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Thanks NorrisCole. Helpful comments that seem to make sense. Hopefully it will bottom out sooner rather than later.
Big Yellow tends to het tied in with movements in the housing market - if there's doubt in housing , less people moving, less demand for storage. I also think their occupancy rates are slipping a little as well, if less demand. Also storage is seen as discretionary spend and with a cost of living crisis going on, people will spend less on storage.
Has anyone any suggestions why this continues to be in (sharp) decline? I haven't seen any bad news myself and would be expecting it to be holding above 1000.
I hope " an oven-baked supply of consented sites" doesn't imply too much cooking.
It is a REIT.
Real Estate Investment Trust.
TRUSTNET HAS THESE LISTED AS AN INVESTMENT TRUST BUT THEY APPEAR TO BE A PLC CAN SOME ONE ENLIGHTEN US AS WE ARE IN OUT LATE 70S AND A BIT LOST HERE.
..results for the year so far, rental occupancy up, price per square foot up and year to date revenue up 8%. The only fly in the ointment is the CEO who has to add 'significant uncertainties remain around the UK's economic outlook' and that's the statement that ShareCast news picks up on! Well I've got news for Mr Gibson, Mark Carney et al, Brexit or no Brexit there will always be uncertainties about the future, try concentrating on whats happening now.
No.
Can someone explain the downtrend in the share price??
i sold all my Yellow -- But really glad i kept my REDDE -- ex helphire -- should have kept all my colours :D
Lol You got off a tad early
Time to step off this .Getting overcrowded and constant scrabble for customers amongst the operaters
What was the original name of this company
:D
I'd held shares --------------- but thats life gl all
I was proved right
Sold my shares --- bought in jan 08 and nov 11 -- small dividends -- but prob ahead on inflation on my sale -- put hold even though i personally sold - because i think company will do even better gl to all holders
Promising - gla
Big Yellow Group: Goldman Sachs moves target price from 390p to 422p, while its strong buy recommendation is kept.
Big Yellow Group: UBS reduces target price from 395p to 380p and downgrades to neutral.
produce higher returns to shareholders, whilst enjoying less volatility." "This equity raise allows the board to accelerate its stated strategy of deleveraging whilst giving the company some flexibility to expand its portfolio of stores and consolidate its brand dominance in London and the South East," he said. Members of the board, including Nicholas Vetch, James Gibson, Richard Cotton and Mark Richardson, intend to invest in aggregate up to £320,000 in the placing, the group added. The timing of the closing of the book, pricing and allocations is at the discretion of J.P. Morgan Cazenove, which is acting as sole bookrunne
Self-storage group Big Yellow said it would create up to 10m new shares in a bid to pay down debts, increase dividends and expand its sites. The new shares will make up 7.5% of the company's total issued share capital and will be offered to existing shareholders and new institutional investors. The firm said the proceeds would be used to reduce debt and accelerate the group's aim of achieving four times interest cover at the pre-interest cash flow level. This, in turn, would enable the company to rebase its dividend policy. The intention is to move to an increased payout of 80% of adjusted earnings per share beginning with the year ending March 13th 2014, it said. A proportion of this will be payable at the interim stage. Big Yellow would also then be in the position to begin a phased development of three existing sites with planning consent that it has previously acquired, at a cost of around £14.3m. Nicholas Vetch, the firm's Executive Chairman, said: "We hold the view that, on a long term basis, lower leveraged businesse
Big Yellow Group: Peel Hunt downgrades to hold with a target price of 380p.
Touched 355----------- Time will tell if going towards £5 -- fingers crossed