ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

INST Instore

4.68
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Instore INST London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 4.68 00:00:00
Open Price Low Price High Price Close Price Previous Close
4.68
more quote information »

Instore INST Dividends History

No dividends issued between 28 Mar 2014 and 28 Mar 2024

Top Dividend Posts

Top Posts
Posted at 14/11/2008 23:08 by ialwayswinatmonopoly
The credit crunch, dramatic drop in the interest rate and drop in house prices will not have any effect whatsoever on the majority of Instore/Poundstretcher customers so it will be interesting to see if INST has economic immunity.

The share purchase issue and the unconditional offer by Aziz was a technical offer. It was not an offer or an effort to take the business over or to de-list it. The objective of Aziz was to obtain a controlling state and in doing this the offer to purchase the shares from Tradegro must also be made available (by virtue of the stock exchange rules) to all other shareholders on exactly the same terms and (if requested to do so) must buy the shares from any other shareholder at exactly the same price as paid for the Tradegro shares, although this is not the ultimate objective of Aziz.

As far as I am aware it is not the intention for Aziz to buy the business outright.

The company is still experiencing some fundamental challenges in-house in respect of buying with margins in mind.

Colour roll (aka Ponden Mills) has proven to be a success, despite shutting down over 35% of the number of outlets. The sales activities of this brand is for the first time in nearly 2 years showing an operating profit.

Inevitably, the next few weeks will prove crucial to the company. The hard work of the last 18 months will all have been in vane if they can't keep the tills ringing through the next 6 weeks and at the right margins. Things really are on a knife edge.
Posted at 03/7/2008 09:43 by ialwayswinatmonopoly
The price of 5p is only the start of things.

A counter offer will come in at approx., 8p and Seahams (which is part owned by Aziz) will have to increase their offer to the true worth of 9p.

Unless I'm mistaken INST have £3.2M cash in the bank so a valuation of £11m is ridiculous!

LET THE GAMES BEGIN!
Posted at 15/2/2008 07:30 by 801710245
Meanwhile, Sainsbury are building a new store at the top edge of Dartmouth. No sign of Sainsbury rationalising, concentrating or going 'belly-up' for that matter...

CR,
Have you been in INST long? - I bought in near the bottom in the hope of 'recovery' / bid / buyout. 14p would tempt me in to selling - yourself?
Posted at 19/10/2007 07:43 by primrose
Strong Results today with Positive outlook (charts in favour too..)
Of interest. Is INST going back to 15p-19p (?)

(INST is on SETS, yet loads of private investor trades are not being
published. NMS is 10000 so no reason for 1-2 hour delay on buys/sells
sub £6K. Yet loads of trades have not been published ! Screen prices
are also entirely misleading - as to what you can buy and sell online
live..Why the manipulation ? Looks like an AAZ type from a few weeks
ago, which only went up 35% on the first day, but the following week
on days 2, 3 and 4 went from 11p to 19p+. INST being over 70% firmly
held at above 14.8p.. Thorntons former CEO now at the Helm and already
dramatically turning the business around. This could be 50% to 75%
Blue today, but so far the huge turnround potential back to 20p+
seems to have been relatively unnoticed)
Posted at 14/10/2007 21:19 by wunderbar
I think the end of Instore is in sight. Any poor souls who've paid more than 20p for this white elephant don't stand a chance in hell of recovering their losses. I should imagine most longterm holders (like myself) sold out long ago when it became abundantly clear the business model wasn't working. The all singing all dancing multi-million pound distributuon centre in Huddersfield has been an absolute disaster since its inception. The re-branding from Poundstretcher to Instore was another multi-million pound mistake (admittedly I thought it seemed a good idea at the time but what do I know about retailing), some analysts believed the company had lost it's identity doing this, arguing the name Instore meant nothing to Joe Public whereas Poundstretcher needed no introduction. You've only got to look back at this company's history to see a trail of mass destruction and gross negligence.

