Updates

Safestore

August 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.

Interims from self storage firm Safestore were slightly ahead of expectations with revenues rising 7% to £54.1m and EBITDA increasing 9% to £29.3m. This was driven by like-for-like revenues rising 10% (UK up 11.7%, Paris rising 6.8%) and occupancy increasing 2% to 70.9%.Five new stores in Chiswick, Wandsworth, Birmingham, Altrinhcam and Emerainville (Paris) were opened adding c. 217,000 sq. ft. space. As a result it now has 95 stores in the UK and 119 in total with a maximum lettable area of 4.9m.Its balance sheet remains strong with loan to value reduced from 32% to 30% with interest cover increasing from 4.2x to 5.1x.Liberum has upgraded forecasts with new eps of 17.7p for the year to ...

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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 - 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)

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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