Updates

Restore - Gain since June 14: 78.3%

April 2016

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 and pretax profit before exceptionals (due to restructuring lossmaking acquisitions) were both up 36% to £91.9m and £16.3m, respectively. Eps were up 27% to 15.6p.The Wincanton Records Management business, which was bought in September, is bedding in as planned and post the period end, Restore has sold the Irish operations that came with it for £27.8m as it had limited synergies with its UK business. That should make a serious dent in year end debt of £60.6m.Document Management had a strong year with revenues up by 46% to £54.7m and profits up 31% to £15.1mThe company points to solid demand in Storage with box growth excluding acquisitions of 6%. The ...

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Digital Barriers

Accesso - Strong visibility through to 2022

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 (December 2015)

Restore (August 2015)

Restore (April 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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