7:59 cut – SHOE, MPAC

Shoe Zone (SHOE) – FY Results

Shoe Zone was hit by a mild profits warning in August which chimed with the general investment perception of doom and gloom on the high street leading to large initial share-price falls and subsequent drifting. However the trading update in October suggested trading had stabilised and I chose this moment to buy back in. Post-period there was concern over the impact of political uncertainty but some optimism following Next’s January update.

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