Instore Share Discussion Threads

[801710245] 07/11/2007 16:58

All buys today - not a single share sold (except by the MMs!).

Onwards and upwards.

Jim

[storyboy] 07/11/2007 16:54

Well... We shall see 6 months from now......

[she-ra] 07/11/2007 13:00

Storyboy - "mainly because of the new CEO who I know is very, very keen"

Arent all CEO's usually very keen. With regards to Instore theyve all been keen before but the fact is Instore is a pointless business that cant make a profit and is only of use to pump and dump cons on the stock market a la Instore takeover Woolworths story last year, kind.

[storyboy] 26/10/2007 17:38

Joined the club today and bought a small holding,

mainly because of the new CEO who I know is very, very keen

to turn this business around.....

[myamay16] 26/10/2007 11:23

Quiet all morning,then at 11:20, 6 trades within 20 seconds?

[myamay16] 25/10/2007 14:32

but the share price dropping each day.

[801710245] 25/10/2007 12:29

Few decent buys...

[she-ra] 19/10/2007 16:15

It aint profitable.Has only made a profit once in the last six years.Economic downturn will hit Instore despite the fact they are a budget retailer as there are better more competitive competitors in a growing but already crowded market.I dont hold out any hope for this company turning in a profit in the near future.
The press may talk it up but thats not a reason to invest in a company that cant make a profit.

[801710245] 19/10/2007 14:25

A few nibbling...

...followed by a shake?

[bletherer] 19/10/2007 12:56

I'll be interested to see how much of the initial rally it holds onto into the close. 11p was the 50 MA so not surprising it backed off from there initially. Reasonable chances of a "bear market rally" here, I reckon - with a target of the 200 MA and lateral resistance, or around 16-18p. The stock has had periodic bounces throughout its long decline, and the TS today might well be considered "less bad enough" to spark another.

[she-ra] 19/10/2007 12:32

Cash has halved,still making significant losses,still working out what they want to be - "cautiously confident" - im not!

[801710245] 19/10/2007 08:56

Don't believe those 2 x 50K trades were 'sells'. Had my finger hovering on the 'buy' button 20 mins ago, at 9.73. Wish I'd taken the plunge now.

[primrose] 19/10/2007 08:43

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)

[grollfam] 17/10/2007 07:08

TDH - Tradehold - Trading Update
Tradehold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1970/009054/06)
JSE code: TDH
ISIN: ZAE000026902
("Tradehold" or "the company")
TRADING UPDATE
Shareholders are advised as follows:
the company`s headline loss per share for the six-month period ended 31
August 2007 is expected to reduce to 9,7 cents, compared to the loss of
22,2 cents per share in respect of the period ended 31 August 2006; and
the company`s basic loss per share for the six-month period ended 31 August
2007 is expected to increase to 43,9 cents, compared to the loss of 18,5
cents per share in respect of the period ended 31 August 2006.
The financial information for the six months ended 31 August 2007 contained
in this Trading Update has not been reviewed and/or reported on by the
company`s auditors. It is anticipated that the interim results for the
six months ended 31 August 2007 will be published on or about 19 October
2007.
Cape Town
16 October 2007
Sponsor
Barnard Jacobs Mellet Corporate Finance (Pty) Ltd
Date: 15/10/2007 17:13:01 Produced by the JSE SENS

TRADEHOLD OWNS 34.81% OF INSTORE.

[colonel a] 16/10/2007 10:23

This is clearly a distressed business, but it is priced accordingly.

I don't think Mr. Tayub bought at 14.64 per share {I know literally he did} he bought 1/3 of the company for X million.
He can't buy any more shares without going for the lot.
To buy the lot he needs a deal with Tradegro who sold him the original block.

He must have some sort of understanding with them ?
I don't think it will be, "we'll sell you 1/3, you sort out the business and then well give you the rest".

[wunderbar] 14/10/2007 22:19

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!

[bletherer] 12/10/2007 15:35

She-ra, that could happen but it's just speculation on your part. Meanwhile trading volume today is now over 1M, first time since early in the year. This is definitely looking like a significant day, so I'll be interested to see at what level it settles out.

