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SAFE Safestore Holdings Plc

756.00
4.50 (0.60%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Safestore Holdings Plc LSE:SAFE London Ordinary Share GB00B1N7Z094 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  4.50 0.60% 756.00 181,908 16:35:01
Bid Price Offer Price High Price Low Price Open Price
753.50 756.00 760.00 743.50 760.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
General Warehousing, Storage 224.2M 200.2M 0.9179 8.21 1.64B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:12:44 O 522 753.00 GBX

Safestore (SAFE) Latest News

Safestore (SAFE) Discussions and Chat

Safestore Forums and Chat

Date Time Title Posts
05/4/202415:41Safestore398
31/1/201409:42Which Are The Safest Banks?2
08/4/200707:56Booming Self-Storage Sector Player2
29/4/200615:10Stuck in "Safe mode": Cannot get Windows to Run13
08/1/200411:13PUBLIC SECURITY stocks to keep you SAFE24

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Safestore (SAFE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:13:26753.005223,930.66O
17:11:56752.021,99314,987.78O
17:07:25756.052,23716,912.75O
17:07:12756.0068514.08O
17:04:54750.08430.00O

Safestore (SAFE) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Safestore Daily Update
Safestore Holdings Plc is listed in the General Warehousing, Storage sector of the London Stock Exchange with ticker SAFE. The last closing price for Safestore was 751.50p.
Safestore currently has 218,095,369 shares in issue. The market capitalisation of Safestore is £1,643,348,605.
Safestore has a price to earnings ratio (PE ratio) of 8.21.
This morning SAFE shares opened at 760p
Posted at 18/3/2024 09:15 by alotto
Is Safe Store balance sheet safe? The quick ratio is 0.5. Can it default on its short term liabilities?
Posted at 04/3/2024 11:57 by waldron
Analysts' Consensus

Mean consensus
OUTPERFORM

Number of Analysts
12

Last Close Price
7.86 GBP

Average target price
9.838 GBP
Spread / Average Target
+25.16%

High Price Target
13.4 GBP
Spread / Highest target
+70.48%

Low Price Target
8.3 GBP
Spread / Lowest Target
+5.60%
Posted at 23/10/2023 14:35 by hybrasil
I made an awful lot of money from Safestore nearly 20 years ago.

I haven't looked at it since as it always seemed too dear.

Quick look today. NTA seems to have galloped ahead in a very short space of time.

Id have to dig deeper to see if I believe it.

The price would still seem to be saucy compared too some of the REITS. 5% dividend a bit tight in todays market. I think I'll wait another while yet.
Posted at 27/1/2023 12:23 by thetrotsky
The Times has been trashing Safestore (unlike Big Yellow) for years and yet the self-storage market continues to grow, Safestore continues to increase it's EPRA earnings per share and (unlike it's other UK peers) it has a profitable and growing footprint in Europe.

The Times fundamentally doesn't understand the self-storage market dynamics and why, until the chronic property shortage is solved (never), people will continue to use so-called temporary storage on a semi-permanent basis. Where else are people supposed to store their worldly belongings whilst they are shunted from one temporary rental property to another (which are often too small for all their belongings anyway)?

The Times doesn't understand that storage fees, more often than not, aren't just a non-essential spend like (say) Netflix; people continue to pay or risk losing all the belongings that they hold dear (sure there will always be some bad debts but they don't necessarily balloon during economic downturns as might otherwise be expected and often demand actually increases).

Sure, people could do more de-cluttering but they often put it off and, even so, it might not be sufficient to significantly "downsize" their storage requirements. Also, although demand may wax and wane during economic downturns, self-storage units still offer small start-up businesses a cheap(er) way to get a market foothold. Finally, the Times overlooks the fact that the UK/European self-storage market is still very fragmented and that saturation levels are still significantly below countries like the USA.

