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Lok 'n Store - Shares soar to new high of 645p

December 2019

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:
  • LOK
  • Price:
  • 645p
The shares have broken out to a new high of 645p after self-storage firm Lok ‘n Store’s final results beat expectations. Revenues rose 10% to almost £17m, while EBITDA jumped 12% to £7.4m, driven by a 6% rise in occupancy. Net asset value per share increased 11% to 533p, thanks to new store openings while the dividend was hiked 9% to 12p.Lok trades from 34 outlets of which 18 are trading above 70% occupancy. 15 stores are freehold (54% lettable space), generating 75% of group EBITDA, thanks to terrific EBITDA margins of almost 62%. A further eight are long leasehold (19% space) with 42% margins and 11 are managed stores (27% space).  Lok opened four new stores in Cardiff, Dover, Exeter and Ipswich ...

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Lok n Store - Record pipeline of new sites to deliver 36% more self-storage space (August 2020)
Lok 'n Store (February 2020)
Lok 'n' Store (October 2019)
Lok 'n Store (July 2019)
Lok'nStore - Largest pipeline of new openings in its history (April 2019)
Lok 'n' Store (December 2018)
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Lok 'n' Store (December 2017)
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Lok ‘n’ Store - NAV growth beats forecasts by a country mile (December 2016)
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Lok'n'Store - Pretax profit up 35% in H1 (December 2015)
Lok 'n' Store - Shares close in on £3 (July 2015)
Lok'n'Store - Finncap has 293p price target (March 2015)
Lok 'n' Store (December 2014)
Lok 'nStore - Occupancy rises 9.6% in H2 (August 2014)
Lok'nStore - Self storage group sees sharp rise in prices and occupancy (June 2014)
Lok 'n' Store - Focus on cash yields dividend hike (January 2012)
Lok 'n Store - 2010 NAP has gained 76% (January 2011)
Lok'n Store - Shares spike to over £1 (June 2010)
Lok'n'Store - Occupancy and prices rising again (March 2010)
Lok'nStore - Extremely undervalued self-storage operator (January 2010)
Lok 'n' Store - Falls through stop-loss (November 2007)
Lok 'n' Store - Property disposal triggers profit of nearly £2m (July 2007)
Lok 'n' Store - Shares hit new high (June 2007)
Lok 'n' Store - Kingston sale makes £10m (May 2007)
Lok 'n' Store - Very under-valued self-storage operator (April 2007)

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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