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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”

ARTICLE

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…

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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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