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Lok 'n' Store - Shares close in on £3

July 2015

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:
  • 293p
The shares moved up nicely to a high of 300p since our tip and interims suggest this trend should continue. Revenue rose 14% to £7.6m while pretax profit increased 62% to £1.5m. Net asset value per share increased 9% to 269p.The company, which owns 21 self-storage facilities in the South, including 12 freehold and long leasehold and manages a further three outlets, increased occupancy 5.5% to 63.6%.During the period it sold its former Reading site for £2.9m and moved into a new 48,000 sq. ft. one while it also announced the sale of its Portsmouth Harbour site for £3m. It also purchased a site in Bristol, which has planning for 50,000 sq. ft. space, which will cost £4m including fit-out.With ...

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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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