Member Info for Crooty

I'm sure it would but do you honestly expect anyone to pay a 250% premium over todays price? Would you?

As an aside, i happened to mention PIER just after Christmas Market cap of £25m and annual profit of £10. (P/e of 2.5!!)

Have you guys been buying? I mentioned it around 10 days ago when it was 56p to sell - it's now 78p to buy. Good tuck away that share.

anyways, hope GDR comes good for you all

I don't think there's that many people worrying about Covid right now. There's enough people in the UK with it at the minute. Lets face it, GDR done £50k of sales in the two years during covid - so what chance have they now when there is already cheap supplied out there already? Clearly no one wants the POC test from them. You would have thought if it was that could - and price correctly- that compnaies would have purchased them already just in case they needed them. They have't and thats all we need to know. The hearing test however may well do OK.

Blimey people, i mentioned PIER here about 6 days ago and how undervalued it is. Did anyone buy as it has risen nearly 20% since then!!

Come on - you don't actually believe that do you??? It's China that only has the real Covid issue. They'll supply their own kits. GDR couldn't sell any during the world wide pandemic - so what chance do they have now????

Roger,

well balanced post to be fair....

Genuine question to all, if current price at time of placing is say 10P, would do expect the fundraising price to be?

If you want a decent growth stock thats out of favour - look at PIER. Market cap of £23m and last full year accounts they mad a profit of £10m. a P/e of 2. And hardly any debt. Beat that!!!

How can you possibly say it will 4 bag from here in 4 months when they have already stated they need to fundraise. ? Come on!! And given its at historic lows and only £50k of sales any fundraise is going to be at least a 30% or 40% discount in my opinion. Been doing this for 24 years and fundraising for these type of companies are hard to secure after several failed previous rounds...

RNS for what? - Company been trading for 10 or so years and last financial year they generated £136 per day of sales !!!!!!! You'd earn more doing a jumble sale on ya front lawn!!
Fundraising RNS is the first RNS you will see in my opinion...

Agreed. Could even make £60k of sales this financial year..

Phew!

PMSL. -- 400% rise in the morning? Are you for real.? How on earth Budd hasn't been investigated yet is beyond me but people still think he is going to pull a rabbit out of a hat? 50K annual sales for a company that has been trading for 10 years or so and promising so much is so bad. £150 of sales per day. Most of us earn that a day....

Well, i'm not actually looking forward to the update if I'm honest. We all know the figure is going to be around the £10m mark which is awesome. The main issue for me is the ugly freight charges that has reared its ugly head again. China-Europe rates eased for two months at the back end of last year. Now they are far higher than they have ever been and no sign of them cooling. Charges at the end of December were $14000 per container, around £11k. Just Crazy. In March last year Shoe Zone announced that container prices had gone up from £1900 in 2019, to £6500 in back end of 2020. Now they are nearly £11k. They also said they import on average 100 containers a month. Thats £1.1m of freight charges per month or £13.2m per year by my calcs going on December 2021 rates. Considering 2019 annual spend (according to Shoe zones own figures)on freight was £2.28m the 5 fold increase in this, is going to wipe out most future profits unless the freight charges cool off. Luckily, we had 100% business rates relief in the last full years accounts but we don't have full business rates relief now.

Next Plc announced their results today with 20% increase on sales than 2 years ago - and the shares dropped 3.3%!

Hopefully, there will be news on the divvie which will help I guess.

Blimey another new hybrid store.

Thats 69 of these now selling high value shoes also.

I thought they were doing so many of these. Clearly they are working big time.

https://www.braintreeandwithamtimes.co.uk/news/19454788.inside-braintrees-new-shoe-zone-george-yard-shopping-centre/

Scoobydoo,

They have well over 400 stores.......

Any extension to the Business rates holiday would be very welcomed...

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.....