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SAFE Safestore Holdings Plc

754.50
5.50 (0.73%)
28 Mar 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  5.50 0.73% 754.50 755.00 757.00 760.00 750.00 755.50 636,247 16:35:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
General Warehousing, Storage 224.2M 200.2M 0.9179 8.24 1.65B
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 749p. Over the last year, Safestore shares have traded in a share price range of 641.00p to 1,029.00p.

Safestore currently has 218,095,369 shares in issue. The market capitalisation of Safestore is £1.65 billion. Safestore has a price to earnings ratio (PE ratio) of 8.24.

Safestore Share Discussion Threads

Showing 251 to 275 of 475 messages
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
30/1/2010
15:04
scburbs .. strictly on a chart comparison .. LOK looks like it has already broken out & is on a run. not to say it is not worthy of consideration but, to me, SAFE looks like the timing may be better right now. any other views here?
mattjos
30/1/2010
02:26
Nurdin ... back on my scope now after this fall & like the chart. agree they are looking cheap. will have another look over at the weekend and see how we open on Monday. also holding from 68 in PSPI for similar reasons.
mattjos
29/1/2010
21:23
I'll have a look - ta.

CR

cockneyrebel
29/1/2010
19:36
CR, How about Lok N' Store (LOK). Same sector, but much much cheaper.

Smaller company and not as well developed as SAFE, but the valuation differential looks far too wide to me.

scburbs
29/1/2010
19:20
Yep, dull reaction on a dull day.

I dare say they aren't going to set the world alight but decent value. I'll hold until I get bored as usual but think these look cheap, dunno if I want to sell really, unless I find something hotter for the cash.

CR

cockneyrebel
29/1/2010
16:38
Homeowners struggling for more room
(UKPA) – 4 hours ago

Homeowners trapped in small properties by the stagnant housing market are creating more space by putting their belongings in storage units, Safestore has said.

The UK's largest self-storage firm said it had seen a significant change in trends during the last year as economic pressures put home moves on the back burner.

As availability in the housing market remains low, Safestore said it had also seen an increase in people selling before they buy - creating a "natural break" in the house moving process and increasing the need for storage.

The firm, which has 95 outlets in the UK, saw revenues increase 1.9% in the year to October 31 to £84.4 million in a "challenging" market, although same-store sales were down 0.4%.

Underlying earnings rose 1.3% to £45.7 million, but the company swung to a bottom-line loss of £9.4 million due to a revaluation of its property portfolio.

The firm said while the first half of the year had been particularly difficult, it had since seen an increase in enquiries from both businesses and individuals.

"We continue to receive high levels of enquiries from event driven customers such as those getting married, divorced, travelling, renovating, moving abroad or inheriting possessions," the firm said.

"There are also those that rent an extra room in self storage in order to release space for the longer term, for an addition to the family, or want to create an office space or free up a room to let."

Rental rates per square foot increased 4.9% in the period to £25.24, while occupied space at the end of the financial year was up 2.1% at 2.7 million square foot.

Sales of insurance and merchandise increased by 4.8% to £11.5 million, which the firm said was "particularly pleasing" and reflected a better insurance offering and new packaging.

m.t.glass
29/1/2010
16:12
Some chunkier trades this afternoon. Half a million at 138p. A third of a million at 137p earlier.
rockraven
29/1/2010
09:07
I was impressed with the diverse range of uses of self storage...makes it sound almost recession proof:

We have a diverse set of domestic customers with a wide cross section of uses
for self storage. We continue to receive high levels of enquiries from event
driven customers such as those getting married, divorced, travelling,
renovating, moving abroad or inheriting possessions. There are also those that
rent an extra room in self storage in order to release space for the longer
term, for an addition to the family, or want to create an office space or free
up a room to let.

Nice ...:o)

nurdin
29/1/2010
08:11
No shocks/horrors in the results or statement. But no exciting stuff either. And so far no market reaction at all.
rockraven
29/1/2010
07:39
Look cheap don't they. Trading at a 25% discount to a rising NAV.

Earning at the lower end of forecasts but that's a side issue compared to the valuation you are buying their assets on and those asset values rising.

2010 should be the year that asset appreciation picks up now we have recovery imo

CR

cockneyrebel
28/1/2010
12:12
Mattjos..I have just bought back ;o)
nurdin
27/1/2010
13:43
Results Friday - have a read of the last trading update - trading at well under NAV by around 30% and doing 10p+ a share earnings.