That said, I think the recent (slight) softening in closing occupancy levels in the last quarter of 2022 (which seems to be a common factor for both Safetstore and Big Yellow) is (perhaps) an indication that those who have alternative storage available have taken the opportunity to move out and reduce outgoings but I don't expect a big exodus (you tend to use self-storage in the first place because you have no other real options available to you).

Safestore is part of my "Forever Fund" and I fully expect the share price to recover to 1400p and above in the coming years. I don't believe self-storage is a passing fad and there may well be opportunities in the short-term for the likes of Safestore to take advantage of their existing economies of scale to acquire some smaller operators "on the cheap".
Posted at 08/9/2022 15:05 by kalai1
Safestore Holdings plc issued a Q3 Trading Update this morning confirming that strong trading continued through Q3 2022 i.e. the period 1st May to 31st July 2022. Revenues were up another 15.1% yoy, ytd revenue is up 15.6% versus the same period in 2021. Closing occupancy was up 8%, maximum lettable area was up 9.9% and the average storage rate was up 8.9% to £28.59. So more space and higher rates. The Group is still expanding solidly and acquired two new freehold development sites in South West Madrid and Almere (Netherlands), adding 91,000 sq ft of MLA to the pipeline. Share price remains in a correction through 2022 so far, valuation is also still average. The company is solid growth and decent quality, but there is no rush to buy. SAFE is a share to monitor for now....

...from WealthOracle

hxxps://wealthoracle.co.uk/detailed-result-full/SAFE/546
Posted at 08/9/2022 07:27 by 18bt
Same old .... growth. Can't understand the lack of interest from PIs in this share.
Posted at 13/4/2022 13:01 by johnwig
Thanks. This is a cornerstone share for me...
Posted at 18/11/2021 14:49 by km18
Safestore issued a Q4 trading update yesterday morning titled an “Excellent final quarter with accelerating growth completes a record breaking year”. It doesn’t get much more upbeat than this. Group revenue was up 21.0% and for the full year up 15.5%. There was also some positive earnings guidance, “Full year earnings to 31 October 2021 anticipated to be slightly ahead of previous guidance of 39.5p to 40p of Adjusted Diluted EPRA Earnings per Share”. The share price is still trending higher strongly, business performance is supportive. The company is no longer cheap, but is high quality and has momentum. Still a BUY....from WealthOracleAM
Posted at 29/9/2021 16:56 by netcurtains
Do we know why all storage companies share prices are consistently falling, even on good days. This is big yellow and safestore.
One would have thought they would be booming.

Looking at the PE ratios it's not because they are overpriced (market cap to profits is low if anything).
Posted at 22/9/2021 10:06 by volvo
Trotsky, just the normal TS profit taking, v good entry point now.....been stocking up below 1100p

Everything points to a return above 1200p short term.



Troy’s Brooke adds Safestore for income

14th Septeber 2021

Troy’s Francis Brooke has been ‘drawn to the self-storage sector’ where he believes tight supply will benefit Safestore (SAFE), a new buy for his Trojan Income fund.

The manager of the £2.7bn fund said ‘supply is tight and looks set to remain so’ in the self-storage market.

‘It is notable how difficult it is, even incumbents to find new space, particularly in desirable and densely populated, urban locations,’ he said.

‘Such strong demand and tight supply are evidenced by the 90% occupancy levels currently enjoyed [by Safestore].’

Brooke said these dynamics allow the group to ‘gently raise prices’ across its estate, resulting in ‘good like-for-like revenue growth’.

‘A further feature of self-storage is the fact that, once operational, a site requires very little incremental operating cost or capital expenditure. This is something that does not hold true for office or retail space,’ he said.

Shares in Safestore closed flat at £11.09 on Monday, having risen more than 40% year to date.

(MT Newswires) -- Liberum Capital on Tuesday lifted Safestore's (SAFE.L) price target to 13 pounds sterling ($17.90) from 12.25 pounds and kept its buy rating.
Safestore share price data is direct from the London Stock Exchange

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