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INST Instore

4.68
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Instore LSE:INST London Ordinary Share GB0001469930 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.68 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Instore Share Discussion Threads

Showing 151 to 171 of 400 messages
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
DateSubjectAuthorDiscuss
17/1/2007
08:36
good news, but price not big move, buy or hold ?
please comm...

may45
10/1/2007
21:54
maxbubble - Why?Whats changed?Its been having turnaround years for the last five years but without the turnaround.
she-ra
10/1/2007
15:38
Think this will be a turnaround year.
maxbubble
21/12/2006
18:28
Here we go again, Instore anounces yet another xmas profit warning, that's four years running now, only difference this time round is they told us before January's trading update.

What more can be said of this truly dire company, just when you think it can't get any worse it inevitably does (how many times have I said this over the years). I think this latest warning definitely proves a point, which is, it doesn't matter who's in charge, the business model is flawed and ultimately the company will fail.

The biggest shock of today was not the profit warning (they've issued something like 6 or 7 in the space of four years!) but the shock of seeing the shareprice miraculously recover from an initial drop of 5p (13p) to finish level! Todays bounceback will be shortlived in my opinion. I think it's highly likely INST will drop to around 10p (possibly lower) in the coming months. The trend is set, it's now just a case of sitting back and watching the mm's slowly walk it down.

Also worth mentioning was this afternoons RNS stating the Central Bank of Norway had taken a 3% stake in the company! I certainly didn't see that coming. I wonder what attracted them to such a beleagured company as Instore?

Oh well, the Instore saga continues.....to get worse. Where will it end?

PS

Neilr, you've been awfully quiet of late. Please tell me you're not still holding after all that's happened. What are your thoughts on the current situation?

wunderbar
21/12/2006
15:04
Instore Holding(s) in Company


RNS Number:4641O
Instore PLC
21 December 2006

The Company was notified on 21 December 2006 that, following a purchase of
shares made on 19 December 2006, the Central Bank of Norway now holds, on behalf
of the Government of Norway, an interest in 6,860,387 ordinary shares of 10p
each in the Company representing 3.00% of the total shares in issue.


This information is provided by RNS
The company news service from the London Stock Exchange
END

iggi
21/12/2006
10:51
lol what a recovery. Need to go back over bal but this co is finished imo. Can't see any future for its business model, management keep failing to turn it around, and the rating is hefty to boot. This is even less likely to survive than isoft imo.

B

beta_adjusted
21/12/2006
09:04
And im sure the January trading ststement wont make for pleasant reading either.Instore is on a downward spiral to nowhere.
she-ra
21/12/2006
08:35
OUCH indeed
mister md
20/12/2006
18:26
Fidelity's holding has certainly been fluctuating of late. Today's RNS means they've dumped 3m shares since 12 December, reducing their holding from 11.01% to 9.74%.
wunderbar
20/12/2006
15:30
Fidelity reducing holding as per today's RNS
mister md
12/12/2006
15:50
"Anyone have any views on why Fidelity keep increasing their stake?"

Presumably they see an opportunity to make money.

neilrr
12/12/2006
15:08
Hi

I have been watching this company for quite some time and monitoring the BB.

Wunderbar has some months ago accurately forecast that it would be below 20p in December.

Anyone have any views on why Fidelity keep increasing their stake?

Any comments appreciated, at worst it will keep the thread active

iggi
28/11/2006
12:50
well forecasted Wunderbar!
mister md
28/11/2006
12:38
Can't disagree with what your saying Wunderbarr perhaps the only saving grace would be the value of the property if any.

downward price collape seems to be the order of the month but at what point is any investment underwritten by assets or bid

keelstow
27/11/2006
18:41
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!

wunderbar
26/10/2006
11:33
This is why he was hired:

"Commenting on the results, Trevor Coates, Chief Executive and Managing Director
of Instore plc, said:

"Significant changes are under way across the business. This has involved
additional costs in the short term, reflecting the clearance of considerable
quantities of excess and aged stocks and the introduction of a number of
restructuring measures. Although these will generate returns over the medium
term, the expected profit outcome for this year is likely to be below current
market expectations.

