Member Info for Cautiousman

Totally agree.

And a very secure yield north of 5%.

Certainly no issue with tariffs!

Would not be at all surprised if Safe doesn’t finish the year with a share price of plus 50% from where it sits today.

Still reeling from Team Internet hit.

And now this. Totally out of the blue.

They say things come in 3’s so for anyone like me waiting on Restore and Renold updates next week be very afraid!

Skinner has put a further £280k into Restore shares .

Now holding close to £5m worth of shares.

He definitely has some “skin” in the game. (Forgive the pun)

A rather short Trading Update as follows:

“During the Period, Restore continued to deliver solid revenues, underpinned by the core storage and highly contracted and recurring income streams that are a central feature of the Group's profitability and cash generation.

The Group remains focused on its strategy of improving operational and financial performance and maintaining good cash generation. The Board remains confident of achieving its full year expectations. “

Says it all really.

Share price has moved plus 20% in four weeks.

This still has some way to go.

And nothing too dramatic yet from Skinner.

Interesting how the mere suggestion of a takeover has done far more for the share price than months of Share Buybacks.

Really not sure that companies should bother with buybacks.

Either use surplus cash in the business or return to shareholders by way of dividend.

Agree with everything said.

Profits growing nicely; debt very much under control; and in a sector which has to have a great future.

Do not quite understand why it is so obviously unloved.

Can only wait patiently for sentiment to change.

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.

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.

Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, announces a trading update for the six months ended 30 September 2023 (the 'Period' or 'First Half').

The Directors are pleased to report a strong first half trading performance, including:

· Revenues of approximately £88.0m (2022: £59.4m). Organic revenue growth in the Period being in excess of 35% on a constant currency basis;

· Adjusted profit before tax* of at least £7.0m (2022: £4.2m), reflecting a 67% year on year increase; and,

· Strong cash generation from trading activities, contributing to settlement of deferred consideration relating to previous acquisitions, and paying down the Group's borrowings.

All looking pretty positive.

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.

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.

From today’s announcement:

Record underlying revenue and EBITDA

Confident FY2024 outlook with a sharp increase in earnings and free cash flow expected due to completion of major integration projects.

All progressing rather well imo.

Always comforting to see a CFO buying shares!

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!

Others now waking up to the opportunity here.

Still a big upside. How nice when events very occasionally play out as hoped.

Great news. He will deliver value for shareholders. And also the Marlowe dimension. Makes a deal even more likely.

Still on the up. And still some way to go. My best performing share - though at the moment that's not too hard!