Safestay Share Discussion Threads

[lukehold] 29/7/2020 07:38

Immo has just jumped 40 percent on a RNS about reopening some attractions. Expect the same here soon

[lukehold] 29/7/2020 07:37

Maybe a director buy from Larry Lipman will be seen again in these lows.

[symbiote] 28/7/2020 18:25

No visibility on this until second wave fears ease or a vaccine appears it seems.

[lukehold] 28/7/2020 16:52

Back down to 11p with worry about further lock downs?

[lukehold] 04/7/2020 17:31

Berlin and Warsaw open for business. Hoping for a Monday RNS to update the market and not just the travellers.

[lukehold] 02/7/2020 07:34

RSI entering the buy zone, let's see what happens this afternoon

[lukehold] 01/7/2020 20:02

Odd trades of the value of 1,994 7 times over the last few days..

[lukehold] 01/7/2020 13:47

It's picking up

[lukehold] 27/6/2020 14:59

Holiday bookings 'explode' as travel restrictions easeHttps://www.bbc.co.uk/news/business-53206148

[lukehold] 26/6/2020 18:48

Safestay's hostels in London and Edinburgh will open from 17 July with safety measures including contact-free check-in; screens in reception areas; packs with masks, hand sanitiser and gloves handed out on arrival; new cleaning protocols and dorms restricted to the same group of travellers.https://www.theguardian.com/travel/2020/jun/26/uk-hostels-to-reopen-july-but-without-dorms-or-socialising

[lukehold] 17/6/2020 20:33

Small snippet from Paul Hill 58m in Ssty trading at 0.4 NAVHttps://www.voxmarkets.co.uk/articles/union-jack-oil-cadence-minerals-bwa-group-and-paul-hill-e524c72/

[lukehold] 17/6/2020 12:51

Only 2 percent held by PIs, which is why the board is so quiet. Great value here, they have around £40m worth of property available for £11m. Simple, as soon as the doors are back open will rerate back upto the 25/30p zone before getting back to the 35p broker targets

[lukehold] 17/6/2020 07:31

Larry Lipman, chairman of the company, said: "2019 was a transformational year for Safestay. We added 7 new hostels increasing our number of sites to 20 making us a leading premium hostel operator in Europe."He said the firm made a good start to trading in 2020, and added that "the sudden spread of Covid-19 has meant we have had to adapt quickly to an unexpected phase".Lipman said: "Our focus is on ensuring the safety of our guests, initially targeting the domestic markets in each country, and then looking to gradually return to normal trading patterns."

[lukehold] 17/6/2020 07:31

Safestay today said: " Under the reopening plan there will be protective changes introduced to check-in, food service, cleaning rotas and the temporary closure of common spaces with no shared rooms, and instead rooms will be sold to individuals or groups known to each other."It outlined further details on its initial plans for when lockdowns ease. Reopening will be staggered over the course of 2020, subject to the restrictions in each market and look to initially focus on just domestic customers while international travel remains limited.Check-in will be completed via WhatsApp, hand sanitiser gel, masks and gloves will be made available, common rooms including the restaurant areas will be closed, breakfasts will instead be served in boxes.

[lukehold] 17/6/2020 07:29

Https://www.standard.co.uk/business/hostel-company-safestay-outlines-reopening-plans-a4454051.html

[lukehold] 16/6/2020 13:03

Absolute bargain, Poland already open for business. More countries following suit.

[lukehold] 16/6/2020 13:01

Elephant & Castle hostel was revalued following the 73 bed extension at GBP26.8 million, an increase of GBP10.8 million over the last valuation in 2017, which equates to a NAV increase of 16.7p per share

[1_watermelon] 01/6/2020 21:30

Lukehold, I agree, the young/sophisticated/carefree clientele that will be staying at these hostels are probably more worried about picking up an STI than the Coronavirus. If you are allowed to mix with bubbles of 6 people (likely to be increased) that covers groups for most of the larger rooms at the hostels. These hostels are aimed at the age groups that are considered low risk from the virus and I doubt Safestay get many bookings from the over 60's. I bought in at the low 30's, topped up in the 20's and then pretty much doubled down in 10-13p. I could sell for a small profit but I'm happy with my holding and will continue to hold for the foreseeable future.

[lukehold] 01/6/2020 17:42

will there be some big buys showing tomorrow..

[lukehold] 01/6/2020 17:41

Not a bad day

[lukehold] 29/5/2020 11:58

Top end and bottom end of the market will be just fine imo. Average price of £20 pp per night will be full of undeterred young ppl as soon as available

[varies] 29/5/2020 11:15

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.

[lukehold] 29/5/2020 07:08

Elephant & Castle hostel was revalued following the 73 bed extension at GBP26.8 million, an increase of GBP10.8 million over the last valuation in 2017, which equates to a NAV increase of 16.7p per share

[lukehold] 29/5/2020 07:03

I just saw it’s going to be quiet for a while that’s all. Today’s RNS May draw some attention to how undervalued it is