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

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”

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