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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Safestay Plc | SSTY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 26.50 | 08:00:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 26.50 | 25.70 | 26.50 | 26.50 | 26.50 |
| Industry Sector |
|---|
| TRAVEL & LEISURE |
| Top Posts |
|---|
Posted at 13/6/2023 11:03 by smithie6 in the related party section (note ~22 in accounts) of 2021 accounts there is no mention of LL owning a building, as you claim in your post.(the final final report for 2022 is not published yet so we should use the 2021 FFR for initial info on related parties transactions) Where did you get/see the info in your post or is it false ? |
Posted at 12/6/2023 09:36 by smithie6 so, you wrote that the directors' remuneration is given in the Annual Report but not in the audited annual results. And that is why the info is not in the results that have recently been issued for SSTY....I have gone & checked... & you are right. so, for the renumeration info for 2022 we have to wait for the Annual Report to be issued, shall I call it the glossy Annual Report since that phps identifies to PIs what it is. OK ===== I looked at the AR for 2021 & the remuneration is reasonable or lowish. |
Posted at 11/6/2023 19:26 by thirty fifty twenty smithie - thank you for your research, contributions and replies as they help me understand the business and my investment decision.all of the full requirements are in the directors report. in 2012 LL earned 77k. what seems to have happened is that SSTY have posted up to the website the full detailed financial statements for FY22 but not yet the full annual report for FY22 - maybe it is still at the printers. imho the full information will be there at some point - as it was last year. thus i have found 2 bits of 'criteria information' have been red herrings for me i.e. the Air Conditioning was stated on the website, and the directors salaries are also detailed, just not yet for FY22. everyone has their own investing style and i wish you luck with yours. because i choose information sources that are helpful to my style please dont be offended that i will now filter yours posts. i dont understand why you are risking your money and then continually post at length negatives, some of which i have found to be untrue. for me.... i like the assets, i like the growth in the sector, i have no doubt i would run the company differently to the current management but that is not an option. as a minority shareholder i accept that i will only get a percentage of the cake. for me all companies have downsides, faults and risks. i have decided re SSTY that the reward if they do increase occupancy and/or average room rate for the next 2 years that is share price growth - i bought at 20p in february. i bought more after these recent results. for me, i see upside of 40p within 24 mths. maybe 60p if they do well and make acquisitions. if it goes wrong i think i will be able to sell out for at least the 20p i bought my first tranche at. my strategy is heavily influenced by the chart which , like Hostelworld has clearly broken a multi year downtrend and is also clearly in an uptrend. i will hold as long as that uptrend in still working. i accept risk. the holding is now 0.5 per cent of my overall portfolio. good luck all - whatever your strategy etc... |
Posted at 11/6/2023 16:04 by smithie6 here are the reqts for reporting dirs remuneration & share optionshxxps://www.natlawre "Directors’ remuneration report The remuneration report must be available free of charge on the company’s website for ten years. { I do not see it on SSTY website}} The remuneration report must include the split of fixed and variable remuneration awarded to each director each year. { the SSTY annual report does not do this}} The remuneration report must specify any changes to the exercise price and date for the exercise of shares or share options by directors. The remuneration report must compare the annual change in directors’ remuneration to the annual change in pay of the company’s employees and of the company’s performance (measured in terms of total shareholder return) over a five year rolling period. The report must include the remuneration of the CEO and deputy CEO even if they are not directors of the company. Directors’ remuneration payments Remuneration or loss of office payments to directors that are not consistent with the approved directors’ remuneration policy may only be made if an amendment to the policy authorising the company to make the payment has been approved by shareholders. The regulations will come into force on 10 June 2019. © Copyright 2023 Squire Patton Boggs (US) LLP" I can not find these details for SSTY. Are the rules being ignored/broken ? |
Posted at 11/6/2023 09:42 by thirty fifty twenty smithie , i understand your point, but i think there are more relevant statistics. if you change prices at 7.30 then who would book at 5.30 knowing that to wait then can get much cheaper in 2 hours. this fact would spread rapidly in back pack circles so it would become a game of cat and mouse. its way waitrose does its yellow labels a different day each week.secondly i think super cheap last minute prices confuses the upmarket brand of safestay. thirdly if they get to say 70% occupancy this year that implies that say fri and sat is already at ,say, 90% and other days at , say, 60%. so really it is that detail we need to know actoss days and seasons i.e. we ultimeately are paying mgt to monitor this for us and we need to know industry averages and detail etc... before suggesting their need to run.business differently. all IMHO, DYOR and BoL SSTY is in my portfolio |
Posted at 09/5/2023 12:39 by boonkoh Good update read across from Hostelworld. Demand still strong. Price per night still increasing, driven by lack of supply. Win win for SSTY - both high occupancy as well as per night bed rates. On a largely fixed cost base. |
Posted at 17/6/2020 20:33 by lukehold Small snippet from Paul Hill 58m in Ssty trading at 0.4 NAVHttps://www.voxma |
Posted at 29/5/2020 11:15 by varies Unfortunately dormitories are not tempting places to sleep in whilst the virus is about.It is difficult to see how our hostels can be brought back into use for some time without dividing up the accommodation into individual rooms which would be very expensive. If this were done, then the local authorities in London and other big cities might conceivably take them over to re-house some of the thousands of homeless people transferred in recent months from living in the street to modest hotels. I believe,for what this is worth, that a statutory obligation will be imposed on the local authorities to do so. Whether similar obligations will be imposed on the continent as well, I have no idea. I have a fair number of shareholdings now confined to "the back of the drawer" waiting on better times and I fear my SSTY shares must join them. |
Posted at 18/12/2019 15:56 by ivor hunch I don't see why holding the hostels (most of them) leasehold detracts from the business plan or value. The company adds value by acquiring slightly run down hotels in city centres then renovating them to double or treble the beds thereby increasing both capacity and usage. Expansion would be much slower and probably impossible if the properties were to be bought as freeholds. Size is vital to the plan and SSTY has apparently doubled its number of beds since October 2018.One day in the not too distant future SSTY will be bought out - for much more than its current price. |
Posted at 05/8/2019 07:10 by croasdalelfc EasyHotel bought out for EV of £126m .SSTY own more hotels and have similar number of beds - |
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