By Steve Moore | Tuesday 13 October 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 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…