Restore (RST)

Sector:

Support

Index:

FTSE AIM 100

266.00p
   
  • Change Today:
    -2.50p
  • 52 Week High: 290.00
  • 52 Week Low: 125.00
  • Currency: UK Pounds
  • Shares Issued: 136.92m
  • Volume: 198,624
  • Market Cap: £364.22m
  • RiskGrade: 1

Restore snaps up records management firm

By Benjamin Chiou

Date: Wednesday 20 Mar 2013

LONDON (ShareCast) - AIM-listed support services firm Restore announced a placing to raise up to seven million pounds to fund the purchase of File & Data Storage, a records management services company in the UK.

The acquisition of File & Data is worth an initial consideration of £6.1m but includes a cash earn-out capped at £150,000 subject to the its financial performance.

"The acquisition of File & Data will further strengthen Restore's position as one of the UK's leading providers of records management services and brings the benefit of some strong and long-standing customer relationships," Restore said in a statement.

It plans to place up to 6,558,559 new ordinary shares at 111p each, raising up to £7.0m after expenses.

"Restore has been active in consolidating the UK records management market since 2010 to become what we believe is now the second largest provider of records management services in the UK," said Chief Executive Charles Skinner.

"File & Data has a strong national presence and some excellent customer relationships and its acquisition will further enhance our platform for growth. The Board looks forward to the contribution to the Group that File & Data will make."

Shares were 5.63% higher at 122p by Wednesday afternoon.

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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 266.00p
Change Today -2.50p
% Change -0.93 %
52 Week High 290.00
52 Week Low 125.00
Volume 198,624
Shares Issued 136.92m
Market Cap £364.22m
RiskGrade 1

Restore Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.39% below the market average27.39% below the market average27.39% below the market average27.39% below the market average27.39% below the market average
24.44% above the sector average24.44% above the sector average24.44% above the sector average24.44% above the sector average24.44% above the sector average
Price Trend
15.15% above the market average15.15% above the market average15.15% above the market average15.15% above the market average15.15% above the market average
10% below the sector average10% below the sector average10% below the sector average10% below the sector average10% below the sector average
Income
53.21% below the market average53.21% below the market average53.21% below the market average53.21% below the market average53.21% below the market average
46.88% below the sector average46.88% below the sector average46.88% below the sector average46.88% below the sector average46.88% below the sector average
Growth
17.6% below the market average17.6% below the market average17.6% below the market average17.6% below the market average17.6% below the market average
25.25% below the sector average25.25% below the sector average25.25% below the sector average25.25% below the sector average25.25% below the sector average

What The Brokers Say

Strong Buy 5
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 7
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 06-Jun-24 21-Sep-23
Paid 09-Jul-24 20-Oct-23
Amount 3.35p 1.85p

Trades for 31-May-2024

Time Volume / Share Price
16:35 51 @ 266.00p
16:35 51 @ 266.00p
16:27 544 @ 262.00p
16:25 1 @ 261.66p
16:00 1,069 @ 265.75p

Restore Key Personnel

CEO Charles Skinner
CFO Dan Baker

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