[masurenguy] 28/4/2015 10:03

Yes, now below their IPO price just 11 months ago. Interesting to note however that the total volume of shares traded since the profit warning a week ago is 2.6m up to 9.55am this morning. That represents circa 5.25% of the total shares in issue and around 20% of this total was the 500,000 share disposal by the Miton Group last Friday. Clearly the bulk of the share sales have been by PI's rather than the insiders and institutional holders.

[aishah] 28/4/2015 09:57

Added. Numis fcst 2016 eps of 19.3 to drop p/e to around 8. Sounds like a good risk/reward here imo. dyor

[imranawan] 28/4/2015 09:36

From memory they IPO'd at 160, so in theory there should be some support at the current level.

[deanroberthunt] 28/4/2015 09:34

now buy for less than IPO price....£1.59

[reddave999] 28/4/2015 09:33

Don't know as management haven't really told us how bad things are.

[its the oxman] 28/4/2015 09:12

This share seems to have few friends. Where is the floor?