PIE-EATER
09 Mar 2017
advanced notice Nothing like giving notice of divi.......PAID IN 4 MONTHS TIME !!!!!Won't be long after that for interim results. Nothing like delaying the payments......
IOMINVESTCOM
12 Sep 2016
Paul Scott's view [link]
Sambram
12 Sep 2016
strong period of growth and delivery "Restore’s interims confirm a period of strong growth and operational delivery. Importantly, the integration of December 2015 acquisition Wincanton Records Management is going smoothly and there has been no repeat of last year’s summer scanning issues. Growth metrics are impressive in all areas, assisted by the pick up in acquisitive activity over recent periods. Full year guidance is reiterated and we adjust our numbers for the recent PHS Data acquisition this morning, bringing us in line with consensus. Overall a very solid set of results."Broker update from N1 Singer on Research Tree
IOMINVESTCOM
23 Aug 2016
Time to lock-in profits? Having reached broker targets of 3.59 I think time to bank profit before the herd.
Simbrad
27 Jun 2016
Singer note on affect of brexit this morning on research tree.. "It is still clearly too early to predict the full repercussions of the vote to leave the EU. The events of the past couple of days have been seismic enough with the resignation of the Prime Minister, the prospect of another Scottish independence referendum and the disintegration of the Shadow Cabinet. There is no timetable for Brexit and there is speculation that a compromise deal may be sought or even that the Scottish Parliament could veto the whole thing. None of this is likely to be resolved quickly and there is a threat..."
IOMINVESTCOM
24 May 2016
Restore shares are ‘undervaluedÂ’ Office support services company Restore (RSTP) is delivering ‘notable’ revenue growth while working as an industry consolidator.Peel Hunt analyst Christopher Bamberry reiterated his ‘buy’ recommendation and target price of 359p on the stock following the company’s annual general meeting. The shares rose 1% to 333.2p yesterday.‘2016 has started satisfactorily across the group and as a consequence, trading is in line with expectations,’ he said.‘Restore is delivering notable organic revenue growth, while at the same time successfully consolidating the UK records management industry. The disposal of the Irish Document Management business in March increases the capacity for future acquisitions in Restore’s core UK market.’He added that the current share price is ‘underpinned by our base-case discounted cashflow valuation of 309p’ but that ‘we believe that looking at a standalone valuation undervalues the business, as it ignores the acquisition investment potential’[link]
mcescher
28 Mar 2016
Interesting look at intrinsic value of Restore This website shows RST is seriously undervalued: [link]
IOMINVESTCOM
11 Mar 2016
Re: Paul Scott's view [link]
IOMINVESTCOM
26 Jan 2016
Paul Scott's view Have to agree with PS on the P/E rating.Share price: 286.5p (unchanged today)No. shares: 96.0mMarket cap: £275.0mTrading update - for the 31 Dec 2015 full year.I do like it when companies put a simple first paragraph giving the key conclusion - performance against market expectations, which is what Restore has done today, so thank you for that - to the company and its advisers. All companies should follow this approach please.Restore plc, the UK office services provider ("Restore" or "the Group"
, confirms that trading for the year ended 31 December 2015 was in line with expectations.This approach is very considerate, and shows understanding that investors have a one hour window between 7-8am, when we're still cranking our brains into action after usually not enough sleep, to absorb maybe 10-20 different company announcements, and form a view on which (if any) we need to take buy or sell action on.Therefore a key conclusion at the start, allows us to check it, then move on, and revisit the detail below at our leisure.There should of course also be outlook comments either at the start, or the end of the announcement (not buried in the detail, in the middle).Outlook - a fairly generic positive-sounding comment, but reminding us that visibility of earnings is good, because a lot of business they do is on recurring revenue contracts;"We are pleased by another year of good performance by the Group, with significant increases in revenue, profits and earnings per share. As expected at the time of acquisition, several acquired businesses have required substantial restructuring and these are now showing a marked improvement in profitability under our ownership. We continue to strengthen our position as a key supplier of services to UK offices and we have an excellent platform for further profitable growth with strong visibility of earnings." My opinion - this company looks quite good, but I'm not keen on groups which grow by acquisition, hence creating an appearance of growth, but all too often funded by increasing debt.It's on 19.3 times forecast 2015 earnings, which considering it has some (but not excessive, last time I checked) debt, looks on the pricey side.It's not for me - the price looks too high in my view, although that's probably because the market is factoring in improved profitability at acquired companies (as noted above), and rewarding a company that appears to be well managed, and making sensible acquisitions.56a743112a458RST_chart.PNG- See more at: [link]
wineberry
03 Dec 2015
Valuation This now on a very high PE ratio - app 40x I think. That's pricing in a lot of growth - excellent company that it is. Can anyone work out the PEG ratio?
nk1999
17 Sep 2015
Telegraph- Questor "Paper profits alright by Restore: Restore reported a sharp jump in profits in the first half of the year, and the shares are an interesting option for long-term investors. The company stores documents, which may sound boring but is highly cash generative and is an extremely stable market. The problem for every professional service firm, from lawyers and accountants to banks, is that everything still relies upon a signed document. Restore owns and operates a 70-acre disused mine in Wiltshire into which all the documents go. Restore charges customers to take the documents away as well as an annual fee to keep them safe. This provides excellent visibility on revenues; and because the cost of storage is low, the cash flow is equally predictable and strong. Restore’s shares have gained almost 90% during the past two years and market consensus is for full-year adjusted pre-tax profits of £16.4 million, from revenues of £91 million. This gives 15.4p in earnings per share. The stock is trading on 17 times forecast earnings. Management underlined their confidence with a 25% increase in the interim dividend to 1p, going ex-dividend on October 14 and payable November 13. Restore at 267p+13.5p. Questor says “HOLD”. "
jd1980
09 Sep 2015
Re: Positive outlook moving forwards Agreed, I'm in as great business sector great management long term reliable earnings and still plenty of room for growth.
Honest Herbie
25 Aug 2015
Positive outlook moving forwards Can't understand there are so many pessimists commenting on this stock, which has risen immensely since last year, but is 'just resting'. With its strong /experienced management leading the company, the long-term prospects for Restore appear to be all positive.
IOMINVESTCOM
14 Aug 2015
Weak looking Drifting lower and now testing 2.34 / 2.38 area.Looking on a longer term chart the weakness might support a break lower here to nearer the 200 ema around 1.90 - 2.00[link] thoughts to my negative view. Will we see a negative update on one of their recent aquistions that will cause this tracement?It could lead to a longer term purchase opportunity.
IOMINVESTCOM
24 Mar 2015
Re: Today... Touch down at 2.38 - I think the 200 ema at 2.37 is today showing support with buyers returning.
