Updates

Restore

April 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Restore has announced strong results for the year to December. Sales were up 26% to £67.5m with adjusted profits up 20% to £12.9m for eps of 12.3p.Relocations had a good period with 16% revenue growth to £30.1m (underlying organic revenues +7%) with profit up 50% to £3.3m.Storage revenues grew by 35% to £37.4m with profits up 12% to £11.5m. New box growth remains strong at 6%, better than the recent trend but the driver was six acquisitions in the period, two being significant ones, completed at a cost of £34m or 1.3x revenue, says chief executive Charles Skinner. The multiple was lower than the 3-4x you might have expected to pay for a document management business because on a combin ...

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Restore - £61m acquisition of EDM (June 2021)

Restore - Prospective PE of 15.2 (September 2020)

Restore (September 2017)

Restore (March 2017)

Restore - Buys No.2 in shredding (August 2016)

Restore - Gain since June 14: 78.3% (April 2016)

Restore (December 2015)

Restore (August 2015)

Restore - Buys rival for £23.5m and becomes no.2 in document management (November 2014)

Restore (October 2014)

Restore - High visibility of earnings (June 2014)

Radstone - Forecasts for year maintained despite weak first half (December 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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