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.

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 ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Powerleague - 5-a-side football firm with healthy new openings pipeline

Dechra Pharmaceuticals - Impending US drug approval could herald profit surge

Safestore (August 2024)

Safestore - Pays 90p dividends for every £1 invested at IPO; could be next target after LOK (June 2024)

Safestore (March 2022)

Safestore (August 2020)

Safestore (August 2019)

Safestore (April 2019)

Safestore - Self storage firm shows strong growth (August 2018)

Safestore (August 2016)

Safestore - Self storage operator enjoying strong gains in occupancy (April 2016)

Safestore - Property values stabilise (March 2010)

Safestore (October 2009)

Safestore - Shares in self-storage firm offer good value as trading improves (September 2009)

Safestore - NAV rises 44% to 199p (March 2008)

Safestore (October 2007)

Safestore - Under-valued self storage operator (June 2007)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X