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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Lok 'n' Store

December 2014

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:
  • 230.5p
Self-storage operator Lok N Store reported final results ahead of forecast with revenues up 7% to £13.9m and EBITDA rising almost 12% to £4.6m. Eps increased 26% to 7.2p, while net asset value rose almost 10% to 271p per share. Net debt rose from £22.5m to £25.5m but its loan to value ratio fell to a conservative 28.2% (2013: 28.5%).Growth came thanks to a 12.4% increase in average store occupancy and price increases of nearly 6%, while ancillary sales from boxes, packaging materials and insurance, rose 15.5% and accounted for just over 11% sales. The small document storage business contributed EBITDA of £0.24m (2013: £0.31m).With costs firmly controlled this growth led to adjusted EBITDA m ...

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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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