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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Safeland | SAF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 37.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 37.50 | 37.50 |
| Top Posts |
|---|
Posted at 06/11/2014 13:08 by the troll that's right & it's all very well crowing off about '£10m sales-proceeds', blah....blah.... BUT what's the land & build-out costing ? what's the profit ? that's what an investor needs to know.... just window-dressing this, maybe ramping up the Co's image ahead of them exercising those lousy options ? |
Posted at 29/4/2014 07:09 by battlebus2 THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.This announcement is for information purposes only and investors should not subscribe for or purchase any shares referred to in this announcement except on the basis of information in the Admission Document to be published by Safestay plc in due course in connection with the placing of its ordinary shares and the admission of its ordinary shares to the AIM market of the London Stock Exchange plc. Copies of the Admission Document will, following publication, be available from Westhouse Securities Limited's registered office. The ordinary shares in Safestay plc to be issued pursuant to the proposed placing of new shares to raise £4.8 million have not been, and will not be, registered under the United States Securities Act of 1933 as amended (the "Securities Act") or qualified for sale under the laws of any state of the United States or under the applicable laws of any of Canada, Australia, South Africa, the Republic of Ireland or Japan and, subject to certain exceptions, may not be offered or sold in the United States or to, or for the account or benefit of, US persons (as such term is defined in Regulation S under the Securities Act) or to any national, resident or citizen of Canada, Australia or Japan. Neither this announcement nor any copy of it may be sent to or taken into the United States, Canada, Australia, South Africa, the Republic of Ireland or Japan, nor may it be distributed directly or indirectly to any US person (within the meaning of Regulation S under the Securities Act) or to any persons with addresses in Canada, Australia, South Africa, the Republic of Ireland or Japan, or to any corporation, partnership or other entity created or organised under the laws thereof, or in any country outside England and Wales where such distribution may lead to a breach of any legal or regulatory requirement. 29 April 2014 Safestay PLC ("Safestay", "the Company" or "the Group") Publication of admission document, fundraising details and proposed admission to AIM Safestay, the owner and operator of a new brand of contemporary hostel, today, announces details of its Admission to the Alternative Investment Market of the London Stock Exchange. It is due to be admitted to AIM with a market capitalisation of £6.6 million. The Fundraising has raised in aggregate £7.6 million before expenses by way of a Placing, arranged by Westhouse Securities with institutional and other investors, which has raised £4.8 million, and the issue of £2.8 million through the issue of Convertible Loan Notes. Trading in Safestay shares is expected to start on AIM on Friday 2 May 2014. The Admission Document can be requested from Instinctif Partners from the date of this announcement, and will be available on the Company's website, www.safestay.co.uk, from Admission. Admission details · Safestay will have a market capitalisation, at the placing price of 50p per share, of £6.6 million on Admission · Placing of 9,600,000 Ordinary Shares at 50p per share to raise £4.8 million and a further £2.8 million raised through the issue of Convertible Loan Notes · The Company has also negotiated a new bank facility of £5.6 million · The net proceeds of the Fundraising of approximately £6.65 million will be applied towards payment of the consideration due to Moorfield Funds (£6.2 million) for its interests in the Safestay business and provide capital to fund the development of further hostels, building on the Safestay brand and reputation and enabling the Company to take advantage of the opportunities available to it · Dealings are expected to commence on AIM at 8.00am on 2 May 2014. (Ticker symbol: SSTY) · Westhouse Securities is acting as Nominated Adviser and Broker to the Company Larry Lipman, Chairman, Safestay, said: "We are delighted to be listing on AIM and with the support of our new investors. It will enhance our status and brand. With the monies raised we have been able to buy out our existing shareholders and provide capital for expansion. The hostel market is where the budget hotel market was 20 years ago and ripe for development. Safestay has a proven, profitable model to take forward." |
