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what the market has missed with Safestay is the arrival of PYRRHO INVESTMENT LIMITED on the register Pyrrho is the family investment fund owned by a Hong Kong based property investment and development family. they are keen activist investors and now have 22% of the stock. clearly they are not here for the sunshine and an improvement in occupancy drops straight to the bottom line.

paul did any of the speakers mention any current favourites in European/US large caps?

I look at PLA with much suspicion. they keep raising money to buy more and more businesses but look at the trend in their return on equity. has declined from low sigle digit figures to just 0.77% ! businesses like these are an accident waiting to happen. it would suggest that their previous acquisitions or their core businesses are declining and they need fresh capital…

I look at PLA with much suspicion. they keep raising money to buy more and more businesses but look at the trend in their return on equity. has declined from low sigle digit figures to just 0.77% ! businesses like these are an accident waiting to happen. it would suggest that their previous acquisitions or their core businesses are declining and they need fresh capital…

good morning Paul re VNET comments yesterday, I was surprised to see that the company made no announcement/comment. any ideas why?


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