For over 20 years, Safestyle has been producing high-quality, affordable double-glazed windows and doors for homes across Britain. Having started with capital of just £2,000 in 1992, a passion for double glazing and a commitment to delivering quality windows and doors and first-rate service has seen us go from strength to strength; we are now an industry leader with 29 branches and 10 installation depots across England and Wales, and install windows and doors worth over £100 million on domestic properties each year.

http://www.safestyle-windows.co.uk/

First Day of Dealings

RNS


RNS Number : 2103V

Safestyle UK PLC

11 December 2013






11 December 2013



Safestyle UK plc



("Safestyle", the "Group", or the "Company")



First Day of Dealings



Safestyle, the largest retailer and manufacturer of PVCu windows and doors for the UK homeowner replacement market, is pleased to announce that Admission and dealings in its Ordinary Shares commence at 08:00am today on the AIM market of the London Stock Exchange. Following Admission, dealings will commence under the TIDM identifier SFE.



Summary



· Safestyle has placed through a Vendor Placing, a total of 70m ordinary shares with institutional investors at a Placing Price of £1 per share.



· The market capitalisation of Safestyle on Admission at the Placing Price is £77.7m



· The number of Ordinary Shares in issue on Admission is 77,777,777



· The management team, led by Stephen Birmingham, who has been with the Company since 1999 and Managing Director since 2007 subsequently becoming the Chief Executive Officer, is continuing with their strategy, first implemented in 2008, of focusing only on the UK homeowner replacement PVCu window and door market in England and Wales.



· This focused strategy has allowed the Company to increase its market share nationally from 4.4 per cent in 2007 to 7.5 per cent in 2012.



Stephen Birmingham, Chief Executive Officer, said: "We have been delighted with the response in our over-subscribed placing and are very pleased to welcome our new investors. The Company has experienced strong growth in a difficult market, driven by the outstanding quality of our product, the focus on executing our strategy and the dedication of our staff.



"As economic conditions continue to improve and as we increase our geographical presence into the South of England we feel confident in a bright and successful future as a PLC."








Do not like the company adverts.




Simon T of IC today -Offering a forward yield of 6 per cent, and trading on only 9.2 times earnings for 2014 based on Edison's conservative looking forecasts, Safestyle shares rate a buy on a bid offer spread of 132p to 135p. My earnings driven target price is 200p which if achieved offers almost 50 per cent share price upside.
The net result is that the company’s profits and cashflow have been rising strongly. On an underlying basis, pre-tax profits increased from £7m on revenues of £98.6m in 2011 to £9.5m and £110m last year. Analyst Toby Thorrington at research house Edison predicts a further rise to £14.5m and £124.6m, respectively, in 2013. On this basis, EPS are set to soar by over half from 9.1p in 2012 to 13.9p when the company reports its fiscal 2013 results in March. This means that the shares are trading on less than 10 times earnings.

Strong buying.

Nice and steady rise

Interesting - thanks DC.

Happy Christmas and new year skinny.

A lot of interest today, strong demand.

Simon T of IC -
It’s clearly worth noting that the founder of Safestyle sold out his 90 per cent holding of 70m shares to institutions at the time of the Aim flotation. According to announcements made to the London Stock Exchange, seven institutions have so far declared holdings totalling 34.5m shares, or 44.2 per cent of the issued share capital. These include Investec, Henderson Global Investors, AXA and Schroders. In other words these are long-term investors. I have also complied a table with all the major holders including management: chief executive Stephen Birmingham and sales director Kiran Misra both hold 5 per cent stakes in the company.
True, institutions were able to buy the shares at 100p in the placing and the market price is currently 135p, having fluctuated in the range between 130p and 140p in the past week since the listing last week. But with long-term holders on board, and 90 per cent of the share capital in the hands of only 17 parties includign directors, this means that Safestyle’s shares could absolutely fly on any positive news. And with the company set to announce a 50 per cent plus increase in underlying profits in its full-year results in March, and a bumper payout for shareholders, then we do not have long to wait to benefit from the catalyst to narrow the valuation anomaly with peers

Holding(s) in Company +5%

http://www.moneyam.com/action/news/showArticle?id=4732148

FORECASTS

2013 2014
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Edison
11-12-13 None 14.50 13.90 5.00 15.00 14.40 8.00

2013 2014
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 14.50 13.90 5.00 15.00 14.40 8.00
1 Month Change 0.00 0.00 0.00 0.00 0.00 0.00
3 Month Change 0.00 0.00 0.00 0.00 0.00 0.00

GROWTH
2012 (A) 2013 (E) 2014 (E)
norm. EPS 49.89% 54.75% 3.60%
DPS % % 60.00%

INVESTMENT RATIOS
2012 (A) 2013 (E) 2014 (E)

EBITDA £10.37m £15.50m £16.20m
EBIT £9.51m £m £m
Dividend Yield 0.00% 3.42% 5.48%
Dividend Cover x 2.78x 1.80x
PER 16.26x 10.50x 10.14x
PEG 0.33f 0.19f 2.82f
Net Asset Value PS 2.74p p p


A forward P/E of just over 10 whilst all other building related companys are on very high multiples looks very tempting.

Steady rise up.

P/E just over 10.

All other firms associated with building boom P/E 20 plus.

Derd cheap and plenty I mean plenty to go.

Up over 6% on the day.

Ive been pushing on Twitter but its been tough. Company as a low BETA.

Good day

up 13%

Loads errr money. My followers on Twitter have helped. Loads errr money.

he he he LOL.

loads errr money.

Year End Trading Update

RNS


RNS Number : 5231Y

Safestyle UK PLC

27 January 2014




27 January 2014







Safestyle UK plc



("Safestyle", the "Group", or the "Company")



Year End Trading Update



Safestyle, the largest retailer and manufacturer of PVCu windows and doors for the UK homeowner replacement market, is today providing a trading update for the year ended 31 December 2013.



Revenue for the year was in excess of £124 million, in line with management's expectations, an increase of over 12% on the previous year (2012: £110 million). Profits for the year are also expected to be in line with management's expectations. The Company has continued to increase its market share during the year to 7.85% (2012: 7.49%) and was pleased to note that the overall market grew by 4.5%, according to FENSA, its first year of growth since 2007.



Manufacturing increased during the year with 250,185 frames produced during the period (2012: 232,687 frames) whilst the number of installations increased by 9.4 % to 55,112 (2012: 50,357).



The order book at the year end was strong and order intake in the first 3 weeks of 2014 has got off to a positive start exceeding management expectations.



The Company will announce its audited results for the year ended 31 December 2013 on 31st March 2014.

Simon T of IC today - What this also means is that if Safestyle continues to grow as I expect, then the valuation gap with peers has ample scope to narrow as investors recognise its improving earnings growth rates. And on a forward PE ratio of 11, the discount to peers is still wide enough to warrant maintaining a buy recommendation on the shares.

In the circumstances, I have no hesitation reiterating my 200p target price ahead of the full-year results at the end of next month. Strong buy.

On the verge of a break up...........

Finals Mon 31 March