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.

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.

SECRUOSER
Yes but have you received it .

LOL. No, ordered it too late for next-day delivery (~10:30pm). It is due to arrive on Tuesday.

Good news - camera arrived this morning.

Presumably you're happy with the camera, but did you get a good deal on price - this is the nub of the problem for JSP - if the customers get good deals, they won't be ordering anything too soon - yet they are a bad customer as far as JSP profit is concerned. I wonder if they tried to sell you other stuff and whether they will be trying to clinch another sale fairly soon. My own experience was they gave in on price and two years later I've heard zippo! SO much for trying to keep customers and milk 'em. I agree it's a fine -line but if they need a new Exec, I would change the way the treat customers, so they become long-term buddies.

If there is a credit-squeeze, then 10p won't be the bottom.

No - camera was defective!

Taking it to the local Jessops store tomorrow night, lets see how it goes.

All sorted. Although I had to justify it despite my statutory rights and the obvious fault.

SECRUOSER, - glad to read yr camera is now OK.

As with items like disc-drives; I'm not a great fan of postal delivery - shocks to delicate innards ( OK less so for most digi-cameras ) - will not necessarily show up immediately - but shortening the life of a HDD means that what should be 10-years may end up being 2-3 - - - long enough to have lost the reciept and to have plenty of photos/letters/tunes on the disc.
- At that point you have to start arguing that YOU didn't give it a knock - in other words: you made a small saving, but pay for it in the long-run. I had one HDD delivered in a poor package and even that took ages for a refund. My data is more valuable than the small saving. Now, I buy at Computer-fairs looking carefully at the vendor's handling....


My own digi-camera, bought 2005 from Jessop shop, has image stabilisation ( a glass disc that spins) - so I think that is reason enough to avoid postal delivery.

For many parts, memory etc there is probably no issue....but then JSP isn't the cheapest source.

[[ Note I'm not suggesting a shop-bought product is superior to a delivered part - rather than shocks can be given without any evidence that would make you reject it.
Some while ago a co ( in USA) developed a shock-aware part - like a small glass tube - but somehow it never caught-on . . . . . such a device might help to reduce the possibilty of delivery-shocks. HDD's can withstand amazing shocks ( many G's) - but we are unable to relate this to "everyday" handling. When a HDD is built-in then the mass increases, so a bang to a PC-case represents a very small shock to the HDD. For the same reason a "portable" is still at risk from much smaller shocks. Ideally a portable HDD would be surrounded in soft rubber so it could be dropped safely from (say) 6ft - but most of the design effort goes into styling the case!]].