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Big Yellow

April 2007

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:
  • BYG
  • Price:
  • 644p
Shares in self storage operator Big Yellow leapt 24p on the day it announced that HM Revenue & Customs (HMRC) had withdrawn their objection to its attempts to convert to a real estate investment trust (REIT). The group will now carry out a valuation of its property assets to establish the amount of tax it must pay to convert to a REIT. The tax will be 2% of the gross value of the property. The group will also convene an EGM to seek shareholders’ approval. Tipped as a main write-up in Feb ‘06 at 314p, we suggested taking part profits last month when the shares stood at 685p for a gain of 118%. With the REIT uncertainty now out of the way, we think the shares will inch ahead towards previous highs. ...

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Big Yellow (August 2016)
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Big Yellow - Bounce in occupancy rates (January 2011)
Big Yellow - Undervalued self-storage firm sees recovery in demand (July 2010)
Big Yellow - Net debt falls by £35m (February 2010)
Big Yellow (August 2009)
Big Yellow - Outlook improving for self-storage group (July 2009)
Big Yellow - Hopeful of pick up in Spring (February 2009)
Big Yellow - Benefiting from base rate cuts (January 2009)
Big Yellow (July 2008)
Big Yellow - 22% discount to NAV (February 2008)
Big Yellow - Five more planning consents (October 2007)
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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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