Restore Share Discussion Threads

[cwa1] 07/4/2021 11:32

Thanks, good to see some decent volume. Hopefully any stale volume being taken out

[sphere25] 07/4/2021 10:44

A little stream of buys coming in here, 2.5k blocks being bought causing the price to move. Not many shares available to buy at the moment, price is shifting on nothing volume so we might be in for a take two at a move higher.

Volume yesterday did pick up reasonably well to end up at 1.7m - notable for RST. Always hard to say if the sellers have been cleared, but some interesting exchanges here recently.

All imo
DYOR

12:00 UPDATE

Delayed large prints just hitting the book of 500k, 531k and a 600k - they weren't included in yesterday's already notable volume. All three are from yesterday just after the close, so the actual volume from yesterday (as previously noted on where ADVFN volume is flawed) is 3.3m, barring any further delayed prints.

[sphere25] 06/4/2021 10:44

A couple of decent chunks gone through here with a 250k and a 300k with a total of 706k exchanged so far. Possibly Polar adding again. but clearly someone on the other end who is rather stale here.

Any more big chunks to follow to get the dial moving at some point here?

All imo
DYOR

[sphere25] 26/3/2021 12:56

Appreciate the gesture W1lbur01 :-)

In the interest of clarity, definitely not a tipster.

It is important to stress that none of this is a tip, advice etc and that everybody needs to do their own research and do what works for them. Only post an opinion and that is all that it is, and all that it will ever be. A simple opinion that could be prone to being WRONG too.

I say the same thing to folk close to me, always find what works for you. If you're unsure or it doesn't work for you, don't do it. If you have a go with something (most being shorter trades) and it doesn't work, cut it. Little losses or break even or fish and chips trades where sellers have come in unexpectedly causing some concern will not affect you over the long run.

Having said that, bizarrely it looks like there are scalpers in RST! Some have bought at between 355p and 360p and lobbed at price points which eventually went up to 380p available yesterday, even though the market maker bid hadn't moved from 360p.

Clearly there has been a buyer in the market offering prices well through the bid and plenty have taken advantage.

Odd close yesterday too. The price was up but a rogue 186 shares sell order placed at 360p caused a flat close. You do see these rogue orders distort the price from time to time.

Overall, not alot happening. Just wanted to be clear on that important point.

All imo
DYOR

[w1lbur01] 26/3/2021 08:50

Sphere tipped it

[cwa1] 26/3/2021 08:36

Unusual situation of being able to buy, online, for 372.5p but to SELL at 373.5 :-)

A few small trades and general early interest this morning as well. Wonder if it has been tipped somewhere?

[sphere25] 24/3/2021 15:32

Price currently 361.5p.

Followed up the posts here and taken a bite.

RST isn't like the majority of quicker short term plays. It clearly can be prone to rapid moves once sellers clear, but I'm just wondering if the market has mis-priced the cash flow generation and recovery prospects to a larger degree here.

Already noted buyers in size coming for shares (Polar Capital being one) to clear stale bulls at these prices levels, who have held the price back.

Price looks close to breaking 360p at the moment. A gradual move would be fine, but even if it farted about in a range, the cash generation and management comments backup forthcoming acquisition news, which could cause a more bullish move if the likes of Polar Capital don't bid the shares up in advance.

I guess it's a play on a few different fronts, and seen as the near majority of reports read nowadays aren't showing similar levels of what appears to be value, it adds to pushing the buy button.

Let's see how it goes.

All imo
DYOR

[cwa1] 24/3/2021 12:19

I see both SING and CNKS have moved now. That 300K print was nice to see too. Nice, tight, spread as well. Fingers crossed!

[sphere25] 24/3/2021 11:33

No problem CWA1.

Not lazy, it just means you have a life.

As for erm..."others"...well...

err...

:-)

One market maker has shifted from 360p but still looks like a big seller in the market present - would love to see some whoppers. Unsure who will win this trade tussle between the buyers and sellers, but it caught the eye so something to keep a tabs on.

All imo
DYOR

[cwa1] 24/3/2021 11:10

Interesting to see the Polar announcement which, being the lazy slacker I am, I had missed due to knocking off early. Thanks for flagging it up

[sphere25] 24/3/2021 11:01

300k print at 355p - interesting.

Polar capital disclosed a holding yesterday at 6pm (as you do at that hour) declaring a 5% holding.

Clearly sellers in size here at the moment preventing any breakout above the key 360p, but watching for more notable activity as a possible sign sellers might be clearing.

Any more for any more?

All imo
DYOR

[sphere25] 23/3/2021 10:14

Kept an eye on this one since the results on the 18/03. One of the few companies I had a look at and thought that the market doesn't appeared to have priced in a recovery. Struggling to find value with recent results, even those today. Some look very pricey or at best fully valued.

RST produced resilient results with the cash generation alone this past financial year looking like it could sustain the valuation here:

Market cap @ 360p is £451m
Net cash generated from operations £66.9m vs £71.5m the prior year
Multiple of less than 7

The cash generation clearly showing through well as it has meant the net debt has been chomped into and now down to £22.4m (vs prior amounts of £88.5m and then £66.1m).

With that level of cash generation, surely more acquisitions to follow that could also be the catalyst to cause a more substantial re-rating as they have already made two acquisitions in the high growth technology recycling market since December 2020. They are alluding to some attractive opportunities in the report.

There was also a strong H2 recovery and they are making bullish noises about the future with January and February tracking at 90% of pre-covid levels. They appear to be confident that growth will resume, which the market hasn't got behind at this point in time.

