Instore Share Discussion Threads

[rogid] 13/2/2006 16:12

Yotter, any other prime targets on your radar, for shorting or otherwise?

[wunderbar] 13/2/2006 15:19

Another profit warning just released! This is scandalous. Angus Monro's turnaround plan has fallen apart in spectacular fashion. Significant shortfall in sales over last 4 weeks! Distribution costs still running over budget! Profits expected to be substantially lower than last years re-adjusted £6.8m! No wonder Gary Brown is stepping down. Maybe Angus should too. This is the 5th profit warning since his arrival. Tradegro should now step in, roll up their sleeves and bloody their knuckles on this management team.

I notice from the RNS it is chairman Christo Wiese making the statement, just as he did with the disappointing xmas update. It's about time Angus Monro opened his mouth and done his own explaining, afterall it's his masterplan which has virtually destroyed this company.

Shareprice currently down 20% @ 43.5p.

[yotter] 13/2/2006 14:53

That's better, down the mine she goes !!

[meenan] 02/2/2006 17:38

We need something to laugh at with this share.

[meenan] 02/2/2006 16:05

Yotter

Excellent, try this as well..

[yotter] 02/2/2006 14:44

She seems to be gently on the way down.

Have a look at this...

[yotter] 01/2/2006 12:00

Or a short

[monkey66] 01/2/2006 11:22

Monro has wasted millions of pounds of shareholders funds. Store conversions and distribution centre have failed to deliver. Profit forecasts slashed every year. Shareprice near all time low. Market unimpressed by lack of progress. Time for new blood.

[neilrr] 01/2/2006 08:52

Angus, you need to GO.

Time's up.

No benefit to your BRJK/INST revival programme.

Your plan isn't working.

The same litany of excuse after excuse, year after year.

You're not fooling anybody.

Time to move aside.

[wunderbar] 30/1/2006 13:45

RNS released just after lunchtime stating Finance Director Gary Brown is to leave the company, "to pursue other interests which will allow him to spend more time with his family". He will remain in his role until a suitable successor is found.

It looks to me like Monro is wielding his axe after this years distribution fiasco. To the best of my knowledge, as well as being FD, Gary Brown was also responsible for managing distribution. His failure to control costs has ultimately cost him his job. It's abundantly clear his official reason for leaving is just a smokescreen.
Only a couple of months back he bought 792,513 shares in the company. Why would he buy such a large amount of stock if he was intending to leave shortly after xmas? It's highly likely his decision to leave has been forced upon him. Gary's dual role was obviously a big mistake. A finance director looking after distribution as well! What did Gary know about distribution? Maybe management will learn from this. You can't have the FD doing two jobs at once!

Shareprice currently down 1.75p @ 53.25p.

[yotter] 30/1/2006 13:33

There goes the Finance Director.

[neilrr] 25/1/2006 08:17

No, I can't think of a good reason either.

[neilrr] 20/1/2006 13:59

kneath,

Why do you "view this share with real optimism"?

[kneath] 20/1/2006 11:23

I'm relativley new to this game, but I view this share with real optimism. Does the market know something i don't or should I up the medication?

[neilrr] 19/1/2006 08:47

Matalan fired their head boy this morning after yet another Xmas of disappointing sales and excuses. Jump or be pushed, Angus? Looks like your choice. Tick tock. Clock's running out of time.

[neilrr] 18/1/2006 20:37

I wrote the post below on October 20, 2005. Others were of the same opinion.

Angus, your time is up. Close the door on the way out.





"It's all about Xmas. They have to get it right this time. No more excuses allowed. A good Xmas will fill the sails of inst, another disapointing one & Angus has some VERY VERY serious questions awaiting him. 3.5 years into the grand makeover & the Sp is nearly at an all time low. It has to be on the up from here on in or he's looking at a mid life career change and a reputation in tatters.

Over to you, Angus."

vera500 - 20 Oct'05 - 10:25 - 32 of 61

Has Monroe ever turned any thing around? Matalan was a growth storey, this is a low end buisness with poor margins, a good target for Aldi may be, they now how to run this type of operation propoerly!

WUNDERBAR - 20 Oct'05 - 10:29 - 33 of 61

I quite agree Neil. Everything is now in place for Monro to deliver. He's got his new distribution centre, so no more excuses.

[lyntwyn] 18/1/2006 14:49

Here's initial broker reaction!
Investec 'reduce'; Seymour Pierce 'underperform' -afx

[kneath] 18/1/2006 11:32

I'm pretty new to this but my 'virtual' portfolio watch dived 10%on this. Gimme some advice... Is this what would now come under the banner of 'don't touch' or could it be worth a second visit?

[meenan] 18/1/2006 08:21

What a day to bring out good news!!!!

[neilrr] 18/1/2006 07:17

RNS Number:0765X
Instore PLC
18 January 2006

January 18th 2006



INSTORE plc

TRADING STATEMENT

Total LFL sales for the 6 weeks ending 15th January 2006 are up 3.8% with ...
instore up 5.4% LFL and Poundstretcher up 2.0% LFL. During this period we traded
with 137 ...instores representing 55% of December's sales.

Total LFL sales for the 20 weeks ending 15th January (the half year to date) are
up 0.9%, with ...instore up 1.6% and Poundstretcher up 0.1%.

Margins for the 20 weeks to date continue to be ahead of last year and for the 6
weeks of Christmas trading are broadly level, in the main because of a better
sell through during our clearance activity.

During the Christmas period we achieved strong sales on Christmas and seasonal
ranges and from Homewares. Our improved logistics worked well and, as a result
we achieved a higher than normal sell through on seasonal stocks ending the
period with closing stocks down some 10% on last year's already reduced levels.
As a result we have identified clear opportunities for further growth next year.

Our new Distribution Centre has enabled a much better flow of stock through our
supply chain and left our stores with far improved on-shelf availability, with
lower stock levels in the business overall. However, in order to ensure a
consistent flow of stock through the warehouse, we have operated our first
Christmas peak with higher levels of staffing than would normally be the case.

We are now focusing on improving labour productivity in the facility, but as
regards our performance to date, operating costs have run ahead of our initial
budgets. When this is added to the competitive gross margin environment, the
result is that we would expect profits before tax and exceptional items for the
year to be below the current market consensus. Whilst there are still some
important trading weeks to come, current trends indicate that we should still be
ahead of last year's IAS-adjusted profit number of #6.8m

Commenting on the results, Christo Wiese, Chairman of Instore plc said:

"We believe this is a satisfactory Christmas performance against the background
of a challenging trading environment and are particularly pleased with the
progress made by ...instore, which showed strong LFL sales and has clear
opportunities for further growth next year."

For further information, please contact


Instore Plc Angus Monro Chief Executive 0870 240 4600
Gary Brown Finance Director

ReputationInc Tom Wyatt 020 7758 2800

[adamjacobson] 11/1/2006 17:25

Well, that's me out for the moment. We'll see what happens after the figures come out. Perhaps I've made a bad decision, but maybe not.

AJ