Some have said Mr Tayub knows his stuff. Does he? He bought into INST @ 14.64p! His investment has lost in excess of 45% of its value in the five months since he bought in, he's currently sitting on losses of £4.2m! Why doesn't he make full a scale bid at the current price of 7.9p? Is he waiting for it to drop sub 5p before making his move or is he contemplating a smash and grab from administrators!

Tell you what, if INST is still listed in a years time I'll eat my hat!
Posted at 10/9/2007 21:13 by wunderbar
Gary Brown's resignation from Instore to join Umbro last week helps explain why he dumped his entire 1.7m shares the previous week. And it's just as well he did, after todays fall the price has finally breached my target of 10p (9.75p). So where do we go from here, how much lower can it go. Answer, I haven't a clue. For all of you who've been waiting for 10p then now is the time for your death or glory punt. Me, I'm staying out, no confidence at all in this business.

Mr Tayub must be shellshocked at present. It's less than 4 months since he bought a 29.9% stake at 14.64p and already his investment is worth 30% less, poor guy's sitting on a loss of £3m! From here on in things should get interesting, with the price at an all time low does he use this opportunity to raise his stake above the 30% threshold, remember if he does he's under obligation to make full takeover. Maybe he's waiting for 5p so he can offer shareholders 10p! Who knows?

Hindsight is great but to state the obvious I think he bought in much too soon. It was obvious (to me anyway) that Instore had much further to drop, it's fall to 10p was inevitable! If I'd been watching INST for some time, as presumably Mr Tayub had, I'd have waited for xmas to pass and assess situation. If Instore had a good trading period (history dictates it'll be another gloomy xmas accompanied by the obligatory profit warning) then great, business is showing signs of recovery, buy in. But if it was another disaster (like the previous 4 years) then I'd wait for the annual shareprice decimation, maybe administration this time round, and pick up company for 5p a share or even less from administrators.

Maybe it's time Anne Robinson stepped forward and anounced....Instore, you are the weakest retailer...goodbye!
Posted at 10/9/2007 12:49 by bletherer
Sub-10p, INST finally has the sort of share price which reflects its chronic poor performance. The price/sales ratio makes them look very cheap but unfortunately having sales isn't enough to make a company successful, or even solvent. I was lured into CHUK a couple of years back on the basis that the sales volume gave them great potential if they could find their way back to making even a small profit on the product they were flogging. Unfortunately, though, they couldn't and eventually went into administration. Mind you, on the way the share price did have a +80% rally from my buy price, and something similar could happen to INST from around these levels on turnaround/takeover speculation. For those who like a gamble, could be worth a small double-or-bust punt, perhaps?
Posted at 28/8/2007 21:55 by wunderbar
Today's RNS spells out more dooom and gloom for shareholders and is quite significant in terms of telling us where Instore is heading. Finance Director Gary Brown dumped his entire holding of 1.7m shares helping to push the price down 5.66% to 12.5p. When the FD bails out you know there's a problem. Poor old Gary must be fuming with Instores dire performance, in October 2005 he purchased 792,513 shares at 47.5p taking his total to the 1.7m stated above. I reckon he's lost anything between £250k and £350K on his investment (about 2-3 years salary). Still, makes a refreshing change to see management suffering just as much as shareholders.


JayKayTee,
Would I purchase at 10p? NO. I simply have no faith in this setup now. Gary Brown selling his shares was a major clue in telling us where Instore is heading. You wouldn't offload 1.7m shares at a near all time low if a turnaround was on the cards. The fact he'd rather realise such huge losses than hold on for a recovery tells its own story. If you are prepared to lose everything then by all means go for a death or glory punt at 10p.


