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Lok 'n' Store - Shares hit new high

June 2007

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:
  • 282p
Lok ‘n’ Store has pleasantly surprised with interim results for the six months to 31 January ahead of expectations. Turnover grew 24% to £5.3m, EBITDA increased 74% to £1.4m (ahead of forecasts of £1m) and pretax profit rose 504% to £450,000. Eps was 1.9p. While these figures were to some extent overshadowed by the fantastic price of £10m achieved through the sale of its Kingston store, the group’s key performance indicators were good nonetheless. The total area let increased by 16% to nearly 605,000 sq. ft. while the amount of fitted space occupied increased by 18% to 527,000 sq. ft. Other highlights include a 13% rise in turnover from stores more than 250 weeks old, while average p ...

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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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