Safestore Share Discussion Threads

[johnsoho] 29/1/2015 21:50

This really is a very quiet board with no posts at all during the last seven months!!!

There is a very nice article in this weeks 'shares' magazine about Safestore's growing returns, with lower costs and operational focus set to drive a net asset value rise; it rates it's growth as high whilst both the risk and quality is set as medium

I like Safestore's growing dividend, at 31 October 2013 it was 5.75p and at 31 October 2014 it grew to 7.45p with the Investec forecast for the current year being 8.6p whilst the following year it could be 9.3p per share.

The shares article concludes that momentum is building in the business as it extends it's track record of boosting occupancy while increasing prices; the share is rated a buy.

I'm a long term holder so well pleased

[grahamburn] 18/6/2014 16:36

The most disconcerting element of today's trading is that not only is the volume well up on the recent daily average but the number of trades is exponentially up. A quick look at the last 5 days trading shows a consistent level of 50 or so trades and 50,000 volume. Today there are over 800 trades and well over 1,000,000 volume. However, having said that, apart from one large trade (a sell) mid-morning of some 228,000, the bulk of trades are still only in three figures. Maybe the market knew about the large sell in advance.

It's unlikely the market would have any advance warning about current trading this far in advance of results, IMO. It's more likely to be small holders being caught out by stop losses - and then some more.

The first quarter trading update in February didn't flag up any serious concerns; indeed, it was reasonably upbeat. So we'll just have to wait till next Thursday.

PS This is a very quiet board - no posts for nearly six months!

edit At least the price has hardened a little at the close.

[redrumtum] 18/6/2014 15:29

I was thinking the same. Always a worry as a PI, we're usually the last to hear about significant news. Hopefully it's just a result of the recent downer in the housing market.

[johnsoho] 18/6/2014 10:52

Anyone know why share price has dropped quite substantially today? Interim results due on 26th June and I am hoping that these will be rather nice, but given the drop I wonder if news etc has leaked out!!!

[vision88] 31/1/2014 09:42

no I'm afraid not iv never heard of the safe bank .never thought they existed are they part of the bank of plenty is Mr Greedy the Pig CEO

[18bt] 31/1/2014 07:42

It's not often that a share price shoots up on news of a share placing. More dermis king and now growth potential

[ryana85] 30/1/2014 17:06

Guys I recommend to get in now and go long......give it 3 or 4 years but there are good things coming. Fortunately I got in at around 104p so it's been a nice little earner.

[paul_butcher1999] 24/1/2014 17:46

Aleks what was it about pumping up a dog a few months ago?

[grahamburn] 06/11/2013 20:54

There have been at least a couple of recommendations in the past few weeks which probably explains the interest.

[pvee] 06/11/2013 20:06

This has woken up from its slumbers recently with little to spark it off. Bid on the way perhaps ?

[18bt] 04/9/2013 07:59

Suspect the resignation of the CEO will affect what is a decent IMS. 2014 is shaping up to put this back as a growth stock.

[40t] 03/9/2013 16:21

Yes, would have thought last week's IC tip would have got a mention - though the chart isn't especially encouraging for those who take note of such things.

[18bt] 03/9/2013 16:09

graham - let's try and generate some interest. Should be more bb activity for a £250m co!

[grahamburn] 03/9/2013 09:07

Correct on all counts, 18BT!

Mind you, the latest dividend hardly benefitted from REIT status with only around 10% of it being classified under that heading. This split should improve with the REIT element proportion increasing as time progresses, I would guess - and hope.

[18bt] 03/9/2013 08:54

Is this thread completely dead? Just bought in yesterday prior to IMS tomorrow. As well as sensible valuation, this is a conviction buy that the increase in the housing market will increase occupancy rates and the imposition of VAT has worked its way through the system. Gearing is high, but co has plenty of facilities. Decent yield which should benefit from REIT status.

[paul_butcher1999] 06/10/2012 09:35

aleks what was your cryptic remark about?

[grahamburn] 14/9/2012 14:05

From Tempus column in The Times today:

Both the biggest suppliers of temporary storage space have put a break on new openings. Big Yellow Group thinks it has as many as it needs; the market leader, Safestore Holdings, had just opened one in suburban Paris but says there are no others planned.

It is not that the market is saturated; there are twice as many square feet of storage space per head of population in London as in the rest of the UK, but the capital still falls well behind the US. But such companies had previously been able to rely on a booming housing market and are now having to be more canny about how to get the most out of existing outlets.

For Safestore, this means variable rental rates that take account of the local economy. The group has 135 stores, including 98 that are wholly owned in the UK and 25 in Paris. It has built about 20 since it was floated five years ago by private equity with hefty debts; these take time to fill up and reach their full potential.

That differential pricing, and a hit from the lower euro, sent the average rental rate almost 6 per cent lower in the third quarter to the end of July, but revenues per square foot were correspondingly higher and quarterly revenues, at constant exchange rates, grew by 5.7 per cent to £24.9 million.

Strong cashflow and the lack of much further capital spending could imply further rises in the dividend, while the shares already yield more than 5 per cent. Worth locking away, so to speak.

[paul_butcher1999] 28/6/2012 21:12

aleks what are you referring to?

[aleks_atanasov] 27/6/2012 12:23

someone is trying to pump up this dog

[hybrasil] 27/6/2012 09:40

Safe value on net assets somewhere in the 70/80p range?

[battlebus2] 23/4/2012 14:08

Sold out for a 14% profit so good luck all holders.

[battlebus2] 22/3/2012 08:26

Bit of a drop on that news this morning. Still holding for now.

[battlebus2] 21/3/2012 20:59

Vat to be levied on self storage triggered todays fall, consultations to follow.