Primary Recommendation

Safestore - Self storage operator enjoying strong gains in occupancy

April 2016

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.

UK self-storage has been a happy hunting ground for TMI with Big Yellow, 744p (high of 843p) and Lok n Store, which spiked to a high of 370p before settling at 319p, having performed well since our respective tips at 393p in May ’13 and 211p in June ’14. Shares in the third company in this sector, FTSE-250 rated Safestore, have also enjoyed a rising trend and we found its CEO and CFO, Frederic Vecchioli and Andy Jones, in fine form when we spoke with them over the month.Safestore currently operates 95 wholly owned stores in the UK and another 24 in Paris, with a maximum lettable area of 4.9m sq. ft., which puts it just behind Big Yellow on 5.1m sq. ft. But Vecchioli claims to have a more attractive portfolio, with 65% o ...

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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 - 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)

Safestore - Newly listed self-storage company also under-valued (April 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.

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