It's an amazing feat to have renegotiated their Banking facilities in the teeth of a World-Bank melt-down . . .
But having said that (positive), this business shows all the hallmarks of one whose customers have deserted them =- about the same as Woolworths.

Just what does JSP offer customers that they can't get (cheaper On-Line) elsewhere - nothing that's my take...too many shops are just too large to support the level of business - in effect the print-business - but that's nothing compared with selling traditional cameras.
But doesn't everyone have a camera - or a phone-camera . . . quality doesn't matter for the majority - just the convenience of sending a snap on-line using yr phone - that'll do.....the "amateur interest" in cameras has evaporated IMHO - folk can sit at home and manipulate their photos on computer.
Today's 45% rise is MM opportunity . . . . but really does not address the business model issues.
All IMHO, my holding is barely worth a stamp.

Sorry hangon - just read the last sentence of your post 16. Senility I'm afraid.

Today Jessop Shareholders are effectively "wiped-Out" ( see RNS)

Seems the rump-Management will shunt the parent co. off the Market in exchange for 100k, meaning that if you hold 100 shares you will be lucky to get 9p.

( Not sure what will happen next, but I'm guessing Managment has lined up a feathered nest for their exclusive use.)
You'd think this "brand" was worth something, but clearly the cost of "retail" is far more than "on-line" where digital cameras are available heavily discounted.

A disgraceful end for a promising floatation - remember this was well over 1 - Oo-er, - and Grr also.

DYOR . . . . all IMHO.

...Any other views...?

They have been saying for some time now shareholders won't be getting anything. It said in the press a few days ago that the company is now jointly owned by 3 parties, one of which is the banks.

Thankfully I don't own but commiserations to those that do.

sorry, but bloody fools if they do ..... jessops has been a disaster for more than a year and has been well flagged as such

ANOTHER ONE BITES THE DUST...


Trade in Jessops shares suspended ahead of winding-up

Jessops says it will be able to continue as normal with this deal
Shares in camera retailer Jessops have been suspended from trading, as shareholders prepare to vote on winding up the firm as part of a restructuring.

Jessops sold its 213 shops to private firm Snap Equity in September 2009 and these will continue to trade.

If shareholders accept 9.7p for every 100 shares owned at a meeting on Thursday, the firm will be liquidated.

If the plan is voted down, the shareholders risk getting nothing as the firm's huge debts are paid off.

The company is urging shareholders to vote in favour of the proposed voluntary liquidation.

Restucturing

Snap Equity now owns Jessops Group, which contains all the company's assets including its shops and stock.

It is the firm's old parent company, Jessops plc, which is now set to be wound up.

Jessops' biggest creditor, HSBC, owns 47% of the new company, with 33% owned by the pension trustees and 20% by an employee trust.

HSBC has given the new company a 54m loan to pay the debts of the old Jessops, but is waiving 34m of this in return for its stake. This leaves the new firm with debts of 20m.

Jessops has said the restructuring will secure about 2,000 jobs and the High Street shops will remain.

Frank Jessop founded the company as Jessop of Leicester in 1935 as a specialist photographic retailer. Alan Jessop, Frank's son, sold the firm in 1996.

Jessops refloated on the stock exchange in 2004, but has been hit by its heavy debts and increasing competition from supermarkets and internet retailers.

Wasn't this one of MR RSI's ramps ?

Isn't this kinda disaster that shareholders pay Execs to avoid...?
What was the retribution handed out to the lack-lustre management as they continued with a business model that was doomed....?
Another example of how shareholders are in a lose-lose situation (OK maybe not if you hold Cabury L-T), -and Management is paid a King's Ransom for doing little more than turning up for three Board meetings a year...
I held a few some years back, sold already. Better to put that money into a decent camera.
Grr -

Finally - Jessops camera chain in administration

2000 jobs gone terrible .

HMRC loses £1m as Jessops folds

Jessops, the photography retailer which was placed into administration in January, collapsed under debts of £81m, a third higher than original estimates.