Sunday share tips: Saga, the FTSE 100, Safestay
17th Apr 2016 15:47
(ShareCast News) - Shares in Saga are a 'buy' for the Sunday Times' Inside the City column, after a steady but unshowy performance since its initial public offer two years ago. Management plan to shift the business from a plain old insurer that also markets holidays and other services to its over-50
Read moreNew markets driving momentum for Safestay
15th Feb 2016 12:10
(ShareCast News) - Safestay warmed the market up for its full year results on Monday, citing its ongoing expansion and good growth at its existing sites as driving momentum. The AIM-traded hostel owner and operator significantly increased the number of beds in its portfolio from 560 to 1500 over the
Read moreColin Stone to step down as finance director from Safeland, Safestay
2nd Oct 2015 15:10
(ShareCast News) - Colin Stone will step down as finance director from property companies Safeland and Safestay with effect from 13 November. Both companies said a replacement has been identified and a further announcement will be made in due course. Safeland demerged and floated Safestay on AIM in
Read moreSafestay signs a £1m loan facility with Coutts
29th Apr 2015 11:31
Safestay, the luxury hostel brand, has signed a £1m loan facility with Coutts. The purpose of the loan is to settle £1.024m of loan notes issued to help finance the acquisition of the York hostel purchased by Safestay in 2014. Instead of being due by 23 May 2015, the new loan secured against the Gr
Read moreTuesday broker round-up UPDATE
10th Jun 2014 09:45
ASOS: Goldman Sachs reduces target price from 6250p to 5750p, while upgrading to strong buy. Avon Rubber: Investec lowers target price from 690p to 680p and downgrades from buy to add. BAE Systems: Investec downgrades from add to hold with a target price of 430p. BG Group: Exane downgrades to neu
Read moreSafestay acquires York hostel
21st May 2014 13:54
AIM-listed contemporary hostel developer Safestay has exchanged contracts to buy York hostel for 2.35m pounds in cash. The property, which is located in Micklegate, compromises 160 beds and will be re-branded to trade as Safestay. The acquisition is expected to be completed by May 23rd. The hostel
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