Restore Share Discussion Threads

[porsche1945] 10/2/2021 09:44

Decent trading stock, buying around 3.30 or lower and selling out each time get a 20pc uplift. It’s listed in basket case U.K. so its never going to do anything stellar but ok for a turn. UK heading for hardcore brexit covid recession which may well hit them too.

[cwa1] 02/2/2021 08:01

Invesco increasing:-

[lenzcrafter] 31/1/2021 22:23

Looks like a good solid share to me. I will be watching from the side lines to start with.

[cwa1] 29/1/2021 08:16

Reasonably upbeat update this morning(though it doesn't appear anyone is interested ;-)):-



Charles Bligh, CEO, commented:

"We started 2020 very strongly and after COVID-19 impacted activity, we quickly shifted the business to focus on three priorities - Customers, Staff and The Bounceback. The entire team worked incredibly hard and I am delighted that over the year customer satisfaction increased across all business units based on surveys and direct customer feedback. As a result, we believe customer churn will be very low and loyalty driving new business will be strong. Staff wellbeing and safety was a top priority and based on the annual employee survey in November we experienced a significant 10% increase in staff engagement. Throughout the year we continued to prioritise decisions based on ensuring that we recover strongly, and we can see these strong green shoots in the H2 results which underpin our confidence for 2021.

We achieved a very strong financial result, in line and in some cases above market expectations, and I am especially pleased that we continued to improve the financial strength of the company with lower net debt over the year. With this strength and our disciplined growth strategy we will remain at the forefront of shaping our markets in the coming years and will deliver a substantial increase in profits and shareholder value."

[tday] 14/1/2021 14:32

I'm all ears.

[cwa1] 13/1/2021 08:57

Took a few more at almost 385 this morning. Intended as a medium/longer term investment. We'll see how it goes, good fortune all.

PS: Anyone else interested here, or am I chatting to myself? ;-)

[cwa1] 12/1/2021 07:34

Interesting but would be helpful if we could be nice if we could get a handle on the cost:-

12 January 2021

Restore plc

("Restore" or the "Group" or "Company")

Restore Technology acquisition of Computer Disposals Ltd

Restore Technology becomes the number one IT recycling business in the UK

Restore plc (AIM: RST), the UK market leading document management, commercial relocation and IT recycling business, is pleased to announce that it acquired 100% of the share capital of Computer Disposals Ltd ("CDL"), a leading IT recycling and asset disposition (ITAD) business based in Runcorn, UK, on 8 January 2021.

Following this acquisition, Restore Technology becomes the number one IT recycling business in the UK market which is large, growing and heavily fragmented. The addition of CDL, together with the Group's acquisition of E-Recycling Limited, previously announced on 2 November 2020, further improves Restore's network coverage, scale and potential for synergy.

This acquisition represents another milestone in Restore's strategy for growth outlined in the Capital Markets Day in November 2020. Restore's strategy is to grow earnings through organic expansion, strategic acquisition and margin improvement through synergies and efficiency gains.

CDL operates from a state-of-the-art facility in Runcorn, Cheshire. This additional facility will provide further capacity for Restore's operations in the North West of England and complements Restore Technology's existing sites in Birmingham, Bedford, Bristol, Portsmouth and Dunsfold.

CDL has an extensive UK wide customer base and operates through both direct relationships and the IT Reseller channel, which represents a key strategic growth area for the business. Key management and over 80 staff will remain in the business which will be integrated into Restore Technology during 2021. CDL is a well invested, highly profitable and cash generative business and is expected to generate revenues of approximately GBP8m and EBIT of more than GBP2m per annum in the medium term.

Charles Bligh, CEO, commented on the acquisition:

"CDL is one of the most respected operators in the market and after several years of discussions we are delighted that they have decided to become part of our fast-growing company. Restore Technology is now comfortably the UK market leader in the recycling of IT assets and with the addition of a major new site in the North West, we have increased our scale and created greater opportunity to grow, both organically and with additional acquisitions in the future."

[cwa1] 16/11/2020 07:51

Not big news but hopefully worth a mention:-

Sustainability industry award win





Restore plc (AIM: RST), the UK market leading document management, commercial relocation and IT recycling business, is pleased to announce that the Group's Datashred business unit has won 'Paper Recycling Business of the Year' at the prestigious Awards for Excellence in Recycling and Waste Management 2020.



The award highlights that Datashred's UK-wide, sector-leading customer service (as per Trustpilot), combined with the communications and detailed reporting, which allows its customers to manage their own sustainability and environmental footprint, have positioned the Group as the best in the sector.



Charles Bligh, CEO, commented:

"I am delighted we have won this prestigious industry award. It highlights the scale and efficiency of Datashred, and the quality of the service we deliver for customers every day. Restore's commitment to sustainability is at the heart of what we do, and it's fantastic to see this recognised by those at the forefront of the UK's recycling industry."

[nw99] 12/11/2020 07:16

Bullish update

[cwa1] 02/11/2020 08:03

Sounds like a sensible enough bolt on acquisition:-

2 November 2020

Restore plc

("Restore" or the "Group" or "Company")

Restore Technology acquisition of E Recycling Limited

Restore plc (AIM: RST), the UK market leading document management, commercial relocation and IT recycling business, is pleased to announce that it acquired 100% of the share capital of E Recycling Limited ("Euro Recycling"), a high security IT Asset Destruction (ITAD) business based in Bristol, UK, on 30(th) October 2020.

Restore Technology, one of Restore's more recently developed business units, has grown rapidly to become one of the largest IT recycling and asset disposal businesses in the UK. The addition of Euro Recycling will enhance further the Group's strong position in this rapidly growing market and will provide increased access to a number of strategic sales channels and strengthen Restore's national coverage for high security asset destruction.

Euro Recycling has a strong mix of strategic IT channel partner relationships and direct to customer contracts and the acquisition is in line with the strategy to grow Restore Technology through evolution of product capability, channel partnerships and provision of consistent and high quality national coverage.

Key management and all the 26 staff are remaining with the business. Euro Recycling is a profitable business and is expected to generate revenues of approximately GBP2.5m per annum. By bringing Euro Recycling into the Group's market leading ITAD platform, the Board sees significant opportunity to accelerate growth.

Charles Bligh, CEO, commented on the acquisition:

"I am delighted with the acquisition of Euro Recycling which complements our existing capabilities in the growing high security IT destruction market. I welcome the team to Restore and with this continuity we will ensure there is a seamless transition for existing customers. Restore Technology is a significant growth driver for the Group, and we look forward to further expansion both organically and with additional acquisitions in the future."

[cwa1] 30/10/2020 07:37

That is certainly quite a substantial increase by Invesco. Wonder from whom they came?

[nw99] 30/10/2020 07:03

Invesco doubled stake

[cwa1] 06/10/2020 06:29

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 09:00

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 08:22

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 08:22

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 10:19

Really positive

[nw99] 01/10/2020 07:28

Great update in these markets

[cwa1] 01/10/2020 06:53

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

[simon666] 16/9/2020 15:34

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 07:12

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

[doubleorquits] 04/5/2020 09:40

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 06:04

Profit warning