Updates

Safestore

March 2022

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 remind me of the parable of the Hare and the Tortoise; I was expecting more the latter but the QE policies used to prevent a pandemic related crash has stimulated house moves (as many fled to the countryside) and increased demand for self-storage space. The result since my August 2018 write-up at 525p has been at one point a near three-fold gain for Safestore.Final results confirmed a staggering 34% jump in underlying eps to 40.5p, with EBITDA climbing 26% to £118m while free cash flow soared 30% to £89.5m, allowing a 35% rise in dividend to 25.1p. In the UK, EBITDA jumped 32% to £88.6m with like-for-like revenue up 17% reflecting a 5% increase in closing occupancy to a record 85.4% and ...

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Diversified Energy - FTSE-250 natural gas producer offers 12% yield

Sanderson - Profits significantly ahead of expectation

Safestore (August 2024)

Safestore - Pays 90p dividends for every £1 invested at IPO; could be next target after LOK (June 2024)

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 - 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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