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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Restore Plc | RST | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.50 | 0.57% | 262.50 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 262.50 | 262.50 | 262.50 | 262.50 | 261.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 21/11/2024 07:24 by edmonda "Management actions driving profit growth"Link to research note: Restore’s ten-month trading update reiterates profit expectations for both FY24 and FY25. Excellent progress is being made in delivering cost savings and driving profit margins, a clear priority for this management team. This has offset some market softness around the Autumn Budget as well as a £3m headwind for FY25 relating to increases in employer National Insurance Contributions and the National Living Wage. Absent these changes, we believe Restore would have been primed for an earnings upgrade looking into next year. A recent investor site visit provided a reminder of Restore’s quality, as well as medium term growth ambitions. In our view, this is not yet reflected in an FY25 P/E rating of <14x. We reiterate our 400p Fair Value estimate with confidence in the Group's growth trajectory. |
Posted at 28/10/2024 07:46 by edmonda "Site visit highlights cultural change, focus on growth"Restore held a well-attended investor and analyst site visit last week near Doncaster, taking in the new Markham Vale Records Management facility and a state-of-the-art Datashred facility at South Kirkby. The tours were hosted by local management and followed up by presentations from the Restore executive team. No new financial information was disclosed, but the visit did provide a clear link between the previously stated Group growth and margin targets and the actions being taken at divisional level, with greater autonomy, to deliver against these stretching targets. FY24 is important as a first step in the medium-term profit recovery story. We are forecasting double-digit profit growth, following a challenging FY23. In our view, Restore’s share price does not yet reflect recent progress under the new management team or the upside potential of medium-term targets. We reiterate our 400p Fair Value estimate and look forward to a further update on progress in a scheduled trading update on 21st November. New note here: |
Posted at 19/11/2015 21:25 by mfhmfh This is my first post so don't shoot me down. Just wondering (as a novice investor), when there's a share placing at 260p on the 8th December, does thst definitely mean the share price will fall yo that level? |
Posted at 20/3/2015 17:24 by gargleblaster Temporary setback imv. The share price had got a bit ahead of itself - the rating a little rich. No investors like to see a downturn, but this could easily turn on a sixpence and start marching upward again. Good business so I am definitely sitting tight. |
Posted at 06/1/2014 09:02 by cheaky monkey Nice start today. New 5 yr high:-)Just wait till news arrives & we should attract new investors!!GLA |
Posted at 12/9/2013 20:00 by riggerbeautz Skinner once told me he wasn't interested in creating investor noise in so many words, if he got the performance right the share price would speak for itself, he was bang on, i've always liked his style.Just follow the trend. |
Posted at 28/2/2012 09:16 by hjfe There is also a write-up from 13th Feb in Investors Chronicle - I cannot access it as I don't subscribe: |
Posted at 27/2/2012 18:09 by hjfe Interestingly, it states that the placement has been taken up by qualified investors, including existing shareholders. Ashcroft / Geraldton, perhaps?The identity and percentage holding of significant shareholders as at 06.09.11: Geraldton Services Inc 57.7%, Legal & General 16%, Hargreave Hale Limited 6% |
Posted at 30/10/2011 16:36 by hjfe Interesting article:Getting the right mix Liquidity is a particularly pressing issue for AIM-quoted and small caps. Now there's help available to attract a wider investor base. By Marc Mullen. For small-cap companies, a lack of liquidity in their shares is a perennial problem, making it difficult to get to a realistic value for the business. A share liquidity problem presents something of a Catch-22 situation. An investor who sees poor liquidity on the way in will have at the back of his mind that it may be the case when he needs to find a way back out, and so passes on the investment. Simon Courtenay, executive director at Broker Profile, an investor relations company, says: 'Following the credit crunch, a lot of investors were left long in small-cap companies with no liquidity, they couldn't get out and the prices just plummeted. These institutional investors moved into larger company stocks with daily liquidity allowing them to trade their way out of a position.' Earlier this year, Broker Profile launched a specialist unit to develop liquidity for AIM-quoted and smaller quoted plcs. Communications agency Redleaf Polhill has set up a similar team. The success conundrum The Broker Profile unit introduces smaller cap companies to private-client fund managers (PCFMs). The aim is to bridge the gap between retail investors buying very small share volumes and institutional investors looking for far larger volumes, which simply may not be available. Perversely, the more successful the small cap, and the more alluring its narrative for the future, the less likely significant volumes of shares are to become available. PCFMs will look for lower, but still significant, volumes. 'A lot of PCFMs are looking at smaller, sensibly managed companies with robust balance sheets, which are paying decent dividends as well,' says Courtenay. 'Their funds under management have grown dramatically, and for our small-cap clients this is a new source of funds for investment.' Charles Skinner was appointed chief executive of AIM-quoted records management business Restore plc two years ago. Having spent his first year getting the business on track, he this year presented Restore's narrative to PCFMs around the country. 'In a fairly illiquid stock, actually having people coming in for £5,000- £10,000 of shares is as important in setting the price as is what the institutions think,' says Skinner. 'The more people who know the story and are interested in the stock, the fairer the share price is. Even if you are not looking to make an acquisition, it is good to know the appropriate value of your business.' In November last year, Restore placed £4.5m of shares. Following presentations this year, two PCFMs have bought shares in Restore and two have put the business on their watch list. 'If you have a narrative, decent earnings visibility and don't feel enough people know about it, then I think it is very good to fill the range between the institutions and private investors,' says Skinner. Marc Mullen is acting editor of Corporate Financier. This article first appeared in Corporate Financier, magazine of the ICAEW Corporate Finance Faculty in October 2011. |
Posted at 04/1/2011 12:03 by fo77y Woohoo !! Now in profit. Riggers i think that the credibility of restore is increasing daily. Now that investors are realising that this marks the start of a new dawn for us, we'll start to see larger investors ("the big boys"), starting to take up positions in restore. I belive 2011 will see the mgt of restore establishing the company firmly on the rung of the PR ladder, and we could well see some larger orders taking shape this year. I am loving the gradual rise, in part played by the stock being held by long term investors like ourselves, but also down to the fact that trading/revenue/prof Can't wait for the results, but i expect we'll have a trading update before then. PS: HJFe, i see we have some new flags added to the counter, even one i don't seem to able to recognise :-) |
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