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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Lok 'n' Store - Gain to date: 290%

June 2022

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:
  • 975p
Lok’s interims, well flagged by its earlier update, were excellent once again. The pandemic has encouraged people to move and has enhanced already strong tailwinds due to lack of space in people’s homes and greater demand to store stuff. Consequently, Lok increased sales 31% and EBITDA 46.5% to £13.4m and £8.1m, respectively. Net assets value per share increased a massive 48% to 843p driven by yield compression (valuer’s assumption for exit yields compressed from 6.15% to 5.54%). Profit growth came partly from increases in selling prices with unit occupied space rising 6% to £24.22 per sq .ft. and also greater utilisation of storage space. As a result store EBITDA margins rose from 58.6% to 63.6%. Trading in the two months po ...

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Lok 'n Store - Shares soar to new high of 645p (December 2019)
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Lok 'n' Store - Shares close in on £3 (July 2015)
Lok'n'Store - Finncap has 293p price target (March 2015)
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Lok 'nStore - Occupancy rises 9.6% in H2 (August 2014)
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Lok 'n' Store - Focus on cash yields dividend hike (January 2012)
Lok 'n Store - 2010 NAP has gained 76% (January 2011)
Lok'n Store - Shares spike to over £1 (June 2010)
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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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