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Lok ‘n Store - Self storage firm’s pipeline to add 44% more space

December 2022

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:
  • 935p
Self-storage is an industry that has grown in good times and bad and the Covid-19 and post pandemic eras have exacerbated this trend as people look for a cheap way to de-clutter (in the face of rising property rents) or require a temporary base while renovating, moving home or because of another “life” event. Industry figures show the number of self-storage facilities has grown to almost 2,000 (c. 50 million sq. ft), which works out as average storage rental space per person of 0.74 sq. ft. Analysts expect to continue to see the sector play catch-up with the more mature US market (49,200 outlets, 1.9 billion sq. ft), which has almost eight times greater penetration at 5.9 sq. ft. per person, thereby underwriting many more vintage years. ...

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Lok 'n Store - 1110p cash offer from Shurgard (June 2024)
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Lok ‘n Store - Self storage firm to increase space by 40% (January 2024)
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Lok'n'Store - Finncap has 293p price target (March 2015)
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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)
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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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