Date: Wednesday 29 Apr 2015
LONDON (ShareCast) - 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 Group's York hostel is due over five years with interest at LIBOR plus 3.25%.
Westhouse Securities analysts had expected a reduction in interest payments, so it makes no change in their forecast of a 120p target price or their buy recommendation.
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Currency | UK Pounds |
Share Price | 19.00p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 29.60 |
52 Week Low | 19.00 |
Volume | 5,004 |
Shares Issued | 64.94m |
Market Cap | £12.34m |
Beta | 0.05 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
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Strong Buy | 1 |
Buy | 0 |
Neutral | 0 |
Sell | 0 |
Strong Sell | 0 |
Total | 1 |
Latest | Previous | |
---|---|---|
Final | ||
Ex-Div | 14-May-15 | |
Paid | 26-Jun-15 | |
Amount | 0.30p |
Time | Volume / Share Price |
10:02 | 5,000 @ 19.00p |
09:39 | 4 @ 20.00p |
Chair | Larry Glenn Lipman |
CFO | Paul Hingston |
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