Restore Share Discussion Threads

[riggerbeautz] 15/11/2011 09:51

Nice fit again, maybe some would say bit of a premium, but doubt it will take long to max the cross selling opportunities and add value.

[hjfe] 15/11/2011 08:21

Another aqcuisition announced:

RNS Number : 0829S

Restore PLC

15 November 2011

15 November 2011

Restore plc

Acquisition of Brunswick Document Management Limited

Restore plc ("Restore" or "the Company") is pleased to announce the acquisition of Brunswick Document Management Limited ("Brunswick"), which was completed on 14 November 2011.

Founded in 1998 and based in Middlesbrough, Brunswick is a records management business with a broad range of customers, predominantly in the North East of England.

Brunswick was purchased for a cash consideration of GBP1.2m funded from Restore's existing bank facilities. For the 12 months to 31 December 2011, Brunswick's turnover is expected to be in the region of GBP935,000, with EBITDA of around GBP300,000 after exceptional costs. As at 14 November, Brunswick had tangible assets of GBP435,000, including cash of GBP145,000.

This acquisition represents a further step towards growing Restore's records management activities across the UK. It complements the existing Restore records management business and provides the Company with greater geographical reach across the North East of England.

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

"This is the seventh acquisition that Restore has made in this space in the past 15 months, and further strengthens our core records management business, providing it with increased geographic coverage and diversifying its customer base. It also presents additional cross-selling opportunities to our other office-service based businesses. The transaction demonstrates the continued progress of our acquisition-led growth strategy and the Board looks forward to the contribution to the Company that Brunswick will make."

[riggerbeautz] 07/11/2011 15:24

Even more likely we will reach that £1 by year end, unless financial armageddon really does hit!

Since mid last year, keeps climbing any pullbacks.

[hjfe] 07/11/2011 15:20

78p now - will this finish the day over 80p? Looking likely.......

[matt123d] 07/11/2011 14:35

Breaking out now, a move over 77p and this should hit the mid 80s pretty quickly.

[riggerbeautz] 07/11/2011 14:23

Hmm...torn now lol

[hjfe] 07/11/2011 13:38

Big volume again 150K + shares traded today already (2 buys of 75k shares). Interesting times..............

[hjfe] 05/11/2011 17:00

Volume up last week - 100k+ traded on Friday (virtually all buys in 25K chunks) and 50k buy on Wednesday. Looks like someone is loading up. Onwards and upwards!

[hjfe] 02/11/2011 09:08

Can't see this drifting antwhere but upwards - bid stayed firmly at 73p yesterday whilst the rest of the market tanked. It would be nice to have one last top-up opportunity in the 60's, though.

I wouldn't be surprised if we get news of another acquistion soon - the new banking facility was arranged to enable a major deal. That with the recent results would get us moving again sharpish.

[riggerbeautz] 01/11/2011 21:09

HJFe I too have EEL but I don't count that as mentally gone for me, fortunately Omlette enticed me to follow Wade and Mart. Originally around 10c, loaded up bigstyle between 5 and 6c, the rest is history, albeit it's been frustrating this last few months. Now that drop from 76c to the 40's really tested me!!!

What chance we could test the mid to upper 60's here on general market malaise? Or is that just my wishful thinking?

[hjfe] 01/11/2011 10:49

Riggerz,

It has been a testing time, and I too have had moments when I have sold too soon. Happy to say I've kept the majority of my holding here intact.

It is one of the very few stocks I have any real confidence in to keep my capital safe - a snail is fine for me in these volatile times!

I'm sitting tight for now - hoping to get someting back from the EEL fiasco before too long, which could release a significant amount for me to reinvest here.

[riggerbeautz] 01/11/2011 09:14

HJFe still holding, but I look in occassionally, because I cut this at 52 and 57(along with a lot of positions) as I saw a near 6 figure sum of profit on big winners from last year/early this year slip through my fingers! Simply by not being clinical on banking profits early summer eg RRL bailed on way down between 15.5 and 10 something, having had an average of 5p.

Irony being the lesson in profit preservation, cost me profit here had I held the full lot still; however it saved me elsewhere as others have drifted. All honesty the jump back up didn't quite suit my timing, but i'm now in one of those positions, where if it storms to a £1 I gain, if it falls back I'd buy more once the markets turn positive (will they ever?!! lol).

