Restore Share Discussion Threads

[riggerbeautz] 14/4/2011 16:19

Well one decent buy at 53p today, just wonder if the little trades are being absorbed for the larger buys now. Might have been a little wait but Charles Skinner is slowly proving a top captain of this ship.

[horace678] 14/4/2011 11:45

Yes, as I was just saying on one of the other forums, the share price is approaching 1p in the old money, but once upon a time, Mavinwood was more like 10p-15p in that money. IPEL dropped as low as 26p before its re-ascent back to much higher - on this model, maybe RST has multiples to increase by.

[riggerbeautz] 14/4/2011 11:37

Steady, these little daily rises are getting boring now. Think this is the 6th straight up day, so a pause tomorrow would be good; then we might go again next week. This has so rewarded me now, might take some off for trading a dip soon as we always get them, but it really does have all the hallmarks of following IPEL's success.

[masurenguy] 14/4/2011 10:27

Upward momentum continuing on a small but consistent buying volume. At the current midprice of 47.25p the shareprice is up by 45% over the past month and someone has just paid a premium for 10,200 shares @49p.

[riggerbeautz] 13/4/2011 22:32

This must be one of the quietest climbers out there, 2 days of gains following latest acquisition and so little interest here. Well i'm loving this. Patience paying off big time.

[riggerbeautz] 11/4/2011 17:18

SO in a very simplistic view you could also say RST paid £500k for a tangible asset of £363k. Wonder how much extra margin being in RST's stable could help generate that business too?

Slow and steady winning the day here.

[fo77y] 11/4/2011 13:02

Yup, yet another step forward, another cheap acquisition that diversifies the product/services Restore now offers.

Looks better on each and every RNS released and it's not very often you can say that.

[masurenguy] 11/4/2011 11:58

Could be a very interesting and synergetic move into office relocations !

Restore PLC
Acquisition
RNS Number : 6542E
Restore PLC
11 April 2011

Acquisition of the Business and Assets of Sargents Logistics Ltd and Sargents Archive Ltd

Restore is pleased to announce the acquisition of the business and certain assets of Sargents Logistics Ltd and Sargents Archive Limited (together "Sargents") from Administration. Sargents is a records management and office relocation business, based in Belvedere in South-East London. The acquisition will increase the size of Restore's document storage division as well as moving the Company into the office relocations market.

Sargents was founded in 1989 and provides a single integrated service for the relocation and storage needs of businesses predominantly in London. It currently employs 65 staff. The consideration was £500,000 funded from existing banking facilities. In the year to 31 August 2010 Sargents made an unaudited operating profit of £324,000 on turnover of £5,993,000. The unaudited value at 31st August 2010 of the tangible assets being acquired was £363,000.

Commenting on the acquisition, Charles Skinner, Chief Executive of Restore. said: "This acquisition continues our strategy of growing our business both organically and by acquisitions that fit with our existing businesses. Sargents has steady document storage revenues. It also provides us with an entry into the office relocation business which is a logical extension of our document storage business. It requires broadly similar skills and has an identical channel to market. This acquisition continues our strategy to grow the business. Restore is a financially secure, stable company with excellent growth prospects".

[riggerbeautz] 04/4/2011 21:04

Gone quiet again round here, found a blogger mentioning RST

[hjfe] 25/3/2011 12:59

Good volume again today - over 100k traded on PLUS (mostly in chunks of 11k shares). Seems to be consolidating nicely at this level before the next move......

o/t - I'm also in MWA - took a position a few days ago. Things could get interesting there too, but let's keep it to Restore here.....

[fo77y] 25/3/2011 09:56

Yep, he's like an annoying stench that just won't go away. Soon as he does, Co's in ZIM should become an interesting play.

[riggerbeautz] 25/3/2011 09:18

Maybe we will get a few write ups in the next week or so, inc the share mags

o/t pressed the button yesterday myself. Ridden MWA with a decent stake before from the 5p days, along with other ZIM plays such as New Dawn. But old bob has a habit of putting a dampener on things.

[fo77y] 25/3/2011 09:01

3 buys this morning, all in chunks of 11579.

Strange number but suppose it shows people are accumulating.

PS: i also have MWA on my watchlist, but have been "watching" for over a year now. Just can't decide when to get some.

[madghaffi] 24/3/2011 10:42

O/T yes MWA best to buy when it's on sale

[riggerbeautz] 24/3/2011 08:49

Thought I recognised you, being nicely walked down there and has been for sometime. Keeping an eye on that one it could surprise a few.

Apologies o/t to others.

[madghaffi] 24/3/2011 08:46

funnily enough yes

[riggerbeautz] 24/3/2011 08:36

Personally I have little time for RHPS, Bulford even less following his RRL calls, but RHPS and the like always bring a few of the herd in.

o/t do you follow MWA?

