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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Safestore - Newly listed self-storage company also under-valued

April 2007

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SAFE
  • Price:
  • 254p
In spite of the fact that its shares drifted to a slight discount on the first day of dealings, there is a good chance that new issue Safestore (FT sector: Real Estate) will perform well as the year progresses. Safestore, the largest provider of self-storage space in the UK and France, was introduced to the Full List by joint bookrunners Citigroup and Merrill Lynch on 9 March. The float allowed its largest shareholder, private equity firm Bridgepoint to realise a partial sale and also raised nearly £29m net new money for the company, to reduce net debt. Post admission, Bridgepoint will retain up to 41% with management holding 10.5%. As some readers may recall, this is Safestore’s second stint on the Stock Market, with ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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