Restore (RST)

Sector:

Support

Index:

FTSE AIM 100

402.00p
   
  • Change Today:
      49.50p
  • 52 Week High: 556.00
  • 52 Week Low: 311.00
  • Currency: UK Pounds
  • Shares Issued: 124.90m
  • Volume: 190,691
  • Market Cap: £502.09m
  • RiskGrade: 1

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Focus on strategy sees Restore through third quarter

By Josh White

Date: Wednesday 06 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Document management and business relocation services provider Restore updated the market on its trading for the nine months ended 30 September on Wednesday, reporting that it had continued to deliver on its strategy to create shareholder value through a combination of organic growth, selective acquisitions and further margin expansion.
The AIM-traded firm said trading had continued to perform in line with the board's expectations during the third quarter.

It explained that, further to the net box growth reported in its first half results, its core records management business had continued to show net box growth in line with Restore's expectations.

A new managing director had been appointed to Restore Datashred, with the board reporting that the "robust" operational performance delivered in the first half had continued through the third quarter, although wholesale paper prices remained below prior-year levels.

Restore Harrow Green - the office relocation business - also performed well in the third quarter, led by "strong" delivery in the key London region, with Restore Digital and Restore Technology performing in line with expectations.

The company said its ongoing focus on cash generation meant that leverage continued to decrease year-on-year.

On the acquisition front, the board said it was continuing to see opportunities for selective acquisitions across the markets in which it operated.

During the third quarter, three small acquisitions were made - one in Restore Records Management and two in Restore Technology - both of which would be absorbed into existing facilities, the board said.

"We enter this next stage in Restore's evolution, with each of our businesses performing well and in line with our expectations," said chief executive officer Charles Bligh.

"This provides a strong platform from which we can continue to deliver on our strategy of generating shareholder value through organic growth, selective acquisitions and margin expansion.

"I am pleased to welcome Neil Ritchie, CFO, and Duncan Gooding, managing director of Restore Datashred, to the team."

As at 1321 GMT, shares in Restore were up 0.93% at 413.8p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Restore Market Data

Currency UK Pounds
Share Price 402.00p
Change Today 49.50p
% Change 14.04 %
52 Week High 556.00
52 Week Low 311.00
Volume 190,691
Shares Issued 124.90m
Market Cap £502.09m
RiskGrade 1

Restore Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.15% below the market average36.15% below the market average36.15% below the market average36.15% below the market average36.15% below the market average
40.74% below the sector average40.74% below the sector average40.74% below the sector average40.74% below the sector average40.74% below the sector average
Price Trend
35.78% above the market average35.78% above the market average35.78% above the market average35.78% above the market average35.78% above the market average
32.17% above the sector average32.17% above the sector average32.17% above the sector average32.17% above the sector average32.17% above the sector average
Income
73.1% below the market average73.1% below the market average73.1% below the market average73.1% below the market average73.1% below the market average
69.62% below the sector average69.62% below the sector average69.62% below the sector average69.62% below the sector average69.62% below the sector average
Growth
42.93% above the market average42.93% above the market average42.93% above the market average42.93% above the market average42.93% above the market average
43.93% above the sector average43.93% above the sector average43.93% above the sector average43.93% above the sector average43.93% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Restore Dividends

  Latest Previous
  Final Interim
Ex-Div 28-May-20 03-Oct-19
Paid 03-Jul-20 09-Nov-19
Amount 4.80p 2.40p

Trades for 07-Apr-2020

Time Volume / Share Price
17:11 2,500 @ 402.00p
16:45 1,606 @ 402.00p
16:41 10,000 @ 401.00p
16:37 437 @ 410.00p
16:33 1,500 @ 386.00p

Restore Key Personnel

CEO Charles Bligh

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