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.

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!]].

Cheers hangon.

The fault was actually a white dot/dots on the image, presumably a fault in the CCD sensor, so unlikely to have been caused by the transit.

When I bought the camera (Canon Powershot A720IS) in late August it was only available from Jessops website. The good thing is I found a 10% off web voucher code and in addition I got a 50 cashback from Canon. This means I ended up paying just below the price for that camera now on the cheap websites such as Pixmania etc, so quite fortunate really!

One thing I have noticed about Jessops is the massive difference in price of memory cards compared to online retailers. I bought an Extreme III 2Gb card from Play.com for 16 inc. P&P and the same card is priced at 69.95 in the Jessops store!

Secruoser, sorry for the delay in reply - have just looked at JSP after today's 20% rise ( tad lower, now), on large volume of Buys about 250-worth....can't see why - - - at least wait for the Post-Xmas Sales to start, eh?

(yr comments):-JSP memory is getting on for twice the best On-Line price - do they think all humans are stupid, or only those that come into their shop, oh dear! Are you sure your's is the genuine III-version? Yr price is competitive - but JSP(quoted) is way-off, IMHO.

Did you get an explanation about the white dots?
...If it was black dots I'd say it's dust, dislodged in transit ( presumably the camera was OK when it left the factory, etc.), still it may be you'll never know the full story as shop assistants can tallk the most dreadful c&b just to please the sap/customer.
However, I think yr experience reinforces my view that single items should not be posted! Even if you get a nice on-line experience from "who knows where" - at least JSP is just a bus-ride away! That's something they fail to capitalise upon.
I went into my local JSP today and whilst it was pretty with lights there were only the usual no. of customers. I looked to find a BBargain, but it seems they've sold-off much of their "tired" (my word) stock to 3rd parties........now this seems like dumb to me - when somweone buys a fancy camera JSP should give them a voucher to buy one of these ( older specs) at a discount, so the snapper gets one for themselves and JSP makes a very good friend. You could argue the cheapo-sale destroys another sale - but if the snapper is keen they'll soon enough want something better.
The trouble with selling-off is 1)JSP gets a poor bulk-price and 2) they fuel an argessive competitor.
-The sooner JSP management is replaced the better - If I was a mind to I\'d replace [WLW] Execs also - for both stores have the same "Techno" issues ( ie no USP ) ...of course WLW has plenty of domestic day-to-day sales also.
-Interesting that for "twice a JSP share" you can buy WLW and get an 11% dividend.....if WLW ever gets better ( or a Bauger T-O), that will look quite smart.....whereas I can't see anyone wanting JSP, other than a camera/printer manufacturer(but why not set-up their own?)........and unfortunately JSP has been very weak on computing/image manipulation.........indeed apart from doing prints, you'd think their customers have no interest in "digital imaging" - Well JPS, I think you are so very wrong.............
-Ah that feels better.
Must lie down, ....Nurse, the tablets!

Have they managed to turn around the company?

That is what I think:
Results today with large losses as expected, but sales have turned positive last three weeks and company has change direction on clearing old stock and having the right product and product availability and selling them for a profit. The Turn is here

chart with a breakout and ready for UPTREND

This is with Candlesticks this afternoon

Panmure Gordon reiterated its 'buy' rating and 30 pence price target for JSP

The broker said the business is being cleaned up, although theres much more to do.

Panmure noted that net debt is well within the borrowing facility limits, inventory has been cut back, gross margin is improving, although sales continue to be tough.

It said Jessops is a high-risk investment, but the broker remains convinced that the business has a sustainable future.

It continues to believe that Jessops equity is a highly geared option on the company not going into administration.

In other reaction, ABN Amro said that although there remains a lot of work for Jessops ahead, at this stage the business is on track with its plans. It said there are some early signs of encouragement and it would leave its 2008 outlook unchanged.

any fool can sell 10 notes for 9.00 ...... have you not got eyes? ..... how many high street shops do you see closing down? ...... have you not read about falling sales of digital cameras with everyone (not me actually) preferring to use their mobile phones now that many of these have 5 mbp defintion?

Understanding why we go UP and then down ( short term

On looking at short term trading help by the Movement of stochastic on the -- 5 DAYS chart - Yesterday early afternoon, we reached peak on the scale and since has been going down to reached bottom ( most likely after 11 / 12am ) then most likely we will be for a positive movement UP again ( and that is the cycle short term ) up and down, provided that when it goes up, it does it on higher % than when it goes down its OK )

5 days

cynic own Biography
an opinionated pain who neverthless refuses to take himself too seriously and rarely gets upset by acid retort from those whose feathers he has ruffled.


Stop looking into the mirrow if you not want to see a BIG FOOL

Selling 10 notes for 9.00 days are over, if you bother to read the last report

when Jessops reaches 100 in double-quick time, then by all means call me a fool.
meanwhile, the market (while i accept it is pretty much in free fall) remains singularly unimpressed with the prospects

This business has 60M of bank loans and operating losses prior to key Xmas season. Don't know what covenants are linked to the bank facility but may be tight and with the pension fund having seen it fit to take a second charge over company assets the chances of failure must be high. IMO for brave gamblers only.

Share price on the WAY UP.

There are good signs of this happening today:

1st - the bid has move up this morning
2nd - since yesterday the nibbling is much stronger at this lower prices
3er - the double bottom charting scenario is becoming more of a reality by the day.

The buying at Plus Market is good and size also, 22K, 67K and 6K the last 3 deals

sorry to contradict (actually i'm not sorry at all!) but this company, it's product (digital cameras etc) and the sector are all to be AVOIDED

The graph shows it all.

cynic is right,( see graph!), yet Tesco sells Digical Cameras etc - do you think they don't make a profit?
I think new management at JSP would help, but they need to see the digital future, rather than all the olden-days when JSP was a "proper photographers"

I'm willing to stand for that position, and have several ideas ready, for when/if I get the call.

Tesco also has the clout to buy very cheap and sell at minimal margin .... a specialist retailer does not have that luxury