Updates

Safestore

October 2009

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.

Q3 results from self-storage firm Safestore were well received, lifting the price to a new high of 159p. Revenues for the nine months to 31 July rose 1.7%, driven by an increase in occupancy of 110,554 sq. ft. and a 5.3% increase in the average rental rate to Â£25.08. Management also made encouraging comments about current trading with increasing levels of enquiries and new lets while levels of vacates are low. New stores are trading encouragingly, with two opened in the quarter taking the total for the year to four. Broker Collins Stewart has increased its price target to 164p. Hold for more. ...

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Interior Services Group

Sports Direct - Take profits

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 (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 - 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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