[she-ra] 12/10/2007 15:16

bletherer - "I may be clutching at straws"
I think you are.I dont think there is much of an attempt going on to turn round Instore (yet).I think that will be done after some sort of bad news leading to a very marginal premium takeover or a decision to delist and force shareholders to sell their shares off the LSE a la Monstermob.I could be wrong but I dont think good news is around the corner.

[bletherer] 12/10/2007 15:02

I may be clutching at straws here but the price action looks a bit more interesting today - much heavier volume and definite two-way trading, as opposed to the relentless drip-drip falls. There is some hope it's a "liquidation" day, but for that to be plausible we'd have to see the price close near the opening levels to produce a nice "hammer" candlestick. Something over 8p would be good enough.

[she-ra] 12/10/2007 14:55

I think a delisting attempt will be made.Its become fashionable as it is a good way to get a company on the cheap and totally shafts minority shareholders.

[callumross] 12/10/2007 13:17

and the company is barely trading above the net cash of £12m in the balance sheet at the last accounts - £280m of turnover (albeit lossmaking) for £4m!!

[colonel a] 12/10/2007 12:33

I bought a few {too soon of course} on the basis that if Mr. Tayub paid 14.64p he must think they are worth more that that.
And he's no amateur.

Since when the news from the company has been reasonable - a quick recovery was never likely.
Results are due in a week or so which should throw some light on things.

[jaykaytee] 12/10/2007 12:26

A rise of 1/2p yesterday, and then a big fall of 1.5p today!
Wonder at what price this will bottom out...

[iggi] 30/9/2007 15:46

Whatever is going on it ctainly doesn't seem to be stopping them expanding, in an approx 7 mile radius from what was our main store they have opened another 4 in the past 18months with more planned for the coming year. All of these are on retail parks and interestngly nearly all go by the name of 'Poundstretcher' not like the original which was changed to Instore about 2 years ago, big mistake in my opinion.

I visited the original one on Sat - it looked a complete mess, it was too full; really untidy - boxes everywhere on the floor; the isles were either full of boxes or sweets or some other merchandise stand; cheap looking and not a lot of variety. I commentated to a member of staff I recognised about it, she said the warehouse was bulging to the extent it was a Health & Safety hazard and also so full they can't get in properly to find the goods they need to put out.
I remember they put the isles in a laminate colour when they did the refurb to Instore they were to accomodate disabled people as well as make the store more attractive - I don't know how anyone in a wheelchair would have managed to get to the till to pay on Sat as one isle had been converted into two very narrow ones using merchandise stands!!

By now they usually have Xmas paper and cards arriving but I ony saw a few rolls of Disney wrapping. They seemed to have the same standard of household goods; Clothes were mostly nightwear and underwear (didn't look inviting - plus would have been like an assault course over the half empty boxes to view anything) Noticed there was loads of food but didn't stop to look at it as I was after afew Xmas bagains early.

They have had a new manager recently so maybe it is just this store that looks upsidedown, will try another store maybe next week
BTW - Still managed to spend £21

[libbyb] 26/9/2007 01:19

Our takings are up on last years takings, so the food side of things seems to have pushed up the sales. The problem with this though is, the food being put out does not have a great shelf length so if it is not being sold and it goes out of date then it has to be written of, so turn it round and that is a loss for the company.

About one and a half year ago we stopped selling personal toiletries but they are now back on the shelves so this is also adding to the sales, don't know why they stopped selling the personal toiletries as they have always been good sellers.

They should do away with the clothing side of the business, in my opinion some of it is not to bad and quiet cheap, although a lot of the clothing is actually garbage, we actually get more stolen than sold. The staff have told them in HQ but they don't want to seem to listen.

Poundstretcher/Instore have always been an easy target for shoplifters, one of the biggest shops in Edinburgh has just done a stock take on 18th Sep and the results came back at 3.something % this worked out about £30,000-£35,000 stock loss, bearing in mind we have 9 stores in Edinburgh, so tally that up for a year in 1 region.

The staff at the shops in Edinburgh don't feel to confident about the future of the company, we will just have to wait and see what happens after this Christmas, if there is a warning, Peter Burdon will get 1 more year then like the CEO before him he will leave before he is shoved.

I would say, personally his ideas that he has suggested so far seem to be pretty good.

Regards

Libbyb