Restore Share Discussion Threads

[matt123d] 21/10/2011 09:14

Looking good here. A break of 70p and this will be away.

[hjfe] 14/10/2011 18:52

Patience is the key here - someone is accumulating, and the price is being held. 48,000 shares bought on PLUS market today, and 34,368 on AIM. That about 5 times the average volume recently.


I've done very (very) well out of this stock to date, but others have always sold out too early. Hold and accumulate is my advice!

[roberts_rich] 14/10/2011 15:33

we could do with some buys to get them on there way up and up.

[riggerbeautz] 11/10/2011 22:32

You said that a month ago, i'm holding you to that £1 you know. All RST have to do is bed down the deals and keep the profits on track.

Everything points to more deals coming in timely manner.

[hjfe] 11/10/2011 11:40

This looks ready to make a move upwards again - into the 70s and 80s soon,,,,

[riggerbeautz] 10/10/2011 13:50

Best bit about this acquisition, is do the business Steve and we will pay you an handsome bonus for your 25% of the business. What greater incentive could the bloke have to raise the profitability? Another shrewd deal.

[hjfe] 10/10/2011 13:04

I am expecting further announcements soon of additional acquisitions, and possibly a much larger takeover (Charles Skinner has hinted at this - see post 270).

[hjfe] 10/10/2011 09:43

Another acquisition:

RNS Number : 8640P

Restore PLC

10 October 2011

10 October 2011

Restore plc

Acquisition of Thoroughshred

Restore plc ("Restore" or "the Company") is pleased to announce that Restore Shred Limited, its recently formed subsidiary, has acquired the business and assets of Thoroughshred, a provider of secure shredding and recycling services, from TGM Environmental Limited ("TGM Environmental").

Thoroughshred serves customers in London and the South East of England and has been operating as part of TGM Environmental in the secure shredding and recycling market since 2007. It is based in Woolwich, south east London, where it recently opened a new state-of-the-art facility with capacity in excess of 15,000 tonnes a year.

The acquisition of Thoroughshred is an important step in broadening the capabilities of the Company to offer additional office services alongside its existing records management, document scanning, and office relocation activities. Thoroughshred has a similar channel to market to Restore plc's office services businesses and a complementary customer base.

Steve Talbot has been appointed Managing Director of Restore Shred Limited and holds 25% of its equity. Steve has a proven track record in secure shredding and recycling, having previously built and sold two businesses in this sector.

Restore plc has invested GBP375,000 in cash for a 50% stake in Restore Shred Limited. The Company has an option to acquire the interests of the other two shareholders in Restore Shred Limited, Steve Talbot and TGM Environmental, also with 25%, between October 2014 and October 2016.

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

"It has long been the Board's aim for Restore plc to enter the secure shredding and recycling market, and Restore Shred's acquisition of Thoroughshred provides us with an excellent platform for rapid growth, and in Steve Talbot, a partner of huge experience and entrepreneurial capability. Following our move into office relocation earlier this year, we are excited to be able to broaden further the range of services we offer our growing customer base, and look forward to the contribution to the Company that Restore Shred will make".

For further information, please contact:

Restore plc

[hjfe] 07/10/2011 16:24

Agreed Riggerz - I think this is a safe haven with great prospects over the next few years. Can't think of many others right now.

[riggerbeautz] 07/10/2011 15:49

Good thing about Charles Skinner is whatever he expects to deliver he generally does, roll on the progressive dividend policy then. This could be one of few class act AIM stocks bar economic meltdown.

[hjfe] 07/10/2011 15:35

RNS Number : 8185P

Restore PLC

07 October 2011

7 October 2011

Restore plc

Reduction of share premium account and creation of distributable reserves

Restore plc ("Restore" or "the Company") is pleased to announce that the reduction of its share premium account, as described in the circular sent to shareholders on 14 July 2011,has been confirmed by the High Court of Justice and became effective upon registration by the Registrar of Companies on 7 October 2011.

As a result, Restore expects soon to have unaudited consolidated distributable reserves of approximately GBP14.3 million, based on its unaudited half yearly financial report for the six months ended 30 June 2011, issued on 14 September 2011.

The Board reaffirms its commitment to declaring a maiden dividend in due course and to follow a progressive dividend policy thereafter.

For further information, please contact:

Restore plc

[hjfe] 05/10/2011 19:33

Analyst price target now £1 per share:

[hjfe] 20/9/2011 16:02

Very tight spread here (64.5 - 65)- looks like this is ready for its quarterly move up. My target / forecast- £1 by Xmas, with news of further acquisitions to come. Not been wrong yet!

