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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Lok'n'Store - Occupancy and prices rising again

March 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:
  • 81p
Lok 'n Store noted that H1 trading was encouraging, with occupancy to 31 January ahead 10.2% year-on-year. Average prices per sq. ft. increased 2.8%,while the benefits of last year's cost cutting are continuing to feed through. Broker, Arbuthnot notes that margins are set to benefit from the increasing maturity of its Harlow and Northampton Central stores, while from a valuation perspective the shares trade at a c. 60% discount to current NAV (a significant discount to Big Yellow).The shares have inched ahead since we made them a New Year Nap but have further to go. Keep buying. ...

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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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