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Safestore Plc (SAFE)     

dreamcatcher - 31 Dec 2014 22:09



Safestore is the UK’s largest self-storage group with 134 stores.

They include 97 wholly owned stores in the UK including 58 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool and Bristol, together with 12 Space Maker stores under management in the UK and 25 wholly owned stores in the Paris region.

Safestore was founded in the UK in 1998. It acquired the French business “Une Pièce en Plus” in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.

Safestore has been listed in the London Stock exchange since 2007.

The Group provides storage to almost 46,000 personal and business customers.

Safestore (excluding Space Maker) has a maximum lettable area (“MLA”) of 5.1 million sq ft (excluding the expansion pipeline stores) of which 3.32 million sq ft is currently occupied.

Safestore employs around 550 people in the UK and France.

Safestore’s shares trade on the main market of the London Stock Exchange with the ticker SAFE.

Financial calendar

2015

22 January 2015 Preliminary results for the year ended 31 October 2014
February 2015 Publication of Annual Report and Accounts 2014
February 2015 Interim Management Statement
March 2015 Annual General Meeting
April 2015 Half Year End 2014/2015
June 2015 Interim results
September 2015 Interim Management Statement

http://www.safestore.com/

Chart.aspx?Provider=EODIntra&Code=SAFE&SChart.aspx?Provider=EODIntra&Code=SAFE&SFlag Counter

dreamcatcher - 07 Jan 2015 19:41 - 2 of 43

7 Jan Liberum Capital N/A Buy
17 Dec Liberum Capital 284.00 Buy

dreamcatcher - 13 Jan 2015 20:04 - 3 of 43

13 Jan Liberum Capital 284.00 Buy

dreamcatcher - 16 Jan 2015 15:34 - 4 of 43

16 Jan Berenberg 260.00 Buy
13 Jan Liberum Capital 284.00 Buy

dreamcatcher - 22 Jan 2015 07:11 - 5 of 43

Preliminary Results

Highlights



Improving Financial Performance

· Group like-for-like revenue up 4.4%1 with closing occupancy up 3.5ppts at 68.8%

· Momentum continues across the UK with 4.4% growth in like-for-like revenue for the year

· Paris business continues robust performance with revenue up 4.4%1 due to further improvement in occupancy and rate1 with new lets at record levels

· Cash Tax Adjusted Earnings per Share up 21.6% at 13.5p - ahead of consensus expectations

· 36% increase in the final dividend to 5.30p (FY2013: 3.90p)

· Encouraging early trading in the new financial year with positive new lets and rate trends continuing, and Group revenue in CER up 8.6% on the prior year (UK 10.7%; France 3.1%) in the two months to 31 December 2014



Operational Delivery

· New lets growth in the UK of 19.8%, resulting from strong enquiries and improving conversion, with performance strengthening throughout the year

· Pricing policy changes driving positive UK rate growth with trend improving from -7.4% in September 2013 to +4.8% in October 2014

· National Accounts UK business customers occupancy up 17% over the year

· Costs tightly controlled across the Group and 0.9% lower than in the prior year



Strong and Flexible Balance Sheet

· Group Loan to Value ("LTV") lowered to c.37% and full year finance costs4 reduced by c.£4.7m or 25.5%




http://www.moneyam.com/action/news/showArticle?id=4962988

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22 Jan Investec 287.00 Buy
22 Jan Liberum Capital 284.00 Buy
22 Jan Sanlam... 276.00 Buy

dreamcatcher - 22 Jan 2015 15:28 - 6 of 43

Safestore Holdings ticking lots of boxes

By John Harrington

January 22 2015, 3:19pm
'As we enter the new financial year we remain focused on the long term opportunity of filling the 1.6m square feet of currently unlet space, the equivalent of 40 full stores,' said CEO Frederic Vecchioli.
"As we enter the new financial year we remain focused on the long term opportunity of filling the 1.6m square feet of currently unlet space, the equivalent of 40 full stores," said CEO Frederic Vecchioli.


Storage group Safestore (LON:SAFE) progressed nicely on all fronts last year, with like-for-like revenue up 4.4% year-on-year.

The group, which focuses primarily on metropolitan areas in the UK but which is also the dominant player in Paris, said revenue rose 1.9% in the year to 31 October to £97.9mln from £96.1mln the year before, and was up 2.9% on a constant exchange rates (CER) basis.

Underlying earnings, or EBITDA, rose 4.3% (+5.5% CER) to £53.0mln from £50.8mln the year before, while the dividend has been hiked by 29.6% to 7.45p.

Andy Jones, chief financial officer of Safestore, told Proactive Investors that it is a deliberate policy to increase the dividend faster than the earnings grow, and that the company’s pay-out would probably gravitate to a level that is covered 1.7 times by earnings per share.

The level of enquiries rose by 12% from a year ago. Chief executive officer Frederic Vecchioli indicated to Proactive that the industry as a whole is seeing about a 3% increase in enquiries, so Safestore is clearly outperforming the market.

“Size is important, as it helps in ensuring high rankings on search engine enquiries. It is especially important as mobile phone searches become more popular and not so many search results are displayed,” he asserted.

