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Share Price Information for Restore (RST)

London Stock Exchange
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Share Price: 252.50
Bid: 250.00
Ask: 255.00
Change: -11.00 (-4.20%)
Spread: 5.00 (2.00%)
Open: 265.00
High: 256.50
Low: 251.00
Prev. Close: 262.00
RST Live PriceLast checked at -

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AIM WINNERS & LOSERS: Alba wins permits; Aptamer cash-strapped

Tue, 04th Jul 2023 10:32

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Alba Minerals Resources PLC, up 53% at 0.17 pence, 12-month range 0.090p- 0.23p. The northern Europe-focused mineral explorer wins ecological permits required for its planned dewatering and exploration of the primary target within the Clogau-St David's gold mine in north Wales. Says technical team and contractors are preparing the site to begin dewatering as soon as possible. "Detailed planning has been in train for some time so that we did not lose time once the permits were granted. Accordingly, we are well placed to complete our preparations on site and commence the dewatering exercise within a matter of days," says Executive Chair George Frangeskides.

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Kooth PLC, up 28% at 333.00p, 12-month range 107.00p-358.00p. The digital mental health platform wins a four-year contract worth USD188 million in California. Says it will provide services to the Behavioural Health Virtual Services Platform, a technology-enabled services solution for all children and young people in California. The service is expected to launch in January 2024. The contract will result in a "material" update to previous revenue guidance, now expecting not less than GBP34 million for 2023, up 69% from GBP20.1 million in 2022. Intends to hire over 200 staff in the next twelve months to support its Californian and broader US infrastructure. To fund this, proposes share placing at 300p per share to raise up GBP10 million.

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AIM - LOSERS

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Aptamer Group PLC, down 35% at 4.40p, 12-month range 3.01p-100.0p. The custom affinity binder developer warns it is running low on cash, with cash balance at the end of June standing at just GBP200,000. Consequently, requires short-term funding, and is reviewing "all possible financing options that are in the best interests of the company and its shareholder". Also reports decline in annual revenue, expecting around GBP1.8 million in the financial year ended June 30, which would be down 55% from GBP4.0 million the year before.

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Restore PLC, down 30% at 160.20p, 12-month range 160.0p-466.0p. The provider of digital and information management and lifecycle services says profit is likely to be below expectations, as its chief executive leaves with immediate effect. Says adjusted pretax profit in 2023 will be lower than the GBP31 million that is expected. Adjusted pretax profit in 2022 amounted to GBP41.0 million, so it expects a decline of roughly a quarter or more. Plans to cut permanent staff headcount by 230, in roles across senior managers, sales, support functions and operations. CEO Charles Bligh stands down by "mutual consent", with Senior Independent Director Jamie Hopkins taking the helm on an interim basis. Additionally, Chair Sharon Baylay-Bell becomes executive chair, also with immediate effect.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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21 May 2020 10:59

Restore issues no guidance due to Covid-19 uncertainties

(Sharecast News) - Document management firm Restore said on Thursday that it would not be "appropriate" to provide specific guidance for the current financial year due to the uncertainty presented by the outbreak of Covid-19.

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3 May 2020 22:43

Sunday share tips: Restore, Helical

(Sharecast News) - The Mail on Sunday's Midas column touted data-storage specialist Restore as a 'buy', calling attention to the resilience of its storage division despite the Covid-19 pandemic and strong demand at its IT unit.

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1 May 2020 14:27

UK DIRECTOR DEALINGS SUMMARY: Sales At YouGov, Learning Tech, Frontier

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UK TRADING UPDATE SUMMARY: Michelmersh And Titon To Restart Production

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21 Apr 2020 09:14

Restore pulls dividend amid Covid-19 uncertainty

(Sharecast News) - Document management firm Restore pulled its final dividend and guidance on Tuesday as it conserved cash amid the volatility caused by the Covid-19 pandemic.

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18 Mar 2020 13:42

Wednesday broker round-up

(Sharecast News) - Polypipe: Deutsche Bank upgrades to buy with a target price of 550p.

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18 Mar 2020 11:45

Restore Outlook Confident After Double-Digit Revenue, Profit Growth

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18 Mar 2020 09:30

UK BROKER RATINGS SUMMARY: Jefferies And Exane BNP Both Raise Reckitt

UK BROKER RATINGS SUMMARY: Jefferies And Exane BNP Both Raise Reckitt

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UK Earnings, Trading Statements Calendar - Next 7 Days

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30 Jan 2020 16:30

Restore ends 2019 in line with expectations

(Sharecast News) - Document management and business relocation service provider Restore updated the market on its trading for the year ended 31 December on Thursday, saying it continued to deliver on its strategy to create shareholder value through "consistent and reliable" organic growth, selective acquisitions and margin expansion opportunities.

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30 Jan 2020 15:04

Thursday broker round-up

(Sharecast News) - IG Group Holdings: Liberum Capital downgrades to hold with a target price of 695p.

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30 Jan 2020 13:12

Berenberg raises target on Restore following 'excellent' year

(Sharecast News) - Analysts at Berenberg upped their target price on support services firm Restore on Thursday following an "excellent year" for the business.

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30 Jan 2020 12:06

Restore Says 2019 Goals Achieved With Results In Line With Guidance

Restore Says 2019 Goals Achieved With Results In Line With Guidance

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30 Jan 2020 09:27

UK BROKER RATINGS SUMMARY: Barclays Restarts WH Smith With Overweight

UK BROKER RATINGS SUMMARY: Barclays Restarts WH Smith With Overweight

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13 Dec 2019 13:11

Restore Appoints Former Workspace Jamie Boss Hopkins To Board

Restore Appoints Former Workspace Jamie Boss Hopkins To Board

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