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.

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

if i had a spare 30M i would buy this company....i only have a spare fifty quid...anyone lend me the rest?..the size of tunrover and the brand name etc means should be fairly easy to turn around

someone could be stakebuilding

Treblewide
If I had a spare 30M I would sit on the beach and watch Jessops go down the pan no one wants there products there is to much competition having said that they could still pull through, on my watch list.

no one wnats their products? mmm.....i woudl argue against that...they need to exploit their brand on the web more i would think but digital camera market still growing by volume

everyone likes a nice camera to use. The company could turn around quite quickly now. Jobs cuts. Reducing shops. etc. reducing overheads nd liabilities. The bank has had their assessors in to evaluate the situation and are still backing the company. will be interesting to see what the private equity firms would now offer for the company which could be sooner rather than later. Good luck to all holding.

janet ..... whistling in the wind i am afraid ....... retail trade is generally dire ..... unless JSP has a load of freeholds, which i doubt, then wouldn't touch the share ..... even if it is taken over, the best that could be hoped for is signs of recovery in 18 months ..... in a word - rubbish!

It has however been a great volatile short term trading opportunity in the 15-23p range. Buying in at 17 p and ditching at 20p a few times would have seen some excellent profits.

This site is all about making money from Trading stocks, however, if you get involved in the Companies then it helps to understand their potential.
JSP has good shops, almost all rented and their business is in discounting cameras - oh dear do I sense another PW? . ( DYOR ).
The reality is that their Shops are their life-blood, although I doubt the Directors see it that way - having been caught unawares recently, with the comming of the Digital camera - at a stroke BANG! went all those sales of develloper, paper, lenses and so on - the development of digital cameras is hand-in-hand with computers and what JSP has singularly failed to see is that they could become the trendy place for consumers to go for advice, + a good price and more kit -

However, JSP think they are "A camera-shop" and continue in their well-worn groove. . . . . if it stays like this, they will close more shops and with that their profit-centres (= printing from camera-memory ) - - the quality is far better than inkjet and yet - they do not promote this, it's a "take it or leave it" attitude IMHO.

JSP needs new Directors and a new slant on their Direction.....plenty of ideas, thanks...keeping them to myself.

Just to add to your comments - i think the strategy of the directors / managers in not fully taking advantage of the potential of internet sales channels to compliment their shops brought about their much talked about recent under performance, leading to having to re-finance et al...

Now that they are closing some of their shops, this should reduce their operational overheads to enable them to give some focus to the online sales channels; that said, it depends whther this was factored in at the time of re-financing .....

............