Updates

Safestore

August 2020

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 self-storage group Safestore have recovered well since their low point during lockdown of 502p after it released resilient half year results. Group revenue rose 8.5% to £79.3m, while underlying EBITDA rose 10.9% to £45.9m. Adjusted eps increased 7.4%. Despite Covid-19 and the associated reduction in enquiries and move in and move out activity, like-for-like average occupancy rose 3.7% and closed at 72.7% (down only 0.3% on 2019). All its stores in the UK, Paris, Barcelona and Netherlands remained open during the lock down. 97% of rents have been collected. The UK is its largest region and although new openings have been paused in this first half, since 2016 it has opened 14 new stor ...

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UP Global Sourcing - Trading above expectation

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 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)

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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