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.

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 .....

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

does one assume that the reported imminent bid in mid June never materialised?

Hmmmm!

Down 30% + dead cat bounce Rumoured to be in breach of banking covenants, HSBC getting twitchy

what happened to the supposed t/o, or did the suitors take one look and run?

Doesn't look imminent now

I have lost a lot on selling this; although my own fault as I thought they were overpriced, but joined-in anyway. ! ah Ha!
Now though I read JSP is trying to rebrand itself, . . . . to demonstrate its advantages to shoppers.....and this might be the bit they forgot. For when digital customers turn-up they're unaware of all the earlier silver history - they wanted a snapper and out.

Therefore the price was the only consideration and that caused JSP some pain with models changing and deep discounts. The falling price of memory also means you need to be a volume-player (quick turnaround) - so your next delivery still shows a profit. Any shop with memory on the shelves is in "bad country", (er IMHO).
The impending credit squeeze will affect both business loans and customer spending...so I'm not sure this is the bottom yet. My remaining holding is of trivial value now.

hangon
I agree but it does look temping at this price.

Bought a camera from this lot online last night. Very pleased as the model is not officially out yet. Good one Jessops.