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

By Steve Moore | Monday 24 August 2020

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

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…

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