Restore Share Discussion Threads

[matt123d] 02/9/2011 11:46

But wasn't the move yesterday due to the volume over the past four sessions exhausting all the supply.

Price action usually occurs after larger volume days as it only takes a small amount of fresh demand to move the price!

[hjfe] 02/9/2011 08:17

7:16 am
The Times


Tiddler to watch: Restore shares advanced 18.5% to 64p, on AIM after it agreed to pay £662,000 in cash and shares for Paterson Data Management, a Scottish document storage company. The deal means Restore can now pitch for and service national records management contacts across England, Wales and Scotland for the biggest British companies.

[matt123d] 01/9/2011 22:28

Decent rise on above average volume. Back above all moving averages, not many stocks out there with such strong technicals in this current market.

[riggerbeautz] 01/9/2011 14:27

In the words of Harry the scouser, calm down, calm down ;) Wake me up when we get back past placing price and the sale is over.

[hjfe] 01/9/2011 14:05

Anybody out there??!!

[hjfe] 01/9/2011 13:40

This is starting to wake up now - 75p soon I think. GL all!

[hjfe] 01/9/2011 07:44

Another acquisition today:

1st September 2011



RESTORE PLC



Acquisition of Paterson Data Management Limited





Restore plc ("Restore" or "the Group") is pleased to announce the acquisition of Paterson Data Management Limited ("Paterson") which was completed on 31st August, 2011.



Founded in 1999, Paterson is one of Scotland's largest independent document storage companies with a broad range of customers, predominantly in the Glasgow area.



The acquisition of Paterson represents a significant milestone for Restore in providing it with nationwide coverage in records management. Restore can now service national contracts for large blue chip organisations across mainland Britain whilst still delivering the high standards of service for which it is known.



Paterson was purchased for a cash consideration of £662,000, funded from existing bank facilities and the issue of 46,296new ordinary shares of 5p each, and at completion had net cash of £130,000. In the year to 30 June 2010, Paterson recorded EBIT of £110,000 on a turnover of £502,000. Application has been made for the 46,296 new ordinary shares of 5p each to be admitted to trading on AIM and it is expected that trading in these will commence on 6 September 2011.



Commenting on this acquisition, Charles Skinner, Chief Executive of Restore plc, said:



"The acquisition of Paterson marks a leap forward for the records management activities of the Group. It has long been the Board's aim for Restore to become a national provider of records management services across the UK and we have now realised that goal. Not only will Paterson enable us to increase our records management activity across Scotland, but it will enable us to win valuable national contracts and continue to compete with the other market leaders in this space across the UK. The Board fully expects the acquisition of Paterson to benefit the Group in its stated aim to become a leading provider of office services in the UK".

[horace678] 25/7/2011 10:11

Clearing the debt to Geraldton (aka Ashcroft). Geraldton subscribes to an amount of shares such that it still retains 57% holding in the company.

[riggerbeautz] 14/7/2011 21:11

In these markets, thats not so bad. 65p is a reasonable benchmark for the placing and at least one of the new businesses is outperforming. Intention to grow organically or though acquisition has been marked enough previously.

Happy enough to keep holding here, whilst they keep generating cash and improving. Still would like to see Peter Cox go at some point myself.

[yoyoy] 14/7/2011 07:30

well, thats a mixed bag.

Placing at 65p - 7% discount

Potential for future dividends

Trading in-line.


Could do anything on that lot.

I reckon it will mark time.

[matt123d] 06/7/2011 11:47

£16M lending facility agreed with Barclays

[riggerbeautz] 06/7/2011 09:48

This often moves on any sort of volume, after all many days you would have been lucky to get online quotes for anything bigger than 25-50k.

[tillman] 05/7/2011 09:17

Ref forecasts
Digitalook has the following:

End (Dec) 2011

T/O £34.1M
Pre Tax Profit £4.3M
EPS 6.8p

EPS f/c to be down on the previous year.

I assume these are just one out of date broker's forecast.

Any ideas on what is realistic for this year?
Certainly looks interesting!
------------
Not much volume and share price moving sharply again..no doubt assisted by tight free float

[riggerbeautz] 04/7/2011 13:01

LOL well at least you've gone past 75p now, wasn't much room left for upside on that forecast :)

I think the debt refinancing RNS virtually implied more acquisitions would be on the cards. Can only see given all the recent ones, they will continue to add volume and value to the pot. There may be dips on the way, no share is immune to market sentiment, but this is trending up now as good as any and we are still massively under the radar of most tipsters! It's all being done with actions, not words.

[hjfe] 04/7/2011 11:55

I think there is further news of acquisitions to come, and in my mind expect to see £1 - £1.20 before the end of the year.

There - I've stuck my neck out!

[riggerbeautz] 04/7/2011 10:45

Cenkos no better or worse than any broker, all act in self interest.

You really just have to do is lk at the past results, see that Charles Skinner is doing EXACTLY what he promised and you know this share price can go a lot further a.i.m.o

This stock has massively turned round, continues to do so and with it, is on a slow gradual bull run.

[penguingardener] 04/7/2011 10:00

As 2000 shares changed hands for 75p at 08:29 this morning, I was reminded of the Cenkos note from last June, with it's (effective) target price of 75p - if only all forecasts were so reliable!!

Interestingly, this note proposed the almost identical profit targets for 2011 - £4.3m - and 2012 - £5.3m - as currently appear in most broker forecasts, long before all the acquisistions of the last twelve months.

A share price with a lot further to go methinks!!

[horace678] 01/7/2011 12:23

Acquisitions by both RST and Dods announced on the same day.

[riggerbeautz] 01/7/2011 11:34

YEP! Can we break the 70p?

[hjfe] 29/6/2011 10:16

New debt facility - must be more acquisitions in the pipleline.........

[riggerbeautz] 15/6/2011 21:19

You said that last year and we've had 2 acquisitions and a really good update since. Time to be a little more optimistic HJFe

[hjfe] 15/6/2011 15:08

75p without further news, but much more if we get news of further aquisitions, etc.

[roberts_rich] 15/6/2011 10:31

as anyone got a target price on this one