Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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The fear here must be a return to full lockdown in much of England, which is likely where things are going given the rapid spread of the new variant coronavirus.
HappyNew Year Majorboy. SHOE has come to a bit of a standstill but might just be catching it breath after a strong run. I took a look back at previous years to jog my memory but it seems the preliminary results are due in a week or so. An upbeat statement is certainly not a shoo-in but needs to be decent to justify a step from 37p to 65p in just a few months..
The market irrational exhuberance surely can't last. What will be next to spook the market or will it be different this time?
stocks bounding ahead on no news but just wider market sentiment. SHOE was 49p a short time and now is 67p on the ask so up almost a third.
Probably fuel more slipper sales, although I do not think that will help too much.
Grim times me thinks,, :-(
Good luck all
Yes Boraki could well be. But imo anyway much of the rise was spurred by a rise in slipper sales due to people spending more time at home. Could an extended lockdown fuel more sales?
Afternoon Falling.
I think the drop is due to fear of more lockdowns, which will probably come along shortly.
he ho happy days
Good morning Boraki. Well something has caused the foot to be taken off the pedal of the rise. Not sure about sub 45p happening but on the other hand....
Evening Falling.
You might get your 45p this week.
Time will tell.
Have a good one
B.
Morning Boraki. SP for SHOE is taking a bit of a leathering along with the general market. I might take an interest myself at sub 45p......
Ho Ho Ho, very funny.
Seriously though. I suspect this will be a bloodbath day, given all the news on tier 4 and freight supplies.
Difficult time for shares. :-(
if the extended lockdown will send slipper sales soaring again? The current price of 53.5p would be bargain basement then. I was going to wait until March so the SP has a spring in its step.
I must confess I have recently purchased a new pair of shoes from a drug dealer. I am not sure what he laces them with but I have been tripping all the time. He said he was going to put all the money he makes into SHOE so I honestly expect the SP to reach an all-time high.
Each SHOE shop works out to be around 110,000 shares - or about £60k at current prices.
That isn't cheap, but those same shares were earning around £20k per year not so long ago!
I reckon this is a great pension-type investment if you believe in the company long-term.
DYOR
Agreed. This is a long term hold. Lets be frank, SHOE run an extremely tight ship so if these can't weather the storm no-one can. I'm holding firm.
Into the 40ps and I am buying some more. I'm not going to be side-stepped by this market.
Afternoon Pensionbuilding. Nice to see a positive stance here even though the SP has been a little unsteady on its feet since the update. Now it is in the low 50s it may well tread water for a while and those flippers who bought and sold will not want to around while SHOe is just treading water.
Shoe Zone has ended an incredibly challenging year with a robust plan and sufficient funding in place to ensure the future survival of the business. The exceptional growth in digital sales since the start of the COVID-19 pandemic demonstrates the flexibility of our operating model, and follows the decision to create an autonomous Digital department in 2019.
Last operational RNS..... Encouraging and says it all!
The companies goods are mainly imported from China [95%] so any port delays will cause problem especially if they effect seasonal availability - summer sandals do no good in winter, do they?
Not only that, Brexit is likely to squeeze disposable income, especially in the lower-end target market which will be disproportionately effected by food inflation and un / under employment.
slipping a bit now, spread now closer, have topped up a bit.
Theres a blood bath out there on ftse stocks. This is the only share showing green on google.
One of the many reasons I like this company is the large share ownership by the BOD.
I have been trying to find other companies with similarly large BOD shareholdings, but I can't find any website that shows these. Does anyone know a site that I could get this information from please?
What would be ideal would be a list of companies sortable by their BOD share-holdings percentage. But anything close to this would be great!
Well the Rieker brand which I thought was from the EU isn't mostly:
https://www.rieker.co.uk/about-us-i1
Shoezone's price point must mean that most of their shoes come from cheaper production areas.
A rerate will come soon.. in my opinion
Where do the shoes that SHOE sell come from?
I assume that most of them come from the Far East, and they are imported directly into the UK, so a no deal Brexit won't be a problem. But does anybody know for sure?
Yes adbon. Excellent conditions for a good run as you point out. Strangely it is on the backfoot today. I would have been hoppng mad I bought in yesterday only to see it brought back down to size today. I did say before the market seems to think an SP of mid 50s is more fitting but this jumps about so much you would get worn out.