Safeland Share Discussion Threads

[dupree] 21/5/2003 16:15

how about we try and predict the high price in next six months just to pass the time?
I say somewhere between here and 50p, say...48.5p
c'mon someone have a go

[dupree] 05/5/2003 21:51

any clues on the pattern of 'purchase of own securities'?

[dupree] 01/5/2003 08:46

No. Do you?

[simonevans] 29/3/2003 18:44

Looks to me like Espazio, Safeland's Italian Storage JV may be sold to Tec-IS. It's all been very quiet since Safeland announced this jv - maybe things are going quite well? Anyone know more?

[dupree] 13/3/2003 14:06

and more. They won't get mine so easy! Ha!

[dupree] 11/3/2003 15:12

positive ann. today

[dupree] 31/1/2003 14:50

No I hadn't looked at that
maybe with the increasing nav the take out price will creep up as you say.
reassuring to see the price unrocked by the current market
I can't think why anyone would suggest 'reduce' for safeland.

[simonevans] 21/12/2002 15:34

One further point - anyone else noted the exceptionally high profits coming from the joint venture. £0.9m operating profit in half a year and the investment is less than £2m. What's going on here then? No mention in the results at the half year or last year, but looks reasonably successful at the moment doesn't it! As always DYOR.

[dupree] 09/12/2002 09:04

are you in safestore simon? I have been but not now. i daresay you have spotted the story there.
I haven't read the SAF results yet just glanced, but the increase in nav seems healthy.

[dupree] 25/11/2002 15:50

totally massive

[simonevans] 19/11/2002 21:44

The company could do a dividend in specie of the Hercules, Bizspace and Safestore shares to shareholders of Safeland. This is quite a common thing to do - e.g. Abingdon Capital are currently doing something similar. The main obstacle/issue with doing this is whether or not it gives rise to a tax liability to the directors. Come to think of it, I think the original Bizspace demerger did result in a tax liability and so maybe this will detract from doing this.

[dupree] 19/11/2002 17:59

compare that chart to the FT index! She's gotta be a winner! wdik etc

[dupree] 19/11/2002 17:57

buy buy you idiots fill yer boots! The asset value is massive and the company looks like being well on the road to going off the market. The company paid 50p a share recently for a large block of its own shares........wdik dyor wdysiuya hows my driving?

[dupree] 19/11/2002 17:53

what other interests do you mean and what do you mean by demerging them?
I go with the theory that Safeland will go private in due course eventually and that Hercules will subsequently carry the admirals flag as afr as the public companies are concerned.
I don't suppose much will happen meanwhile other than making a couple of pence when buyback supports the price and losing it again during closed periods
Theres no particular evidence that the company will ever need to pay over 50p for its own shares
Perhaps we should be trying to ramp this a bit? A little buying can go a long way. Meanwhile the company assets must be increasing in value nicely.
I'll give it a shot.

[simonevans] 11/11/2002 00:36

Not much happening on this one. What about Safeland going private and demerging the other interests at the same time? That might realise better value for shareholders. What do you think the chances are of this?

[dupreesdiamondblues] 04/10/2002 20:47

after consideration I left my shares on the market at 45p all day thro'Schwab and didn't get a bite off the company, although they were buying today. I think you needed to get your broker to ring them up and push them. I understand they were ofering 44p if you didn't bargain hard enough, so perhaps I would have got a sale at that price. I note they paid 45.5 for one parcel.

[dupreesdiamondblues] 04/10/2002 08:20

I think safeland may be entering the closed period (before issuing figures) tomorrow does thst sound right? So they will stop buying in shares. So possibly that might mean lower share prices again. Especially as you can bet your bottom dollar trading has not been good.
I will be hanging on to my shares I think, though it is hard to see much prospect of any major capital gains for the time being

[dupreesdiamondblues] 30/9/2002 17:36

Go Safeland!

[dupreesdiamondblues] 20/9/2002 01:19

simon what would you consider ripped off? Presumably you agree its fair enough for them to take back control if market listing has not been a great success? Surely it is up o the market meanwhile what the shares are valued at? I suppose you were thinking along the lines of a buyout price rather lower than you had hoped?
At leats the buybacks are keeping the price higher than otherwise (I suppose) so in that sense I should think they are doing alright by the long term loyal shareholders
It could look like hercules will be their main vehicle in future. I have made a couple of buys in both in the last few weeks. I think hercules has more upside. I find it difficult to hopr for more than 10p more on safeland, if that.

[simonevans] 31/8/2002 08:58

I have to admit that a bid now does look on the cards, but am hopeful that the Lipmans will not "rip-off" their smaller and loyal shareholder base. They may still have a surprise up their sleeves!

[dupreesdiamondblues] 29/8/2002 22:34

This is more interesting than bocadillo

[dupreesdiamondblues] 07/8/2002 11:53

It doesn't seem explicitly clear from the egm mailout whether saf will still be buying shares in the market; but I think it likely they will continue to pick up modest parcels as long as they are getting a discount to the 50p hthey are paying for the big lot, so in that sense it might be business as usual. After all if they were to ignore smaller cheaper amounts because of being stretched to buy the big lot hat would hardly be in the shareholders interest would it?
But meanwhile the 50p may act as an upper marker, with shareholders not bent on waiting it out satisfied with selling in the upper forties.
in due course a buyout seems most likely doesn't it. I understand there is a point at which this will be triggered automatically i.e. a certain percentage of the shares must be out of the comanys control for it to sustain a listing; but what is that percentage?
A further question is, if the company can get within striking range nearly of that point at 50p a share, does that rather dampen our expectations of how high an eventual offer may be. We might have been talking of an eventual offer in the mid sixties (for a nav of 78). Should we now adjust tha expectation downwards?
the document just mailed out is a reminder of how much money the directors take out of the company, which gently suggests something of the private fiefdom rather than the publicly quoted company
they don't hold out any prospect of improved trading, and all their share assets i suppose are depressed e.g. Hercules et al; so this nav/buyout play seems to be the only game.
Perhaps if property conyinues to be inflated, we will see saf. sell some of their property assets to reduce gearing again and get into a better position for the downturn. They will neeed what up to a couple of million to mop up the rest of the shares up to the regulation limit

[dupreesdiamondblues] 06/8/2002 01:06

Is we read the available info carefully would we discover whether the 'auhority' to buy back shares, or the companys apparent intentions, are likely to extend to further shares other than the big holding, in the relevant timespan? Or could we find for a while a 2 tier market, us small shareholders somewhat left out in the cold, if safeland itself is not in the market for our shares. Tomorrow I shall find out what word my friend got from ringing the co.