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The Smiths own just over half of this and there are 50 million shares all in. I think on the last update they said the company has £14 million net cash.
They could offer shareholders say a 50% premium at £1.20 per share and if accepted the 25 million non-family shares at £1.20 would cost them £30 million. There is already £14 million in cash in the company and it can't be too hard to raise a £16 million loan secured from the £5 million plus yearly revenue.
After three years the loan could be repaid and the family would once again own Shoezone with growing big box revenue and possibly £10m plus yearly earnings.
I think that is what I would do if I were in their position.
It’s a slip on at this price
I expect some investors have caught on the hop here. 80p seems resistance. Could be good value if it could do a tie-up. When things are more up-and-running then we could see the SP go hell-for-leather to 100p.
In any case current market cap of £39m is pitiful!! We need to be nearer £70m for a business that is well known and making £7m profit.
Yeah - makes sense. I am going to leave my funds in SZ and wait a year or two as I am no good in dipping in and out.
Been loading up on Inmode, RR, Amd, Wrks and Tullow Oil for ages and so happy with that and will see how that plays for next year. All the best Mary.
If only I had bought more and less or many others.
Been loading up on card again and will rebuy SHOE in the 60s if it retraces. SHOE may not optimise the sales wiht seasonal stock shortages stuck in transit possibly so expect a check back at some point.
Well done Mary - top job. Enjoy ! - Great Result.
Purple,
No, extremely happy here with SHOE, I set my targets and stick fairly well to them. I have 254% profit on this one from trading.
First traded it around 49p on 23rd NOV and now have a holding which was fully bought by my profit.
Win - win - win !
As well as digital sales it's worth noting that since FY Rev is 120m and H1 was only 40m then H2 Rev of 80m puts us back on track to match 2019 revenue next year and this wasn't even with fully unrestricted trading during H2 only during Q4. I'd love to see the full quarterly breakdown. Could easily see 180m revenue and 9m profit as a sustainable long term baseline, growing with inflation and providing a 10p annual dividend
Hey Mary. Maybe hold the trim until after a director buy.
Have a similar ramge too but to much of a spike for me not to trim a bit and reduce average cost of investment.
Great trading stock for me.
Rarely goes straight up.
A second price extension is welcomed too whilst I sit in the pub lol
I love a price monitoring extension ... Lol
Yup I have a range of £1.20 to £1.30 very soon and one divis are back it will fly back to £2 ... Profit which is a fifth of market cap tells you this is crazy cheap. Plan to keep these a while and live on dividends as well ... Well done on all LTH. Patience is always the key especially a company run by a solid family ...
One more thing...Mcap £32m....revenue £122m and profit c.£7m (25% of Mcap). This is just bonkers!!
Impressive I must say. Digital channel investment was a master stroke and dividend ahead of schedule is cherry on top! 100p coming IMO.
Great results from Next today - let's hope for a read across in to Shoe
I just set an alert. I dud not in the 63-67 spread you could buy at 63.75 so sometimes worth checking with a live quote.
At these levels and below I will add.
The SP hasn't exactly gone hell-for-leather. The latest additions to the board are a right pair which isn't very good for a shoe company.
my god this is a so boring share to hold.
Even when it does go up the spread is so large its not going to be easy to make any profit.
Is anybody out there or have you all fallen asleep watching this crap.
Oh sorry I didn't see that 94K sell. It wasn't there during the morning when I did my trade. They must have appended it at the end of close. Anyways, like you - this for me is a comfortable recovery stock and believe with the pandemic, the opp to cut costs and become more efficient, that once recovered it will fly past its pre-pandemic price.
Think the 94k sale in the morning moved it today, that’s a big sell for here. This is one of my favourite retail recovery stocks, the other being sdry. Long term can only see this making a strong recovery, could be delayed in the short term, but long term it’s solid
Hi Darren. It doesn't take much to move the price up and down here. I sold about £15k of this stock this morning early as I am really heavy in Shoe Zone and really need to diversify my money so I bought back in with another stock at a lower price than I sold it this past week as a friend also bought in yesterday. But due to the small share float - this goes up and down quickly with small trades and thus not worrying about if it goes 3-5% either way. Should be ok Shoe Zone - we just need demand to come in and people buying as its a good earner. GL
Was contemplating a small top up today, but decided to wait until Monday. Why the drop today? Wasn’t ready for it.
Lol - it seems today we both got good buy prices for our corresponding stocks we are championing. This is a safe company and from what I hear from a friend - online sales are booming and lets face it everyone needs shoes ! If that doesn't wet the lips, its managed by a good couple of brothers - one who bought £1.28 million of this stock at 80p a few months back. You're safe with this one and won't look back with sadness. Welcome aboard.