Broker Oriel Securities said the results were ahead of consensus forecasts, and that management is making good progress in the UK business by improving the conversion rate of enquiries, as well as by increasing pricing by reducing discounts.

“The business is performing well and we see continued earnings and dividend growth momentum,” the broker said, as it reiterated its ‘buy’ recommendation.

Liberum Securities noted that trading in the first two months of Safestore’s new financial year has been good, with a continuation in the positive occupancy and rate growth trends seen in the previous financial year.

This encouraged the broker to increase its earnings and dividend forecasts and raise its price target by 7.9% to 287p.

Safestore shares were up 1.1% at 263.75p in mid-afternoon trading.

dreamcatcher - 23 Jan 2015 16:13 - 7 of 43

Safestore: Berenberg ups target price from 260p to 305p and reiterates a 'buy' recommendation.

dreamcatcher - 26 Jan 2015 17:20 - 8 of 43

Chart.aspx?Provider=EODIntra&Code=SAFE&S

dreamcatcher - 12 Feb 2015 16:32 - 9 of 43

Safestore Holdings PLC (SAFE:LSE) set a new 52-week high during today's trading session when it reached 278.50. Over this period, the share price is up 35.19%

dreamcatcher - 25 Feb 2015 07:07 - 10 of 43

First quarter trading uppdate


Highlights


· A strong first quarter with Group like-for-like revenue in CER1 up 10.8% on Q1 2014

· Operational strategy across the UK is driving strong performance with occupancy (let sq ft) up 5.2% on Q1 2014, and closing occupancy as percentage of MLA up 3.1ppts to 65.3%

· UK rate in the quarter up 7.0% year-on-year and like-for-like revenue growth improving to 12.9%

· French business continues robust performance with like-for-like revenue in CER1 up 5.1% for the quarter driven by further improvement in rate

dreamcatcher - 25 Feb 2015 16:02 - 11 of 43

25 Feb Investec 305.00 Buy
25 Feb Sanlam... 301.00 Buy

dreamcatcher - 01 May 2015 18:44 - 12 of 43

1 May Numis 333.00 Buy
1 May Numis 333.00 Buy

HARRYCAT - 18 Jun 2015 08:01 - 13 of 43

StockMarketWire.com
Safestore has hiked its H1 pretax profit to £62.2m, from £6.9m. The result included £43.9m of gains on investment properties, from the prior year's writedown of £6.8m. Revenue was £50.4m, from £46.9m. It proposed a 3p a share dividend, from 2.15p

dreamcatcher - 18 Jun 2015 12:35 - 14 of 43

18 Jun Investec 305.00 Buy

dreamcatcher - 27 Jun 2015 22:23 - 15 of 43

MIDAS-SHARE-TIPS-Thinking-box-helps-Safestore-deliver-growth.

dreamcatcher - 21 Aug 2015 14:13 - 16 of 43

21 Aug Berenberg 360.00 Buy

dreamcatcher - 03 Sep 2015 11:50 - 17 of 43

Third quartertrading update


Highlights

· Like-for-like Group revenue for Q3 2015 in CER1 up 11.3% on Q3 2014 with good year-on-year performances across the business

o UK up 12.1%

o Paris up 8.9%

· Group closing occupancy3 of 72.2% (up 3.8 ppts on Q3 2014) at 3.61 million square feet ("sq ft") with particularly strong Paris performance

· Group average storage rate up 5.4% in CER1 in the quarter driven by strong UK performance (+6.8%)

dreamcatcher - 20 Oct 2015 16:49 - 18 of 43

Advance notice of results
RNS
RNS Number : 7457C
Safestore Holdings plc
20 October 2015





20 October 2015





Safestore Holdings plc

("Safestore" or "the Company")





Advance notice of results





Post close trading update

The Company will be announcing its post close trading update for the fourth quarter ending 31 October 2015 on 12 November 2015.



Preliminary results

Safestore will be issuing its Preliminary results for the year ending 31 October 2015 on 21 January 2016.

dreamcatcher - 23 Oct 2015 21:39 - 19 of 43

Safestore Holdings PLC (SAFE:LSE) set a new 52-week high during today's trading session when it reached 332.25. Over this period, the share price is up 67.38%.

dreamcatcher - 12 Nov 2015 07:21 - 20 of 43

Fourth quarter trading update

Highlights



· Like-for-like3 Group revenue for Q4 2015 in CER1 up 10.8% on Q4 2014 with good performances across the business

o UK up 11.6%

o Paris up 8.5%

· Continued operational progress driving new lets leading to Group closing occupancy4 of 72.6% (up 3.8 ppts on Q4 2014)

· Group average storage rate up 5.4% in CER1 in the year driven by strong UK performance (+6.7%)

· Cash Tax Adjusted Earnings per Share6 likely to be slightly ahead of the top end of the consensus range7

dreamcatcher - 23 Nov 2015 18:55 - 21 of 43

Safestore Holdings PLC (SAFE:LSE) set a new 52-week high during today's trading session when it reached 343.80. Over this period, the share price is up 49.94%.
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