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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Lok 'n' Store - Focus on cash yields dividend hike

January 2012

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:
  • 103p
Shares in self storage firm Lok ‘n’ Store, originally a New Year Nap for 2010 at 78p, subsequently reached a high of over 130p at one point but in recent months have fallen back to the current 103p. However, the de-rating is more  a market issue than trading, which has been respectable with results for the year to 31 July showing revenues rising 4% to £10.85m, EBITDA increasing almost 12% to £3.28m while net profit was up 300% to £0.89m. Net debt increased from £22.7m to £24.4m, mainly reflecting the £3.7m purchase of a document storage business, while borrowing head room is comfortable with the total faci ...

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Lok n Store - Record pipeline of new sites to deliver 36% more self-storage space (August 2020)
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Lok 'n Store - Shares soar to new high of 645p (December 2019)
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Lok'nStore - Largest pipeline of new openings in its history (April 2019)
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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 - 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)
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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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