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Aye Roxbury, his feedback seems to be that its all positive and nothing worrying about. I thought I would follow your example and visit stores and ask managers and retail staff on how things are going for my retail stocks.
Its a shame some of the idiots here have to make a mockery of what I came away with.
ahh-sole
No it was his brother.
Bit the bullet and with me heavy in many retail high street stocks I popped into my local Works in Harrow Town centre. Bought a book first to keep the coffers ticking over and then spoke to the manager and said I was heavily invested and like the company and what his opinion was as we come out of lockdown. He said your money is safe nothing to worry about. The footfall is nearly at pre-pandemic levels. Also memos from head office was that the online sales were booming and off the scale whilst we were in lockdown and now coming out of it. He told me that the Harrow store even had a new re-fit just two weeks ago which was a surprise to him, The company has stated there is no redundancies and its business as usual. Worryingly my book was half the sale price when I got to the counter and asked him about that. He said they want to get rid of all stock and are discounting heavy as they need the shelves for new lines to go with the refit at Harrow. My last words were about D Hoyle and me stating that him leaving was a sign to me that things may not be going well with the company and he therefore stepped down. . The manager said it has nothing to do with the business, the business is fine - they have been told he is sadly in poor health and he wants to spend time with his family and thus stepped down. He had a serious pancreatic illness a couple of years ago and was in hospital for a long time and it seems his health has taken a dip again. Sad news for a good man who was spoken highly of by the manager. Apart from the health news of the founder with regards to the business he said the company hardly has any debt, is re-fitted and energising not just the store frontage but also the product lines. His parting words were 'thank god for the internet and thank god that with the lockdown over the customers are also coming into the store and buying stuff'
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.
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
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.
I had to buy some CARD so I had a vested interest to visit the CARD forum on lse.com and read your wonderful insights on how the 4 Card Stores in your area are doing from your reconnaissance of how many customers are entering the shops and their purchasing habits. I hope to hear of plenty of balloons being bought from your observations as they have large profit margins... ha ha
Market makers bringing the price down to trigger those stop's for those who buy cheap and put it under the mattress.
This will all change after results day.
Added another two lots (2,485) & (2,444) shares into my fund account for a small play - couldn't help myself - these prices are cheap
Back in da High Street Game 2...
Bought 6,733 and 16,428 shares in Wrks this morning a few mins after market opened.
Really Nice price to jump back in (51.7p)and worth it considering I sold in the high 50's earlier this week... lets roll
Off to the shops to buy a ruler and pencil and u know where I am going ... ha ha
Lol. It is funny. I had no idea that Wrks dropped to 50p today, so will watch it tomorrow and will ONLY buy in if it stays below 51p. I have a confession to make. Reading your musings on CARD, I have also invested in that too in my ISA and SIPP although a small wee gamble. Shoe Zone is still my biggest by a huge margin from my brick retail store holdings and it will be fine as it was worth at least double the current price before the pandemic hit, plus 50% of the shares are owned by a family who run a tight ship and have never let the company go into debt apart from a wee dip below due to the pandemic. Its pretty much debt free, has a huge online presence and relatively safe....
Lol - I got rid of all mine these past 10 days in chunks around 57+p mark - sold my last lot this morning for 54p+ as well as I got bored watching it fall - it was never a big platy for me, but will be back in if it drops to 50p just because I feel guilty of holding for so long and then losing patience as I found other stocks having more movement and a better return, so will be back in the morning unless the price shoots up but with hardly any trades in this share I hopefully should get back in. Welcome back Rox tho !
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/
Ok... I know how you feel about wrks as I moved bulk of my money from wrks to Shoe Zone a few months ago. But Wrks will see a £1 soon especially as the next trading update will have the summer tills and they have been ringing. GL with card factory, I saw your post today on how many shares you have there... You have big kahuna's. I hope card does it for you .. I was analysing it against Cineworld and had a few grand on Cineworld instead as i felt that would get to a £1.20 which is my sell price quicker than Card...
You sold out of Wrks today Rox ?
No Rox, I am not in Card, I had some money for a quick play and was doing some research between Card F and Cineworld as quick play turnarounds to reach 90p-£1 as I believe the £3 a share days for both companies are now long gone ... I went with Cineworld in the end and have a sell order when it reaches the 90-95p band... I know you're heavy in Card F and have my fingers crossed it all works out for you.... With regards to Shoe Zone, i have a friend who has a friend at their HQ in Leicester and I invested early when they were in Lockdown as online sales were booming.. I think one month they asked people buying online if they wanted to donate a few pennies to a cause and not many people do but in that April month, they raised £20k for the charity by the odd person from 10 rounding up their bill to the nearest pound. That alone shows the strength of the online sales. Plus it has been debt free for 15 years and only took out a loan of £12M due to covid and on cheap rate and not payable for 4 years .. so it all looks good ... not that I am ramping but as you know on the Wrks site I have been mentioning for ages I was really heavy on Shoe Zone and I know you're the same on card and hopefully we will both be dancing along the High Street as the tills ring when normality returns in the next 12 months.
No worries in your statement Rox, I however do remember when Wrks was in the same place, going up and then a sharp decline and its now moving up again. At the time I decided to shift most of my funds from Wrks to Shoe Zone and I informed everyone ... It's nothing to do with the business but just general social conditions with the pandemic, variants and reluctance to go to work and people spend money in their lunchtimes the reason why both Wrks and Shoe pulled back.., But a good source has told me that S Zone are doing great online business and also they just added some more brands to cater for the stay at home vacations thus summer... https://www.retailtimes.co.uk/shoe-zone-boosts-branded-offering-with-the-introduction-of-trespass/
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