Equity Research, Broker Reports, and media content on Shoe Zone PLC

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Shoe
  • 16 Apr 24
Hybridan Small Cap Feast - 16/04/2024

16th April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radical Limited for

Companies: IP BILN SAR GATC ASTO PHE SHOE CCS IP CUSN

Hybridan
  • 13 Mar 24
Shoe Zone plc (SHOE LN) - AGM trading update

Shoe Zone’s AGM statement has said FY24E trading is expected to be marginally below previous expectations due to a higher cost environment, including elevated container prices resulting from the ongoing tensions in the Suez Canal, combined with the larger-than-envisaged 10% increase in the national living wage, effective from April. We take a prudent approach to our outlook for H2, with lower gross margin driving a 9.3% downgrade to FY24E adj. EPS. Despite today’s trim to forecasts, Shoe Zone’s

Companies: Shoe Zone PLC

Zeus Capital
  • 09 Jan 24
Hybridan Small Cap Feast - 09 Jan 24

9th January 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objec

Companies: TEK SHOE SHOE STX SDX SNT KOO IUG FUM CMH CMH

Hybridan
  • 09 Jan 24
Shoe Zone plc (SHOE LN) - FY23 Results

FY23 performance is in line with estimates and reflects solid trading and strong cost control. FY23E revenue +6.1% YOY and Adj. PBT +48% to £16.5m, almost double the £8.5m FY23E Adj. PBT we forecast a year ago following 4 consecutive upgrades over 2023. Net cash of £16.4m is after a total of £26.7m in capex, dividends and share buybacks, demonstrating the strongly cash generative nature of the Group. This is reflected in the announcement of a 6.0p special dividend, taking full year DPS to 17.4p,

Companies: Shoe Zone PLC

Zeus Capital
  • 19 Oct 23
Shoe Zone's unaudited full-year update for the fiscal year ending September 30, 2023, highlights strong financial performance.
shoe-zone-s-unaudited-full-year-update-for-the-fiscal-year-ending-september-30-2023-highlights-strong-financial-performance-19-10-2023
  • 17 Oct 23
Hybridan Small Cap Feast - 17 Oct 23

17th October 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje

Companies: ZIN SHOE SHOE SMRT DEST CNS

Hybridan
  • 17 Oct 23
Shoe Zone plc (SHOE LN) - Strides ahead

Shoe Zone has announced FY23 adj. PBT will be no less than £16.0m, +43.3% YOY (FY22: £11.2m) and 18.7% ahead of Zeus’ est. despite previous upgrades in both June and July. Performance has benefitted from strong demand through the key ‘Back to School’ period as well an increase in product margin attributed to lower freight container rates and improved stock management. FY23E and FY24E EPS forecasts upgraded >20.0%. FY24E ex-cash PE of 7.1x, remains a compelling buy.

Companies: Shoe Zone PLC

Zeus Capital
  • 12 Jul 23
Hybridan Small Cap Feast - 12 Jul 23

12th July 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objecti

Companies: TGIF RNO RBGP LGRS SHOE ONC

Hybridan
  • 12 Jul 23
Shoe Zone plc (SHOE LN) - Upgrade momentum

Strong trading momentum has continued through June and early July, driving a second material upgrade to our forecasts in as many months. Zeus forecast adjusted PBT for FY23E increases by 28.6% to £13.5m, in line with Management’s guidance of “not less than £13.5m”. We continue to think that Shoe Zone’s ex-cash PE of 9.0x FY23 is undemanding for a well-run business with a solid strategy, strong control over cost management, and consistent, high, cash generation.

Companies: Shoe Zone PLC

Zeus Capital
  • 20 Jun 23
Shoe Zone plc (SHOE LN) - Strong demand drives upgrades

Strong consumer demand through May and early June, combined with lower container rates has driven a material upgrade to FY23 and FY24 earnings. FY23E Adj. PBT of £10.5m is +23.0% with FY23E EPS +25.0% versus our previous forecasts. Margin improvements are expected to be sustained, with FY24E Adj. EPS +30.0%. An ex-cash PE of 11.9x with a prospective dividend of 3.0% remains an undemanding valuation for a well-run business with a solid strategy, strong control over cost management and consistent,

Companies: Shoe Zone PLC

Zeus Capital
  • 16 May 23
Hybridan Small Cap Feast - 16 May 23

16th May 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objectiv

Companies: ACRL AYM BOO SHOE SMRT

Hybridan
  • 16 May 23
Shoe Zone plc (SHOE LN) - Solid H1, full year on track

Shoe Zone has announced H1 FY23 results, delivering solid revenue growth across stores and online despite the challenging consumer backdrop, with H1 adj. PBT ahead of management expectations.

