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That 14599@06844 is mine! Ha ha
Ah ok, probably return to school crowd, but i think this is very well placed given the reopening.
Just checking via a web traffic platform
shows a +7 % spike visits to show zone website hopefully it will continue right up to Xmas
GL
Hi
How do we know there is a surge in orders? Sorry if I am missing something obvious.
Thanks
Surge in orders over the bank holiday weekend,
let’s see if the trend continues over the coming weeks .
GLA
Think that the new store formats are going to improve margins going forward.
Everyone loves new shoes.
Very fair points sj! I wouldn't mind SHOE taking baby steps towards 100p but it seems one step forward and two backwards at time. Your argument is endorsed by the mini SP revival we are seeing now so hopefully ???? you will be proved right. Getting SHOE right demands a polished performance by investors but anyone swooping at these levels is certainly not out of the step with value investing. I am on the sidelines still but I guess I better shake a leg before the SHOE sp runs away with itself. Watching brief.
Hi Fallingknife, I've just topped up here this morning on the weakness. To be fair to management they haven't annouced anything since May and we probably wont hear much till October. Savvy majority ownership pair here, with a pretty downbeat RNS in May and then filling their boots with shares at 80p, if they are confident at that price I am pretty happy buying at 67p.
I suspect it is on the front foot with school shoes/ return to workplace/ hospitality staff etc - they just havent told anyone yet, so let the price drift in my view whilst all the savvy (hopefully) ones keep buying. It was trading well north of £1.50 pre-covid and I see no reason why £1 is not a realistic target - GL/ DYOR
So the SP has dropped a few sizes clearly and those who said £1 per share have been firmly put back in their box.. Not a good time for the SP to be a bit leg weary when it should be on the front foot coming in the period where school shoes will be bought. I had high hopes that the pair recently joined would be as tough as old boots on the SP but so far they haven't shown themselves fit to lace the boots of those gone before. It is too early to tell them jog on but if this SP weakness continues I can see some investors putting their feet down here.
Thank you for the news, very interesting! ...which better hint that stores are possibly performing better than expected?
A very good sign as well as the news that retail sales overall are booming here in the UK
https://www.southwalesargus.co.uk/news/19527453.shoe-zone-newport-closing-u-turn/
Founder back in office to cut costs at best time possible to achieve meaningful savings - they have a well justified reason to do so and would probably be able to cut costs and renegotiate rents in a way that would not be feasible in normal times. Combine pent-up demand for clothes on a shrunk cost base and SHOE could be able to earn its entire market capitalization during the next 4 to 5 years. And resume dividend (if management do not take it private before then...). Price makes no sense here - the only reason for this price is illiquidity IMO.
From the M&S trading update: Clothing & Home has seen a good recovery in its performance. Revenue is up 92.2% on last year and down just -2.6% on 2019/20
Hopefully some read across in to Shoe.
78p but still too cheap, people will come out and spend money so strong Q3 and Q4 beckons. 100p+ coming hopefully, especially if we see Director buys.
Which even if it isn't as step-change is a large leap forward for SHOE. The new directors seem to have found their feet already. The SP has gone on a bit of a run tbf though the challenging environment has put the company through its paces. Can it hold above 70p which would be the next leg of an upward journey? Tbh I haven't a Jimmy Choo myself but at least currently SHOE appears to be up and running.
Sorry forgot to add the link https://www.shoezone.com/Blog/best-family-staycations-in-the-uk
Aye - ties in with their new updated blog post a couple of days ago about staycations and hiking boots for city and countryside walking
https://www.retailtimes.co.uk/shoe-zone-boosts-branded-offering-with-the-introduction-of-trespass/
Shoe Zone is my biggest stock inmy portfolio. It will be fine. Online sales I have been told are thru the roof..
or bad timing on the part of the directors :) in from 43p so let the recovery and the dividends recommence.
The directors were buying at 80p only in May which provides very strong credibility that we are significantly undervalued at these prices.
Morning Sterraman et al. Since ZEUS took over as SOLE broker and nominated adviser SHOE has taken a step backwards it seems. September and the return of schooldays might give Shoe ?? some legs. There was talk on here of 100p on here and though it hit 80p on the ask it about 33% lower than the TP. Might be worth dipping a toe in at these levels in case the SP runs away with itsel in September. I am sure foot fetishists will want to keep their hand in here but tempting though it is there might be better p-laces elsewhere for investors like me who are footloose about an investment here.
P.S. What is Fallingknife's opinion on all this?
I would never knock the wearing quality of SHOE's products. Three years ago it was my day off, I was out in the country away from home, and of course I was wearing brown shoes. I was called into work, an emergency, get there ASAP. Emergency or no, it wouldn't have done to have gone into work wearing brown shoes ("no brown in town and in the country, not after six."), the most convenient footware establishment was a Shoezone with ample parking, so in I went. I thought I would just use those black shoes for a day and then put them into the reserves, but they are comfortable and non-sweaty and I have worn them to work ever since, and they have hardly shown any wear. In the nearby city there are large families where the shoes just get passed down when they are grown out of, so they only need a pair every six months. And some adult males there, if they see signs of wear coming, just extend their stride to put off replacement day.