The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
About time this had a re-rate, one of my most frustrating holdings.
IMO concern over the debt - but now given the reassurance of the PBT + potential cost savings + growth prospects and the debt coverage cushion (despite higher interest charges).
Dominant market player in their sector enables them to rise prices that can be easily absorbed by customers.
PE(f) per stocko - c12 - historically cheap compared to previous PER
II returning in droves.
Should be back to 400s
No idea why the sp remains so low. Only good news re the future. Seems sp undervalues Restore.
Could be some positive expectations of the upcoming results. Can’t think what else really, unless someone is accumulating a position.
Que?
With the rise today I am back in the black, They must be good results coming on the 24 November 2022.
I have been here since April 2016 and bought at £302 but purchased many since and now showing a overall loss, hope the results are upbeat next month.
Held longer than I realised - since 2013!
If you look at the chart (LSE doesn't even go back that far) it was a nice steady rise till 2018 but has been going nowhere after that.
I've held these for several frustrating years. Had them since 127p and seen them above 500p a few times.
Never thought they'd end up stuck down at these levels.
I’m in here mytton. Perhaps this is suffering as a tech play or maybe the debt? Who knows. I think the market is underestimating the essential nature of Restore’s services and this is probably a recession proof play.
Anyone else interested in RST? Been following since the failed takeover by Marlowe.
Turnover up and record demand for its services yet SP at year low - is it just worries about cost of borrowings?
Contract win, some big buys this morning, yet price hasn't even recovered from last few days drop.
Wonder what the likelihood is of RST being taken out by a bid while price stays this low.
https://twitter.com/surprised_trade/status/1521738721216897026
rns - Strategic acquisition increases Restore Technology capability
Excellent news, rather flat for a while, although 3 year chart good, was thinking of ditching but on basis of news, will top up!
Broker raiaes valuation to 645p.
James Wood at Canaccord Genuity observed Restore’s record revenues and earnings underlined ‘the resilient nature of the mission-critical and increasingly technology-enabled services’ which the company provides to its public- and private-sector customers.
As well as keeping his Buy rating, Woods raised his sum-of-the-parts valuation for the group from 615p to 645p.
https://www.sharesmagazine.co.uk/news/shares/investors-in-restore-rejoice-at-record-earnings-and-growth-plans
Investors in Restore rejoice at record earnings and growth plans
....thanks to improving momentum throughout the year the revenue run rate at the end of the fourth quarter was more like £260 million, 20% above 2019’s level.
The acquisition of EDM in April 2021 effectively doubled the exit run rate of the Digital business to £46 million while at the same time delivering margin benefits due to the unit’s increased scale.
Three smaller acquisitions helped double the exit run rate of the Technology business to £34 million, also with a positive margin effect.
Pre-tax profits increased by a whopping 475% to £23 million, while EBITDA (earnings before interest, taxes, depreciation and amortization) rose by 29% in line with turnover.......
Yep. really good results. Still, PE of 19x is giving them the benefit of the doubt going forwards. I'm a happy holder here, but above £5, I'm looking to let a few go.
https://twitter.com/surprised_trade/status/1503998641371033600
Exceeding expectations, Revenue £234.3m +28%, adj profit before tax £38.1m +64%, record revenues and profit demonstrating strong strategic progress, expecting further financial and strategic progress in 2022
Revenue up +28% to £234.3 million (2020: £182.7 million) driven by:
o Organic growth +5.0%
o COVID19 repair +5.6%
o In year acquisitions +16.4% plus full year effect of prior year acquisitions +1.2%
· Adjusted profit before taxation up +64% to £38.1 million (2020: £23.2 million) and operating margin increasing from 18.5% in H1 to 20.7% in H2
· Statutory profit before tax up 475% to £23.0 million
· Strategic acquisitions successfully completed totalling £86.3 million during 2021, delivering a post synergy ROIC4 of 13.0%
· Strong Cash conversion5 at 85% with closing net debt at £100.8 million and leverage6 of 1.8x
· New increased debt facility agreed post year end at enhanced terms, providing further capacity for continued investment
· Proposed final dividend of 4.7 pence, taking total dividend for 2021 to 7.2 pence (2020: nil pence)
CURRENT TRADING AND OUTLOOK
2021 saw delivery of record revenues and profit demonstrating strong strategic progress and the resilience of our revenue and markets despite a challenging economic backdrop.
The new financial year has started well, in line with our expectations, and we are expecting further financial and strategic progress in 2022, which will benefit from:
https://twitter.com/surprised_trade/status/1491071043523465222
I think they said it was a Hold
the good news is they see RST as a buy :-)
I have been a lifelong Telegraph reader. The paper has some great journalists not least those contributing to the City pages.
However, they occasionally have to admit that they made the wrong call when tipping shares and recommend holders to sell at a loss.
https://twitter.com/surprised_trade/status/1491015056925999104
tipped today in the Telegraph....broker target 615p
And GURU Bogdan B thinks it is rubbish.. I continue to believe in Questor.
There is a good article in todays Telegraph on Restore