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Safestay – ‘a natural point to undertake a strategic review’?...

2021-09-17 15:39:59

European hostels company Safestay (SSTY) has today emphasised “confidence of returning to pre-Covid levels of trading” but also stated “this is a natural point… to undertake a strategic review”, including a formal sale process. Hmmm.


Safestay – “no change to the company's forecast cash position”, BUT...

2020-10-13 15:10:59

Previously writing on branded hostels company Safestay (SSTY), with the shares at 12.5p I concluded I remain wary but if interested it looks better to wait for the likely discounted fundraising from broker Liberum. Today an “Employee Options Scheme and Hostel Closures” – and the shares currently further lower, to 11p...


Safestay – how’s that “to be well positioned to re-open as restrictions are lifted” going?...

2020-08-24 11:39:39

Previously writing on branded hostels company Safestay (SSTY), with the shares at 17.5p I questioned “to be well positioned to re-open as restrictions are lifted”?. Now a further update and the shares further lower - at 12.5p - in response...


Safestay – funding update, “to be well positioned to re-open as restrictions are lifted”?

2020-04-14 15:54:10

Last month with the shares at 18.5p, I concluded on branded hostels company Safestay (SSTY) with the company-admitted trading uncertainty any current balance sheet uncertainty is certainly not needed. Another to possibly watchlist for future travel market recovery but certainly currently one I avoid. The shares went on to hit 10p but have been recovering and are currently further higher today, at 17.5p, on the back of a “Funding Update”


Safestay – after early February “forward bookings for Q1 are very encouraging”, now…

2020-03-10 11:20:41

Having updated early last month, today branded hostels company Safestay (SSTY) makes another “Trading Statement”. The early February one included “performance in the first month of 2020 and forward bookings for Q1 are very encouraging, a positive signal for the coming year, which will also benefit from the acquisitions made last year”. Now…


Hostels Are the Cheap Way to Travel - and Safestay Should Go Places.

2016-04-28 23:43:22

Hello Share Grubbers. I’m packing my bags for the big UK Investor Show On Saturday time and I hope the organisers are not embarrassed about where I’m staying. I chose the Penn Club which is something to do with excellent Quaker religion, because it is a lovely peaceful place, handy for Uncle Tom’s former pizza parlour. But another reason I stay there is because it is very cheap. In comparison to nearly all the rest of London hotels.


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