Safestay’s £5.1m Glasgow deal puts AIM’s liquidity gap in focus
Safestay Plc sold its Glasgow hostel for £5.1 million, cashing in an asset worth over half its current market cap, but the shares barely reacted. The AIM-listed hostel group closed the sale of Safestay Glasgow Charing Cross to an independent investor on July 1, during normal London Stock Exchange hours. Shares last traded flat at 13.50p as of 10:35 BST on Thursday, with a 12p sell and 15p buy quote. Just 8 shares moved so far, worth around £1.20 at 15p, latest price on the tape. Market cap stood at £8.77 million.