12 November 2009
Safestore Holdings Plc
("Safestore" or "the Company")


Pre-close trading update for the year ended 31 October 2009


'Continued strong trading'


Safestore Holdings plc ('Safestore' or 'the Company'), the largest self storage
company in the UK and Paris is pleased to report on its trading progress
(unaudited) for the year ended 31 October 2009.


* Revenue for the year to 31 October 2009 increased by 1.9% to GBP84.4 million
compared to GBP82.9 million last year
* Occupancy growth for the year to 31 October 2009 was 57,000 square feet ("sq
ft") compared to a loss of 195,000 sq ft last year
* Average rental rate per sq ft for the year to 31 October 2009 increased by 4.9%
to GBP25.24 compared to GBP24.05 last year
* Closing occupancy for the year as at 31 October 2009 was 2,773,000 sq ft



Revenues for Q4 2009 were 3.0% up on Q4 2008 at GBP22.1 million. The average
rental rate of GBP25.49 for Q4 2009 is 1.5% up on Q4 2008 and 3.9% ahead of Q3
2009. Occupancy performance in the fourth quarter, which is historically the
poorest performing quarter for new lets, was substantially better than the same
quarter last year with a decrease of 53,000 sq ft compared to a decrease of
166,000 sq ft in 2008. The majority of the occupancy decrease in Q4 this year is
related to the seasonal loss of students who store with us over the summer.


We continue to see an increasing level of enquiries and new lets. In particular,
we have noted a significant increase in domestic enquiries during Q4. Demand
from the business sector remains robust. Enquiries via the internet continue to
grow with Q4 being particularly strong and now represents the largest proportion
of total enquires and new lets. Our French business has continued to perform
strongly with good growth in both new lets and rental rates.


The Board of Safestore is confident that the full year results will be in line
with market expectations.


During the year we opened five new stores. The initial performance of these
stores has been encouraging. We currently have a pipeline of six expansion
stores all of which have planning permission. Of these stores four are freehold
and two long leaseholds (more than 50 years).


Steve Williams, Chief Executive Officer commented:


"Despite the challenging economic environment it has been pleasing to see an
improved year on year performance in occupancy growth and rental rate and
Safestore continues to benefit from its operational strengths. The business has
the capacity and operating expertise to take advantage of any increase in levels
of activity and its position as the UK market leader provides further
opportunities for growth."

cockneyrebel
26/1/2010
13:42
Agree - trading about 30% below NAV and doing 10p eps seems rather cheap and well off the recent highs.

CR

cockneyrebel
22/1/2010
10:13
Trading volumes have been very low this week. Might we expect more activity in the run-up to results next Friday? I've opened a small upbet in expectation of 160p looking more likely than 120p.
rockraven
15/1/2010
11:36
Chart turning here by the look of it, right on support.

Already broken out next leg up here should be good.

I'd have thought decent buying interest over the next two weeks up to the results, we'll see.

CR

cockneyrebel
13/1/2010
15:11
Results Jan 29th.

CR

cockneyrebel
13/1/2010
13:25
Already broken out - next leg up here perhaps.

CR

cockneyrebel
15/12/2009
00:23
nurdin .. you still holding here?
mattjos
12/11/2009
07:27
..and indeed it is.Now trading on next years PER of 10.8 but reckon this will drop on upward revision of earnings forecasts.NAV will also rise to near 190p with the expansion planned in the coming year.

Good solid performer...imo

nurdin
10/11/2009
09:13
Trading statement this Thursday....reckon it will be very positive :o)
nurdin
25/9/2009
06:50
Yes that occurred to me too MTG...but I dont know what the vendors responsiblities are here.They let these units out for the explicit purpose of storage of goods....if the client decides to use it for any other purpose what liablities do the vendors carry....a grey area I reckon.
nurdin
24/9/2009
17:37
nurdin - I watched that BBC feature. Found it very interesting - but am surprised the regulatory authorities allow some of the uses shown. Rules covering workplace ventilation/watersupply/washing facilities etc being flouted quite freely it seems. That programme will certainly have prompted a lot of interest from potential new users - but might also prompt a clampdown!
m.t.glass
24/9/2009
15:24
verge of a break out :o)
nurdin
24/9/2009
09:21
Had a few early doors....nice report on BBC news this morning about how the demand for storage units is rising, being fuelled by people looking for cheap small units for practicing their hobbies...rock bands,dancing,exercising,etc.A new twist to the market....
nurdin
28/8/2009
09:17
Hoping for a good statement on Tuesday.
Consensus 2009 eps=9.61, 2010 eps=12.78

aishah
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older

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