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Lok 'n Store

February 2020

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:
  • 720p
Another strong month for the shares, which hit a new high of 733p. The latest spark was an update on the new store pipeline, which looks stronger than ever. The group has exchanged contracts with Lidl (subject to planning) on the shared use of the group’s freehold site in Cheshunt. A new Lok self-storage and Lidl retail store are expected to open there in 2021 and represents a second collaboration following one in Maidenhead in 2013.In addition, the group has secured two new pipeline sites, taking the pipeline to 15 (versus 34 open). The first in Oldbury, West Midlands, where the group has exchanged contracts on an existing new building, will become a 42,000 sq. ft. store opening in summer 2020. The second in Chester, Cheshir ...

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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)
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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)
Lok 'n Store - 2010 NAP has gained 76% (January 2011)
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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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