It is one of 3 U.K holds I have, but may totally ditch another, as I'm more for trading TSX stocks at the minute or sitting in a bunker riding out the gloom.

p.s Still think Charles Skinner is a top bloke and RST will do better than most AIMer's
with his leadership, hope to thank him soon for what he's done here.

p.p.s Still speak to comedy and tried to entice others and him back in, but many see RST as a snail. Which lets face it, it is; your article above touches on the kind of people buying, mainly because it still trades thinly.

[hjfe] 31/10/2011 19:06

Riggerz,

Do you mind me asking if you are still holding here? (I hope that's not a rude question). The board doesn't seem to get any attention any more from the original Mavinwood crowd (Comedy, Fo77y, etc).

Sometimes I wonder if it is just me that is still holding from those less certain days........

[riggerbeautz] 31/10/2011 18:44

Nothing mean about that HJFe, most of them are useless! Of course nice to be in a stock when one of the ramp sheets come along ;)

[hjfe] 31/10/2011 11:08

miked500 - sorry for not replying earlier - no, I do not subscribe, but found the recommendation thorugh a Google search. I'm far too mean to subscribe to share-tipping sites or magazines!

[hjfe] 30/10/2011 16:36

Interesting article:



Getting the right mix

Liquidity is a particularly pressing issue for AIM-quoted and small caps. Now there's help available to attract a wider investor base. By Marc Mullen.

For small-cap companies, a lack of liquidity in their shares is a perennial problem, making it difficult to get to a realistic value for the business. A share liquidity problem presents something of a Catch-22 situation. An investor who sees poor liquidity on the way in will have at the back of his mind that it may be the case when he needs to find a way back out, and so passes on the investment.

Simon Courtenay, executive director at Broker Profile, an investor relations company, says: 'Following the credit crunch, a lot of investors were left long in small-cap companies with no liquidity, they couldn't get out and the prices just plummeted. These institutional investors moved into larger company stocks with daily liquidity allowing them to trade their way out of a position.'

Earlier this year, Broker Profile launched a specialist unit to develop liquidity for AIM-quoted and smaller quoted plcs. Communications agency Redleaf Polhill has set up a similar team.
The success conundrum

The Broker Profile unit introduces smaller cap companies to private-client fund managers (PCFMs). The aim is to bridge the gap between retail investors buying very small share volumes and institutional investors looking for far larger volumes, which simply may not be available. Perversely, the more successful the small cap, and the more alluring its narrative for the future, the less likely significant volumes of shares are to become available. PCFMs will look for lower, but still significant, volumes.

'A lot of PCFMs are looking at smaller, sensibly managed companies with robust balance sheets, which are paying decent dividends as well,' says Courtenay.

'Their funds under management have grown dramatically, and for our small-cap clients this is a new source of funds for investment.' Charles Skinner was appointed chief executive of AIM-quoted records management business Restore plc two years ago.

Having spent his first year getting the business on track, he this year presented Restore's narrative to PCFMs around the country. 'In a fairly illiquid stock, actually having people coming in for £5,000- £10,000 of shares is as important in setting the price as is what the institutions think,' says Skinner.

'The more people who know the story and are interested in the stock, the fairer the share price is. Even if you are not looking to make an acquisition, it is good to know the appropriate value of your business.'

In November last year, Restore placed £4.5m of shares. Following presentations this year, two PCFMs have bought shares in Restore and two have put the business on their watch list.

'If you have a narrative, decent earnings visibility and don't feel enough people know about it, then I think it is very good to fill the range between the institutions and private investors,' says Skinner.

Marc Mullen is acting editor of Corporate Financier.

This article first appeared in Corporate Financier, magazine of the ICAEW Corporate Finance Faculty in October 2011.

[matt123d] 21/10/2011 19:14

Right on the closing high of 73p from July now. Would be looking for a move to 100p short term if it can break above.

[miked500] 21/10/2011 18:58

thanks for that, do you subscribe, is it good value? See they mention one of my other recent purchases, Stadium Group.

[hjfe] 21/10/2011 13:39

Miked500 - it's an online share-tipping magazine:

They included Restore plc in June and July this year, and commented recently with a buy recommendation.

[miked500] 21/10/2011 10:32

what's shareworld magazine?

[hjfe] 21/10/2011 10:28

Wow - look at today's chart - a vertical line!

[matt123d] 21/10/2011 10:21

Looking interesting. Not much stock about. Premiums being paid for over NMS.

[hjfe] 21/10/2011 10:17

Volume up this morning - something brewing?