Libbyb,
You ask if Instore will still be around in three years time? I'll start by saying I certainly don't expect to see it listed in three years. Abdul Aziz Tayub recently muscled his way onto the board and I believe it's only a matter of time before he makes his move and takes INST private. Parent group Tradegro are literally falling over themseleves to be rid of their shares. This company has been a burden to them (and shareholders) for well over a decade now. Many CEO's have tried to turn things around and all have failed miserably. The fact is Instore is dying a slow death.
If Mr Tayub does take over INST then I'd expect him to streamline the business, basically get rid of stores which are economically unviable, ie not making enough money. Whether that applies to your shop I have no idea. As for your long term employee reward, hmmm, what can I say. I don't know what you expect to get but I suspect redundancy pays more! Here's hoping your store's a star performer!
Posted at 21/5/2007 17:03 by wunderbar
Forget recovery, INST are in serious trouble, losses widening to £9.1m and CEO resigning is a complete disaster. Poor old Trevor Coates only lasted 17 months in the role! Even with his talents he probably realised he had no chance of turning this around, he now joins Angus Monro in the INST hall of shame.

Next onto the conveyor belt is Peter Burdon, ex-ceo of Thorntons. I personally can't see him or anyone else turning this company around, as far as I'm concerned it's had it. The competition in this sector is too fierce, Instore just hasn't got the financial clout nor the right personnel to make it a success. I suspect parent company Tradego realise this which is why they're trying to reduce their stake, they must know this business is a lost cause, if this new guy can just stem the losses for a year or two then maybe someone will take it off their hands, and boy, wouldn't they be glad to be shot of this white elephant.

How on earth the shareprice rose 10% today is beyond me. The only positive I could muster was like-for-like sales for the 11 weeks ended May 12 were up 7.9 percent. But we've seen this all before. With INST these sales increases are never sustainable, and more importantly never materialise into decent profits.

I can't believe Christo Wiese is paying tribute to Mr Coates (just as he did when Angus Monro resigned). For all his efforts during his short tenure, Trevor just didn't cut the mustard. I don't care if he reduced stock levels or significantly increased net cash, bottom line is profit, and with a £9.1m loss you have to say he failed shareholders.

Currently 24.25p this values INST at £55.6m. Richard Ratner, analyst at Seymour Pierce has cut his current year forecast from a profit of 1 mln stg to a loss of 1 mln stg. Do the maths, the numbers just don't tally up, a company with uncertain future and expected 2007 loss of £1m being valued at over £55m! Given the circumstances I'd say a fair price for INST is 10-13p, valuing the business between £23m-£30m. My opinion, big drop to come.
Posted at 21/8/2006 21:54 by wunderbar
Trouble is Neil, profits for the next two years are expected to be abysmal. They're expected to make a loss this year and only £1m profit for 2007! This makes Instore look very expensive at current levels. Come December I'd expect the shareprice to be lower than today's 34p.

Trevor Coates will be up to his neck in it for quite some time yet, having to wade through Angus Monro's mess and reversing the company's fortunes is going to take time, he reckons 2-3 years. Could be too late by then!

This extract from the above article says it all:

"Under previous management, half of the Poundstretcher chain of over 300 stores were taken upmarket and rebranded as Instore. The conclusion yesterday was that this had been a rather pointless and expensive exercise. The Huddersfield-based group said the decision to change the name to Instore has made "no significant difference" despite a £16m investment."

This company has a reputation for making big mistakes. Anyone remember the £20m acquisition of The Famous Brunswick Warehouse? Put into administration within three years of purchase! Did they learn from this? Hell, no, then came the Instore revamp project, (mis) guided by Angus Monro.
It's now widely acknowledged that the £16m invested in Instore was a complete waste of shareholders money, this has resulted in a company with no credibility whatsoever. Trevor Coates might have a reputation but so does Instore, unfortunately not one to be proud of. Too many profit warnings and false dawns have alienated many investors including myself. If ever a company was trying to commit corporate suicide it's this one. Year after year of endless excuses, broken promises, poor results, no dividend payouts, no good news. They can't increase sales, they can't make a decent profit, the revamp hasn't worked, and they appear to have lost all focus and direction. For this reason I can only see things getting worse in the short term.

Christmas hasn't been too kind to Instore over recent years. Trading updates in January 2004, 2005 & 2006 came with seasonal profit warnings, on each occasion decimating the shareprice as well as investor confidence. You could even argue INST is now a laughing stock, if you'll excuse the pun. So will it be party time next January or another shareprice blowout? My money's on a blowout.

Your Recent History

Delayed Upgrade Clock