Safestore Share Discussion Threads

[hybrasil] 11/11/2008 15:47

Read the trading statement.
Occupancy falling.
Come on.
I now think 50p is on the high side!

[melody9999] 01/11/2008 22:43

checking back in after my post 139 - no surprise the share price has fallen.

[rb1206] 29/10/2008 18:51

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.

[hybrasil] 27/10/2008 18:03

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.

[hybrasil] 16/10/2008 09:37

It was but I suspect they will go a lot lower than that now. They really have not come down with the market - yet - .

[tricky1992000] 11/10/2008 00:15

talking from salvador bahia now.......

hybrasil, is 100p your buying price? this has stood up well in a declining market.

[hybrasil] 10/10/2008 11:13

it has taken a long time but we are getting there.

[hybrasil] 16/9/2008 09:12

See my post of the 10th July.
The £1 wil be here shortly

[melody9999] 14/7/2008 17:42

have to say surprising strength. seems in a fairly dodgy sector - has a way to fall to catch up with BYG and LOK IMHO.

[hybrasil] 10/7/2008 08:23

It took a while but here comes £1.

[vassily] 08/7/2008 23:18

There she goes!

[hybrasil] 07/7/2008 08:13

This has another 43p to lose.

[tricky1992000] 26/6/2008 14:33

hybrasil, there is more than one way to value a company, it's obvious to see that you are a value investor.

[vassily] 24/6/2008 22:45

I also cannot see how they have stayed up. Perhaps the drop from 260p makes it look like a bargain.

[hybrasil] 23/6/2008 13:17

I fail to see how these have stayed up.

[dobcroft] 17/6/2008 17:29

Nobody knows then?

[hybrasil] 13/6/2008 08:34

results due. I will await them but then I think I will open a short. This is still way overvalued on an NAV position. It could I think fall below £1

[dobcroft] 10/6/2008 12:39

It's a long time since I held any serious shares, and I'm in the fortunate position to have a few bob knocking around in various bank accounts making sure I don't exceed the joint £70k protection.

Given my current state of pessimism for the economy, I have just been thinking how safe is the £35k protection anyway? If it is only as safe as it is convenient for our beloved government to say it is safe, then I would like to know which our banks could be considered the safest.

Which banks have the lowest loans/savings ratios? Is there a better measure of safety? Where can I find this information?

TIA

[vassily] 30/5/2008 23:43

I think you are right. BYG took a hit, so why not SAFE? Aren't it's properties now worth a bit less? SAFE also has a lot of debt, though, as with BYG the freeholds add security.

[hybrasil] 30/5/2008 14:38

remains way overvalued in my book

[tricky1992000] 06/3/2008 11:28

safestore got a mention in this weeks shares magazine

[tricky1992000] 01/2/2008 12:54

just looked at this share today, fair divi, good pe, interested because i think this sector has potential to grow, i have also seen byg their growth seems rapid, share price seems to be marked down on falling property prices, although i don't think this evalues the initial business.

Hybrasil?

tudo bem? voce sabo o brasil? eu sabia cidade de sao paulo, e campinas. minha namorada esta uma brasileira.

[amotoor] 25/1/2008 23:59

hybrasil :-

I was looking to put some money here until I heard what a friend of mine told me about his experience at one of their store in Ladbroke Grove. It was in absolute state, leaks every where and lots of water puddles and they were the most expensive, so he went else where. I am glad I didn't put my money here, since than they have lost about 30% and since than i have seen there store in Acton, looks like building going to fall a part any moment. Again found them more expensive than Access and Shurgard. Access, which is Opposite to them and far better building. So I don't know how good their property Valuation is. I am staying away for now. With current housing market, I think its only matter of a time we should see them around £1 mark....IMHO

Amo

[hybrasil] 22/1/2008 09:10

I find their value uplift very surprising.
However they have been very resilient at this price. I still believe they will go to a discount to NAV.