Shoe Zone Share Discussion Threads

[jw330] 11/1/2022 07:42

could be top performer today. gla

[bountyhunter] 11/1/2022 07:40

Even the pension schemes have improved with a surplus in the ShoeZone scheme due to higher bond yields.

[18bt] 11/1/2022 07:39

Looks a very strong recovery and ahead of what mkt expectations there are. The fundamentals of the business look good - short leases and flexible trading formats.

[zangdook] 11/1/2022 07:34

Well, we'll see in time. I doubt they would state an intention to restart dividends this year if they thought there would be a problem once rates kick in. It's not so long since they said no dividends until when, 2025?

[simmsc] 11/1/2022 07:31

Great update on trading side, p&l side and cash\debt side. What a nice turnaround. Great investment. Strong hold.

[bountyhunter] 11/1/2022 07:31

Well we know they cleared all of the 4.4m debt during the last 10 wks and they feel confident enough to reinstate the dividend for the current period.
We also know there have been no store closures due to lockdowns.

A 58% increase in digital revenue is another plus.

[eezymunny] 11/1/2022 07:29

It's a tricky one. It's impossible to tell much as not enough detail, but I suspect the stores are around break-even once business rates return. On-line great if that stays strong post Covid?

No trading statement 10 weeks(?!) into the new financial year. Ridiculous IMO.

[bountyhunter] 11/1/2022 07:28

EPS 14p/sh (vs a 23.8p loss previously) with stores only open 36wks of 52 to 2 October, debt cleared and dividend to be reinstated during the current trading period.

[zangdook] 11/1/2022 07:27

Now that's what I call music to my ears.


"Post Period end, as at 10 January 2022:

-- GBP4.4m outstanding CLBILS loan now fully paid off
-- Company is debt free
-- Eligible to reinstate modest dividend payments, with an intention to return to the dividend list during the current period"

[bountyhunter] 11/1/2022 07:26

Results look very good to me especially considering stores were only open for 36 wks in the period to 2 October since when a loan of 4.4m has been completely cleared leaving the company debt free:

At the Period end we had an outstanding CLBILS loan balance of GBP4.4m, and under the terms of the agreement the business was restricted from making any dividend payments whilst there was a balance outstanding. Post Period end, we have fully paid off the outstanding balance of the CLBILS loan and the Company is therefore now eligible to recommence dividend payments in the new financial period.

[bountyhunter] 10/1/2022 22:22

We know things were looking up but that is to be confirmed. Have some patience, it's only a few hours to wait!

[thecroots] 10/1/2022 22:19

You don't upgrade profits two weeks after giving guidance without knowing! No FD would do that. Upgrade two weeks after and then miss expectations.....Not a chance!

[bountyhunter] 10/1/2022 22:16

Nothing is a given right now as expectations are not at this stage confirmed. Wait until tomorrow then we can discuss. If expectations are met that will be a good start with the share price still at a low level vs pre pandemic.

[thecroots] 10/1/2022 22:12

We all know the results will be good - they've already said. Its the outlook that is key. It would also be good if they could confirm how they are progressing with the big box conversions. Thats where the cream is.

[bountyhunter] 10/1/2022 22:02

If the results are good you shouldn't have any trouble tomorrow. Not long to go now.

[chinahere] 10/1/2022 21:39

I tried to sell a few today at 130p and there were no buyers. It is illiquid this one.

[bountyhunter] 10/1/2022 21:09

My guess is that aside from the small free float which accentuates volatility there has been some profit taking late afternoon ahead of results to crystallise profits.

[bountyhunter] 10/1/2022 20:10

11th January 2022
2020/2021 Full Year Results Announcement

11th/12th January 2022
2020/2021 Full Year Shareholder Meetings

8th March 2022
AGM

[eezymunny] 10/1/2022 18:32

Anyone done some DYOR and come up with a number for 2022 business rates (which were zero in 2021)?

[theisland] 10/1/2022 18:02

Yes and Shoe Zone seems to be a fundamentally better company compared to pre pandemic, with a leaner cost base and an omni-channel value proposition that was missing before. Despite all the improvements and the founder back to run the business, which is a big plus, it trades at a ludicrous multiple on earnings. My bet is this is due mainly to its illiquidity, which must be a big hurdle for most. Today's fall in share price with little evidence of any issue must have something to do with illiquidity as well... The liquidity should improve if the stock rerates going forward. I see no reason why SHOE should not be trading at around 200p, or pre pandemic levels, at least. All IMO of course...

[bountyhunter] 10/1/2022 17:32

Yes and especially in light of the November trading update.

[chinahere] 10/1/2022 17:28

These are the sort of jumps that put me off using any margin spread-betting.

[simmsc] 10/1/2022 17:14

It's idiots worried about interest rates rising from nothing to still nothing