[madghaffi] 24/3/2011 08:30

Bulford usually does a 'soft' 'heads up' on stocks in his free Penny Sleuth email and then if the story warrants it he'll do a 'hard' pitch in the subscription RHPS

i think the RST story may warrant a full write up so it could definitely come into focus and the chart speaks volumes

[riggerbeautz] 24/3/2011 08:21

Tom Bul did a bit of ramping last year, but his legion disappeared, presumably not hot enough for the penny chasers.

[masurenguy] 24/3/2011 08:17

Nice find madghaffi !

[madghaffi] 23/3/2011 22:56

an old article from Tom Bulford of RHPS on Restore RST (formerly called Mavinwood)



Another man who has walked the walk is Charles Skinner. He was responsible for the success of tool hire group Brandon Hire, which netted Red Hot Penny Shares readers a 93% gain back in 2007.

In an object lesson in the benefits of timing, Skinner sold Brandon Hire to Wolseley in the summer of 2007. He then had a dalliance with the disaster area otherwise known as Johnson Service Group (ticker: JSG), and is now chief executive of Mavinwood (ticker: MVW). Why this businessman is a Red Hot investor's best friend

Bright and self-confident, Skinner would be at home in the marble halls of the City or Whitehall, but instead has chosen to get his hands dirty in industry.

Skinner began the transformation of Mavinwood by shifting the office from smart St James Square to a cramped space behind Marble Arch. It was a move designed not only to save money, but also to make the troops sit up and take notice.

Having taken several other measures to rescue a business that ran up losses of £45m in the space of just two years, he is now enthusiastic about its prospects.

Eagle-eyed penny share watchers would have seen that both Skinner and Mavinwood's chairman, Sir William Wells, bought over 3m shares in Mavinwood recently. While you may be tempted to join them, first hear a word of warning.

Eighty-seven percent of the shares of this £8m company are owned by Geraldton, a vehicle of Conservative Party deputy chairman Michael Ashcroft. This arrangement has limited the trading liquidity of the shares. And note also that a forthcoming one-for-fifty share consolidation will turn today's 0.6p share price to 30p, although that wouldn't alter the value of a holding.

But back to the main business. Skinner enthuses about document handling and the opportunity presented by the explosion of data. Last year, the amount of data in the world doubled. And according to Hewlett Packard CEO Mark Hurd, "more data will be created in the next four years than in the history of the planet".How Mavinwood could profit from the data storage boom

So far, as it relates to the corporate sector, this data must be stored and indexed. It must also be readily retrievable and audit trails must be available for nosy regulators.

Mavinwood has two subsidiaries operating in this area. The first is called Restore. This business stores hard-copy documents in cardboard boxes in Surrey, Kent and Cornwall, as well as at a 70-acre former Portland stone quarry near Bath.

This great business reminds me of Vindon Healthcare (ticker: VDN), which stores pharmaceutical compounds for years in climate controlled conditions. Like Vindon, Mavinwood is paid just to put things in a place where they can be found, and to leave them there until the customer asks for them back. You cannot get a much simpler way of making money than that.

Mavinwood's other subsidiary in this area is Peterborough-based Document Control Services. Its main function is the conversion of hard-copy documents into electronic data, a task undertaken either by typists in India or, preferably, through use of high-throughput optical scanners.

Although some of this business's projects had to be deferred as a result of the recession, this is another area of robust demand. Allied to Restore, it means that Mavinwood is placed to help all organisations to cope with their growing volume of both paper and digital data.

On the basis of these and its one other subsidiary – the timber preservation specialist, Peter Cox – the broker Cenkos expects Mavinwood to make earnings per share of 0.2p this year, which would be more than enough to justify a higher a share price.

But I don't expect the group to stand still. Skinner has proved himself to be an astute deal-maker, and the City will be expecting more of the same here. Mavinwood should look very different in a couple of years' time. And I will be watching closely.

[fo77y] 23/3/2011 22:24

Another decent rise, and to be honest, fully justified. 2011 will be a good year for us restore investors, just a gut feeling i have ;-)

[riggerbeautz] 23/3/2011 20:35

There was also a little write up in todays Express, only to comment the results were ahead of the game in effect. But we know that. Couple of decent trades which shows people taking notice.

[hjfe] 23/3/2011 12:58

Hopefully we will start moving through the 40s now - it seems a few stops were triggered when we got past 40p this morning, which pushed the share price back down. Should be here to stay. Onwards and upwards!

[hjfe] 23/3/2011 08:39

Yes - not a Daily Mail reader myself, but there are a lot out there. Good write-up, and another strong day today will help. Good to see some volume coming through. I expect this will be followed by further reports.