Restore Share Discussion Threads

[riggerbeautz] 10/2/2012 13:43

Explains the lull in share price ;)

[melody9999] 29/1/2012 22:18

Joined in here recently..... well when you look at the trading statement and the chart...... why not?

[hjfe] 23/1/2012 11:46

For those that didn't catch this last Thursday:


Year End Trading Update


Restore plc, the UK office services provider ("Restore" or "the Group"), is pleased to confirm that trading for the year ended 31 December 2011 was in line with expectations.


Restore's records management business continued to perform strongly in the second half of 2011, with acquisitions completed through the year contributing well to Group profits. The acquisitions of Paterson Data Management and Brunswick Document Management, completed in August and November respectively, have given the Group national coverage in records management, and their integration is progressing well.


The integration of Sargents, the acquisition completed in April which moved the Group into the commercial relocations market, has been completed on schedule and the records management activities of the business have been transferred to Restore Ltd. The commercial relocations business is performing in line with expectations.


Restore Shred, our secure shredding business formed in October through the joint venture acquisition of Thoroughshred, is already giving every sign of being a valuable addition to the Group in expanding our portfolio of office services and ability to cross-sell to customers.


The performance of DCS, our document scanning business, was in line with expectations.


Peter Cox, our damp treatment and timber proofing business, traded strongly, building on the turnaround achieved in 2010.


Charles Skinner, Chief Executive of Restore plc, commented:

"Our core business, records management, continues to perform extremely well. Over the past year, the Group has developed into a much broader office services business, encompassing records management, secure shredding and recycling, commercial relocations and document scanning. Alongside organic growth, the office service acquisitions have resulted in significantly increased profitability. In addition, Peter Cox has had an encouraging year. The Board looks forward with confidence to the coming year and continues to position the Group for long-term growth by taking advantage of the opportunities available to Restore in all of its markets."


The Group's Full Year results will be released on 20 March 2012.



We are also expecting Restore to pay its maiden dividend this year following the announcement on 7th October 2011.

[hjfe] 20/1/2012 11:56

Liquidity has now increased with some sells - can buy in volume online now.

wouldn't be surprised if Geraldton let a few go just to ease things.

[riggerbeautz] 20/1/2012 11:22

There we go again and will take at the mid.

[riggerbeautz] 20/1/2012 10:25

Might need to find some stock to sell to get there. Can see yet again piddly trades and nothing around for online punters.

[matt123d] 20/1/2012 08:51

Top of the trend channel on results day currently in the region 115p-120p.

[riggerbeautz] 20/1/2012 08:46

Yep thats my line of thought too.

Moving again today, could see a nice little run up prior to results. Either way, strategy clear and if it's not I'd expect a bit more confirmation on results day.

[hjfe] 19/1/2012 22:11

Riggerz,

I agree - I've also believed that the strategy has been to nurse PC back to health and then dispose. It doesn't fit the new company, and would raise significant capital for further acquisitions. I think a significantly bigger acquisition than we have seen to date has always been the plan to give greater reach and presence in the market. It is just what Skinner did with Brandon Hire.

[riggerbeautz] 19/1/2012 21:12

No doubting he delivers on his promises our Charles Skinner, top bloke melody.

Got me wondering Hjfe if that is not a big talk up for sale sign on Peter Cox, know i've been banging that drum before, just I'd really like to see them cash it in myself.

[melody9999] 19/1/2012 20:55

Bought in today. Been watching these for a while.....mainly due to Charles Skinner being the man at the helm - when I first started investing some 6 years ago now one of my first and more successful buys was Brandon Hire ..... run by CS.

Hoping for similar success here.

[hjfe] 19/1/2012 19:20

This is the bit I like:

"Alongside organic growth, the office service acquisitions have resulted in significantly increased profitability. In addition, Peter Cox has had an encouraging year."

Significantly increased profitability will see this fly - goodbye pence and hello pounds! This is following in the footsteps of Impellam (another Ashcroft enterprise).

[matt123d] 19/1/2012 13:39

There's the breakout then, looking good.

[hjfe] 19/1/2012 12:58

Very difficult to get any stock this morning - we should be into the 80s before long. Ready for the leg-up towards £1.....

[dick grasso] 19/1/2012 11:54

agreed Rigger, impressive update & close to chart break out!

[riggerbeautz] 19/1/2012 11:15

Hmm looking at size of trades coming through, I'd say there is little free stock, maybe slight tick due soon?

[riggerbeautz] 19/1/2012 11:02

Nice update again, can't think of a profitable share so under the radar, with little buys. Oh well should generate some positive press and not long for results to underline this little bit...

"Alongside organic growth, the office service acquisitions have resulted in significantly increased profitability" Roll on march 20th

[matt123d] 16/1/2012 13:25

2p premium paid for 20k, looks as though the seller has finished.

[riggerbeautz] 12/1/2012 23:33

Hjfe still same situation as Nov 1st post, never fell back though, so never added,but still happy waiting for £1 to come with what I have. Hold and quietly wait.

[hjfe] 12/1/2012 21:38

26th Jan last year - might be around then again this time.

[hjfe] 11/1/2012 15:54

Riggerz,

I think that is very likely - I think we should make a good move up again soon. This has stayed where it is whilst other AIM stocks have slumped in the last few weeks. Are you still holding here?

[riggerbeautz] 10/1/2012 21:58

Hjfe what odds on a pre close statement revealing further improved trading in a few weeks as per last year?

[hjfe] 27/11/2011 14:51

Riggerz,

Still in, but distracted elsewhere right now. Happy to sit tight here whilst the rest of the market goes down the drain. This is a long-term hold for me.

Been looking at BLNX - haven't held there for a long time, but the current reaction to the Goldman Sachs note seems completely overdone to me. If it holds around the 64p mark I will be tempted in the morning - could be an easy ride back up to the £1 mark in the Xmas rally.

Hard to think of much to say here - I do think Charles Skinner has further acquisitions in the pipeline, and possibly something rather bigger than we have seen to date. We should see the benefit of cross-selling to existing customers feeding in too.

Regards!