Safestore Share Discussion Threads

[hybrasil] 11/7/2007 15:39

Steven Williams would need to buy more than 25000 shares to keep this price up

[hybrasil] 11/7/2007 08:13

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.

[hybrasil] 10/7/2007 22:06

did you get yuor shares martin?

[martincoops] 10/7/2007 13:07

Never mind Sam66, I sold out at a profit and have a buy order in at 179.

Good luck next time

[sam66] 10/7/2007 12:10

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

[hybrasil] 10/7/2007 11:59

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.

[martincoops] 10/7/2007 09:03

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

[hybrasil] 10/7/2007 08:34

The real NAV IE AFTER Tax is 101p. Get real.

[silverfern] 10/7/2007 07:58

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!

[sruk77] 10/7/2007 07:56

I see 190p

[martincoops] 10/7/2007 07:39

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.

[martincoops] 10/7/2007 07:38

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

[sam66] 09/7/2007 17:14

Well done on CFM, have a beer for me I am working tonight,

[martincoops] 09/7/2007 16:46

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

[sam66] 09/7/2007 16:08

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, ;)

[martincoops] 09/7/2007 10:00

Morning all

Plenty of sells on Friday but the price held up well.

Results tomorrow :)

[sruk77] 06/7/2007 19:18

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 :^)

[martincoops] 05/7/2007 16:45

Well nice to see it end blue on some very good volume, lets see the same tomorrow

[martincoops] 05/7/2007 13:20

Looking good now I hope all the shorters are now closing before they lose their profits... Time for the lurkers to get onboard I feel

[jrjr99] 05/7/2007 10:58

still hearing rumour of a bid...i have no position

[martincoops] 05/7/2007 10:19

Volume also looking good, could see this at £2 by close on Friday

[martincoops] 05/7/2007 09:15

Blimey I must be seeing thinks differently

£1.80 is support, now tested twice and on the up

[pictureframe] 05/7/2007 08:30

new lows. watching this but no real support

[martincoops] 05/7/2007 08:15

Nice start :)

[martincoops] 05/7/2007 05:14

Hi Sam

Reason for posting it as well as being interesting was the point that they only need 40% occupancy to become profitable...

Looking for a bit of blue today