Shoe Zone Share Discussion Threads

[homeboy] 30/11/2021 11:25

a lot of these stores are empty, zero customers, a few i've passed have a tramp sleeping or begging in the doorway, are they guarding the smelly shoes perhaps

[1realist] 30/11/2021 11:21

Yet another new store opening up.That's 3 new stores announced in just over a week.You're right, business must be doing terribly...https://www.dailyecho.co.uk/news/19751013.shoe-zone-open-bar-street-southampton-city-centre/

[homeboy] 30/11/2021 10:01

HAMMERING DOWN,,,again,, lol

[1realist] 30/11/2021 10:00

Lol.In May 2019, SHOE announced 6-month results of £73m revenue, £1m profit and £3m net cash. Share price at that time was in the 190-220p range.They have just announced 6-month results of £80m revenue, £12m profit and £15m net cash.The company is in a much better position now than it was in May 2019, yet the current share price is less than half what it was then.Big rise coming.

[bountyhunter] 30/11/2021 08:46

yawn, that short must be hurting

[1realist] 30/11/2021 07:38

If someone repeatedly posts on a bulletin board that a stock is "hammering down" without any justification or reasoning, then they should expect a counter argument.

[glavey] 30/11/2021 07:28

Not promoting of course, like.

[1realist] 30/11/2021 07:13

What's even more impressive is that because stores were forced closed in lockdown last winter for 16 weeks, H1 results showed revenues of only £40m and a loss of £2.5m.So to make full year figures of £120m revenue and £10m profit, for the second half of this year, SHOE must have had revenues of £80m and profit of £12m. No wonder they are saying dividend payments are set to return.I think the wider market hasn't caught on to the story here yet and realised how incredibly undervalued SHOE is at a £50m market cap, but when it does, the rise could be very strong, especially with such a high proportion of shares being held by the board.

[1realist] 29/11/2021 17:40

Lol. If it was a tech stock it'd have a valuation 20x revenue, not 20x profit.20x profit is standard valuation for this sector and shows how undervalued SHOE is at current levels.If you want to compare to a tech stock, DEV released their latest update today (Ed tech):DEV:Revenue £7.4mLoss of ~£2mNet cash £7.5mMarket cap £200mSHOE:Revenue £120mProfit £10mNet cash £15mMarket cap £50mSHOE is massively undervalued at current levels. Market cap could easily be £200m and it still be way undervalued compared to tech stocks.Profits and net cash are growing fast and they're opening up several new stores, further emphasising the rising trajectory this is on.

[bountyhunter] 29/11/2021 17:38

keep dreaming you are sounding really desperate now, must be down shedloads on that short from a few months ago

[1realist] 29/11/2021 12:48

https://www.nottinghampost.com/news/nottingham-news/pictures-revealed-new-footwear-store-6233403https://www.retailsector.co.uk/623583-shoe-zone-set-to-open-big-box-store-in-barnstaple/

[1realist] 29/11/2021 12:45

Business is expanding as profits rise. New shops opening up all the time (2 in the last week alone). Share price will be many multiples of current level within the next 12-18 months. Industry average P/E of 20 would put SHOE up to a £200m market cap (400p share price). This goes up strongly from here IMO.

[tomtum1] 29/11/2021 12:34

Did Shoe sack you or something. This will be 2 quid next year for sure.

[homeboy] 26/11/2021 09:02

HAMMERING DOWN, told ya so, you lot should pay attention to my wisdom, they'll be closing shops wholesale not that anyone is ever in them, ghastly cheap smelly shoes,lol

[edmundshaw] 25/11/2021 09:15

Price seems to be relatively stable recently...

Homeboy is no longer amusing. So filtered...

[xasy] 25/11/2021 09:05

what ed says in the next post

[homeboy] 25/11/2021 09:02

hammering down again, folks are saying NO to smelly plastic shoes, lol

[bountyhunter] 22/11/2021 14:41

hammering up again, people must be replacing their old smelly old shoes as we move out of the pandemic, except for the one who has clearly had their chart upside down lol!

[joshuam] 22/11/2021 14:28

Bought a few more of these this morning as I didn’t think the story had changed got lucky I suppose

[homeboy] 22/11/2021 10:38

hammering down again, people must be sending their smelly plastic shoes back, lol