I tipped Restore (RST) at a 181p (offer) share price on June 10 this year. Its shares are now 228p but there is still plenty of upside. My next hot tip – which I really like goes live at 3.30 PM today on my Nifty Fifty website. You can get immediate access HERE. Now back to Restore.
We are 26% up on this share tip in less than three months but there is more to come. Restore (RST) has announced results for the first half of the 2014 calendar year and stated that “we remain confident of making further progress in the second half of the year and our full year expectations are unchanged”.
Previously updating on this website on Restore plc (RST) I concluded that the share price – then 182p - looked to have largely caught up with events after a very strong run in recent years. The following updates my view following a first half year trading update last week.
Restore (RST) is a share tipped by Tom Winnifrith and Steve Moore at 30p back in 2010. They both still like it and see meaningful upside at a 176p offer. This is not a blow your socks off buy but a solid “sleep soundly” investment to make you market beating returns without worrying. It is a dull and predictable generator of great cashflows…what is wrong with that?
Restore plc (RST) has announced a £0.4 million acquisition of Filebase Ltd, a provider of records management and secure shredding services, predominantly in the north-east of England. Following the £4.6 million acquisition of a similarly focused company - Magnum Secure Ltd – last month, the following updates on a company that has been highly successful since Tom and myself started covering it some years ago.
Following results which nudged the share price of UK office services business Restore plc (RST) further higher, broker to the company Cenkos has updated with a ‘buy’ stance. Does this stance have merit?
Restore plc (RST) has announced results for the 2013 calendar year in which it was “pleased with our performance… and the further progress we made in line with our strategy of growing a market-leading UK office services business”. With the company also looking “forward to delivering another year of strong progress in 2014”, the following updates with the shares having nudged higher to a current 186p.
UK document management and office relocation company Restore plc (RST) last week updated that “trading for the year ended 31 December 2013 was in line with expectations” and that its “markets remain robust, and we continue to have an excellent platform for profitable growth”. So we should fill our boots, right?
Restore plc (RST) has announced that, as “a consequence of the reduction in the shareholding of Geraldton Services Inc., which as announced on 26 September 2013, no longer has a notifiable interest in the company's issued share capital”, Andrew Wilson has stepped from a non-executive position on the board and that recruitment consultants have been retained to identify a replacement non-executive director. Geraldton held 43.6% of Restore’s shares before a 131p per share September placing and with Restore’s shares up from sub 34p three years ago and 110p at the start of 2013 does Geraldton look to have made a shrewd value call?
I previously commented on AIM-listed, UK-focused, physical document management and office relocation business Restore plc (RST) as it saw its market cap move above £100 million on the back of a May AGM trading update – see HERE. On no news the shares subsequently drifted back from their then 136p to close at 117.5p yesterday, though they are currently up to 121.5p today on the back of a trading update for the six months ended 30th June 2013.
AIM-listed, UK-focused physical document management and office relocation business Restore plc (RST) has seen its market cap today move above £100 million on the back of an AGM trading update. This is a company I began covering as a turnaround story when the shares traded at 28.5p - capitalising it at then little more than £13 million - in November 2010.