Noted some decent activity here recently, nothing standout. Price is doing nothing at the moment. Valuation is about 30% off the pre-covid levels so clearly alot of apprehension and uncertainty here but is too much risk priced in?

All imo
DYOR

[18bt] 18/3/2021 08:50

Unlike Porsche, this company looks pretty well managed and looks well positioned in the post COVID recovery. If companies are going to down-size their office space, that could generate quite a bit of work. 2021 fwd PER of 15x looks pretty reasonably priced if you think it could grow by a further 15% in 2022. Net borrowing down to c1x EBIT by the end of the year gives room for further add on acquisitions. Wouldn't be surprised if there were further moves into the circular economy as companies further restructure their IT into the cloud post COVID.

[cwa1] 18/3/2021 08:16

OPERATIONAL AND STRATEGIC HIGHLIGHTS

· Strong start to 2020 before a resilient, profitable and cash generative performance in challenging conditions and a strong bounce back in H2

· Highly effective management response to COVID-19 with all businesses fully operational throughout the pandemic

o Restore Records Management continued net box growth of 0.9% with storage income +1.4%

o Restore Digital underlying business strong despite summer exams sessions cancellation

o Restore Datashred impacted in the short term by reduced activity and volumes but paper pricing increased

o Restore Harrow Green performance robust throughout the period with additional office reconfigurations

o Restore Technology acquisition of E-Recycling in Q4, developing scale and capability

· Strategic momentum continues with two further acquisitions in the high growth Technology recycling market completed since December 2020

· Growing pipeline of attractive opportunities capable of further accelerating development

· Strong market positions improved with substantial room to grow; Restore is well positioned for a full recovery and substantial growth

[porsche1945] 17/3/2021 19:14

This share really is a tedious pile of shxt even by U.K. most hated indexes in the world standards.

[thewheeliedealer] 16/3/2021 20:38

Hi all,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast last week and part of our discussion includes RST which I find quite interesting and it could be well worth buying. As always we also chatted about loads of other Stocks and Ideas for research and a fair bit of educational stuff with regards to Investing and Portfolio Management.

Specific topics in this one include the risks of anonymous Twitter Accounts and the devious tricks the ‘owners’ get up to, and we give examples of our own Trades and how we have Scaled in and Scaled out etc.

Anyway, if you use Youtube, Apple, Audioboom, Overcast, Google+ or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 44) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, with the intent being that it is like you are eavesdropping on us having a chat down the local boozer (we can dream !!).

Cheers, WD
@wheeliedealer

[cwa1] 08/3/2021 08:02

8 March 2021

Restore plc

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

Restore Technology acquisition of The Bookyard Ltd

Restore Technology increases capability in the recycling of Apple products

Restore plc (AIM: RST), the UK market leading document management, commercial relocation and IT recycling business, is pleased to announce that it has acquired 100% of the share capital of The Bookyard Ltd ("The Bookyard"), a leading Apple recycling and spare parts business based in Liverpool, UK.

The Bookyard has grown over the last 15 years to be a leading parts supplier, repair centre and website for refurbished Apple products. The Bookyard also operates two market-leading eCommerce sites, www.mac2cash.com and www.click4mac.com which respectively, offer trade-in and recycle options for Apple products throughout the UK. The acquisition of The Bookyard further strengthens Restore Technology's capability in the growing recycling market for Apple products with businesses.

Apple laptops and PCs represent around 10% of the technology market and this is expected to grow further in the future. This acquisition is an important step in extending the scale, brand awareness and repair and refurbishment expertise at Restore Technology. With unique technology and expertise built over many years, The Bookyard will further improve the Company's momentum with Apple Laptop/PC recycling. The Bookyard is a well invested, profitable and cash generative business and is expected to generate revenues of approximately GBP1.2m per annum.

This acquisition represents another milestone in Restore's strategy for growth via organic expansion, strategic acquisition and margin improvement through synergies and efficiency gains, as outlined in our Capital Markets Day in November 2020.

Charles Bligh, CEO, commented on the acquisition:

"The Bookyard has been on our radar for some time and we are delighted that Nick Gillard and his whole team will be joining Restore Technology. We have achieved considerable growth in our Apple products line over the last few years but the significant brand awareness and expertise that The Bookyard will bring will deliver increasing momentum to Restore Technology in the all-important Apple recycling market."

[porsche1945] 18/2/2021 13:29

Sudden drop, any reason?

[lenzcrafter] 16/2/2021 13:06

Sudden jump. Any decent reason for this today? Not that I'm complaining.

[cwa1] 16/2/2021 11:53

Thanks for flagging that Tole, hopefully the last of the seller as you say. Will be interesting to see what effect this has...

[tole] 16/2/2021 09:43

Last of the seller 765500 sold at 325.

[18bt] 12/2/2021 07:40

I wondering whether Restore might be a long term winner from the change in company's office requirements. There's going to be quite a number who move office in the next few years as they downsize and regionalise office requirements. That always leads to a big clear out of paper of archiving and lots of stuff for secure destruction. That could be quite a lot of incrementatl demand coming in over a 2-3 year period. At least two of the 4 groups I am involved with are going to downsize in London and the South East and one other will move to completely hot desks with little storage, which will require a clear out (and different office furniture). Musing at the moment, but I like companies with secular trends in their favour.

[tole] 11/2/2021 14:07

Bought a few back in here. I had it down as a small retrace gap fill at the 330 level.