Safeland Share Discussion Threads

[benweaver1] 13/5/2019 13:38

Good afternoon,

The shares of Safeland were recently cancelled from trading on AIM. Subsequently the company has installed Asset Match to provide an aftermarket.

Please visit www.assetmatch.com or direct any enquiries to Tel: [phone] or [e-mail].

Kind regards,
Ben Weaver

[hybrasil] 02/11/2018 09:02

So Larry has taken up golf.. Yea sure!

[topvest] 30/9/2018 17:24

Yes, looks like that might be the case. Its surprising that the share price is holding up. I've held in the past, but sold out last time this retrenched as I didn't like the hugely dilutive options at about 9.5p that still hang over the reported NAV. Its always really been run as a private company, with enormous salaries and exotic company cars. Demergers have been interesting though. Safestore, Hercules Property, Bizspace and Safestay ring a bell. Larry Lipman has always been a strong entrepreneur.

[battlebus2] 21/8/2018 21:49

Looking like a delist 🤔

[cockerhoop] 16/3/2018 13:08

Actually looks like the remaining 3 SAF houses are now available for rent?

[cockerhoop] 16/3/2018 13:00

Anyone aware of the current status at Hampstead Reach? I can't see any of the 6 homes Barrett or SAF for sale (Lutyens no longer on Barrett website) or registered as sold through the land registry.

[jeff h] 16/10/2017 11:42

The latest news I have is that the 4 SAF houses are nearly but not quite finished yet - scaffolding is still outside one of the 4 houses.

I do not think they are of the same spec as the 2 Barratt houses...at a guess more in the £3.5m price bracket.

I hear that the sale of the Lutyens fell thorough last week and Barratts have it back on the market for £4.8m

[cockerhoop] 10/10/2017 15:44

Sorry I think I misread your comment, were the 39 flats also included in the coverage calcs?

[cockerhoop] 10/10/2017 15:43

Jeff H,

The 2 Barrett houses are sold/reserved but I'm not aware the 4 SAF properties have even been marketed yet (unless anyone know different?)

[jeff h] 10/10/2017 15:37

With all the residential properties now reserved I wonder if SAF will also pull in some overage cash?:-

"There may be additional overage consideration payable to Safeland from the onward sale of residential units on the site if certain sales value per square foot thresholds are achieved."

[banco1] 28/9/2017 17:51

The company still retains the 4 houses and is probably waiting for an opportune time to sell. As all the Barratt houses have been sold I would guess that marketing them one at a time may be the ideal option.

[cockerhoop] 24/9/2017 14:26

Good spot Jeff, It's been recently reserved/sold as I did check a couple of weeks ago and it was still available.

Does anyone know the status of the 4 SAF houses? I can't see them marketed anywhere and you'd imagine all 6 would be built in sequence which is supported by google earth.

[jeff h] 24/9/2017 13:42

Looks as though the 6 bedroom Lutyens (not one of the SAF 4 detached houses) that you
refer to Eezy has now been sold:-

hxxps://www.getagent.co.uk/branch/barratt-london-hampstead-reach-nw11/66874

[jeff h] 16/6/2017 12:08

Again when they took on the 4 high end houses they must have had an end game plan
in mind...will be interesting to see what happens to the houses.

[eezymunny] 16/6/2017 11:48

I reckon they'll get the keys to the 4 Hampstead Reach/Chandos properties soon, Jeff H. Due for completion this month. In the books at £8.9m but Barratt trying to sell one of theirs for £4.8m. Pretty hard sell at the top end in London I guess but the value in the books is just £2.23m each.

www.hardhat.co.uk/project/hampstead-reach/

[eezymunny] 16/6/2017 10:56

Indeed unknowable unknowns. Profit will be c. £3m less refurb costs/expenses etc. Could be anywhere in between 0-3m and I guess £1.842m.

[jeff h] 16/6/2017 09:31

SAF said on purchase:-

"The Company plans a comprehensive refurbishment of the property, which is expected to take approximately 9 months to complete..."

...so that must have cost a few bob on an expensive property so I would not like to guess the profit but they must have been confident of securing a good profit before laying out such a large amount on one house.
.

[eezymunny] 15/6/2017 21:55

Ah yes, thanks, found it. Assuming the sale completes OK they should make £2m+ on it you'd think?

[jeff h] 15/6/2017 20:49

...look at the Charges on Cloverdale Estates Limited.

[eezymunny] 15/6/2017 11:34

I can't find any link between Cloverdale and that property. I don't dispute your assertion at all, would just be nice to see the details. Price sounds about right..

[jeff h] 15/6/2017 10:17

EM - It's the one that was owned by SAF sub Cloverdale Estates....tried to post a link but does not work so you will have to take my word for it or look it up yourself.

[eezymunny] 14/6/2017 21:41

Thanks JH. BIt of a bargain as it's parallel to Bishops Avenue :)

How do you know that's the (former) Safeland property?