0R15 9025.0 0.0% 0R1E 9410.0 0.0% 0M69 None None% 0R2V 247.99 9682.643% 0QYR 1567.5 0.0% 0QYP 439.3701 -2.9016% 0RUK None None% 0RYA 1597.0 1.2682% 0RIH 195.55 0.0% 0RIH 191.4 -2.1222% 0R1O 225.5 9683.0803% 0R1O None None% 0QFP 10475.8496 107.8542% 0M2Z 252.573 0.2373% 0VSO 33.0 -7.3164% 0R1I None None% 0QZI 622.0 0.0% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 222.05 -4.1318%

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Two LSE-Listed Stocks Giving Bullish Indication

Safestore Holdings PLC (LSE: SAFE): is an FTSE 250 index-listed, SAFE is the UK's largest and Europe's second-largest provider of self-storage. The company operates approximately 190 stores, including 133 wholly-owned stores in the United Kingdom. Among these, 73 are located in London and the Southeast, with the remaining stores situated in metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol. Additionally, SAFE has a presence in Paris, France, Spain, and the Benelux region, including the Netherlands and Belgium. 

The company's top-line revenue grew marginally, around 5.5% YoY during FY23, while its Underlying EBITDA rose approximately 3.3% during the same period. Additionally, the company has added 500,000 sq. ft of new Maximum Lettable Area across thirteen projects in FY23. With £200 million of headroom under the RCF plus a £100 million accordion facility, the company maintains adequate liquidity. Moreover, SAFE is carrying around 73% of debt at fixed interest rates with tenors from 2024 to 2033. Overall, the company aims to generate returns significantly ahead of its cost of capital. 

Technical View: In the daily chart, SAFE’s stock has shown strong support near the horizontal channel support line and price consolidation, as depicted in the chart. The stock reacted positively to a new replacement in a top management position as Chief Financial Officer (CFO) in March 2024, which is seen as a positive development for the company's growth. The stock is receiving strong support from the leading indicator 14-period RSI (Relative Strength Index), showing a reading of 50.05, indicating positive territory. Trending indicators such as the 21-day and 50-day SMAs (Simple Moving Averages) are above the CMP (Current Market Price), which may act as small resistance. The stock's trading volume is also increasing, which will likely help in further rallying. 

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