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Lok 'n Store

April 2024

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:
  • 801p
In a positive update Lok n Store revealed that first half revenue (to end January) was +4.9%, supported by pricing +4% and trading in line with expectations. Early trading at the three newly opened stores continued as expected and a new managed store has also opened recently. Two further stores (one owned, one managed) will open later in 2024. Financing terms have been improved with £10m out of the total £44m debt now fixed at 5.2% for five years, significantly below the 6.74% floating rate paid on the remainder. This reflects the strong balance sheet with net debt at July ‘23 standing at just £12.3m for loan to value of  3.7%. As broker Cavendish notes, the opening pipeline will add 39% to owned space and a key attraction ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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