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Hi Scooby..yup, I think you hit the nail on the head, many folk chase the 'popular' or RNS of the day, so stocks like RST are often ignore by many for long periods, however, stocks as such have their day in the sun eventually as the fundamentals always win out in the end and I would expect a trip back over 400p+ is ahead , from what I see they are doing everything right and business is and should only improve going forward :-)
Hi Surprised -
Do you know why RST is trading at these levels? Should be 400p+ Just doing a bit of research on this co. Why the negative sentiment on ths co. ? Un s e xy?
https://twitter.com/surprised_trade/status/1355053504608526336
a 'recovery' stock recovering through lockdowns and set for both further recovery and growth as economy opens up...Today's RNS ''..and will deliver a substantial increase in profits and sh value''..... Tech waste/recycling will only grow and grow
https://twitter.com/surprised_trade/status/1348905088534933505
Following this acquisition, Restore Technology becomes the number one IT recycling business in the UK ...new target raised to 420p
nice acquisition and tech waste and recycling will only grow and grow :-)
back on track...strong position..i like it!
https://twitter.com/surprised_trade/status/1326554271706329091
https://twitter.com/surprised_trade/status/1323563160301899778
looks set for recovery of the sp, clear aims to continue growh and improve all aspects, I'm in at 299.9999p :-)
Gap up! Bought this on a tip some months ago. Now seeing some SP action.
I remember Jim Slater tipping this share about six years back as one to watch. He has now passed away but I bought them at the time at around £1.75. I have sold and bought back a few times when they've reached about £5. It's a well run business with huge potential. I'm mystified why the share price regularly drifts downwards for no good reason, after what seem to be encouraging results. Yes, there is debt but the management know the business well, and have been very prudent this year. The big spread in the share price is really annoying, but I suppose that is the way of the AIM market.
This looks like a well run business with a strong business model and strong balance sheet that is rather battered by the Covid19 storm. Great recovery play? Thoughts ...
almost a level finish ,got distracted with the buying last hour at ncyt , hoping for a strong day here tomorrow
on the move up again ,some liked the opportunity to pick up lower priced shares
...why it's down 7% today..??
There you are Matt and dar, £5 done.......!
Ref investments, great performance, selling 10% of my holding to fund other purchases, original purchase at £4.20, so very confident in this company. Hold if you are in, buy at next dip if not............
...shakalaka. Price target done with 3 weeks (ish) to spare. Need to work outr what to do next now!!
Hi Matt, As I said before RST is a solid company and your year end target of £5 is most certainly achievable. Best wishes for Christmas David
...get to my £5 yr end tgt. Just 20p to go!!
I like that the new management are concentrating on organic growth; margin improvement; and cash generation.
Keep pushing hard at each of those and the share price will respond accordingly.
That's a bit more like it....!! :-)
All going according to plan it seems. Would have expected a slightly better share price response here!
Hi Matt,
I am sure you have seen the interim accounts issued on the 31st July (brief summary below)
Financial highlights*
· Group revenue up 15% to £106.2m, including organic growth of 3%
· Group adjusted profit before tax up 17% to £20.1m (statutory PBT £12.0m, up 30%)
· Group adjusted operating margin up 60bps to 21%
· Adjusted earnings per share up 10% to 13.1p (Basic EPS 7.8p, up 28%)
· Document Management revenue up 15% to £80.4m; adjusted operating profit up 22% to £21.5m
· Relocation revenue up 13% to £25.8m, adjusted operating profit up 4% to £2.7m
· Operational cash conversion of 115%, reflecting strong levels of operational cash flow and a material reduction in exceptional costs to £2.0m (2018: £4.3m)
· Net debt at 30 June 2019 reduced by £16.3m from year end position to £95.0m, with leverage reduced to 1.8x adjusted EBITDA within the normal target range 1.5-2.0x (FY18 2.1x adjusted EBITDA)
· Interim dividend per share up 20% to 2.4p
I was impressed that RESTORE filed these accounts six weeks earlier than last year, apart from the fact these accounts were impressive.
Your target of £5 is certainly looking good. Definitely HOLD
Cheers
Dave
Hi Dave. Well my end year price target of £5 looks pretty good at the moment. Bottom line - poor sentiment on good qaulity mid-caps where no fundamnetal changes are evident more-often-than-not provides excellent buying opportunities. Sure, sometimes it'll bite you, but generally you make good money oif you're brave in these situations.