Safestay (SSTY)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM All-Share

 19.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 29.60
  • 52 Week Low: 18.19
  • Currency: UK Pounds
  • Shares Issued: 64.94m
  • Volume: 7,282
  • Market Cap: £12.34m

Safestay revenues boosted by new sites on the Continent

By Iain Gilbert

Date: Tuesday 05 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Hostel operator Safestay saw revenues and earnings move ahead in its last trading year, driven in part by the addition of new sites in Barcelona, Brussels and Vienna.
Safestay improved revenues 39% to £14.6m in the twelve months ended 31 December - well ahead of the 5% average annual growth rate in the contemporary hostel market.

Growth in occupancy grew to 75.6% from the 72.8% recorded in 2017.

The AIM-listed outfit now expects to record an EBITDA of no less than £3.4m - a £200,000 improvement on the previous year.

Looking forward, chairman Larry Lipman said: "The focus is to grow the brand and the company has the capital to support an increase from the 13 sites today to over 20, at which point the business will become self-funding and increasingly gain from economies of scale and brand growth."

Safestay also noted that it had completed the 73-bed extension of its popular Elephant & Castle hostel located in the Labour Party's ex-headquarters, taking the group's total bed count to 2,792.

As of 1030 GMT, Safestay shares had climbed 8.95% to 36.50p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Safestay Market Data

Currency UK Pounds
Share Price 19.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 29.60
52 Week Low 18.19
Volume 7,282
Shares Issued 64.94m
Market Cap £12.34m

Safestay Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
20.77% above the market average20.77% above the market average20.77% above the market average20.77% above the market average20.77% above the market average
62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average
Price Trend
11.43% below the market average11.43% below the market average11.43% below the market average11.43% below the market average11.43% below the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Income Not Available
Growth
58.89% above the market average58.89% above the market average58.89% above the market average58.89% above the market average58.89% above the market average
57.69% above the sector average57.69% above the sector average57.69% above the sector average57.69% above the sector average57.69% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Safestay Dividends

  Latest Previous
  Final
Ex-Div 14-May-15
Paid 26-Jun-15
Amount 0.30p

Trades for 28-Mar-2024

Time Volume / Share Price
15:19 4,048 @ 18.21p
10:43 3,234 @ 18.19p

Safestay Key Personnel

Chair Larry Glenn Lipman
CFO Paul Hingston

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