Updates

Shoe Zone - Fourth upgrade for FY22

February 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Another SCSW winner to have had more upgrades than you can shake a stick at is Shoe Zone. Its resilient FY22 performance comes down to two things for me. First, it reflects the strength of its market position as a value retailer in the relatively non-discretionary category of footwear; the typical price for a pair of its shoes is £10. Second, the Smith brothers who run it are formidable negotiators when it comes to rent reviews with shop landlords. The latest statement shows it ended FY22 with 360 stores, 50 fewer than the year before (and made up of 45 Big Box, 44 Hybrid sites and 271 Original sites). Shoe achieved rent reductions on 48 store renewals totalling £0.6m, an annualised saving of 30%. Shoe’s optimal size/shape is c.30 ...

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Warpaint

Ashtead Technology

Shoe Zone (August 2024)

Shoe Zone - Moving to free shipping online (March 2024)

Shoe Zone (November 2023)

Shoe Zone - Second upgrade in as many months; this one +29% (August 2023)

Shoe Zone (November 2022)

Shoe Zone (August 2022)

ShoeZone (July 2022)

ShoeZone - Shares gain 36% since November tip (February 2022)

Shoe Zone - Prospective PE of 7.9 (November 2021)

Shoe Zone - Could bounce big as lockdown eases (March 2021)

Shoe Zone - Accelerates big box openings (November 2018)

Shoe Zone (July 2016)

Shoe Zone (February 2016)

Shoezone (November 2015)

Shoe Zone (May 2015)

Shoezone - Synthetic shoes a beneficiary of low oil price (February 2015)

Shoezone (December 2014)

Shoe Zone - Discounter on a prospective PE of 9.9 (August 2014)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X