Safestay Share Discussion Threads

[hybrasil] 06/1/2016 11:33

chunky trade today 1% of the co

[hybrasil] 06/1/2016 05:15

At this point in time this share is good value at nearly 10% less than a director paid within the last few months. Come March when the company reports you will see at least a 20% growth from here unless another acquisition happens.

[hybrasil] 14/12/2015 09:38

I think we are in for a quiet time here until april

[hybrasil] 27/11/2015 16:05

good to see oryx buy into this

[hybrasil] 26/11/2015 15:08

Thats nearly 4% of the company change hands today

[hybrasil] 10/11/2015 08:49

So the Milan thing seems to have gone by the wayside.

I'd far far prefer to see Larry trading in London which he knows better than most.

[battlebus2] 15/10/2015 19:47

I.C. tip seems to be drawing in the buyers, nearly back to 70p :))

[battlebus2] 14/10/2015 07:33

Would like to do the same myself playful. Edinburgh sounds good.

[playful] 13/10/2015 23:43

I'm still here feel like booking a room...

[brownie69] 13/10/2015 18:51

Yes I C tip.

[battlebus2] 13/10/2015 18:44

Mentioned in IC according to Hardman and co.

[hybrasil] 12/10/2015 17:14

I think you will now see fairly steady growth here. I have bought these as a play for 2020.

[battlebus2] 09/9/2015 08:40

This co has a great future imv....


Safestay (AIM: SSTY), the owner and operator of a new brand of contemporary hostel, announces its unaudited interim results for the six months ended 30 June 2015

Financial Highlights

-- Revenues in H1 2015 increased to GBP1.4m (H1 2014*: GBP0.5m)
-- EBITD in H1 2015 GBP0.258m (H1 2014* GBP0.230m)
-- Reflecting significant investment in expanding the central infrastructure to manage the expanding portfolio, the Group recorded a loss before tax of GBP0.249m (H1 2014*: profit before tax of GBP0.137m)

-- Introduced dynamic pricing structure which increased the number of beds occupied at the Elephant & Castle hostel by 5% in the 6 months to 30 June 2015 compared with the pro forma 6 month to 30 June 2014, whilst average bed rate (ABV) in the 6 months to 30 June 2015 reduced slightly to GBP18.73 (pro forma 6 months to 30 June 2014: GBP18.76), overall revenues increased as a consequence

Operational Highlights

-- During the period, the Group operated Safestay hostels in Elephant & Castle and York
-- Substantially completed the refurbishment of the Holland Park hostel which opened to the public in August 2015; upon completion in September 2015, the Group will be able to offer 781 beds in London each night

-- Appointment of Philip Houghton as Chief Executive Officer in January 2015 and joined the Board in June 2015

-- After the period end, on 17 August 2015, the Company announced the proposed acquisition of a 132 room/615 bed hostel and student accommodation scheme in Edinburgh, a freehold property, for GBP14.9m which when completed will lift the total number of beds across the four hostels in the peak summer season to over 1,500 beds and to 1,200 beds in the remainder of the year

*while the Company was incorporated on 29 January 2014, the comparative figures for H1 2014 represent 2 months' trading (from 2 May 2014 to 30 June 2014) and for the most part are for the Elephant & Castle hostel as the York hostel was acquired on 23 May 2014

Larry Lipman, Chairman of Safestay, said:

"At the beginning of 2014, we were a private business running one hostel, today we have three contemporary hostels operating under the Safestay brand and we are poised to add what will be our largest hostel to date, in a very strong location in central Edinburgh.

A lot has happened in that time and these results reflect the rapid changes that have taken place. Importantly demand is good, we have invested in putting the infrastructure in place ahead of the expansion of our portfolio and we are well positioned to continue to grow the business, whilst underpinning the underlying value of the Company with a mix of freehold and long leasehold properties."

[fundfemale] 07/9/2015 12:08

It is open :-)

[ghostofahangman] 07/9/2015 11:42

Still no news on the early "summer" opening of Holland Park

[hybrasil] 07/9/2015 09:38

bought shares on the open market rather than take up the offer slightly cheaper

[hybrasil] 17/8/2015 07:25

Delighted to see Milan not going ahead. I was a shareholder ink

Larryys last foray there (a self storage ) and it wasn't great
I will be taking up the shares here though

[battlebus2] 17/8/2015 07:19

Great news ....restoration to AIM and acquisition of a hostel along Edinburgh royal mile....open offer at 62p...

[pyemckay] 22/7/2015 17:24

there we go. quite a large fundraising required so i hope that goes smoothly.

[eburne1960] 09/7/2015 16:42

Wouldn't mind so long as us pi's were allowed to take part....

[battlebus2] 08/7/2015 20:50

You maybe right hybrasil, a fundraising announced with a European hostel.

[hybrasil] 08/7/2015 20:10

i suspect the price fall means a fund raising is coming!

[battlebus2] 03/7/2015 18:33

Consolidation period after the great run we've had I guess.