Restore Share Discussion Threads

[cwa1] 06/10/2020 07:29

Modest but positive:-

6 October 2020

Restore plc

("Restore" or the "Company")

Director/PDMR Shareholding

Restore plc (AIM: RST) announces it has been notified that, on 2 October 2020, a person closely associated with Charles Bligh, Chief Executive Officer, purchased a total of 2,551 ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares").

Following these purchases, Mr Bligh and persons closely associated with, holds a beneficial interest in a total of 26,012 Ordinary Shares.

[nw99] 02/10/2020 10:00

Restore has already navigated these perceived headwinds as flexible working has increased aided by the internet and businesses automating with digital systems and processes for reasons of cost and speed. Yet despite that the document management side has grown its sales every year since 2006. In fact, throughout the latest H1, storage income in records management was unaffected and was up 1.5% year-on-year, and although service income initially saw reduced volumes in April as fewer customers requisitioned physical boxes, this has been gradually improving month on month and Restore has increasingly offered a 'scan on demand' service for home workers allowing them to access documents online

[energeticbacker] 02/10/2020 09:22

It all sounds reassuring but Investor's Champion remains unconvinced that document storage in boxes buried underground or in abandoned aircraft hangers, is much of a growth sector. In fairness they are also involved in office relocation and IT recylcing which are marginally more exciting.

More on the Investor's Champion website.

[energeticbacker] 02/10/2020 09:22

It all sounds reassuring but Investor's Champion remains unconvinced that document storage in boxes buried underground or in abandoned aircraft hangers, is much of a growth sector. In fairness they are also involved in office relocation and IT recylcing which are marginally more exciting.

More on the Investor's Champion website.

[18bt] 01/10/2020 11:19

Really positive

[nw99] 01/10/2020 08:28

Great update in these markets

[cwa1] 01/10/2020 07:53

Trading update issued, helpfully entitled: Positive Trading Update :-)

[simon666] 16/9/2020 16:34

Have been mystified about this share for a while. I remember when Jim Slater was alive he strongly rated this share as a long term hold. I bought on that recommendation at around £2.00, then sold half when it got to £5.50. I then sold the remaining stock at £4.35 earlier this year when nerves set in.
It seems to be a forgotten share. Yes,the Covid crisis impacted and they immediately took sensible action cancelling the next dividend to retain cash throughout the summer. It now all looks promising, and yet the price has dropped to £3.25. It did the same much earlier in the year prior to Covid for no reason apart from a thin market, then suddenly shot up again.
I'm very tempted to tip my toes in again on this one

[18bt] 21/5/2020 08:12

Reassuring update. Gathering evidence of companies bringing people back off furlough.

[doubleorquits] 04/5/2020 10:40

Tipped by Midas in Daily Mail:

The Mail on Sunday's Midas column touted data-storage specialist Restore as a 'buy', calling attention to the resilience of its storage division despite the Covid-19 pandemic and strong demand at its IT unit.
Midas also called attention to the company's reputation for trustworthiness.

"When it comes to storing, shredding and digitalising documents, trust is paramount," it said.

"Reassuringly", the firm's chief executive officer and finance director had splashed out ?45,000 of their own money in just the last week scooping up shares in the outfit.

According to Midas, the company might also benefit as it is better positioned than some smaller competitors, which might put themselves up for sale.

It could also count the Ministry of Defence, the Royal Navy and 80% of NHS trusts among its clients.

As well, analysts were predicting a strong recovery in 2021 with the dividend payout seen at 8.5p per share and set to rise again in 2022 and in later years.

[onjohn] 21/4/2020 07:04

Profit warning

[rogers8] 21/1/2020 14:09

Trading update 30th January

[ichitrader] 07/1/2020 14:22

Due a pullback - risen strongly since beginning of Dec. Good top up opportunity if it dips below 500p. Probably. :-)

[ilovefrogs] 07/1/2020 14:16

Anyone know why the stock's off 7% today?

[rogers8] 04/10/2019 12:08

CFO buys 6,000 shares

[sammyshares] 19/8/2019 14:09

Is it a dip

[11_percent] 04/8/2019 21:02

Moving up nicely again.

[11_percent] 27/6/2019 08:46

Rogers8,

I used to hold a lot of these but sild out a few years ago.....during prolonged drop.


What happened to Charlie Skinner.....who is this Charles Biigh guy.

My m8 worked in the records management sector and had his own business, but sold out a few years ago. RT did bid for his company at the time, but did not win.


Talk had it that the "grand plan" for RST was to grow the company through acquisition, and sell it at £5 share price

It was a bunch of City guys that got together and thought of the basic "grand plan". They put Charlie Skinner in charge of it and off they went. These City guys all owned a lot of the shares. The plan worked and they made many acquisitions, and there was never a problem with money for the acquisitions, because of their City links.

Charlie Skinner was famous for his drinking lifestyle (don't know about other substances) and would often arrive in the office in the morning, straight from the Clubs. Did he loose it and become an alcoholic.


The worked well and the share price increased. I considered it a stalwart......in that it would always have a steady increase.

The share price increased with monotonous regularity till the start of 2018, when it then started to decline. I gave up mid 2018....and sold out.

Just started looking at it now.

After "a year in the wilderness" it is back on track, and I back in.

A quick look at the BoD tells me they are still a City Establishment culture company.

I need to do some more research, to find out what went wrong......they seem be back on track...with the share price rising, and I assume that the plan is still to sell at £5, (don't know for sure).

However, it should be noted that the share price got well over the £5 target and was nearly £6 at one point, without them having sold.

The plan was not so much of a "get taken over" as "sell out".


AIOM, DYOR.

[rogers8] 24/6/2019 11:30

RST could be a takeover target like PTSG. High margin sticky FM contracts and a stock price at the low end. RST is now my largest holding. Good luck to all holders

[11_percent] 21/6/2019 14:59

Anybody out there.....