Safestore Share Discussion Threads

[vassily] 30/5/2008 22:43

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 13:38

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.

[hybrasil] 19/12/2007 14:27

They have had years of revaluing properties upwards - they find it a little difficult going the other way

[vassily] 17/12/2007 22:46

You may be right. Sentiment is more negative again.

[hybrasil] 17/12/2007 15:14

I suspect you will see a sharp downward correction in this price shortly

[vassily] 19/11/2007 22:54

hybrasil:
The 1 pound is coming.

[hybrasil] 16/11/2007 11:35

Take £100 million off the value of the properties.
Why yesterday I was offered property in the centre of Glasgow at a 20% discount to the price of 8 weeks ago.
The majority of safestores property that I have seen are in secondary locations

This gives a property valuation of £398 million. The liablities (excluding the deferred tax liabilty as presumably that wont apply given the reduction in value) come to £340m. That doesnt leave a lot of equity. I stress that this is my look at the accounts and I could be completely wrong

[hybrasil] 09/11/2007 15:59

its still coming

[hybrasil] 19/10/2007 08:30

£1.00 coming.

[fr4dge] 13/9/2007 14:14

I've just returned to this & realsied it may well not be clear.

I owned shares in Safestore three(ish) years ago before it was bought be management.

At the time, I was very disappointed as I felt that the management got it for a song.

[fr4dge] 13/9/2007 11:19

I used to own these before.

At the time, I complained long & hard that management were getting it on the cheap.

Anybody have any idea how the value now compares with the price it was taken private?

[vassily] 16/8/2007 17:21

Not far off 1.47 today. Yield is rising.

[hybrasil] 15/8/2007 09:33

Those options are a completye disgrace. £1.47. If thats what the directors think these shares are worth I am not far wrong on the price

[vassily] 01/8/2007 21:31

I look forward to the lower price.

[hybrasil] 01/8/2007 20:23

AT a share price of £1.00 this would yield 4.5%. Thats about right. I have since the start of this thread said this share is way overvalued. Stupidly I doide not follow my own advice and short it which I will now do. With falling property values this can only go one way.

[hybrasil] 01/8/2007 07:49

I would venture to suggest it will be many years before this reaches £2.40 again. If you go to old fashoned vales this should be at a discount to £1.01!!

[vassily] 31/7/2007 21:45

Yeah 2.40 seems a long way off now, but it was only earlier this year. D'oh.

[hybrasil] 31/7/2007 06:16

And still it falls

[hybrasil] 30/7/2007 06:29

well martin did you buy back in?