Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Describing itself as “the UK's leading provider of digital and information management and secure lifecycle services”, Restore plc (RST) recently announced results for the first half of the 2023 calendar year noting “a difficult period” but that “current trading remains in line with the board's revised expectations to achieve an adjusted profit before tax of £31m for the full year”. On HotStockRockets, we noted that we considered that suggested recovery value from a then 142p offer price of the shares just over a week ago. The shares are already now at 180p.
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.