Primary Recommendation

Safestore - Under-valued self storage operator

June 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 shares in fully listed Safestore, the UK’s largest provider of self storage space, have trodden water since their admission in March, we believe that once they stir into life, the gains could be massive. Chief executive Steve Williams, who we met with recently, has presided over a period of very fast growth during which turnover has increased from £5.5m in 2002 to nearly £64m last year, transforming a loss into an underlying EBITDA of £33.4m. But in similar vein to our other property success story, Big Yellow, 615p, the largest gains have come from the revaluation of its treasure trove of freeholds and long leaseholds, which in the past two years alone have yielded exceptional pro ...

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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 - 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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