winningstreak
24 May 2018
H1 H1 is good, clearly most business is done in H2.Dividend already nice and high, still rising.ws
winningstreak
10 Jan 2018
Results Full year Results (see RNS) look good enough to me. Profits holding up well, and Pension Fund Deficit greatly reduced! Nice divi-earner at 6%-plus.IMO,ws
malj1
07 Jun 2017
Re: H1 Results Yes. The only reason I see anyone might possibly hold this is the dividend. The cash flow is so poor this looks on the cusp of being cut. With hindsight the previous special dividend payment looks misjudged. The shrink fit does not look to have produced any benefits & cutting never equals growth. Avoid
winningstreak
07 Jun 2017
H1 Results Not good, disappointing to me anyway.ws.
winningstreak
27 Feb 2017
Overdone Share price retraction (after the large dividend payment) is overdone, IMO.Excellent value here (sub 175p) , more good dividends to come, thereforeshare price likely to move north again soon. IMHOws..
Ripley94
16 Jan 2017
SP ( TW ) Tip .. CEO wife brought some 7am RNS today.
Roger Baron
11 Jan 2017
Re: Results Confused by the broker "downgrade" - down from Buy to Add.Semantics but that sounds like an upgrade to me!Target unchanged at £2 - but no idea whether that is pre or post it going ex div!
TX2
11 Jan 2017
Re: Results I know retail,especially bricks & mortar retail, is generally not a good call at the moment,due to lower exchange rate & hefty competition for the customers pound,migration to on-line;although selling shoes on-line can mean lots of returns, but I think this is company has merits.Very high gross margin & decent net margins but affordable product offer,good balance sheet with the proviso that the pension scheme is a bit of a worry but the deficit should have peaked and will fall if rates increase;generates plenty of cash for dividends.I like their policy of taking short leases;in a market where retail property supply is increasing and rents falling generally it makes sense & should not be tied into over priced rents,rates review seems favourable probably because it trades from secondary locations.I think turnover growth will at best be modest in the medium term but so will capital investment.....
winningstreak
11 Jan 2017
Results Good enough Results, plus eye-watering high dividend (including the special dividend).May well see the share price rise above 200p before ex-dividend date in February.WS
psyche100
09 Oct 2016
Re: Margin query Correction: the 9.3% margin is for the half year ending 3/10/15. Operating margin for the half year ending April 2015 is very similar to the most recent period: clearly a highly seasonal business.
psyche100
09 Oct 2016
Margin query The most recent interims said 'product gross margins remain robust at 61.1%'. Does anyone know how they arrive at this figure? Gross profit was £9.9m on revenue of £74.6m, equating to a gross margin of 13.2%.Operating margin looks to have gone down substantially too: by my calculations from 9.3% in H1 15 to 2.6% in H1 16.
winningstreak
07 Oct 2016
10% down Share price down by almost 10% today. Can anyone explainwhy the steep fall?ws
Simbrad
08 Jun 2016
finnCap's published a note this morning on Research Tree "H1’16 numbers were a tale of two quarters. H2 is trading in line with expectations and has a soft base. Interim numbers were marginally lower YoY. Revenue was down 4.6% to £74.6m and gross profit was down 5% to £9.9m (margin flat) with pre-tax profit and EPS both down 4% at £1.9m and 3.0p respectively."
Simbr
08 Jun 2016
Re: H1 finnCap's published a note this morning, it's up on research tree"H1’16 numbers were a tale of two quarters. H2 is trading in line with expectations and has a soft base. We ... price target but move from a ... rating given the share price appreciation. Interim numbers were marginally lower YoY. Revenue was down 4.6% to £74.6m and gross profit was down 5% to £9.9m (margin flat) with pre-tax profit and EPS both down 4% at £1.9m and 3.0p respectively."
winningstreak
08 Jun 2016
Not so sure I am not so sure whether this switching to larger new style/s of shopswill pay dividends. One thing is sure, changing to different premisesdoes cost money.ws
