Restore Share Discussion Threads

[tole] 23/5/2021 07:28

https://www.google.co.uk/amp/s/moneyweek.com/investments/stocks-and-shares/share-tips/603266/share-tips-of-the-week%3fampRestore(The Daily Telegraph) Document management and data specialist Restore "stayed in the black in 2020" and its "sound finances" mean it is "well placed to see through even a bumpy recovery". A high price/earnings ratio "does not entice", but the "efficient integration" of information-management firm EDM and a possible uptick in IT recycling, shredding and office removals as companies reassess their need for office space should give profits a boost. 402p

[cwa1] 11/5/2021 08:25

Questor(Telegraph) share tip this morning...



I don't have access, so if anyone can fill in the blanks please feel free :-)

[cwa1] 10/5/2021 14:29

400p on the bid. I suppose that has to be counted as progress, albeit modest...

[cwa1] 04/5/2021 16:41

Modest director purchase:-

4 May 2021

Restore plc

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

Director/PDMR Shareholding

Restore plc (AIM: RST), announces it has been notified that on 30 April 2021, a person closely associated with Charles Bligh, Chief Executive Officer, purchased a total of 2,217 ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares").

Following this transaction, Mr Bligh and persons closely associated with, holds a beneficial interest in a total of 31,379 Ordinary Shares.

[cwa1] 30/4/2021 15:51

Market seems to be reasonably content with it...

[cwa1] 30/4/2021 15:50

Restore plc (AIM: RST), a leading UK provider of integrated information and data management services, secure technology recycling and commercial relocation solutions, is pleased to announce the successful completion of the placing announced today by the Company (the "Placing").

A total of 10,958,904 new ordinary shares of 5 pence each in the Company (the "Placing Shares"), representing approximately 8.7 per cent. of the existing issued share capital of the Company, have been placed by Peel Hunt LLP ("Peel Hunt") at a price of 365 pence per Placing Share, raising gross proceeds of approximately GBP40 million. The placing price of 365 pence per Placing Share represents a discount of 5.2 per cent. to the closing price of 385 pence on 29 April 2021.

[sphere25] 30/4/2021 14:17

Mixed feelings here though not overly strong. On one hand, diluting at non-recovery prices when it is evident to see Invesco and Polar Capital have been coming in for shares in size, the price has been making more bullish moves, price held back by the psychological 400p mark and trading (as shown today) continuing to recover.

Ultimately, the above actions would have been enough to clear stale bulls at non-recovery levels and and move nicely through 400p imo, particularly in light of how other lagging shares have eventually moved in this market.

RST did £57.4m EBITDA in 2020 vs £70.0m pre-covid so the EDM recovery EBITDA of around £6.3m isn't massively significant, even if 74% of EDM revenue is from digital solutions and doubles the size of Restore's existing Digital business.

Not a fan of companies diluting at non-recovery levels when it is clear to see progress to recovery levels on fundamentals is being made, but on the flip side it is only 8.7% dilutive with the multiple for EDM expected to fall to approximately 7.5x so not a million miles out of line with RST.

Clearly RST management believe it was strategically important enough to do immediately (without letting the share price recover) as well as going forward, so we'll give them the benefit of the doubt.

All looks very much as you were then (price has barely moved -1.3% at 380p) with digital coming slightly more to the fore.

All imo
DYOR

[cwa1] 30/4/2021 07:43

Biggish acquisition funded by a placing announced:-



Almost 11,000,000 shares at 365p are hoping to be placed

On the acquisition:-

-- The Acquisition is expected to be immediately accretive to underlying EPS in the current financial year ending 31 December 2021 ("FY21"), both pre and post the effects of the Placing

Some trading comment:-

Highlights

-- Following the initial impact of COVID-19 in the first half of 2020, the Group has demonstrated a strong recovery and is focused on accelerating momentum against its stated strategy for growth via organic expansion, strategic acquisition and margin improvement through synergies and efficiency gains

o Trading for Q1 2021 saw a continuation of the strong recovery momentum towards pre-COVID revenue levels, and the Board is confident in the Group's prospects in both the short and longer term

o Full-year trading expectations remain unchanged before taking account of the effects of the Acquisition

[cwa1] 20/4/2021 07:27

Acquisition(my bold)...

20 April 2021

Restore plc

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

Acquisition of 1 Big Data Management Ltd

Restore acquisition of a leading local Records Management business

Restore plc (AIM: RST), the UK's leading provider of integrated information and data management services, secure technology recycling, and commercial relocation solutions, is pleased to announce that it has acquired 100% of the share capital of Big Data Management Ltd ("1 Big Data"), a leading high quality records management business based in Tilbury, London.

Established in 1994, 1 Big Data has been securely managing corporate clients' records for over 25 years and is recognised as one of the highest quality operators in the south east of England. The business is expected to bring in revenues of approximately GBP600k per annum from its 160,000 boxes.

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

Charles Bligh, CEO, commented on the acquisition:

"With our growing confidence in the performance of Restore, we have reactivated many conversations with companies aligned to our growth strategy over the last six months and I am delighted we have agreed this acquisition in the Records Management business as it brings over 160,000 additional boxes to the Group. 1 Big Data has a great team and a first-class reputation for service and we intend to continue the good work with its customers, whom we welcome to Restore."

[cwa1] 16/4/2021 10:15

Invesco increase(small) in holding announced

[sphere25] 12/4/2021 14:49

400p being paid now and there continues to be very few shares available to buy. Don't want to get too bullish, but those delayed exchanges mentioned above MIGHT have been the ones to break the camels back at the price points the share has traded in for months.

Are the market makers going to find a seller at the psychological 400p mark or is it going straight through?

All imo
DYOR

[cwa1] 09/4/2021 07:11

Invesco increasing nicely...

[cwa1] 07/4/2021 12:32

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

[sphere25] 07/4/2021 11:44

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 11:44

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