Safestore Holdings (LON:SAFE) - Longer-term attractions
Jul 02nd 2012 - Edison Investment Research today published a report on Safestore Holdings (SAFE.L, LSE:SAFE, LON:SAFE) entitled "Longer-term Attractions". In summary, the report says:
Safestore’s recent interims displayed continued resilience of the business model. Flexible pricing helped drive improved occupancy (+5.4%) and revenue (+6.4%), while a three-year investment plan could see a 10% underlying uplift in EBITDA. While short-term trading headwinds are likely to weigh on profitability and the share price, the growing dividend and attractive yield should help sustain investor interest.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
