The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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.
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..