ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

SAF Safeland

37.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Safeland LSE:SAF London Ordinary Share GB0007667008 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 37.50 30.00 45.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Safeland Share Discussion Threads

Showing 601 to 623 of 950 messages
Chat Pages: Latest  26  25  24  23  22  21  20  19  18  17  16  15  Older
DateSubjectAuthorDiscuss
12/1/2010
07:53
Sorry, lost you here. Am i right in thinking they did raise the £200m but so far only spent £60M?
tara7
12/1/2010
07:48
Tara - yes, it was. But they made a subsequent announcement saying they have stopped buying properties because of fallin values. They then wrote down the investment. I think they still have the original 11 centres, but stopped the roll-out.
topvest
11/1/2010
22:04
IT says 200M does it not.?
tara7
11/1/2010
21:57
£200M in that fund if i am right.
tara7
11/1/2010
21:50
Flexspace is the trading name for the Safeland active management unit trust. They started this a few years ago, but are probably in breach of their covenants as they bought the first few properties at the wrong time. Nevertheless, they are still doing business and could expand it enormously given adequate funding.
topvest
11/1/2010
21:47
Have you seen Flexpace tara; this is probably the most likely expansion vehicle now the time is right.



They did very well with Bizspace and Safestore. They can do it again.

topvest
11/1/2010
21:38
Like I said could do a deal, new cash, or sell up for 70p plus. At 13.3p these are a gift more so as the market turns up.
tara7
11/1/2010
21:26
To me, they can pay themselves what they like. If they do not make profits for very long they will have no job.!! Head office has gone, and cost cuts will no doubt be seen. Thats yet another reason why I buy and others do not.
tara7
11/1/2010
21:21
If you really want outrageouse exec salaries then look at Conygar. £6.3m for 5 employees, including PA.

The Lipmans have paid themselves as if this were a private company.

To be fair to them, it is really a family co. as they control the company and have done for years. Minority shareholders have always known this, but have invested for the demergers that the Lipmans have previously shown great skill in passing value to shareholders. Those days are but a distant memory!

They had maintained NAV increases for a number of years, until the recession struck. They have been slow to respond to the recession.

topvest
11/1/2010
21:08
This company is very very cheap, but I have never seem a group that has such a ridiculous salary base relative to their size and income.

Is there a company other than SAL where the annual staff costs (£2.4m) are higher than the market cap! Even if you compare it to net assets it is still an astonishing 20-25% of net assets and around 10% of gross assets.

I have an even worse stat than this. Executive Directors (4) remuneration alone at £1.9m is nearly 20% of net assets!

Quite astonishing. I am sure there is plenty of upside here if they ever do anything to justify that money, but I think I will give it a miss.

An externally managed fund would be charged around 2% of net assets (example attached for Max Property which is charged 1.75%, although it will have a superproft share as well) so the value being subtracted by the staff costs in this company is about 10 times too high.

I haven't looked at this closely and perhaps they are doing something for this money? Can anyone here explain why the cost base is so eyewatering?

It is very difficult to do anything about the cost base as the executive directors also have control of the company.

scburbs
11/1/2010
17:44
Tiny company so you might still be looking this time next year.!!
tara7
11/1/2010
17:41
anybody know a spread bet firm offering these? IG dont appear to do so.
pcolman1
11/1/2010
15:03
Yep, not sure what day or week, but she will go up fast, and it will be the case of IF ONLY. !!!!
tara7
11/1/2010
12:04
Well a buy has just shown up.
tara7
10/1/2010
21:45
Just note that all shares have risk, i am not god.!! Good luck in any event.
tara7
10/1/2010
21:38
Thank you,

You seem to have the misers touch!!
I will look into it tomorrow

dodgydd
10/1/2010
21:32
Yes, i do, look at the accounts on company web page for 2009 report, as you start you will see they have big plans for the recovery, and bank support. they could also buy back shares. Costs have been cut and do they not have links with Soros.??
tara7
10/1/2010
21:27
Tara,
Do you think these are still worth a punt!!!

dodgydd
10/1/2010
20:52
What do we know about the Safeland active management unit trust.??
tara7
08/1/2010
21:35
Topvest, all good valid points. Thankyou.
tara7
08/1/2010
21:09
Tara - this is a good value stock at this price, provided the Lipmans or the bank don't run off with the booty! I've not been too impressed by the way that the Lipmans have run this as a millionaires spending club for the last 5 years. £2m a year of directors' pay is outrageous, when they make no profit. They had done some very good things in the past with Safestore, Hercules and Bizspace but just seem to take the cash these days. Timing is everything though. I suspect the outcome is one of the following:
1. Safeland disappears and is delisted - I wouldn't expect a great return in this scenario, if anything.
2. They turn Safeland into a new holding company for a flexpace or new venture, as property trading just clearly doesn't pay the bills / more correctly a £2m directors' payroll.
3. They limp on property trading and doing a demerger at some point.
Option 2, given Larry Lipman's start-up record could yield massive returns at this price.
Will it happen? No idea!
I've got quite a few of these. I'm not selling, at anything like this price, but I'm certainly not buying any more.

topvest
08/1/2010
16:13
High risk, to one man is low risk to the next. Me, out of 23 shares on my posts one has gone bust [after i was out] so when one can 10, 20 , or 50 bag stocks from these levels i would say its low risk. Note the FTSE is now lower than ten years ago. SAF has assets way, way, above the share price that reduces risk big time. Cost of money is also very cheap [not being fixed at 6% like all the big property companies are.]
tara7
08/1/2010
16:08
tara,
freddy has been buying a few here, can't blame him with the discount to NAV. I have a few too, but I regard this one as high risk.

crawford
Chat Pages: Latest  26  25  24  23  22  21  20  19  18  17  16  15  Older

Your Recent History

Delayed Upgrade Clock