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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Lok 'n Store - 2010 NAP has gained 76%

January 2011

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:
  • 137p
Self storage specialist Lok 'n' Store was a New Year NAP for 2010 at 78p so they've performed pleasingly well, helped by encouraging final results for the year to 31 July. Highlights were the 20% rise in EBITDA to £2.9m and almost three-fold jump in operating profit to £0.92m. Net asset value (NAV) rose 8% to 224p per share, while low interest rates and strong cash generation helped reduce net debt by £2.1m to £22.7m, leaving almost £12m undrawn borrowings and cash balances of £5.4m. The balance sheet is also healthier with the loan to value ratio improving from 32% to 28.1% while operating profit covered debt interest by six times. The emphasis on “care and maintenance†of existing units rather than expansion of the esta ...

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Lok 'nStore - Occupancy rises 9.6% in H2 (August 2014)
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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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