Safestay Share Discussion Threads

[paulturner006] 03/7/2015 18:23

Strange share price not doing well. Any thoughts

[paulturner006] 09/6/2015 17:01

The product looks good - different and much better - clients like it and leave good reviews - not only tourists but locals - schools and groups use it

[1littlefish] 09/6/2015 15:40

European hostel chain

..competing chains started 10 yrs ago !

[1littlefish] 09/6/2015 15:06

So..looking at the interior design colour..

Its just for gays is that right ?

[battlebus2] 03/6/2015 07:36

Looks a good director appointment.

[hybrasil] 29/4/2015 08:19

At what I would I would regard in these markets an attractive rate of interest

[battlebus2] 29/4/2015 07:20

New loan agreement this morning.

[eburne1960] 13/4/2015 23:16

I know it's only small, but it's still encouraging to see a dividend even at this early stage in the company's life.

[battlebus2] 13/4/2015 19:45

Yes very few indeed, the thought of a European hostel franchise excites me.

[mr hangman] 13/4/2015 19:31

Not many of us hanging around, yet...

[battlebus2] 13/4/2015 08:05

Looking good and a dividend-- Successful listing on AIM on 2 May 2014, raising GBP4.8m and simultaneously acquired the Elephant & Castle hostel

-- Trading highlights for Safestay Elephant & Castle* for the year to 31 December 2014:
-- Revenues increased by 19.8% to GBP2.315m (2013: GBP1.933m) reflecting the growing awareness of the Safestay brand and an increase in repeat custom from schools and colleges

-- Bed occupancy increased by 9.9%
-- Revenue per available bed (RevPAB) increased by 21.6%
-- Average bed rate (ABR) increased by 10.7%
-- 62.0% increase in earnings before interest & tax to GBP0.972m (2013: GBP0.600m)
*Results provided on a Proforma basis to enable comparisons with the previous year

-- Acquired an additional hostel in York and signed heads of terms for a 50-year lease on a hostel in Holland Park, London which completed on 12 January 2015 and is scheduled to commence trading in Q2 2015

-- Raised GBP3.3m in a placing in December 2014 to fund the refurbishment of the Holland Park hostel, repay debt and provide further working capital

-- Completed the refurbishment of Safestay York in December 2014
-- Further operational progress expected in 2015 under Safestay's newly appointed CEO, Philip Houghton

-- Looking to expand the portfolio in 2015
-- Recommended final dividend of 0.3p per share
Commenting on the results, Chairman of Safestay, Larry Lipman, said:

"Hostels have sometimes had a poor reputation in the past but this is now changing with new entrants such as us introducing a new brand of luxury hostel, offering safe, stylish and fun accommodation but still for less than GBP25 per night. Demand is high not just from traditional hostel customers such as young adults, schools and colleges but increasingly also from cost conscious families and business travellers too.

We are aiming to build a premium pan European hostel brand and we have made good progress towards this aim in 2014 through the expansion of the portfolio, the increase in occupancy and the listing on AIM. Looking ahead, we expect to open in Holland Park and add further hostels in other principal European cities."

[mr hangman] 04/3/2015 20:44

A fellow RTC holder, great minds think alike

[battlebus2] 04/3/2015 20:42

Indeed mr hangman, the sector is currently on the up.

[mr hangman] 04/3/2015 20:35

Bought into this today, great product,great management, if they get this right, the share price could be multiples in 5 years time, one to tuck away in my ISA

[battlebus2] 14/1/2015 10:52

Westhouse reiterates their buy and target 120p this morning..

[battlebus2] 14/1/2015 07:22

A decent appointment this morning. Should guide us with expansion.

[saucepan] 12/1/2015 20:36

cheers, bb2 :-)

[battlebus2] 12/1/2015 13:14

Welcome saucepan, good to have you onboard.

[saucepan] 12/1/2015 13:04

Hi folks

I have just bought into the breakout here. SSTY came onto my watchlist last week when I saw Mark Slater had been buying.

[battlebus2] 05/1/2015 10:56

River and Mechantile over 7% holding.

[battlebus2] 02/1/2015 09:08

Sorry for the O/T have a look at BDI playful...

[playful] 02/1/2015 09:04

i couldn't agree more..

[battlebus2] 02/1/2015 08:49

A great opening to the year :))

[battlebus2] 31/12/2014 11:18

Forgot to mention it's one of Shares Mags 15 tips for 2015 :))

[battlebus2] 31/12/2014 10:36

And the same to yourself Fundfemale.