After a disappointing start to its float, things are starting to pick up. Since the release of results in December, the shares have steadily increased from 147p to 161p.

The group has a strong and fast growing market share and should perform well.

Another PW...oh dear, - yet I can't say I'm surprised - a bit of competition from just about everywhere sure hits their bottom line.
Indeed I'm surprised anyone thinks this is a good business to invest in.
-When was the last time you paid full-price for any photo-gear?
Yet JSP are charging silly proices for SD Memory - about 38/1G I think....and I got some Kingston (Lifetime g'tee) for 12 locally.

Jessops prices are too expensive...their cameras can cost 3 times more than other internet sites...no wonder profit warnings hit them again and again...SELL down to 50p.

I don't find it is so much their cameras, though I do live in Guernsey where the VAT is taken off, but their ancillaries that are extortionate such as memory cards filters tripods flashguns. 7 day shop is much better value for them

It is no wonder that when Jessops float in October, 2004 at 150p per share, its value has hardly stayed above that value.

Disappointing sp I was in these briefly, I like what they sell and their shops but it looks a bit grim at the moment.

jessops have been here b4 only worry is the bank overdraft ??????????

hlyeo98 - it seem yr 50p suggestion has come early! (nearly there).
Given that most of recent posters have been saying the JSP bits are too expensive JSP has two options IMHO:-
1) Drop all but flagship shops (saves rent and wages) and
2) provide a customer-based web-offering which can be more dynamic on price etc...and could allow them to branch into PC's perhaps as the new wave of free-software hits traaditional PC suppliers who are tied to Microsoft.
[I think Google and Linux together will soon make expensive software a thing of the past - we shall have only a browser on a PC saving HDD storage and Memory - so soon a pc on the move can be solid-state - you save yr files at Google. If Vista is mis-handled it could be the boost Google needs if they can write a basic Operating system - I don't think it needs to be as complicated as full-Linux, although that platform is "free", it still uses too much memory and HDD space....By cutting out the HDD and reducing memory (and boosting the graphoics card) most users will find only benefits. Encryption would be offered to prevent loss of sensitive data... The consequences for the PC industry will be dire so sell: Microsoft, Dell, HP (other than printer-sales etc.)...]

Driver: - I agree the shops/staff are OK - but what does the future hold ...can JSP ever charge profitable-prices, when the likes of Dixons has thrown in the towel?

I rest my case; but I didn't think the slide would be this quick...today there are many small Buys - I suppose these are punters averaging down - a tad too soon, I fear. Nevertheless, good luck.

this is such a disappointing share. One would expect with a competitior like Dixons throwing in the towel, they'd be getting more business not less!.

I got shaken out lof these last year in May at about 109 havign ridden them up from the 70s but banked a respectable profit. Was cussing when it went to 150 ish. Tempted back in at these levels, could be tempting for the private equity boys. I reckon a bid around 75p could be on based on cashflow, enterprise value etc. BWTFDIK?

In at 53.5 what the hell.

Going Down

A lot of buys at this price.

Noticed on passing their store today they have a half price sale on memory cards, which makes them priced to the competition. I find their staff generally knowledgeable and helpful but this attentiveness can lead to other customers waiting excessive times. It looks like they are oversold now. Have not done the sums but there must be appoint when they become below the NAV if not already and therefore very undervalued.

Memory cards are a quarter of the price on ebay I paid 25 for a 4g for my phone they should be about 70 it's the same for camera cards as well, memory cards are not going to save Jessops

http://photography.search.ebay.co.uk/memory-cards_Digital-Camera-Memory-Cards_W0QQfromZR34QQsacatZ18871

It's possible that the improvement in phone cameras has improved to the extent that a point and shoot digital camera is no longer worthwhile. Jessops does have an established internet business though so it can quickly change prices. I think its new printing service of uploading from home to their system and getting t shirts, calenders and mugs made is quite good especially when you can pick up the items from the most convenient store. I have just bought 10,000 at 54.5 and hope ihave grabbed a knife that's landed rather than one that is still falling...

Falcothou
I agree I think they are good value at that price, should bounce tomorrow, good luck.

to put this into perspective they floated at 160p
I think they will fall further and worried about them going pop so this is high risk..

Not sure about going pop? -this is a business that was very strong in the "photographic days" - now with digital cameras, JSP didn't realise it was about to explode (and prices imploded!) - this combination's been their downfall, IMHO.
I have bought some as a punt at 52.95 - must be near the bottom- the stock is oversold.
The next question is what are they good at?
=With shops they are able to push specific brands and this should be used as a lever....also they have excellent D&P facilities and for some years (before I went digital), I would get them to scan a film to CD - so I was getting experience in Software editing long before the digital camera was bought.

I think they should do photography/video courses (for customers) and maybe Competitions....very cheap to operate and prize photos go on their website with the possibility of selling-on.
There is no doubt that prints from Jessops are a lot better than injet prints done at home (although slightly more inconvenient, but for some folks planning to shop nearby - it's no inconvenience).
+JSP has a good turnover, despite the current figures and profit margins are not all that bad. I suspect that at sub-50p they are a Bargain...currently about 1/2p more than I paid, I'm happy to hold at least until they declare their hand - will that make things worse?...I doubt it. They still have a fantastic brand and good staff.
The news (here) about memory is "good" - I imagine they weren't selling too many at the full price, whatever the "qulity aspect".
If I make a few-hundred out of the bounce, that will pay for a decent SLR =from JSP of course; as I don't trust on-line stores, other than High-Street names...and prefer to see 'my' camer working, before handing over the money....
_Will they reach 40p? - - - it's possible and we've heard little from the Company - but Markets usually 'over-react' and that's the basis of my Punt.
Good luck.

Pretty ,much agree with your comments hangon. I have been talking to a few punters re Jessops today. One had a video recorder that expired out of ~Warranty. jessops helped with getting it repaired foc despite this, try that with an on line firm. Another who teaches photography got a D200 with tidy lens from them for 800 it was a return (bargain). I had a memory card that became unwriteable after the camera switched off and jessops helped re-format it. I bought a pentax optio a while back from pixmania which gave the best internet price at the time, this came with a French manual which is really bad news as to get the best out of even a simple camera like this you need a manual. They also bombarded me with e-mails about special offers and refused to reply to an email for another manual. You also run the risk of paying by card on line SLR's are of course even more complex and it is handy to be able to drop in on a shop for queries. I find my printer at home very unreliable in terms of producing good prints and so a lab with a printer that uses a superior one is an option.
I think they have expanded too fast and in Oxford for example they have 2 shops in the city centre which is wasteful imho. The helpfulness of the staff can cause problems with slow service but the automated processing machines help reduce this.
I expect a lot of stop losses have been triggered that have knocked the sp. as well as the market crash. The knife seems to have stuck in something for the time being

Hi,well this has seen better days what a drop off,must be some other mugs about bar than me,,bought today.