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.

count your fingers

Up 25% today - but that was from a low start...obviously somone want these shares.

Re a poor exec register.... "Shares" helps in this respect, being able to keep punters up-to-date but what we need is a dedicated web-site to cover such persons...might be a useful place for good execs to be recruited....anyone want to develop this?
I understand LS was given 2m as a reward - to further his pension pot. Tell that to our WW1/WWII brave war-pensioners, whose quality of life is dire!

cynic
what do you mean count your fingers ?

Brand has value, eh?
Well maybe from the consumers' viewpoint...it's nice to ses a familiar shop, all the stuff laid out, helpful staff...but then you get to the paying bit - and realise the same camera can be bought for 50 less, maybe including a larger memory card. No when you're paying 1000 for a camera this amount may not concern you, if you think the after-sales service is worth having....but I can't recall Jessops ever having a repair shop - OK they used to collect all the s/h cameras and give 'em a clean.
However, the modern camera is unlikely to fail (other than being dropped!). So what added-value do you get "after" the sale?
The JSP memory-prices are horific and even at their "half-price" they look expensive to me. Along with Woolworths, there is very little margin on the High Street....large shops need to be shifting stock - (whatever they sell) so the pattern really is supermarkets, aiming at the average bulk-purchase.

My local Tesco is nearer than Jessops - and has a reasonable range of cameras - not too many but probably those where the margins are best.

So what is a brand?
A brand is what is left when you strip out all the bits that you can get elsewhere.
Thus you can buy a calculator for 3 or you can go to a fancy shop and buy the same thing branded Ferrari - now unless you are a fool you must realise they are the same product. However, if it has a natty slide-cover that protects the display, or it alone has a stopwatch function, lap calculator etc then the branded calculator is "more" -it is bang-on for sports meetings etc. The fact that it is now four times (or ten times the price is of little concern - you are buying that something "extra" you believe the branded product will provide. In this case it is an extra calculation routine and some mechanical protection.
Now consider the Jessops brand....just what are you getting that you need for that extra money? In the days when watches needed a service, adjustment and care it made sense to buy from a local watchmaker, repairer - although I can never remember them making watches....but you couldn't send your watch anywhere else.....so you paid the price and each town had two so prices were kept in check.
I don't disagree that JSP has a brand....but that doesn't mean it has value....well not until it is supported by something....historic performance and service are Good - but most folk want the Here and Now.....and on that score JSP has nothing other than shops- and that is the very thing that pushes up prices as long as volumes remain low.
Digital cameras are commodities and most folk have them. I don't see JSP can return to good sales - they need to trim their overheads to the reducing volumes.........
"Count yr fingers"? - I wondered too - - perhaps he's suggesting wait a little while....
i.e. do we think the next RNS will be bumper profits?
....(Up a further 15% today, but still very low prices....this could get nasty IMHO. But I've been burned once.)

i am suggesting that falling knives tend to be very sharp

700202
Well Done for having the balls to get back in and trade at a profit.
You derserve some luck
Cheers
Amar

Rumour of KPMG-involvment, but no RNS at 14.45 so that looks a tad careless.
/

My guess is it's a debt-for-equity swap, or slightly less worse, a major placing (ie no benefit to shareholders).
Retailers have been saying Easter was poor and one has to assume that JSP was no better - they have been advertising recently in the Nationals, but until costs come down I can't see the shop-overhead being covered by reduced margins.
I hold only a token having lost considerably believing there was value in the shops - now I think it is the shops that detract from value.....oh dear.
(Monday, today): dipped to c. 15p and has recovered slightly but is still down on the day. I suspect we may not see 25p for some time.....oh dear, again.
Any positive views, - perhaps those who are buying at these levels?

cynic , i think you are right on this one . The sp is going down again , i guess to a new low .

DOES ANYONE KNOW IF THEY HAVE ANY FREEHOLD PROPERTY ?

article in the nottingham evening post on monday 16th april. Action on jessops. The bankers of struggling camera retailer Jessops have called in the business recovery specialists. Pricewaterhouse Coopers to examine options for the group. Reports say. HSBC is understood to have made the move after the Leicester - based company warned last month that debt would swell to 52m, the newspaper reports say. Jessops have been struggling to cope with cheaper prices for digital cameras, which as put the pressure on sales and margins. The company and JSBC were unavailable for comment although the bank said it "continued to be supportive" of the firm. Chief executive Chris Langley is leading a strategic review of the company to address the challenges faced by the firm. The overhall of the business is likely to involve the closure of some of the firm 315 stores. Jessops expect to post losses of around 8.5m for the first half of the year to the end of march, resulting in a full year loss of 5m. Good luck to all holding.

sounds like the same death knell as when the footy club chairman says the manager has his full support etc!

Thanks Janetbennison; so it's PWC as advisers....that won't be cheap but in reality the "closures" you mentioned look like sense - in a few towns they have multiple outlets. The sad fact is that folk don't value good prints and JSP doesn't appear to be able to communicate with loyal customers....or shareholders for that matter (altough recently I guess they fear any Regulatory issues as well).
I wish I could see some value there, burried beneath the market reaction - some do but not this dry crust. (oops, give-away!)

Something up today...judging by the share price movement rise
and going into auction at 19p


Predator perhaps?

Foale, over the weekend was this news

Merchant Equity Partners, the private equity owner of MFI, the furniture retailer, is considering a bid for Jessops, the struggling camera retailer. News of Merchant's interest comes as Jessops prepares to announce the closure of 80 stores this week as part of a strategic review. MEP has been looking closely at the UK's largest photographic chain for more than a month, says the Telegraph

You could have made 20% in the first 10 minutes. 17p at 8am 20p offer 10 minutes later, unusally generous of the mm's, wish I hadn't just watched from the sidelines

Blue lady...thanks for that... very informative...

thought it had to be news related with such a spike...

please post any breaking news you hear...

Good for JSP holders, well those that bought at 16p and ignore the spread etc. - but this Equity Group is the same one that bought the MFI stores (for a notional 1 I think)....
So I suspect they got a lot of nearly nothing....therefore, I wonder if they would be prepared to pay current Mkt Cap for JSP?
Aren't they likely to be looking for a down-an-out bargain?

Damn missed another 10% gain for the first 15 minutes of trading again!

I would not worry about missing your 10 percent gain, as it could well be the shares will go up later on in the day. I think the news went down well and then there could be a takeover offer in the offering. The firm interested in making an offer for this company said they were waiting for these results to come out. So I am haning on. I have 60,000 shares. good luck to all holding.

janetbennison

whose likely to takeover