well martin did you buy back in? |
hybrasil,
glad u did'nt move on this one? |
bought yesterday at 187.75p and closed today at 193p. |
who could safestore realistically bid for in this area ? |
Dont be silly jrjr99 its overvalued at this price so hybrasil says......
Didnt get my shares the other day but never mind made a few quid and will wait to see if it breaks 1.90 before investing again or will get back in at 1.80
Have a great weekend all |
up again...did someone mention a deal ??!! |
Didn't Steve Cash in some chips around £6m or so at floatation? Sell big chunk and buy small chunks hmmmm.
Amo |
Steven Williams would need to buy more than 25000 shares to keep this price up |
Look for exapmle at wichford. All its properties are let to the government or similar. You can get a return of 5%. This remains a sell till it is trading at asset value. |
did you get yuor shares martin? |
Never mind Sam66, I sold out at a profit and have a buy order in at 179.
Good luck next time |
Well stopped out this morning by 0.2 now its recovered 7 points ! Typical thats what you get for not watching the screen made a profit initially then gave some back last week, now made a loss with today's antics. :(
all the best Sam |
Hi Martin
The figure I came up with was £6226000. However nothing gets me off my NAV point. So eg if I invested the market cap of this company in Germany in Government property, without any grief and with no employees I would get a return of at least 5% or £16m pa.Dont get me wrong. I like this business. Its just that its overvalued at the moment. |
Hybrasil nice to see you again
So they are now making a profit of £6,000,000 + every 6 months, plus paying a divi, interest is fixed so has no effect if rates rise, more profit to come and more stores to open / be extended.
Looks ok to me |
The real NAV IE AFTER Tax is 101p. Get real. |
The effect of the valuation has led to an adjusted NAV per share of 157.4p. So that values the business at 22p a share at the moment! |
I see 190p |
LONDON (Thomson Financial) - Safestore has reported H1 EBITDA before exceptional items and gains on investment properties of 19.0 mln stg against 15.14 mln stg for the same period in 2006, after occupancy levels and rental revenues increased across the group's 100-store portfolio.
Revenues increased 14.9 pct to 34.61 mln stg and adjusted net profits increased 112.8 pct to 6.57 mln stg, the company said. Adjusted net asset value per share was up 54.8 pct to 157.4, and the group declared a maiden interim dividend of 1.5 pence.
Trading in H2 has begun positively, with healthy increases in both occupancy and rates, the self-storage company said. |
Morning all
Well they look good, paying a divi, profit of around 7mill before property rise, 16 new stores to come online and interst fixed at 5.24%
Will continue to read as I am sure I have missed some bits |
Well done on CFM, have a beer for me I am working tonight, |
Good luck to you sam66 I am of course long.
Had a cracking day on CFM and also just brought into RNVO time to go and have a beer or 2 see you all in the morning |
Lok down 6p Byg down 8p today with the ftse up, the sector is struggling time to place your bets for tomorrows results, I am still short, ;) |
Morning all
Plenty of sells on Friday but the price held up well.
Results tomorrow :) |
I've been watching for the last 3 weeks and believe this has 10% upside during next week and the interims out on Tuesday will prove this. I'm in at 181 today.
Good luck to all those who hold :^) |
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