Safeland Share Discussion Threads

[topvest] 07/3/2005 21:12

Massive volume today for SAF!

[topvest] 07/3/2005 11:31

hybrasil - Safeland only have 10%. It's the Lipman's company in Panama that own more.

My logic is 50m shares at 0.1p = £50k of capital per company.

If you look at shell transactions on AIM these days, 0.1p par shares issued to founder shares are normally floated at 1p on AIM. That would give a £0.5m MV.

I suspect they will raise some funds at 1p.

Then you have people buying on day 1 and the price could get to 2p for a £1m MV.

That will give founder shares a 20-bag return or c.20p a share. Again, consistent with the share price rise xd.

10% of £1m * 7 = less than a £1m value to Safeland. If you look at the share price it's gone up a lot more than this.

[hybrasil] 07/3/2005 09:00

Keeping on this story. Safeland have 65% of each subsidiary. If your logic Topvest is right at a ten bagger that adds 1.94 x 10 or 19.4 to the NAV at a twenty bagger that adds 38.8p.

[hybrasil] 07/3/2005 08:24

Topvest. I am trying to to do the maths. Each Safeland share was diluted by 1.94p. But for each share you got (was it?) 2.5 shares in each of 7 subsidiaries.
What does that make each share in a subsidiary worth. According to my maths it is .11 of 1p. Am I right?

[topvest] 06/3/2005 21:28

Hybrasil - Hi. I think we are in for some excitement here. It's a very exciting time for us SAF long termers. I think we will 10, possibly 20-bag on IPO versus the 0.1p par value of each of the shares. Sorry, this is probably not helping your buying pitch! I'd gladly pay 0.5p a share if anyone was interested in selling me some.

[hybrasil] 06/3/2005 21:14

Anyone want to sell their shares in the new companies.?

[topvest] 06/3/2005 20:59

Well I thought a new thread was warranted for SAF in the run up to the new listings of their recently demerged Secure Ventures subsidiaries. It looks like either 5 of the 7 or the full 7 will list on AIM in the next month or so. Teather & Greenwood are handling the floats. No opportunity to invest more at this stage, from what I have been told.

Safeland will own 10% of each.

Well it's all about to kick-off BIG STYLE. EGM's have been announced for 5 of the 7 new companies on the 21st March.

Co 1 will be renamed Pisces Property Services plc.

Co 2 will be renamed Sagittarius Professional Services plc.

Co 3 will be renamed Aries Insurance Services plc.

Co 4 will be renamed Libra Retail plc.

Co 5 will be renamed Taurus Storage plc. What will they use this one for? hmm...I think I know! Espazio SRL could be heading this way.



A reminder of Safeland's investment record on demergers:

1996 - Hercules Property Services plc - sold to Erinaceous Group last year.

1998 - Safestore - eventually sold to a management buy-in team associated with Nigel Wray

2000 - Bizspace - still listed on AIM, and doing rather well. Being pursued by Petchey!

In 2004, they have also engineered the reverse takeover of TEC-IS which has now been re-named Serviced Office. They retain a sizeable stake.

Safeland is an odd company in many ways and controlled by the Lipman family. There are therefore risks associated with being a minority shareholder. The demerger was very nice and a reward for those patient minority holders, like me - thank you!

NB. You don't get shares in the de-listed companies now through Safeland - too late.

[topvest] 06/3/2005 20:55

I am going to start a new thread on this one to discuss the Secure Venture companies. Hope that's ok!

[topvest] 03/3/2005 22:30

I understand that Teathers are handling the AIM floats. Not much interest on here. I think that this one is quite exciting actually. Oh well, always best to be first in to these!

Where is everyone on this?

[mryesyes] 03/3/2005 16:58

I had 4000 safeland bought at 50p and got 10,000 of each of the 7 in the post and thought to myself.......this is cool

[topvest] 02/3/2005 20:58

Too late I'm afraid. SAF still own 10% of each though and may invest more in any placing, so SAF still benefits.

[mryesyes] 02/3/2005 15:07

If you buy Safeland shares today do you get Cos 1-7 or has that gone "ex"?

[topvest] 01/3/2005 21:35

8 ball - lol. I quite like the theme actually. It will get a good press story on the day of issue if they get them all away at once.

[8 ball] 01/3/2005 19:44

Next you will tell us Russell Grant is the new MD...

[topvest] 01/3/2005 13:35

Well it's all about to kick-off BIG STYLE. EGM's have been announced for 5 of the 7 new companies on the 21st March.

Co 1 will be renamed Pisces Property Services plc.

Co 2 will be renamed Sagittarius Professional Services plc.

Co 3 will be renamed Aries Insurance Services plc.

Co 4 will be renamed Libra Retail plc.

Co 5 will be renamed Taurus Storage plc.

WOW!

Co. 5 - What will they use this one for? hmm...I think I know!

I suspect that we are looking at an imminent AIM listing for all these five.

[topvest] 17/2/2005 13:04

Got a bundle of certificates in the post today! Interestingly, they appointed a new director to all of the shells on 9 Feb. I wonder if that is Peter O'Reilly? I'll check!

[hybrasil] 15/2/2005 13:23

my stockbroker tells me the shares in the shells appeared in my account today

[topvest] 14/2/2005 21:32

I think I agree with you. I think Bizspace is very close to being taken out by Trefick. It's a shame, but it looks inevitable and everyone gets a good exit with a reasonable return. Bizspace 2 could be along later on this year. I do think the Italian Storage has to be near the top of the list, particularly with O'Reilly snapping-up the shares. I'm keeping a watch on the Companies House web-site (rather sad I know!), but the first sign of action will be when one of the shells disappears (i.e. changes it's name).

[topvest] 14/2/2005 20:31

Yes, looking very good indeed. Sounds to me like they have a few ideas that are ready to fly. It's great to see that our patience might be rewarded. I've been in this one for a while and added some more before the record date. Will they list the shells straight away after tax approval or just bring them to market once individual deals are lined-up, I wonder? I'd be surprised if they list them all at once. Unless they have that many deals lined-up - I doubt it, but I'm prepared to wait. Hope we get the opportunity to invest in the secound round pre-IPO fundraising for each!

[jeff h] 14/2/2005 20:06

I share your sentiments hybrasil....though Peter O'Reilly seems to
have been mopping up sellers.

I wouldn't be surprised if he'd bought more today....or if we hear
more about the demergers this week.

[hybrasil] 14/2/2005 14:12

Not wishing to be too smart - does it not speak for itself. I had been buying thes in advance of the share distribution. I fully expected them to fall back after the x date which I believe was the 2nd feb. They are moving forwards instead.

[swapper] 14/2/2005 13:26

hybrasil - what makes you think this ?

[hybrasil] 14/2/2005 12:28

Big trades today at 77.5 No discount for the share distribution on the subsidiaries. This augurs very well indeed.