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Shoe Zone – full-year trading update. A recovery & income buy?

By Tom Winnifrith & Steve Moore | Tuesday 29 October 2019

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Previously commenting on Shoe Zone (SHOE) we noted it updating disappointingly but the Big Box and Digital growth elements of its strategy progressing, the latest balance sheet was still in decent shape and it not anticipating any change to dividend policy, with even just the ordinary dividend per share for last year totalled 11.5p – and thus to, at worst, hold. Now a “Full Year Trading Update” from this, the UK's largest value footwear retailer…

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