I AM GOING TO BUY BACK IN IF THEY REACH 25P. I SOLD out in 2003 for 35 i think. |
vassily
With byg cutting its dividend its hard to see how these can continue to pay one. |
HB.
Do you think BYG is going to much below 2 pounds?
Also, I note LOK has leveled off at around 60p.
It's hard to get an idea of the real value of their properties going forward into a stagnant economy. |
steve williams and the cohorts trying again.
They should have waited the last time and `I suspect at 58p they have paid too much this time as well. |
Hybrasil
You got your approx. 50p per share, that must come as a very small consolation. |
why oh why did i not short sell this. It was the most obvious short around! |
Several 3000 sells disguised by splitting
260 + 2740
2882 + 118
1882 + 1118
and an 8000 likewise
1342 + 6658
27,000 over 2 hours mostly all the same seller? |
Bumped up their rental rate by 11.2% to offset declining occupancy. Cannot do that without losing even more custom - and the market clearly sees that. Share price has halved in 4 weeks with sellers racing for the exit.
Now plunging into pennyshareland. |
Read the trading statement.
Occupancy falling.
Come on.
I now think 50p is on the high side! |
checking back in after my post 139 - no surprise the share price has fallen. |
 hybrasil : I agree with you, it shouldn't be to long for 50p. Even though Rev was up due to increase in £ per sqft but sqft is down. £PSQFT is up due to their very aggressive price increase policy and in current economic climate u cant do that for too long and this will hurt them in long run. I know some1 who rented with Safestore for a while and they increased his rent twice in a year and because he was away he couldn't do much abt it and as soon he came back he shifted and he will never recommend any1 too go to Safestore. Now, I wonder how many other unhappy customer are out there.
Also there are couple of line i noticed in 3rd qtr update.
"While we saw good levels of enquiries and new lets in May and June, we experienced LOWER levels in July, A TREND THAT IS BROADLY CONSISTENT WITH PREVIOUS YEARS".
But I went a did some research, as it turns out summer months from may to Aug/Sep are suppose to be the busiest for Storage companies and Xmas/new Year are the slow period. So if Safestore is seeing slowing down in Enquires in their busiest time, than I wonder what will happen in Q4 and when u read little further, CEO states that this is the busiest period for the Resilient business :-o. That means slow down is happening and we should look forward to A gloomy year end report. Its only so long they can as CEO Steve puts it "Resilient" figures out. IMHO dyor.
RB. |
It took a long time but we have now gone below £1.
At 50p I will buy and I suspect it will not be very long before they get there. |
It was but I suspect they will go a lot lower than that now. They really have not come down with the market - yet - . |
talking from salvador bahia now.......
hybrasil, is 100p your buying price? this has stood up well in a declining market. |
it has taken a long time but we are getting there. |
See my post of the 10th July.
The £1 wil be here shortly |
have to say surprising strength. seems in a fairly dodgy sector - has a way to fall to catch up with BYG and LOK IMHO. |
It took a while but here comes £1. |
There she goes! |
This has another 43p to lose. |
hybrasil, there is more than one way to value a company, it's obvious to see that you are a value investor. |
I also cannot see how they have stayed up. Perhaps the drop from 260p makes it look like a bargain. |
I fail to see how these have stayed up. |
Nobody knows then? |
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