With the completion of the Edinburgh hostel deal Safestay will have more than trebled the number of beds in the group since its IPO in May 2014. We have updated our forecasts for the impact of Edinburgh, the delay in the Holland Park opening and the investment in group infrastructure. The full benefits of both Edinburgh and Holland Park will start to come through in 2016. With more of the foundations of a successful rollout in place we maintain our DCF-derived 120p TP having tweaked our WACC
09 Sep 2015
Edinburgh continues growth strategy
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Edinburgh continues growth strategy
Safestay Plc (SSTY:LON) | 19.0 0 0.0% | Mkt Cap: 12.3m
- Published:
09 Sep 2015 -
Author:
Robert Sanders -
Pages:
12
With the completion of the Edinburgh hostel deal Safestay will have more than trebled the number of beds in the group since its IPO in May 2014. We have updated our forecasts for the impact of Edinburgh, the delay in the Holland Park opening and the investment in group infrastructure. The full benefits of both Edinburgh and Holland Park will start to come through in 2016. With more of the foundations of a successful rollout in place we maintain our DCF-derived 120p TP having tweaked our WACC