Restore Share Discussion Threads

[nwalsham15] 11/12/2014 17:30

HiBought in today.

[scottishfield] 11/12/2014 16:56

yes saw that protean, tks.

[gargleblaster] 11/12/2014 16:48

Thanks protean - v interesting - think I will top up again.

[protean] 11/12/2014 15:33

Mark Slater mentioning RST recently (5:00 onwards):

[gargleblaster] 04/12/2014 12:57

pylewell - totally agree. Peter Lynch (One up on Wall Street) was a great fan of buying boring overlooked companies. I recently went into Polypipe for the same reason - boring but cheap. Personally I don't find them boring - if they go up in value!

[pylewell] 04/12/2014 11:36

Records management is not an activity that sets the pulses racing. It's boring and for that reason is a good share. So often shares with exciting activities get overbought and race up and down. Restore has such a steady and solid trajectory and may it continue so without too much hype

[riggerbeautz] 03/12/2014 20:45

Gb said that since the herd left after reversing out of MVW. Only ever been 3 or 4 posters since then. Makes a change to see all my stocks going upwards around the same time of late.

[gargleblaster] 03/12/2014 17:29

Amazing that this thread is so quiet - RST is an absolute Juggernaut or Gorilla (take your pick) - and still on a 1 year rolling PEG of 0.52 (still cheap in other words).

[jopper74] 03/12/2014 15:20

Yet more II buying up these shares.......looking very good indeed.

[gucci] 17/11/2014 22:20

Beautiful chart

[riggerbeautz] 17/11/2014 16:30

Yep looking good, this is either breaking out or slightly stretched, either way not a problem if not trading.

[protean] 17/11/2014 16:24

Sideways consolidation for the past couple of months means the price is only just breaking above the Sept high.

Scope for a decent move up from here if the buying keeps coming in.

[gargleblaster] 14/11/2014 01:35

Yippee - new high - well new high since 2008 at least!!

[riggerbeautz] 11/11/2014 15:56

Thank the Torygraph and Mail, hardly many big buys gone through but RST gets publicity these days.

[protean] 11/11/2014 13:56

Very close to breaking out here.

[gargleblaster] 08/11/2014 12:33

Jim Slater re-iterates RST as a buy in today's Telegraph

"Restore, the document storage business, which I recommended at 178p, is now at 232p. At this level, it still has a prospective p/e ratio of 15, which is cheap in relation to its 35pc profits growth, giving an attractive Peg of 0.44."

Should be up on Monday on the back of this?

[riggerbeautz] 13/10/2014 19:21

Nice one in the D.M, bit of a rehash of Proactive.

[rogers8] 08/10/2014 15:32

Broker N+1 Singer has become a buyer again of office services firm Restore (LON:RST) having previously rated the stock a 'hold' after its acquisition of Cintas Document Management, which it says is its most significant deal to date.

It enhances the group's revenue by around £20mln and brings critical mass to the group's recently underperforming scanning operation, reckons James Tetley.

CDMUK is the UK division of US firm Cintas Corporation and is one of the UK's 10 largest providers of records management services and last year it recorded underlying earnings (EBITA) of £0.2mln and made an operating loss of £0.4mln after amortisation of goodwill of £0.6mln.

Restore is paying £23.5mln, financed via a placing and a debt facility.

Tetley said: "The deal is expected to be earnings accretive in Restore’s first full year of ownership, with significant value created through cost synergies in the first instance and subsequently, we anticipate, through incremental organic growth."

The impact of the acquisition means the broker lifts its full year 2015 revenue forecast for Restore by £20mln to £91.7mln, and the pre-tax profit forecast is lifted 25% to £16.7mln.

The target price moves upwards 14% to 275p, the broker said

[rogers8] 08/10/2014 08:26

Try again

[...]

If the above link does not work go to:

www.proactiveinvestors.co.uk/companies/stocktube

and search for Restore

[lozler] 07/10/2014 14:06

Couldn't see the link :-( Blackrock increased their holding again which is a nice sign.

[rogers8] 07/10/2014 07:22

Check out this interview with Charles Skinner.

[...]

Skinner states 14 (now 15) acquisitions have been secured out of a target list of 54 companies. Restore will keep on growing...

[rogers8] 07/10/2014 07:17

Positive reaction to yesterday's news:

Broker Cenkos said the acquisition will cement Restore’s position as the number two in the records management sector in the UK, and will bring scale and capacity to Restore’s Scan division.

“Whilst the Cintas UK business made adjusted EBIT of just £0.2mln last year, there is a clear path for Restore to increase profitability to c£4mln,” the house broker believes, adding that the £4m target may well prove conservative, given the track record of Restore’s management.

“The existing properties currently operate at only 68% capacity (Restore target 95%) with the exit of one loss-making site expected to save over £1m p.a., whilst head office and operating cost savings are estimated at c£3m.



“We believe that further opportunities may open up as Restore continues to lead the consolidation of records management,” the broker added.

[lozler] 06/10/2014 23:09

This was my favourite line - "This acquisition is a major milestone in Restore's development and represents the most significant consolidation within the UK records management sector since we embarked on our strategy of acquisitive growth four years ago."Nice that it will be earrings enhancing in it's first year too.

[jopper74] 06/10/2014 16:56

The good news just keeps on rolling here........long may it continue