Safestore Share Discussion Threads

[johnwig] 10/5/2021 08:27

I love businesses like this, well-run, quietly growing, successful.

[18bt] 10/5/2021 07:27

What a cracking update - basically they are going to do 2023 forecasts for EPS in 2021. Developments leave a further 3-5 year growth path as developments especially in Spain come on and mature.

[volvo] 24/2/2021 09:13

Thats me out 776 -838, 9pc decent trade....still going well

[18bt] 16/2/2021 07:17

The FY has started very well - quite unusual for earnings upgrades to start after just one quarter of the year. And with new openings to come for continued growth for a few more years.

[volvo] 16/2/2021 07:12

That will do

''The first quarter's trading performance has provided us with a strong base for the rest of the financial year and, if the current momentum continues, we would anticipate that the business delivers Adjusted Diluted EPRA Earnings per Share (7) for 2020/21 towards the top of the range of analysts' forecasts (8) ".

[volvo] 12/2/2021 17:20

Took some of these on today at 776p to see how the trading update stands up on Tuesday....looks a healthy prospect going forward.

[thetwentiestrader] 09/2/2021 20:46

Hi All,
I have written an article for my website, analysing the recent announcements from Lok'nStore. May pose useful for Safestore shareholders.

Follow the link below for access: TT

[18bt] 19/1/2021 15:53

John - well done - I got spooked a few times by the possibility of a slowing UK housing market, but it s now much more diverse and has a very lengthy track record.

[johnwig] 19/1/2021 13:53

18BT.I bought some of these in late 2008 and have just hung on to them.I saw no reason to sell. It's now more than an eight-bagger but still has plenty of room to go, I think.

[18bt] 14/1/2021 11:26

This sums up the further growth opportunities - from the investor presentation:
Further non-dilutive growth opportunities
•Multi-country platform widens growth opportunities -Joint Venture and Spain acquisition provide additional long term growth options
•Significant additional capacity already invested for further growth
•1.4m sqft already fully invested available for rent (average absorption 230,000 sqftper year)
•Additional 190,000 sqftwith currently disclosed pipeline
•Pipeline building further
•Financing capabilities –LTV 29% and ICR 9x
•Flexible investment model and ownership delivers higher ROE

[18bt] 14/1/2021 10:01

Amazed there are so few followers on this board. It's return 25% compound for me since I first invested in 2013 despite a few times when I have taken profits (a mistake), but have always reinvested dividends.

The first slide of the investor presentation today sets out the long term track record and is very convincing.

Edit: the investor presentation has TSR graphs going back to Oct 2013, which coincidentally was very close to my first purchase. It shows c6.5x over that period. My TSR has been 420% which shows how much I have lost (well profits which I could have had) by not running my winners. Classic mistake..., but I'll take 25% compound

[18bt] 14/1/2021 09:54

Absolutely cracking set of results here and more to come IMHO. Geographic expansion going well and incremental space in the UK and France aided by increased occupancy. Div increased by more than the market expected. At 835p, yiled looking a bit thin @ 2.2%, but an increase in EPRA NAV of nearly 18% in a year is not to be overlooked.

Need to reasearch a little to see how the Carlyle JVs are reflected in the EPRA NAV.

[18bt] 18/11/2020 07:32

Looks a good finish to the year and continued growth prospects outlined for 2021 and beyond. Confident statement.

[jonut] 16/9/2020 16:15

I was hoping for a retrace so I could add but looks like it's going the other way. Considering the recent third quarter results encompassed the the worst that the pandemic has, so far, thrown at us
and revenue was lifted over 5% for the nine months to date, the share price should be above pre-covid levels.

In the same business space, Lok'n Store's share price is retracing. Strange but true.

[18bt] 26/6/2020 08:53

Tip in IC today

[hawaly] 22/6/2020 09:18

It's being hurt by this I think:

"- Statutory Profit before tax up to GBP99.7m from GBP38.2m in 2019 driven by increased gain on investment properties of GBP64.0m (2019: gain of GBP7.9m)"

Property valuations must be a bit up in the air at the moment.

GLA

[18bt] 18/6/2020 08:14

Agreed, more than happy to hold. Volumes recovering and strategically well placed for growth. Relatively conservative borrowing and good cashflows.

[hawaly] 18/6/2020 07:27

Another reassuring update.

GLA
😎

[hawaly] 02/4/2020 07:44

Reassuring update all things considered.

GLA
😎

[intelinvestor] 02/4/2020 00:09

LOK Metrics are much less favorable, I Still think SAFE looks better on paper against BYG. Happy to discuss further if you have a specific area you want to compare.

Expecially in these uncertain times cash is king. SAFE have both good free cash flow and health 33m cash pile and has a higher dividends cover but i might prefer if they stopped the dividends and did share buy backs when things looked more certain as im a huge fan in buy backs.

[pireric] 23/3/2020 12:33

Yes, but prefer LOK. BYG showing resilience

[intelinvestor] 23/3/2020 12:26

anyone monitering this stock?

[mortimer7] 04/3/2020 12:47

Ex Divi 5th March, 12pps.