Shoe Zone Share Discussion Threads

[mongrels3] 16/8/2021 11:14

hxxps://www.retailgazette.co.uk/blog/2021/08/retail-sales-boost-expected-in-upcoming-back-to-school-season-study-suggests/

[bountyhunter] 12/8/2021 07:08

Very strong 4.8% GDP growth April to June reported this morning including retail.

[bountyhunter] 11/8/2021 13:47

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 this year? I don't think so. Imho.



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

[simmsc] 06/8/2021 15:04

Thanks bounty. And agree with nw, update should be good. yesterday i took a look at their website platform, and it's good! Pricing is obviously good (that's their strategy), but the site is very user friendly and easy to navigate and the pages were loading fast on my mobile. And as an online retailer myself I'm going to be hard to please on that front. I was impressed (might even nick a few ideas off term lol). Just for clarity, i don't compete with them on product.

[nw99] 06/8/2021 11:00

Should be a good update

[bountyhunter] 05/8/2021 21:37

I agree.
Last year there was a full year trading update to 5 Oct later in October so possibly at any time after 5 October. They don't appear to have published a date.

[simmsc] 05/8/2021 21:32

I just had another look at Shoe's figures to refresh my mind and it's at completely at the wrong price. Ok, it's made a small losses in the last 18 months (many others have too), but cash is good, net debt is good, free cashflow is plentiful, positive working capital. This will pick up and rerate at some point (it may be starting now). I was looking at the financial calendar on the Shoezone website and can't quite work out when we will get the next set of figures (interim or full).

[thecroots] 05/8/2021 21:15

Yes, a flurry of buys.

Did look online and Shoezone launched selling TRESPASS shoes today.

As its fell over the last 2-3 weeks on low volume, it stands to reason that it will rise quickly on short volume.

More higher value shoes which will help sales greatly.

[bountyhunter] 05/8/2021 19:10

Maybe already going that way with the start of a bounce back today. Buying really picked up in the last hour of trading.
Good news on the cards?

[napoleon 14th] 01/8/2021 16:43

Gone phut now!
When is next news?

hxxps://www.marketscreener.com/quote/stock/SHOE-ZONE-PLC-16546283/financials/

[simmsc] 01/8/2021 15:35

Does look a bit like that. It's the increased risk we take when we get involved in family run businesses. Still upside though. Their hand will be forced to act at some stage (before further good numbers need to be released).

[bountyhunter] 30/7/2021 22:17

Further manipulation today on typically low volume. No surprise there with the CEO and Chairman owning the majority of the company. Low enough soon for a management buyout before any good news leaks out? We all know that physical retail has been strongly up recently with all that post lockdown pent up demand.

[thecroots] 28/7/2021 18:46

Yeah, i think the Market makers have been walking it down ready for a good run up. Theres been very few sells over the last couple of weeks so nothing to worry about on that front.

[bountyhunter] 28/7/2021 17:06

More than twice as many buys as sells today in light trading, although there is a pretty small free float with the shares so tightly held.

[bountyhunter] 22/7/2021 17:20

Well done zangdook, no waiver required then as already declared in the admission document. Glad we have this finally sorted this out following your post. It is still my opinion that Zeus may well have been recently brought on board (since the Smiths upped their holding on 21 May to 54%) for their management buyout experience as previously posted. Even if that doesn't happen I don't think that the Smith's would have shelled out for another 1.6m shares @80p just a couple of months ago if they didn't have confidence in the future of this company given their privileged positions as CEO and Chairman.

[zangdook] 22/7/2021 16:24

...which makes sense, istm. If you make a mandatory offer, you can make it conditional on receiving enough acceptances that you end up with at least 50%. Say you do that, and end up with 50%. It would be unreasonable to be obliged to to make another offer every time you bought more shares, having already made an offer and been rejected by the remaining holders.

[zangdook] 22/7/2021 16:05

From the AIM Admission Document:

15.1 Mandatory bid
The Takeover Code applies to the Company. Under the Takeover Code, if an acquisition of Ordinary Shares were to increase the aggregate holding of the acquirer and its concert parties to shares carrying 30 per cent. or more of the voting rights in the Company, the acquirer (and depending on the circumstances, its concert parties) would be required, except with the consent of the Panel, to make a cash offer for the outstanding shares in the Company at a price not less than the highest price paid for any interests in the Ordinary Shares by the acquirer or its concert parties during the previous 12 months. This requirement would also be triggered by an acquisition of shares by a person holding (together with its concert parties) shares carrying between 30 and 50 per cent. of the voting rights in the Company if the effect of such acquisition were to increase that person’s percentage of the total voting rights in the Company.
Prospective investors should be aware that, following Admission, the Selling Shareholder will hold more than 50 per cent. of the Company’s voting share capital and, accordingly, may be able to increase its aggregate shareholding without incurring any obligation to make a mandatory cash offer for the Company.

[zangdook] 22/7/2021 16:05

So it seems if you have over 50% you don't need a waiver; you're exempt from the requirement to make an offer.

[chinahere] 22/7/2021 14:14

Is it just a coincidence that Anthony Smith's interest in the Company has been kept so close to, but under the 30% level (29.85%)?

I don't know but I would have thought the brothers and company Directors have been working under the assumption that they aren't 'in concert'.

But as Bountyhunter says, where's the exemption for this coming from?

[bountyhunter] 22/7/2021 12:58

You said the Smith's holdings were not recently acquired but they increased their holding to ~54% by purchasing 1.6m shares @80p on the 21 May which was quite significant in my books.

"Anthony Smith, Chief Executive , and Charles Smith, Chairman, have purchased, in aggregate, 1,610,876 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 80 pence per share.

Sheepy Magna Investments Limited, an investment vehicle in which Charles Smith has a 50% interest has acquired 720,156 Ordinary Shares, and Slawston Investments Limited, an investment vehicle in which Anthony Smith has a 50% interest has acquired 900,720 Ordinary Shares."


Try posting without swearing which doesn't add to your credibility.

[eezymunny] 22/7/2021 08:28

Oh FFS.

What % did they hold before those purchases?

Durrrrrrr.............

[bountyhunter] 22/7/2021 07:21

Derampers out in force, buyout bid imminent?

[homeboy] 22/7/2021 07:18

no, the stench of cheap plastic shoes never goes, almost as bad a smell as ramping

[bountyhunter] 22/7/2021 07:14

>> Their holdings are not recently acquired...

Really?

This was not that long ago...

On 21 May:

Anthony Smith, Chief Executive , and Charles Smith, Chairman, have purchased, in aggregate, 1,610,876 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 80 pence per share taking there combined holding to ~54%