Shoe Zone Share Discussion Threads

[bountyhunter] 14/7/2021 18:52

As they have already paid up to 80p in the last 12 months they would I believe have to pay at least that for the remainder in a buyout in which case the current price makes no difference.

[leicesterboy] 14/7/2021 13:56

In reality if the share price keeps rising it makes it more difficult for the smith family to take it back into private ownership. When is the next trading update

[bountyhunter] 14/7/2021 12:23

Buys catching up sells and the price remains down by 3.5p!

[bountyhunter] 14/7/2021 12:18

Yes exactly, and the current 54% is way off 75%

[chinahere] 14/7/2021 12:07

As far as I understand the Takeover Code a bare minimum is the highest they paid for shares in the 12 months beforehand. So 81p.

I also believe that the offer would have to get to 75% of shareholders accepting it for it to go ahead. So 21% more than their holdings.

Don't quote me though - that Takeover Code is one long document!

[bountyhunter] 14/7/2021 10:56

It's not about what the Smith's would accept it's about what other holders would be willing to sell out for.

e.g.

12 June 2020:

Zeus Capital advises on £22.6m Moss Bros take private

"This deal is the fifth that Zeus Capital has completed since the UK lockdown commenced, and also represents the fourth completed takeover code transaction that Zeus Capital has advised on in the last 12 months."



At a 61% premium.

[garth] 14/7/2021 08:46

Independent Directors & NOMAD I guess...

G.

[pottsypotts] 14/7/2021 08:45

So how would this work if the Smiths own a majority share and decide to take the company private, in a normal takeover usually a premium is payed but if they have the majority share can they accept a fair market price

[glavey] 14/7/2021 06:39

Oh dear, that's unfortunate. Perhaps worth considering moving to a another part of the country?

[bountyhunter] 13/7/2021 12:43

I've noticed ShoeZone shops have been very busy lately with budget strapped consumers not wanting to pay over the odds to replace their shoes as we emerge from the pandemic. The same has been true of Primark. ShoeZone has the added benefit of an online presence where profits have been growing rapidly and consumers can easily return purchases when necessary to their nearest high street store.
No wonder the Smiths have upped their stake to 54% recently and they are in the best position to see which way this business is going, which to me is pretty obvious given the recent appointment of Zeus who have taken several companies private.

[zangdook] 13/7/2021 09:15

That's ok, there's no shortage of chavs.

[bountyhunter] 13/7/2021 08:57

12 June 2020:

Zeus Capital advises on £22.6m Moss Bros take private

"This deal is the fifth that Zeus Capital has completed since the UK lockdown commenced, and also represents the fourth completed takeover code transaction that Zeus Capital has advised on in the last 12 months."



At a 61% premium!



A pure coincidence that SHOE switched to Zeus as sole adviser on 1 June? I don't think so. Imho.

[bountyhunter] 13/7/2021 08:56

Zeus Capital have already taken 5 companies private in the last 12 months and it seems likely they were recently taken on to do the same again here given that the Smith's have increased their shareholding to ~54%

[mongrels3] 13/7/2021 07:47

From BBC: Springtime bounceback lifts High Streets to record growth

[bountyhunter] 04/7/2021 12:47

"Primark fashions new sales records as shoppers flood back to its stores after lockdown"



They won't just be setting new records for buying cheap clothes imv.

No point in wearing new clothes with old shoes!

[thecroots] 02/7/2021 15:48

Looks like different tactics today by the market. Yesterday for much of the day i couldnt buy 1000 shares online, but could sell 100,000 no problem at well over Bid price.

Regular 5k sell trades were going thru at 79.75 despite the bid price being 77p

Looks like a tree shake to get some sellers.

[mongrels3] 01/7/2021 09:39

hxxps://www.thetimes.co.uk/article/record-sales-at-primark-after-vaccines-reduce-shoppers-fear-factor-7h6l7hqnw

[thecroots] 30/6/2021 17:38

Am i missing something here?

I'm guessing the figure of 68 means big box stores? They seem to be opening up a few hybrid stores also. I thought they said they were holding back on big box expansion?

Great news I guess....

[bountyhunter] 29/6/2021 14:13

Yes I agree, not an obvious comparator, but food and shoes are both essentials as well as increased 'footfall' meaning more shoe purchases!

[mongrels3] 28/6/2021 08:29

Good to see Greggs upgrading this morning. Different sector of course, but maybe some read across as both are at the value end of the market.

'This level of sustained sales recovery is stronger than we had anticipated and, if it were to continue, would have a materially positive impact on the expected financial result for the year'

[bountyhunter] 22/6/2021 10:49

Lol, good try! Incidentally their online business has been doing very well where they sell a wide variety of shoe types with the added benefit of customers being able to take returns free of charge to a local store.

At least we agree on that this is likely to go private with the Smith's recently increasing their holding to 54% of the shares and Zeus having since been recruited having a track record of taking companies private.

[bountyhunter] 22/6/2021 10:33

Shoezone need to update their own major shareholders table as the Smith's now hold 53.72% between them not 50.48%!





Not many privately held! I might buy some more if I can get them at the current price!