Member Info for Crooty

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.

RobertGleed. I'll have some of what your smoking!!!! You really think Tui is going to rise tomorrow? Seriously? A lot of sectors are going to take a hit tomorrow not just travel. I think more people will be panicking over the fact that these restrictions might be in place for a month or two. Why do you think its going to rise?

I saw that the polish shoe shop CCC, had their best ever day last Saturday the day after the Polish lockdown ended. I believ shoe zone shops are going to be busy too.

Market makers are walking it up with not many shares soled today, taking it in its usual stride in my opinion. Could jog on nicely to 80p very sharpish but if not I stand corrected for talking a load of old cobblers.

I actually was quite pleased with the results to be fair considering where we are with Covid. Only 20% down, how many High st stores can say that? Even greys was 25% down - so only being 20% down is fine for me considering how long the stores were closed for. The main issue is the rates but thats across all High st retailers. Digital going great guns and they have plenty of cash and have stated they are confident they will survive. I was expecting 35% down on sales. I genuinely believe they have "played" the results down to put pressure on the government to warn them they need to look at the rates issue RIGHT NOW.

@ newbie.

Apologies my friend.

I soon as I typed that I thought maybe he was being sarcastic!!!

thats in response to Newbie - k

what the actual **** - are you for real?

Hi Tiger, FallingKnife

I kind of agree that high end fashion doesn't take as much of a hit as people would think. It is impacted a bit but don't forget, its not just the rich that buy high end clothing. My point was is that SHOE run an extremely tight ship. They have said at the beginning of the pandemic that basically this year is a write-off for most retailers and that they can weather the storm, with their current funding, if sales return to a high proportion of sales in the next year. They are very conservative in their approach. Before Covid, they had zero debt (Because they run a tight ship) and often paid large special Divvies. I like how tight they run the company, with the two at the top owning 51% after recently buying out the FD. I don't have twitter but I follow Charles Smith on it! They also have a charity arm. People need shoes and they have weathered every recession so far so heres hoping.

I'm confident Shoe will weather it. They run an EXTREMELY tight ship. They have been heavily negotiating rents and without them paying business rates this will give them a good cash boost as they, in the own admission say the business rates are a large part of their costs. I think their update is 31st of October so we will know more then. There has been a few large buys over the last 5 days or so. Hopefully, their digital division has kicked on more and I would imagine that the big box stores have performed well considering things. It will also give them a good chance to close the loss makers

50p lol

HI Rick,

Do you know what time they are doing the Share price adjustment today?

Sorry, just light hearted fun mate!!

Why would there be an uncrossing trade and people partaking in the closing auction at 4.30pm today if they knew it was going to be worth half tomorrow? The people that have DMA aren't stupid...

Agreed Engineeer. I'm in shock myself

Rick,

I still cannot believe your logic!!

So I assume you have opened up a massive short? The market is a C**t and doesn't give 50% freebies like you say.

Sent everything plummeting mate. One minute Dow is up nearly 200 points and then it goes minus 375....

No probs Mararab.

Exactly..

UK,

If this is true, this won't potentially help aviation stocks in the next 3 weeks. That and coupled with Trumps comments might not make a pretty day for the travel sector tomorrow. Royal Caribbean was up 7% before trump tweeted and now its only up 1%.

From a shares website on 20th Sept:

The collapse of the International Consolidated Airlines Group (LSE: IAG) share price this week was not due to a fresh round of bad news from the firm.

What happened is that on 14 September, shares in the owner of British Airways started to trade without the rights needed to take part in IAG’s €2.75bn equity fundraising. The price we’re seeing now is what the market reckons the stock will be worth after an expected 2.9bn new shares are added to the group’s existing 1.9bn shares.

I "lol" as why else do you think a company would do a rights issue.No offence, I literally spat my Tea out at your comment.

Who knows whats going to happen tomorrow. UAL was up 2% and now after trump spoke its down 3.5%.