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Safestay - Returns to acquisition trail

November 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • Safestay
  • Price:
  • 24.2p
Travel is on the rise once more - and an army of blood sucking bedbugs are keen to travel as much as humans, invading the whole of Europe, with Rentokil reporting a 65% surge in sightings across homes, cinemas, trains and hospitals from 2022 to 2023. But Larry Lipman, chief executive of Safestay (SSTY; 24.2p), which runs boutique hostels across Europe and the UK, was in good cheer when I caught up with him over the month. The last time I met Lipman was back in 2015 when I visited one of his newly opened hostels in Holland Park and since that time it has been expanding and is now trading from 14, together with one development site (Edinburgh) and two hotels (Vienna and Berlin). Lipman is a property man. He previously built u ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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