Safestore Share Discussion Threads

[hybrasil] 19/12/2007 14:27

They have had years of revaluing properties upwards - they find it a little difficult going the other way

[vassily] 17/12/2007 22:46

You may be right. Sentiment is more negative again.

[hybrasil] 17/12/2007 15:14

I suspect you will see a sharp downward correction in this price shortly

[vassily] 19/11/2007 22:54

hybrasil:
The 1 pound is coming.

[hybrasil] 16/11/2007 11:35

Take £100 million off the value of the properties.
Why yesterday I was offered property in the centre of Glasgow at a 20% discount to the price of 8 weeks ago.
The majority of safestores property that I have seen are in secondary locations

This gives a property valuation of £398 million. The liablities (excluding the deferred tax liabilty as presumably that wont apply given the reduction in value) come to £340m. That doesnt leave a lot of equity. I stress that this is my look at the accounts and I could be completely wrong

[hybrasil] 09/11/2007 15:59

its still coming

[hybrasil] 19/10/2007 09:30

£1.00 coming.

[fr4dge] 13/9/2007 15:14

I've just returned to this & realsied it may well not be clear.

I owned shares in Safestore three(ish) years ago before it was bought be management.

At the time, I was very disappointed as I felt that the management got it for a song.

[fr4dge] 13/9/2007 12:19

I used to own these before.

At the time, I complained long & hard that management were getting it on the cheap.

Anybody have any idea how the value now compares with the price it was taken private?

[vassily] 16/8/2007 18:21

Not far off 1.47 today. Yield is rising.

[hybrasil] 15/8/2007 10:33

Those options are a completye disgrace. £1.47. If thats what the directors think these shares are worth I am not far wrong on the price

[vassily] 01/8/2007 22:31

I look forward to the lower price.

[hybrasil] 01/8/2007 21:23

AT a share price of £1.00 this would yield 4.5%. Thats about right. I have since the start of this thread said this share is way overvalued. Stupidly I doide not follow my own advice and short it which I will now do. With falling property values this can only go one way.

[hybrasil] 01/8/2007 08:49

I would venture to suggest it will be many years before this reaches £2.40 again. If you go to old fashoned vales this should be at a discount to £1.01!!

[vassily] 31/7/2007 22:45

Yeah 2.40 seems a long way off now, but it was only earlier this year. D'oh.

[hybrasil] 31/7/2007 07:16

And still it falls

[hybrasil] 30/7/2007 07:29

well martin did you buy back in?

[finbarr] 20/7/2007 08:38

hybrasil,

glad u did'nt move on this one?

[joeainsworth] 17/7/2007 21:41

bought yesterday at 187.75p and closed today at 193p.

[jrjr99] 16/7/2007 12:16

who could safestore realistically bid for in this area ?

[martincoops] 14/7/2007 01:07

Dont be silly jrjr99 its overvalued at this price so hybrasil says......

Didnt get my shares the other day but never mind made a few quid and will wait to see if it breaks 1.90 before investing again or will get back in at 1.80

Have a great weekend all

[jrjr99] 13/7/2007 16:00

up again...did someone mention a deal ??!!

[amotoor] 11/7/2007 16:26

Didn't Steve Cash in some chips around £6m or so at floatation? Sell big chunk and buy small chunks hmmmm.

Amo