Safestyle Uk Share Discussion Threads

[shaker44] 04/3/2018 22:56

fair to assume some posters carry a grudge against sfe. ex employees maybe? get over it.
meantime ignore or filter. they add nothing useful or interesting

[kazoom] 04/3/2018 22:50

I certainly don't think that Safestyle is a good investment at the current time/price.

However, to suggest that they are doomed is nonsense really, yes the double glazing market is cut throat, but it always has been.

As you point out highasakite, there are local independents and any number of 'chains' in the market as well as the new entrant (safeglaze). Up till now Safestyle have achieved steady growth against this backdrop.

Now they are facing the dual headwinds of 1. slowing consumer spending and 2. the 'aggressive' (which I read as loss-leading) competitor as well as the competition which has always been there.

The slowdown in spending will pass and Safestyle I would say has bigger guns and deeper pockets if it comes down to price war with the new entrant.

I can see profits continuing to be hit in the near term, but I can see no reason to assume that Safestyle will go under.

[highasakite] 04/3/2018 22:38

There won't be any upturn here.

The market is cut throat.

Sales/margins under huge pressure from competitors who are slashing prices.

Safestyle are doomed.


PS

I had a quote from Safestyle a couple of weeks ago for a full set of new PVC windows and doors.


On seeing this quote a local independent company said they could do the same job for 25% less !

They start next week.

[mw8156] 04/3/2018 22:35

antics here remind of 'Harry's Kingdom' 1987 tvm starring Timothy West.

[shaker44] 04/3/2018 09:19

there seem to be some posters trying to promote the 'new competitor'and rubbishing sfe. interesting!

[eggbaconandbubble] 03/3/2018 14:21

And the conclusion is....................There are better places to invest one's money!

[kazoom] 03/3/2018 13:01

toby - you may know some stuff, but you are wrong here.

1. Safestyle fell into loss during the slowdown a decade ago.
2. Over the last year up until recently performance had been disappointing DESPITE increasing market share.

So they have TWO things to battle - the new competitor AND tough consumer spending, I agree though I don't expect a quick recovery

[tobyteddy] 03/3/2018 11:52

Shaker44 , i can tell you , safestyle's share plunge has absolutely nothing to do with market conditions...it has to do with losing it's core staff to a fast emerging competitor. not sure how it will pan out, but imho it won't be recovering any time soon

[shaker44] 03/3/2018 08:53

in recessions consumers tend to avoid non essential spend. cash and loans. common sense.

[tobyteddy] 03/3/2018 08:13

Hi guys, firstly there isn't a downturn in the market. Safestyle even excel in reccesion. ie people renovate instead of moving house. the downturn is purely due to the New competition!! if the competition increases???? i dont hold shares , never have, never will....i just know stuff

[topvest] 01/3/2018 21:38

There never is. I think thats going a bit over board. They are having a tough time, but hardly going over the cliff, yet at least.

Nevertheless, to warn on 2018 in February means that the run-rate must be poor. Lets hope things pick up a little in the Spring. At least the comparatives will soon be easier!

[2magpies] 01/3/2018 21:28

The board expects to pay a dividend.

Note the 'expects'.

By no means a certainty.

[topvest] 01/3/2018 20:15

Looking a bit more closely it looks like Kiz Misra (sales director) and Phil O’Malley (Ops Director) left after or before Giles Richell was appointed to the board about a year ago and took some of their team with them. This explains the sudden change in fortunes over the last year. Never mentioned to shareholders.

Two possibilities I suppose:
I would suspect that things will quieten down and that they will start to get a grip on the situation. OR
The wheels really fall off and the situation gets worse and worse.

Not really worth selling at this price. Can't imagine that the whole of Safestyle was built around these two individuals. Time for the CEO to get it sorted out.

From Admission document

Kiran Misra (Sales Director, aged 48)
Kiran has been with the business for 20 years. After spending 6 years in pharmaceutical sales with Pfizer he joined Safestyle when the business was established in 1993 and worked his way up to become Sales Director in 1999.

He also had 9,722,222 shares and sold 5,833,333 in the IPO.

Must have been the main driver of the business then if he owned 3x more shares that the CEO.

Why didn't they appoint him to the Board? Presume he left when he was overlooked for the new chap. Poor.

[trytotakeiteasy] 01/3/2018 19:59

Another great Simon Thompson of the Investors Chronicle tip.

[eggbaconandbubble] 01/3/2018 14:22

Without looking into the facts surrounding SFE or the glazing market in general - The problem here is clearly management.
I base that on the approach I received when I asked this company to quote for a sizeable job.
The arrogance and pushiness of the sales staff made a time share rep. appear laid back. The whole affair stank of personnel on highly geared commission based remuneration.
That attitude always comes from above!
'Significant new competition' is an excuse.
The industry as a whole seems to be in good health.
I would avoid investment here until a major management shake up takes place, if it's not already too late.
How often have I seen all this before.

PS. Rant over!

[shaker44] 01/3/2018 13:06

why? my views are the same. I dont expect 90p. the usually pessimistic charlie campbell at liberum now predicts 140p, but as ever, set a conservative tp of 130p.
money to be made here.

[essentialinvestor] 01/3/2018 12:14

Shaker, you might want to review your post - 826.

[shaker44] 01/3/2018 11:57

you are so right!! new incentives and FFF. Fire Failures Fast. gotta get the motor running again

[topvest] 28/2/2018 19:22

Hmm interesting about SafeGlaze. You would have thought they had some legal avenues to explore. I thought that one of Safestyle competitive advantages was a single site manufacturing facility. The new operation certainly won’t have that without substantial capital. Nevertheless, Safestyle haven’t been very open about the departures until now. Even now they haven’t really been very transparent and there is more info on this B.B. It does explain the decline, if the highly successful sales organisation built up over years have all departed and are now focused on taking Safestyle business. The director sale is a bit naughty as he hasn’t really explained what is actually going on and banked profits on the quiet. Not very ethical. Disappointed.

[highasakite] 28/2/2018 18:43

PS

I had a quote from Safestyle a couple of weeks ago for a full set of new PVC windows and doors.


On seeing this quote a local independent company said they could do the same job for 25% less !

They start next week.

[highasakite] 28/2/2018 16:10

There won't be any upturn.

The market is cut throat.

Sales/margins under huge pressure from competitors who are slashing prices.

Safestyle are doomed.

[gilotron] 28/2/2018 13:35

"The Group continues to be cash generative, with a strong cash position and robust balance sheet. Safestyle remains very well invested for any upturn in demand and the Board expects the benefits of its cost savings programme to take effect in 2018, particularly in the second half."

[gilotron] 28/2/2018 13:21

Do they have any competitive advantage like scale or technology or is it just some sales people.

[gilotron] 28/2/2018 13:20

Pat butcher advertising for them, classy operation:- hxxps://safeglazeuk.com/