Safestay Share Discussion Threads

[hybrasil] 24/5/2020 20:58

Well done Luke I have for me quite a stake here. I’ll be very lucky I think if it survives

[lukehold] 18/4/2020 15:25

Out with a good 70% profit here from 10p lows. Looks over bought on RSI will hopefully will get back in at low teens target 13p with lack on news.

[roleybirkin2] 02/3/2020 22:04

Property play on one hand, but as a hostel hotel chain undervalued

[hybrasil] 24/2/2020 10:06

A property company that caronavirus is infecting this morning

[bookbroker] 22/2/2020 20:08

Just a property company at the end of the day, no value for shareholders except when company sold, but AirBnB likely steal its thunder!

[symbiote] 21/2/2020 12:23

Property play yes, but they still have to deliver "ongoing high levels of guest satisfaction" to get there in style (77.3% occupancy up from 75.6% encouraging though)? It would be good to have a customer feedback metric on this to show they care. Expecting Covid-19 impact but that would be an opportunity to top up, imho.

[hiraniha] 07/1/2020 15:11

Remarkable how this has suddenly shifted with no news.Publicly at least anyway.

[hybrasil] 07/1/2020 11:26

Just on to my broker. Cheapest offer at the moment is .39p. Looks like they will move forward

[mr dexy] 07/1/2020 08:19

Options RNS from yesterday.... "The Options are exercisable at 33 pence per share after a period of three years from the date of grant and can only be exercised if the share price is at or above 50 pence per share." Regards to all Mr D

[ivor hunch] 19/12/2019 11:03

This is a property play -pure and simple

[hybrasil] 18/12/2019 19:39

Ivor. I totally agree. Have substantially increased my holding at the 30p price range. Tried unsuccessfully to buy more today. I actually like this long term

[ivor hunch] 18/12/2019 15:56

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.

[bookbroker] 18/12/2019 13:20

This is not a popular strategy, buying hostels on leaseholds, the market is weary of this company, until there is evidence they can monetise these hostels then the market will remain sceptical!

[kaos3] 13/12/2019 17:21

is there a stated goal when they will stop growing and will start squeezing the lemon? tia to prove that they are not growing the business without profits - an unicorn in order to be offloaded

[ivor hunch] 13/12/2019 16:55

I think the market is waiting to see how things develop. The management has expanded the business at a very fast rate adding properties and beds. It now needs to show that it can deliver profits from these acquisitions. Ultimately I think the aim will be to sell it as a going concern.

[hybrasil] 12/12/2019 18:16

The market seems to be saying that they don’t think Larry Lipman will deliver

[hybrasil] 22/11/2019 08:10

So Just checked currently better bid at 37p than offered at 38p. The rerating is overdue so the next two months should show interesting progress

[hybrasil] 22/11/2019 07:21

Liberum should be more aggressive than Canaccord have been. Good move I’d say

[billyboychrisd] 21/11/2019 11:50

Expected pull back, should hold 36 before moving on. Hopefully more news to solidify this.

[hybrasil] 19/11/2019 23:04

The real issue here is to who will buy it and when will it happen. It will be exciting to be in the share when it does happen.

[billyboychrisd] 19/11/2019 18:18

We appear to still be heading in the right direction, buys at 40 before close. Let's see if it provides much resistance or if we can move forward.

[hiraniha] 18/11/2019 15:08

This is getting exciting.