Our recent trading performance has been encouraging, as we commence the
implementation of a new strategy following a detailed review of the business. I
am confident that the benefits of this programme should begin to show through in
2007" "

neilrr
26/10/2006
10:29
Instore warns of FY below market forecast; reports wider H1 loss UPDATE
(adds detail from statement)
LONDON (AFX) - Instore PLC, the troubled variety store retailer formerly
known as Brown and Jackson, warned profits for the year would be below market
expectations and reported a wider loss for the first half, dragged by charges
related to its stock clearance.
The company said it has cleared nearly 12 mln stg of excess and old stocks
and expects the benefits to show in 2007.
Instore, which runs the Poundstretcher chain of discount stores, said it has
identified key steps to reposition its business and will continue its
restructuring and stock clearance after Christmas.
Pretax loss for the first half was 11.6 mln stg, compared with a loss of 7.3
mln stg a year ago, though first-half sales rose 6.4 pct to 128 mln stg.
Like-for-like sales were up 7.4 pct for the first half and the company said
they had risen 3.8 pct for the first eight weeks of the second half.
It also reported that, excluding one-time items, pretax loss widened to 9.8
mln stg in the first half from 4.0 mln stg a year ago.
Instore ended the first half with net cash of over 11 mln stg.
newsdesk@afxnews.com
faj/slm

COPYRIGHT

chicken
13/10/2006
19:36
Instore tightens up supply chain with Aldata G.O.L.D.
London, 3rd August 2006. Instore plc, a leading UK general merchandise retailer with 320 stores, which trades as Instore and Poundstretcher, has selected G.O.L.D. Supply Chain Management software from Aldata, a leading global supplier of retail software solutions, to support its retail operations throughout the UK.

Instore will deploy G.O.L.D. modules for central data management, warehouse management, order management, replenishment optimisation, store inventory management and automated allocation. The project will start immediately with the warehouse management system planned for implementation in Summer, 2006.

"Instore needs to transform its retail estate while simultaneously improving operational efficiencies across the business. In order to sustain and accelerate this change we need to have reliable information systems that help us achieve this goal in a cost effective manner," said Trevor Coates, CEO of Instore plc.

"Aldata G.O.L.D. is an ideal solution for Instore as it has retail and distribution best-practice built-in and has a simple technical architecture that is easy to manage", said Les Thomas, IT Director at Instore. "We are expecting significant business benefits to flow quickly from this project and we are keen to avoid large scale ERP implementations that could take years."

Mark Croxton, MD of Aldata Solution UK, added, "The Aldata G.O.L.D. software suite is both integrated and modular, allowing for flexibility of implementation. Aldata's implementation methodology allows fast, low-risk and cost-effective implementation by leveraging the skills Instore already has, and introducing a few very experienced consultants when required."

About Instore plc
Instore plc operates a countrywide network of retail outlets, under both the instore and the Poundstretcher brands, providing variety retailing across an extensive range of products, all at exceptional prices.

Instore plc came into being in July 2005, shareholders having agreed to the company's name being changed from Brown & Jackson plc. Brown & Jackson was incorporated in 1983 and was listed on the London Stock Exchange in March 1989. In 1995, Pepkor, South Africa's largest retailer acquired a controlling stake in the company.

In September 2002 the company concluded a major restructuring, with the trading subsidiaries What Everyone Wants, Your More Stores and the Famous Brunswick Shoe Warehouse disposed of, together with retailing interests in Poland.
www.poundstretcher.co.uk

Aldata in brief
Aldata Solution is a leading global supplier of retail software solutions and has a comprehensive range of Supply Chain Management, In-Store and Smart Card products to help retailers manage and fulfil consumer demand. Aldata has professional resources in Europe, America and Asia Pacific, which are supplemented by professionals from its global partner network, to supply software and services. Aldata currently has customers in around 50 countries. Aldata is a public company quoted on the Helsinki Stock Exchange with the identifier ALD1V. More information at: www.aldata-solution.com

pycco
22/8/2006
07:47
All you say is true, that's why the share price is languishing. All the forecast can quickly go out the window with the new man in charge.

Coates has a different mgmt. style and it seems to me a clearer vision than Monro (not difficult, I know).

I think this Xmas we will be pleasantly surprised. He knows how important it is for INST & for him. He'll have had 9 mths in charge & had time to sort out the Dist Centre, product line & other issues facing INST.

neilrr
21/8/2006
21:54
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.

wunderbar
19/8/2006
09:39
CATEGORY: TIPS ROUND-UP SECTOR: GENERAL RETAILERS
Friday tips round-up: Instore, Weir, Homeserve
Fri 18 Aug 2006

LONDON (SHARECAST) - Instore is cheap - valued at just one-quarter of annual sales. Verdict: an out and out punt, but new chief Trevor Coates has an impressive pedigree, says the Times.

neilrr
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older

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