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Woooow another bunch of great news ..... Onwards and upwards.
Why the large drop today?
14p in a day :(
I do agree. The results are not bad at all. It is a small and very clever managed company. We will see again 250p in next three or four months. Today is unusual overtraded and goes to oversold zone. Also we have a divident confirmed which gives confidence that the things are going in the right direction IMHO.
Personally think this is a big over-reaction today. H2 is always much better than H1 for SHOE and parents are going to continue to need to buy kids new school shoes in August. I did feel a few months ago 250p was close to fair value, I don't think much as changed. I believe many PI's might have had trailing stop-losses triggered and others will have taken profits to get into more exciting prospects. I would expect this to reverse to 220p over the next few months and for now the share buybacks will be back at sub 200p
Please could anyone explain why Shoezone would cancel shares and if it is a good or bad thing?
Many thanks
You are right.
Makes me feel better regarding the further large drop.
Not sure I can explain large sales other than the current market turmoil and it having gone ex-dividend.
What I find more puzzling is the fact that Zeus are in charge of buybacks and these seem to have stopped. Zeus are supposed to be free from influence and I don't think there were any price limits this time.
Isn't ex divvie date today? Thought all UK equities ex-divvied on a Thursday?
Presumably because it is the day before it goes ex-dividend
Some very large selling today. The somebody knows something that we do not know.
Hi Amica
I was fortunate enough to have an average here of around 55p after loading up loads when it was 39p in November 2020. Unfortunately i sold the lot at ave of 195p - and i had a tonne of them!!
I have also done well on JET2 (Dart before it changed) so its funny you should mention that too.
The other two i am heavily involved with is PIER and CPC. Pier has a current P/e of 2!. Profit of £10m and market cap of £20. It's just in an unloved sector right now so happy to tuck this one away like i done with SHOE. CPC going great guns and similar to SHOE with their share buyback.
Yes capita (cpi) imho should be a slow steady rise from here on in .
But I do love my shoe !
They are spending more money on staff welfare
( keeping staff happy and staff retention high )
Trade is brisk …another good year coming
Wish I had loaded up on these a couple of years ago! Bought recently and happy enough.
Anyone got another winner?
I've taken a punt on HVO and all I can see is upside to them, niche market and they are getting a lot of contracts, no debt, expanding etc. Money Week likes them!
Jet2 seems to be flying...
It’s going to be one of those days £1.60 and away !
I agree RetiredBanker, from my calculations based on an SP of £2.30 which is roughly where this is sitting atm there's a 3.9 P/B & 9.5 P/E.
I do think Shoe Zone will enjoy some more mild growth and probably be a good dividend play if that's what floats your boat.
It's a shame as I would have loved to buy in just hadn't looked at the company until last week. Well done to all with some great returns!
Cancel that sell order !
This stock just keeps giving
Think we're starting to approach fair value here now. Just wish they had accelerated their share buyback scheme when we were still trading at 170-200p. Right now I'd rather they kept cash for another special dividend.
90%?
It's over 600% of what it was in 2020!
Shoe Zone shares are up 90% over the past year to 219p. The budget-friendly penny share saw significant growth by dint of its value offering during the pandemic. To date, it’s sold nearly 17 million pairs of shoes at an average of just £12 per pair.
https://twitter.com/Share_Talk/status/1614550727287767040?s=20
My target of £2.50 not far off now !
Damn
I sold 8k worth just before Xmas. Still holding about 2k worth
Incredible SP rise today
Yea, the business has recovered very nicely from the lows of COVID. I guess the big question is can it grow, or will we return to the fairly stable ( earnings wise ) business we were pre-COVID, all be it at a higher level than the roughly 16 eps than we were ?
I think there's more growth to come, but wouldn't be averse to taking some profits if the sp breeched 250p in 2023.
BB
Woow brilliant results. The only direction is up.
This has been one of my best shares from 2020 good yield with the extra dividend this year .
Just waiting for premier foods to catch up to this level in the next 2 years
Just checked …
It’s been paid into my account
Now where to reinvest