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| 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 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.68 | 4.68 |
| Top Posts |
|---|
Posted at 30/7/2008 21:28 by jacobia So where does this now leave the small investor. Are we forced into selling or do we sit tight? |
Posted at 06/7/2008 11:52 by dirk10 No source for the information apart from the fine print in the RNS & just speculation on my part. I am just a humble investor like yourself! I could be wrong, but I think that Seaham are allowed to bid at any price once the 12 months had passed after their original purchase. If they had purchased a further 10% or more since, then they must bid at the highest price paid for any part of that 10%, but they only purchased 1% back in Feb.Most bidders prefer to keep their stake below 30%, which allows them to back out if they do not achieve the golden 90% figure giving them the authority to purchase the remainder. If they cross the 30% they are normally obliged to bid, and it becomes unconditional if they receive any undertaking to take their stake above 50%. So they may end up with control but not a complete buyout. Where this bid stands in respect of this is anybody's guess. I will sit and wait for the trading update, if it comes. If Seaham just want a controlling stake, then there is no change for us ordinary investors. However if they want a complete buyout I suspect they will probably have to increase their bid price. They will have worked this all out beforehand which is why I made my previous comments. Wiese is shrewd, and does not have a habit of giving money away (or companies) for nothing. |
Posted at 04/7/2008 10:39 by ialwayswinatmonopoly Great letter NH. It's nice to see someone with a bit of technical know how putting it to good use with and for the benefit of the common investor. |
Posted at 06/5/2008 16:56 by jacobia What would happen to us poor investors if this was taken private. Does he have to pay a fair market price or ????? |
Posted at 19/10/2007 08:43 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 27/11/2006 18:41 by wunderbar Over the last week or so the mm's have been gently walking the price down by the odd quarter/half penny, today they clobbered it senseless, wiping another 10% off the value of the stock (2.5p), now a sorry looking 21.5p, my 20p target may be coming round sooner than expected! The trend looks ominous and looks likely to continue unless trade recovers over the key xmas period.This year the company is expected to make a loss of £6.11m, and next year make a £1.64m profit. These numbers are enough to terrify any investor, they are absolutely shocking. Poor old Trevor Coates must be wondering if he can turn it around, I reckon any realistic recovery will take 3-5 years, if at all, maybe the company will go under if things don't improve rapidly. With the company struggling to make any sort of headway it's hard to see how things can drastically improve, especially in the face of such fierce competition. I dread to think what might happen to the shareprice if they have another dismal xmas like 2004,2005 & 2006! At what point does INST become fair value? 20p? 15p? 10p? 5p! To be honest I haven't got a clue. All I know is a market cap of £49.1m is still too high for a company expected to make a meagre £1.64m profit in 2007! That puts INST on a forward p/e of 30! Now you can see the possible downside and it looks very worrying. Ah, I hear you say, all this can change if they just make so much extra per week across their 300 odd stores, shouldn't be difficult? True, but the simple fact is they can't! Even with a newly built distribution centre they've failed miserably. One thing's for sure, I'm glad I'm not holding. This company's history is plagued by disappointment and failure, it may be the case it doesn't matter who's in charge, INST might simply be destined to go to the wall! |
Posted at 21/8/2006 22:54 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. |
Posted at 27/11/2005 16:38 by monkey66 No mention of Instore though. Traders and investors keeping well away from this stock. Two days last week there were no shares traded at all. Analysts are predicting another unsatisfactory christmas for Instore. Hope they are wrong. |
Posted at 30/10/2005 18:53 by meenan Sunday Telegraph 30/10/05Instore Shares in Instore (49.25p), the discount retailer formerly known as Brown & Jackson, which used to trade as Poundstretcher, have fallen by 19 per cent since mid September. However, directors have been buying shares. On October 25 the company revealed that Angus Monro, the chief executive, had bought 96,000 shares at 47.5p five days before, taking his holding to 21.8m shares or 9.5 per cent of the company. Gary Brown, the finance director, snapped up 792,513 shares at the same price on October 24. Trading is tough - last week Instore announced an increased loss at its interim results. We last tipped the shares in July at 55.25p and we still believe Instore is an interesting medium-term play. Investors should follow the directors and keep buying. |
Posted at 20/10/2005 08:42 by wunderbar Morning Meenan. Here's my brief summary. First and foremost, no nasty surprises. LFL sales decrease of 2.6% not bad considering impact of new distribution centre. Current LFL sales flat, again, not bad considering last years strong comparative and current retail climate. Gross margins improved. Rollout of ...instore going to plan.I'm satisfied with these results, mundane they might be, but shocking they're not. I can't see Investors piling in just yet though. The all important xmas period will determine that. The initial response from the market appears to be somewhat lukewarm, shareprice currently up half penny. |
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