Updates

Safestore

August 2019

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.

Shares in Safestore have hit new highs over the month after the self-storage group issued solid interim results for the six months ended April. These showed revenues up 6% to £73.1m and EBITDA (cash profit) rising 6.1% to £41.4m. Encouragingly, NAV per share increased almost 14% to 406p.In spite of stresses in the UK economy self-storage remains a hot spot as more people use them to de-clutter, or for life events such as divorce, moving house and so on. Like-for-like closing occupancy rose 2.2% to 74.3% while average occupancy increased 4% to 4.57 million sq. ft.The group currently has 119 stores in the UK (including 67 in London) and a further 27 in Paris and is still growing organically. In January it acquired a ...

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

Subscribe now

Already a subscriber? Login

JD Sports Fashion - Gain to date: 217%

Manolete

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 (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)

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.

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