Updates

Shoe Zone

November 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.

Having seen its eps forecasts upgraded in both June and July, Shoe Zone has said FY23 will now beat even those upgraded expectations. Pretax profit is expected to be no less than £16m, which is 20% of the previous expectation. FY23 sales to end September were +6.1% to £165.7m and only £2m better than expectations but the improved performance has come from strong demand through the key ‘Back to School’ period as well as an increase in gross margin (+80bps to 62.1%) attributed to lower freight container rates and improved stock management. Store revenue was £135m, +3.9% in the year, despite closures leaving 37 fewer stores (323) as Shoe Zone continued its march towards bigger and fewer stores, which gives rise to improved pr ...

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Frontier Developments - FY25 forecast upgraded by £6.8m

THG

Shoe Zone (August 2024)

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

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

Shoe Zone - Fourth upgrade for FY22 (February 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.

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