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Lok'n'Store - Finncap has 293p price target

March 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:
  • 257.5p
The shares hit a new high of 249p after self storage group Lok’n Store’s update for the six months ended 31 January noted a sharp 16% increase in revenues. This was driven by a 5.5% increase in occupancy and 6.7% jump in pricing.Encouragingly, trading at the new Reading and Maidenhead stores has been good, giving it confidence that three further stores at Aldershot, Southampton and Bristol, which should open within the next 18 months, will also provide a major boost.Finncap forecasts eps of 6.9p this year, rising to 10p and then 13.4p in ’17, with the dividend set to rise from 8.1p to 11.6p over the same period. Its price target is 293p.The shares have gained 22% since our tip last June at 211p but ...

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Lok n Store - Record pipeline of new sites to deliver 36% more self-storage space (August 2020)
Lok 'n Store (February 2020)
Lok 'n Store - Shares soar to new high of 645p (December 2019)
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Lok'nStore - Largest pipeline of new openings in its history (April 2019)
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Lok 'n' Store (December 2017)
Lok 'n' Store (July 2017)
Lok ‘n’ Store - NAV growth beats forecasts by a country mile (December 2016)
Lok 'n' Store - New openings drive growth in self-storage space (June 2016)
Lok'n'Store - Pretax profit up 35% in H1 (December 2015)
Lok 'n' Store - Shares close in on £3 (July 2015)
Lok 'n' Store (December 2014)
Lok 'nStore - Occupancy rises 9.6% in H2 (August 2014)
Lok'nStore - Self storage group sees sharp rise in prices and occupancy (June 2014)
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)
Lok'n'Store - Occupancy and prices rising again (March 2010)
Lok'nStore - Extremely undervalued self-storage operator (January 2010)
Lok 'n' Store - Falls through stop-loss (November 2007)
Lok 'n' Store - Property disposal triggers profit of nearly £2m (July 2007)
Lok 'n' Store - Shares hit new high (June 2007)
Lok 'n' Store - Kingston sale makes £10m (May 2007)
Lok 'n' Store - Very under-valued self-storage operator (April 2007)

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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