[hjfe] 16/9/2011 14:44

Restore profits up 70%
Wed 14 Sep 2011

RST - Restore

Latest Prices
Name Price %
Restore 64.50p 0.00%

Support Services 4,070 +0.61%

LONDON (SHARECAST) - UK office services provider Restore hailed "excellent results" in the first half of 2011 as profits rose 70%.

The firm posted adjusted profit before tax of £1.7m, although after exceptional items this fell to £499,000.

It said it had seen strong trading in its core records management business, with operating profits increasing to £2.4m from £1.7m the year before.

It also hailed new contract wins and the recent acquisition of Management Archives.

The company has yet to declare a dividend but said it would "declare a maiden dividend in due course and to follow a progressive dividend policy thereafter".

Charles Skinner, Chief Executive, said the forward visibility of Restore's revenues and low operating cost model offered confidence in the prospects for further profitable growth in the second half of 2011 and thereafter.

[riggerbeautz] 14/9/2011 23:53

Shareholders looking forward to the achievements too, clean bill of health. Personal wish to see for sale sign on P.Cox business, as think that is most susceptible to any downturn. So money in the bank for me better! Guess it would be a difficult sell at the right price at the minute though.

[hjfe] 14/9/2011 21:43

Coverage:

Restore expansion strategy pays off
14 September 2011 | 07:50am
StockMarketWire.com - Restore plc, the UK office services provider, has announced half year results for the six month period ended 30 June 2011 showing revenue increased by 15% to £15.4m.

Adjusted profit before tax was up 70% to £1.7m; with adjusted earnings per share up 80% to 2.7p

The company pointed to expansion of geographic presence in records management with acquisition of Management Archives and, post period-end, Paterson Data Management

Also entry into office relocation with acquisition of Sargents.

Commenting on the results Charles Skinner, Chief Executive, said: "We are very encouraged by these excellent results, which demonstrate the strength of our core business and the success of our expansion strategy over the last 12 months.

"The acquisitions we have undertaken since the start of 2011 provide Restore with nationwide coverage in records management and entry into the office relocation market, and represent significant steps forward in the Group's development into a broad-based provider of UK office services.

"Restore's achievements to date, the forward visibility of our revenues and low operating cost model give the Board confidence in the prospects for further profitable growth in the second half of 2011 and thereafter."

[hjfe] 14/9/2011 09:40

Profits up 47%, dividends to follow.......

[matt123d] 14/9/2011 09:25

Impressive results

[hjfe] 11/9/2011 19:33

Interim results were announced last year on 9. Sept, so we could get them for this year tomorrow?

Meanwhile, Restore has agreed a £16m lending facility with Barclays:



Cobbetts advises Barclays on £16m lending facility for Restore plc
Aug 18 2011


The banking team in Birmingham has advised Barclays Corporate on a £16 million refinancing agreement with UK Services Group, Restore plc.



AIM-quoted Restore (previously known as Mavinwood) is a support services company providing records management and other support services to businesses across the UK.



The main details of the new facility include a five year term loan, a three year revolving credit facility, and an overdraft facility.



Banking partner, Ian Ilersic, said: "Whilst funding remains difficult for some firms to secure, support is available for quality businesses with strong balance sheets and steady growth. The facilities provided by Barclays Corporate will be pivotal in Restore developing its four divisions and expanding its services to offices."



Commenting on the agreement Harvey Samson, finance director of Restore plc said: "Restore is a profitable business with excellent growth prospects and good quality of earnings. We are delighted to have put in place these new financing arrangements which enable us to continue our strategy of growth both organically and by acquisition."



Terry Myatt, relationship director at Barclays Corporate commented; "Our ability to focus on Restore's plans for the future ensured that their financial objectives of re-financing their existing debt facilities whilst gaining flexibility and financial headroom to continue their ambitious growth plans were met. As Restore continues to grow the business, we look forward to supporting them in developing their existing storage facilities as well as assisting key acquisitions to complement the group."

[riggerbeautz] 02/9/2011 13:04

Not so long back last year, buying (and selling)just 25-50k was not an easy task, though Lord A has helped in that respect. All RST need to do is keep delivering results and eventually investor interest will follow.

[matt123d] 02/9/2011 12:14

Market cap of £30M
Float of £14.5M
Average daily volume 34K

All the above have to be taken into account to determine what volume levels are important.
Four of the previous five sessions have been on approx three times average daily volume.

Basics of supply and demand working here.

[riggerbeautz] 02/9/2011 11:59

Suppose it depends on what you term volume, this is still off many peoples radar having risen out of the MVW debacle and now turning around under Charles Skinner. Suspect the little extra media interest brings in a few penny punters to kickstart a rise, but some eventually keep geting bored. Still relatively little shares around. Just to gauge interest though, look how long this thread has been going/how quiet it gets.

Meanwhile Skinner is steadily doing what he set out to do.