Latest Views & News

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

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…

You must be a registered member to read this story
ShareProphets is reader-supported journalism

Join us for free and gain access to three articles per month

Or become a member starting at £5.99 per month for all articles, the Bearcast, and our seven year archive.

Filed under:

Subscribe to our newsletter

Daily digest of our latest stories.

Search ShareProphets

Market News

Complete Coverage

Recent Comments