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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Lok'n Store - Shares spike to over £1

June 2010

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:
  • 105p
Shares in self storage firm, Lok'n Store have sprung to life with a spike to a new high of 105p. The catalyst was a resilient set of interims, which showed a 2% rise in revenues to £5.2m and 14.5% increase in EBITDA to £1.45m. That made for a pretax profit of £190,000, compared with a loss of nearly £0.5m last time. Performance improved thanks to a 10% increase in occupied space to 558,514 sq. ft, making for a 52% occupancy rate, while prices increased 2.8%. Another improvement was the 25% rise in ancillary income (insurance, boxes etc.) to almost £530,000. Operating costs reduced 1.5%, while interest charges fell over two-thirds from £0.77m to £0.25m, reflecting lower interest rates and borrowings. The value of the propert ...

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