Companies: Shoe Zone PLC

Zeus Capital
  • 14 Apr 23
How Shoe Zone (SHOE) has bucked a difficult retail market, and the likelihood of earnings upgrades
how-shoe-zone-shoe-has-bucked-a-difficult-retail-market-and-the-likelihood-of-earnings-upgrades-14-04-2023
  • 16 Jan 23
Audio Note: Shoe Zone – Kicking-off cash

Premium

audio-note-shoe-zone-kicking-off-cash-16-01-2023
  • 10 Jan 23
Shoe Zone plc (SHOE LN) - Kicking-off cash

Robust trading and strong cash generation resulting in a further special dividend distribution, equating to a FY22 yield of 8.2%.

Companies: Shoe Zone PLC

Zeus Capital

Shoe Zone PLC

Company Profile

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Shoe Zone PLC. We currently have 74 research reports from 3 professional analysts.

Latest News/RNS

(more news)
Date Source Announcement
16Apr24 07:00 RNS Shoe Zone PLC - Directorate Change
26Mar24 15:37 RNS Shoe Zone PLC - Holding(s) in Company
12Mar24 11:51 RNS Shoe Zone PLC - Result of Annual General Meeting
12Mar24 10:00 RNS Shoe Zone PLC - AGM Statement
31Jan24 07:00 RNS Shoe Zone PLC - Posting of Annual Report, AGM & Dividend Timetable
09Jan24 07:00 RNS Shoe Zone PLC - Final Results
17Oct23 07:00 RNS Shoe Zone PLC - Full Year Trading Update
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  • 02 Apr 24
Solid State - Anticipating record adjusted PBT in FY24

Solid State’s trading update affirms the sustained strength in demand throughout H224, resulting in record FY24 revenue and adjusted PBT ahead of prior consensus of £155m and £12.5m, respectively. This is attributable to the earlier-than-expected delivery of a NATO contract. As a result, consensus FY24 revenue and adjusted PBT estimates have been raised by c 6% and c 20%, with respective FY25 estimates declining commensurately.

Companies: Solid State plc

Edison
  • 08 Jan 24
Zeus Top Picks for 2024 - 2023 review and outlook for 2024

On 9 January last year, we set out our ten top stock picks for 2023, for what turned out to be another relatively poor twelve months for UK equities due to two wars, stubbornly high inflation and further tightening of monetary policy. This was even as other major markets, such as the US, largely recovered in the year. In the 2023 calendar year, the AIM All-Share index fell 8.2% and is still 42% off its 2021 high. From the release of our 2023 top picks note, the average total return (assuming div

Companies: PTAL GHH IGP MSLH PINE NXQ EQLS NXR AXL

Zeus Capital
  • 09 Apr 24
Surface Transforms (SCE LN) - Obstacles removed for higher production

Surface has issued a brief Q1 update. Production will ramp-up this year as final new equipment is installed, and manufacturing teething problems recede.

Companies: Surface Transforms PLC

Zeus Capital
  • 17 Apr 24
Surface Transforms plc (SCE LN) - Forecasts and valuation withdrawn

We note the regulatory announcement this morning from Surface Transforms and withdraw our estimates and valuation, pending conversations with management.

Companies: Surface Transforms PLC

Zeus Capital
  • 17 Apr 24
Surface Transforms - New guidance – forecasts under review

Surface Transforms has issued new revenue guidance for FY24, with the company now expecting revenues in the range £17.5-22m. We are withdrawing our previous forecasts for FY24 and withdrawing our price target while we review the impact of the new guidance.

Companies: Surface Transforms PLC

Cavendish