By Steve Moore | Monday 18 November 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Restore plc (RST) has announced that, as “a consequence of the reduction in the shareholding of Geraldton Services Inc., which as announced on 26 September 2013, no longer has a notifiable interest in the company's issued share capital”, Andrew Wilson has stepped from a non-executive position on the board and that recruitment consultants have been retained to identify a replacement non-executive director. Geraldton held 43.6% of Restore’s shares before a 131p per share September placing and with Restore’s shares up from sub 34p three years ago and 110p at the start of 2013 does Geraldton look to have made a shrewd value call?
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