Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Draft,
You do realise that the UK is vaccinating people right?
This will be the last lockdown for Covid -19 for sure. Sunak cannot afford to offer support for closures again and why should he when the vast majority will be jabbed. Non- essential shops will be open before you know it. I'd be worried for the like of the travel sector though.
Me personally, cannot see that the update tomorrow will be anything but dire. No one has been flying tourists anywhere and hardly anyone is booking holidays . We go on around 6 overseas holidays a year and haven't got one booked right now. I do feel for the airlines as there is no real definitive outlook and all of them burning thru so much cash and accumulating so much debt and dilution. To be fair, I'm surprised all the airline share prices are as high as they are.
Falling Knife, i have a good run on RNWH so cashed out of those. Been in and out of CEY for a few years. Traded these well but my core holding is down. the only other one i'm in at the minute is SLP which is going great guns. Long may that continue.
Back to SHOE , i can honestly see them re-instating the divvie earlier than they planned
Hi FAllingknife,
yes your puns didn't go un- noticed and are welcomed.! Having been on ADVFN for 22 years i'm a newbie to LSE!
My own view is that clearly we are going to be in a deep, deep recession for a couple for a couple of years and retailers like Shoezone, Primark etc thrive in these circumstances. Personally, i think the shoezone online platform during the lockdown will have created a lot of new customers.
Fallingknife, why have you changed your mind? You have been upbeat on your previous posts saying you met with management etc. They mentioned in November that the results would be delayed until 8th march. Its simple, SHOE run a tight business model. There is nothing else to understand. In times like this its the ones that look after the pennies that will survive. The MD tweeted a couple of days ago that slipper sales are going to be stratospheric. Hopefully the digital platform is gathering pace as they mentioned it was 100% up in November. I'm unsure of your legit business comment. Its been going for ages and is a simple shoe retailer.....
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.
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