Safestyle Uk Share Discussion Threads

[tobyteddy] 07/11/2018 21:01

As far as l'm concerned, as from this point on, there will be a recovery. All the managers are back at their desks all the salesmen are back selling, and all the fitters are back fitting! A major competitor has been taken out...with a big bung! and everyone ,all self employed btw are there to make money . within a year , this will probably be back to where it was.

[shaker44] 06/11/2018 04:55

I agee Flybird. It is generally a mistake to reward great sales people by promoting them to managers, for which they need a different skillset. far better to remunerate them well for sales targets achieved.
for now, I have confidence in the ability of the new ceo, and I am sure he is well aware of the pitfalls and is watching carefully to ensure mistakes are not repeated. at this level I feel sfe is undervalued as investors are naturally wary after recent events. only trading results will move the price i think

[flybird] 06/11/2018 04:35

Apparently they were never trained to be managers they got the job usually because they could sell or were in the right place at the right time, now then, the old school HO "managers" have all gone and we will wait and see how the new guard develop all the branch managers in terms of doing the right thing for the customer whist hopefully upskilling the sales reps, that said you could easily prove me wrong, here's hoping lol

[topvest] 05/11/2018 19:37

I'm not saying it won't go higher. It may well do. It's just that this is not a stock that I would be prepared to own. If you are not prepared to hold a stock long term, then don't even think about holding it for a few weeks. Quality score for this company is 5/10, at best. It's been run by Managers that have shown a lack of integrity, and now the bad boys are back!

[flybird] 05/11/2018 16:49

I always follow your posts with great interest topvest, on this occasion I disagree, in my humble the price is going to escalate to at least double what it is now, yes the facts you and others have stated are and appear correct however ALL the returning sale people will not be able to behave like they did under the previous regime, the new team lead by MG will ensure all compliance and regulation whilst growing the sales figs and share value...

[topvest] 04/11/2018 21:34

Absolutely. The share price will probably go up a little further, but i will stay out for good.

[tobyteddy] 04/11/2018 19:08

topvest safestyle have spent the last year telling people that things have changed , and it's become more 'corporate''LOL. All the ;;bad apples have returned!!!.. the ones who stole the data /customers, the ones who slagged of the company.. ALL BACK!! It really is a sordid affair

[topvest] 02/11/2018 21:20

We have all been well and truly had by Mr Misra and his former associates. Definitely a case of them having their cake and eating it. I won't be buying back into a Group that can take people with such ethics back. As Warren Buffett has said.... "you can't do a good deal with a bad person" and boy, didn't we just find that out!

Basic turn of events. List a company. Make lots of cash. Slip out 2 years later taking the sales team with you. Start a company with a very very similar name. Aggressively "work the customer list". When it doesn't work out, ask if you can have your job back to return the staff. Ask for a big signing on fee. You couldn't make it up really.

Not sure anyone will really trust them a second time around and there will plenty unloading when they get their money back.

Here is a news article on Safeglaze....

hxxps://www.thetelegraphandargus.co.uk/news/17191282.more-than-130-jobs-lost-as-bradford-double-glazing-firm-ceases-trading/

132 people lost their jobs
£11m invested

[masurenguy] 02/11/2018 01:48

Barclays Smart Investor Market Insight

Double glazing group Safestyle rallied on Thursday as Liberum upped its price target on the buy-rated stock to 94p from 80p, pointing to the fact that competitor SafeGlaze has gone into administration. "We believe that Safestyle is well placed to see an acceleration in its recovery now that SafeGlaze, the aggressive new entrant, has been placed into administration," the brokerage said. "We believe that SafeGlaze reached annual turnover of around £30m, almost entirely by disrupting Safestyle, and there is an opportunity for Safestyle to recover the lion's share of this as direct and indirect employees return." Liberum also highlighted the company's new banking facility and recent CEO share purchase as positive developments. "We leave estimates unchanged for now while we wait to understand how many employees return to Safestyle," it said.

Back in February, Safestyle issued a profit warning as it cited the activities of "an aggressive new market entrant", which turned out to be SafeGlaze. It said at the time that SafeGlaze - which started trading at the end of January - had added to an already competitive landscape and hit certain areas of the group's operations. Bradford-based Niamac Developments, which was trading as SafeGlaze, went into administration on Tuesday, just weeks after settling a legal battle with Safestyle for alleged "trademark infringement, passing off, misuse of confidential information and malicious falsehood" among other things. As part of the settlement, SafeGlaze had agreed to change its trading name and fully re-brand.

[essential] 01/11/2018 11:36

Bought back into these. Chart looking very strong with the recent bullish flag and director buying. Interesting to see if Scsw out tomorrow picks up on developments

[richyst] 31/10/2018 08:43

Reported yesterday:
hxxps://www.insidermedia.com/insider/yorkshire/more-than-130-jobs-lost-as-double-glazing-firm-ceases-trading

[flybird] 30/10/2018 15:17

Research suggests all the best sales reps plus managers have returned from Safeglaze and Safestyle is almost back running on all cylinders plus a handful of additional branches, definitely over sold stock,good time to buy I think, Mike Gallacher appears to know what he is doing!

[profiting] 30/10/2018 10:38

This is looking better all the time and CEO now invests circa £40k of his money along with Invesco investment. Classic oversold situation but unsure of real value but new CEO and management appear good.

[2breakout] 26/10/2018 13:15

Very good read investors champion. As dodgy as a double glazing salesman! Millions made off the back of shareholders.

[papayarns] 23/10/2018 16:43

Topvest exactly, now Safeglaze did take a lot of strong sales people away from Safestyle. Now the question is does the new HR team at Safestyle take them back?

Also can they perform as well as they did prior without having the same sales management team? Also with now stricter laws regarding GDPR etc, which we know Safestyle will not be following correctly.

[topvest] 22/10/2018 22:12

Well done to those that held. I seem to have sold out at the wrong point. Still a long way to recovery though. A good point to get out now I would have thought, before the reality of this years massive loss strikes. At least there’s a prospect of recovery now though, so who knows? One point is clear though is that the only real competitive advantage these businesses have is the stength of the sales team and they seem to go wherever they can make the most money.

[bscuit] 22/10/2018 11:35

Joking apart management should be slated and penalised for having allowed the situation to arise.

[mister md] 22/10/2018 08:43

opodio - I want a share of that please, setting up SafeFrame ;)

[recordz] 22/10/2018 08:41

100p easy look at the volume.👍R03;

[hamidahamida] 22/10/2018 08:38

SP looks good for GBP1

[hamidahamida] 22/10/2018 08:19

Achieved My 70 to 80p target set on Friday Didn't think it would happen this fast

[opodio] 22/10/2018 08:12

Im setting up SafeWindows, 4m free shares please or else

[hamidahamida] 22/10/2018 08:11

Safestyle is a Screaming buy Now last year they made GBP11million profits and paid 11p dividend..After todays RNS business should very quickly recover to last year level