Posted at 23/9/2013 17:57 by topvest Yes, but does anyone trust the directors to generate shareholder value as opposed to director value? No chance of a dividend. Lots of chance that they will buy a nice car or double their salary / bonus. This company doesn't reward investors. |
Posted at 28/4/2012 17:49 by dupree Has it failed to stay above the magic 10p, I think so! not encouraging I think investor confidence is low! |
Posted at 06/2/2012 18:50 by markt HiLFI same price now as it was in 1990-1994. Not so great !...Ah, I see that Safeland is also the same price as it was in 1993. He he !. ---- imho the LSE/AIM need to modify their rules to prevent repeats of companies like Safeland......family controlled.... "cap. value of around 2M....and exec. dirs get 1.5M pay in past years" If a company has "any" public shareholders then there need to be some basic rules. And those rules need to prohibit that directors can award themselves whatever pay they want. --- and perhaps limit listed companies to only have 1 director from 1 family. ---- And personally I think that LSE/AIM/Plus should restrict the max. shareholding of anyone to 30% in 1 company. When that amount is exceeded it gives too much power and creates too much risk of problems imo....and human greed and temptation can take over....even with rules, too much risk imo. And imho perhaps a limit of 15% for any 1 director. and companies with greater than those percentages....they can just stay as private companies !...and not raise money from the general public...instead stay private and raise money from rich experienced investors and from investment funds/vehicles....(w ---- Sadly, for LSE/AIM/Plus.....it will imho always be 'dodgy', infested with insider dealing, dubious deals and PIs at the end of the food chain, .... ...the City regulates itself....so it never will be tough on itself... same as the press, self regulation. The result, the News of the World scandal, including Downing Street and the Prime Minister's office....and the UK made to look bad in the eyes of the world. |
Posted at 30/12/2011 11:54 by topvest Take a lower salary rather than wrecking a perfectly profitable property trading business....they are still living off the shareholder value generated a decade ago - it's just greedy, but they control the company so it's up to them. Just don't expect investors to back their next self served investment vehicle. Anyway, I'm not sure they cut it anymore - they seem to have lost their drive. Long gone are the days when they created Hercules, Bizspace and Safestore...maybe they are only good at developing businesses with a favourable economic headwind!? The Safestay concept looks interesting, but the way it's structured I can't see any value heading to other shareholders. As I say, hope Larry enjoys his new Enzo!! |
Posted at 24/3/2010 10:23 by collection Oh no not another Tara's pumpty pump dump stocks, investors on another Tara's special pumpty dump stock {YCO} are already nursing over 30% losses after buying in at 23p now 16p to sell!!Tara you should carry a government health warning! |
Posted at 30/12/2009 19:57 by topvest Yes, it's certainly cheap. I won't be putting any more money in though, as I'm not prepared to throw more money behind the Lipman's. Good opportunity for new investors though, if the Lipman's haven't totally lost their touch. What happened to all the exciting ventures that Larry Lipman put together a decade or so ago? Makes you wonder how leveraged their private property interests were? |
Posted at 30/11/2009 12:15 by dupree sounds unlikely. Anyway I would expect Lipmans to protect value of shares, currently intrinsically protected by NAV.I would think comparative undervaluation of safeland is normal in historical context and not in itself alarming in current circumstances. There are obvious reasons why investors might not flock in. Like, the market in the shares is a bit sticky. The directors pay themselves well while the company doesn't always make a profit. Or as the chap above said, 'company should really be private'. One hears all these as things putting individuals off the company's shares. I wouldn't be alarmist and I would buy at this price, about a quarter of NAV, if it didn't overweight me. |
Posted at 08/4/2009 01:11 by mryesyes Sale at 15p today, with a 0.5p fall in priceIn similar position to THG Property owning stocks, esp small ones like these just no interest from investors For some reason tho,l BDEV with a NAV of no more than 10p and with imho liklihood of banks going for the jugular and rumours of almost zero completions on flats UK wide, goes up by 10% per day Suggest BDEV is lining up behind TW. to bounce a rights issue off its faithful followers Just goes to show that sentiment is king, not fundamentals, the highest risers of 2009 are the massively leveraged, many I hold having risen from 10p to 40p this year with no real way of valuing them except what people will pay as they see the daily rises they pile in, but SAF and THG and LTS ignored |
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