REMINDER: Our user survey closes on Friday, please submit your responses here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
… have take a sizeable stake. That’s the second group in the last few months to do so. Overall, positive moves. Someone clearly has faith.
Always good to see. Hopefully the sp will start to reflect their apparent confidence in the company.
BUY SIGNAL RECEIVED !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Topped up and happy with that
Up 7% today. Is this a delayed to the update last week, or something else I wonder. Now the old boss is back in charge, I'm hoping they will be on track to better things and further enhancements to the business.
Good news on progress.
As per update today : “ Further to the Group's trading update of 16 November 2023, the Board is pleased to confirm that Restore expects to report adjusted profit before tax for FY23 in line with market expectations*.
Whilst 2023 was a challenging year for the Group, our foundation of highly contracted and recurring income streams, in particular our storage revenue, underpinned our financial performance.
Cash generation during FY23 remained healthy, with anticipated year-end net debt of around £98 million, towards the lower end of market expectations.”
Am still expecting Skinner to be deal making before too long.
Can't disagree there Cautiousman, the market also appears to be assured and encouraged by the purchase.
F.D. buying a further £50k of shares yesterday.
Always a comforting signal.
If he doesn’t know the shares are a good investment then who does?
In the last few days we have had one RNS confirming that trading for the year is in line with expectations, and another stating that the FCO has purchased over £50k of shares.
I remain of the opinion that Charles Skinner will look to do a deal. He is a born deal maker and at this price Restore is a steal.
Seems odd that she's now stepping down.
Restore Chairperson- Sharon Baylay-Bell - has now purchased some 50,000 shares in the last few weeks.
In my book a personal investment of about £100k is as good a vote of confidence as you can get.
This one at least is surging forward! I'm going to buy some more tomorrow. Then it will stop going up. Apologies to all!
Going by today’s price movement, maybe stock market sentiment is not quite as miserable as I thought!
Announced today that the Chair of Restore has purchased some 20,000 shares.
And Mark Slater has again taken a stake in the business - this time of 5.2%
Slater always was a keen supporter of Restore in the Charles Skinner days and maybe sees a promising future with Skinner’s return.
If the general stock market sentiment was not so miserable I can only think the price would already be well north of £2.
Agreed Cautiousman. It seems that the drop over summer was, for once, a buying op. I managed to grab a few more at 134p and keep refusing to buy any more as it is still going up and I keep telling myself it will run put of steam soon. But it hasn't yet!
Always comforting to see a CFO buying shares!
PE 8.5p on top of all that?
Wait for £4.
With Skinners return, HMRC contract and Jamie Hopkins share purchase all is looking rather positive.
And Skinner is a deal maker. Could be quite exciting!
£100k buy on the back of him stepping down as CEO. He must think the drop was WAY overdone.
Just like the rest of us.
The combination of a new HMRC contract, together with the return of the very experienced former CEO, has seen the share back to where it should be. Thr drop was way overdone
After last mediocre results l decided to sell at a loss.. Surprisingly,after that for one and a half weeks the SP kept rising by a penny or two each day..Today the SP rocketed and it seems all the insider's and their relations knew beforehand and bought in before today . It's borderline corruption.
Great news ..now nearly 100%up on my summer purchases
Others now waking up to the opportunity here.
Still a big upside. How nice when events very occasionally play out as hoped.
Good to see him return. He retired from Restore in 2019 to pursue other interests having spent the previous 10 years with the company as CEO. Must know it inside out, apart from the calamitous last couple of years when he wasn't present.
I take with a pinch of salt the company statement that they pursued a new CEO through an Agency to find the right candidate. Clearly if he was available, I would guess it was a basic chat to say 'fancy coming back to sort out the company again'? I suppose they had to goes through the formal process as a matter of protocol!
Great news. He will deliver value for shareholders. And also the Marlowe dimension. Makes a deal even more likely.