Big Yellow Share Discussion Threads

[scburbs] 08/2/2007 17:49

Kievtrader, Have you seen any guidance on the indicative floatation market cap for Safestore?

[kievtrader] 08/2/2007 17:42

Safestore Confirms Plans to Float in London



Safestore Holdings Ltd confirmed it intends to proceed with an initial public offering of its shares and a listing on the Official List of the London Stock Exchange.

The group's global offer is expected to be completed in early March 2007.

Safestore is the largest self storage provider in the UK and the central Paris region and the second largest in the EU, in terms of number of stores, providing individual, secure self storage space and related services.

Safestore now has 98 sites since it set up in 2002. It currently has approximately 30,000 domestic and business customers.

The group said its business model is supported by a substantial asset base, strong cashflow and a solid record of earnings which are continuing to grow.

For the year to Oct 31 2006, Safestore recorded a 22 pct increase in revenues to 64.3 mln stg with EBITDA before exceptional items growing 24 pct to 33.5 mln stg.

Safestore said it generates the majority of its revenues from self storage space but ancillary revenues are derived from the sale of contents insurance and storage accessories.

In addition to the group's 98 sites, as at Jan 31 2007, Safestore had exchanged or completed contracts on 12 expansion stores, nine of which have planning permission, and in addition has one further property in the final stages of the contract process.

Over the next five years the group said it intends to add between 7-10 stores per annum. In addition, the management team has a proven acquisition track record and will continue to consider acquisitions as an additional route to growth.

Citigroup and Merrill Lynch have been appointed Joint Global Co-ordinators and Joint Bookrunners of the offer.

[kievtrader] 08/2/2007 17:33

Director has sold a little stock - RNS today. Also - Safestore Confirms Plans to Float in London -

Safestore Holdings Ltd confirmed it intends to proceed with an initial public offering of its shares and a listing on the Official List of the London Stock Exchange.

Good news for LOK and BYG as the valuation assigned to Safestore will help with the revaluation of LOK's and BYG's share price.

[kievtrader] 07/2/2007 12:10

Good news from the sector today - LOK - Lok'n Store. says trading is in line with expectations and doubled its financing facility to £40 million and results due on 23rd April. KT

[dbj the first] 06/2/2007 14:53

agree, even when it was dropping they said they were averaging down, those drops in the sector created some great opps, loke at ROK!
Fully expect this to 750 shortly.

[smiler3108] 06/2/2007 13:07

Yeah - the site was accurate before the peak at 705 - They're holding too which is nice to know. Still looking a solid LONG.

[dbj the first] 06/2/2007 13:03

its not a bad site that,i follow their trades sometimes buying if i agree with the chart, this initially went up to over 705 after they bought if you look, don't think even they could have forseen the surprise rate rise which rattled the sector, i've bought these today as well as wkp.

[sam66] 06/2/2007 12:38

Was that the recommendation from Dec 29th when the share price was 705 just be for it fell to 609 on jan 16th ?

We are now back on track with steady progress as before the buy out rumours.
The company is still as strong as ever on wards and upwards !

[smiler3108] 06/2/2007 11:59

Correction -we were featured in the Latest Buys section - sorry! ;-)

[smiler3108] 06/2/2007 11:58

Check this site out - we were featured in the Uptrenders section.


Although this has already broken out we feel the stock is very cheap and in a real hot sector,our target is at least 730p and maybe alot more,it's a real uptrender this one and any pullback should be limited.

[sam66] 01/2/2007 07:58

I dont think that is an indication on this company Vetch sold 10% still owns 10,000,000 + shares Probably need some money for there football project see www.footballfever.net !

[irenekent] 01/2/2007 07:52

Directors selling - obviously not expecting much action in the near future.

[johne1] 30/1/2007 14:03

A big bunch has been purchased by someone today!

It all helps to keep me confident with my small few.

[kievtrader] 27/1/2007 10:42

ARMADILLO, the Edinburgh-based self-storage warehousing provider founded by self-storage entrepreneur Alister Jack in May 2003, has been sold to the property and infrastructure arm of HSBC for £40 million. Good private sector deal and show that takeovers will continue in the UK in this sector . two quoted ones BYG and LOK (Lok n store) could be victims in the future. KT

[handycam] 22/1/2007 19:04

That's SETS for you.

[willower] 22/1/2007 18:08

was that just a quick tree shake?

[arja] 22/1/2007 13:08

very thinly traded at times. Not sure why the sudden dip to 623! ?/

[arja] 21/1/2007 18:26

takeover tips are rife in markets but rarely happen when we expect it ! But fingers crossed !! to 700 even without takeover it seems

[johne1] 19/1/2007 21:58

I also found this, on another shares web site: -

"18.12.06: +5, (625) an article in the Independent reports: Big Yellow Group rose 32p to 620.25p amid speculation of a bid from a private-equity investor that could value the shares at 700p"

[johne1] 19/1/2007 21:19

From Wednesday 18th January 2007
Evolution: The broker reiterates add BigYellow (BYG.L) (6550p target)

I think it should have read 655p target though.

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"Hoping it will soon confirm plans to convert to a tax efficient Real Estate Investment Trust, Big Yellow Group rose 22p to 631p."

That was from yesterdays newspaper. I think that is what is causing the rebound.

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My opinion is that the sharp fall was caused by the complications with obtaining REIT status, (as detailed in the last RNS). I do not know if the shares may retrace again if there are further problems.

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Also see: -


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The Daily Mail had a short comment about the company today. However, it appears to be on the same lines as already stated - i.e. REIT problems.

All in my opinion. DYOR.

I am happy to continue holding - cheers

[arja] 19/1/2007 13:52

the_doctor,
thanks for info. chart now looking good and i was able to do a profitable spreadbet trade today although CMC always looking to rip me off!! sold at 652 after it spiked up . BUT , chart is suggesting share price is on the way back to £7 level.

[sibacky] 19/1/2007 12:27

Noticed it drop down but thought I was too late to catch the bounce. Didn't realise it would be THAT good a bounce. Congrats if you caught it. Seems an RNS about how there is still some doubt about REIT status spooked the market.

[the_doctor] 19/1/2007 12:17

arja - yes.
I saw a sell at 552, but I dont know how low it went exactly.

[willower] 19/1/2007 12:06

anybody any idea what is going on - why is it suddenly so volatile - clearly it is great that it is back in the right direction but I would prefer if it went back to the consistent growth line