Safeland Share Discussion Threads

[investinggarden] 23/11/2009 11:27

Big pay days for AIM

[topvest] 19/11/2009 08:53

Still hold Safeland, so will keep watching.

[tara7] 19/11/2009 05:57

Thats why i said a 2% chance, [not an 90% chance] but Safeland could be sold and they just might take some cash and walk away. Good luck in any event, pop back and see us at LEO in a month or two when things might have moved on a tad.

[topvest] 18/11/2009 21:33

Rubbish. It's controlled by the Lipman's. The only potential acquiror is Safeland Holdings, being the Lipman's family company.

[tara7] 18/11/2009 10:04

In my view 2% chance safeland has had a bid go in for it.

[tara7] 18/11/2009 09:58

Something going on, moved from head office that in my view has been let or sold.

[topvest] 17/11/2009 21:35

Not me - only got about half a percent or so.

[tara7] 17/11/2009 18:27

Topvest you saw some action today, 10% of Leo traded.!!!!!!!! I did not know you had that many.!!

[topvest] 16/11/2009 18:43

I've got quite a few Leo Insurance and hope they do a big deal. Always possible. They are the only 1 of the 7 demerged entity left when the other 2 get wound up this month.

For those who remember Hercules and Deacon etc., the Lipmans were very successful in property insurance at one time. Hoping that they will find a deal, but have been for the last 2/3 years so need to be very patient!!!

[tara7] 16/11/2009 17:40

Just my point, why are they on AIM ? as 99% of others that size have de listed.

[the_beagle] 16/11/2009 17:17

tara....LEO is a poxy little firm of solicitors who admit to being deeply dependant on SAF for survival. I can't see them diversifying in any exciting way. Quite frankly a company of that size should not be quoted at all.

[tara7] 16/11/2009 10:51

AT £140,000 market cap if LEO turns into a Bizspace or Safestore you will feel pig sick.!! In my view one should buy when others are not. Good luck in any event.

[dupree] 16/11/2009 10:40

hello!

I was put off selling many for the crash by the spread (what an idiot) so I have safeland, more shares or less, for yonks.
There was also the issue of needing to place the right number shares for the market, repeatedly, to get rid of them into a market that one is driving down oneself. What do they call that (maximum) number of shares that the market is habituated to dealing in routinely? Anyway its rather small isn't it for Safeland?


I bought in some replacements on 13th, though I see that not showing up on the trade page. I forget the price but it was much tighter than the quoted spread. At the bottom end i think.

I think beagle is very correct to pick up on the salaries. The directors make sure of doing nicely from their little family firm. This sort of thing can be an indicator of deep rooted fishiness. It can be fair to have an investing rule that stays far away from things like salaries and perky luxuries that seem to reflect a level of success not apparent in the accounts, no excuses.

However with lil' old safeland, I think what you see is what you get.

topvest will know better, but I suspect SAF have a history of (share price) frequently lingering noticeably further behind NAV than the wider property asset market average? i called up a chart that said that's exactly were they are now.

I must admit to being considerably unsure just what Safeland may do next to make money. But the nav at least indicates some safety net, not a share to lose sleep over?

[topvest] 14/11/2009 18:35

Jeff H - their existing spin-outs are all poor. I agree. All I'm saying is that they have created very good businesses in the past - Bizspace, Safestore and Hercules. They can clearly do it again. I wouldn't be surprised if Safeland gives up on being a property trader and converts to being a managed workspace provider, for example. Returns here have been very poor over the last 3-4 years, but if in there is no point bailing out at a third of book value. Will hold until something better comes along.

[tara7] 14/11/2009 18:07

LEO is valued at just £140,000 and has NOT delisted, must be the best value share on the LSE.!!!! See my thread TARA*S TEN FOR 2010.

[jeff h] 14/11/2009 17:02

"The main potential is on their spin out companies and investments"

Out the 7 demerged shells 4 were liquidated last year and Taurus & Sagittarius are to be put into liquidation later this month.

That just leaves Leo which is struggling to keep its head above water.

The Managed Workspace Fund has good potential but nothing else appears to be on the horizon.

I expect them to report another large loss in the forthcoming Interims and will remain for now an ex-holder but interested observer.

[topvest] 14/11/2009 14:30

Some comments from me. Held SAF for a long time:
- The Lipmans have had a very quiet time of late.
- Probably paddling hard to keep their heads above water in a very difficult market.
- With property finally on the turn looks like they will survive.
- Salary costs in SAF are way too high and have been for years, but it's their company by and large.
- The main potential is on their spin out companies and investments.
- Look at Safestore now as an example of what they achieved, along with Bizspace and Hercules Property Services.
Now is the time we have been waiting for. Larry Lipman needs to get some of his ideas going again.

[the_beagle] 13/11/2009 08:24

Have to admit to selling 12.5k yesterday. I had a good read of their last report and was staggered to see the directors took out £1.9 MILLION last year in earnings. It looks like this is being run by them, for them. They do however control 80% of the shares so I assume they would like them higher than this, although they might just as easily have written the NAV back as low as possible in order to take it private. If that happens it will be at a premium to 20p so I will hold my balance of shares for a while yet.

[mryesyes] 12/11/2009 23:15

Sorry but existing build commercial property values are NOT INCREASING
As a regular participant on the auction circuit I can tell you that commercial property, once dated and/or mislocated, is only sold for change of use, and that may be 1/3rd or worse of the price paid, but if thats the only way out of the investment......
hence SAF and Twerrace Hill etc sp

[gantenbrink] 02/11/2009 11:52

That's what I'm hoping. Even on present valuation they are very cheap by comparison so an increase should highlight the fact and draw more attention. All indications seem to be that property values are increasing so hopefully the results will make pleasant reading.

[the_beagle] 02/11/2009 08:33

Interims at month end. Valuation uprating could get this well and truly re-rated imo.

[mike_f] 30/10/2009 12:23

Delist?? Why? They have been trading the whole of the way through the economic downturn, why delist now?

[mryesyes] 29/10/2009 14:48

still think this will delist

[mike_f] 27/10/2009 14:38

The spread is quite large but hoping that wont matter when we get near NAV ;) GLA

[the_beagle] 27/10/2009 08:33

Is there any comment on SAF on other boards? Looks like reasonable buying interest at the moment but massive spread won't help. 20-25p. Rubbish!