Shoe Zone is upgrading FY21E Adjusted PBT expectations to £8.0m, a 22.7% upgrade to our previously published forecast of £6.5m, following initial work done as part of the ongoing yearend review process. The benefit of this upgrade also flows through to FY23E where we increase our forecasts by the same quantum. Despite the recent share price rally, we continue to believe Shoe Zone trades at a deep discount to its fair value, with a return to the dividend list anticipated in the current financial ....

01 Nov 2021
Shoe Zone PLC (SHOE LN) - FY21 expectations upgraded

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Shoe Zone PLC (SHOE LN) - FY21 expectations upgraded
Shoe Zone PLC (SHOE:LON), 104 | Shoe Zone PLC (SHOE:LON), 104
- Published:
01 Nov 2021 -
Author:
Rachel Birkett, CFA -
Pages:
7 -
Shoe Zone is upgrading FY21E Adjusted PBT expectations to £8.0m, a 22.7% upgrade to our previously published forecast of £6.5m, following initial work done as part of the ongoing yearend review process. The benefit of this upgrade also flows through to FY23E where we increase our forecasts by the same quantum. Despite the recent share price rally, we continue to believe Shoe Zone trades at a deep discount to its fair value, with a return to the dividend list anticipated in the current financial ....