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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Lok ‘n’ Store - NAV growth beats forecasts by a country mile

December 2016

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:
  • 436p
With so much Brexit uncertainty around it can be hard for investors to latch on to tangible growth themes but one that is delivering solid returns is the renting of UK self storage space, with shares in Lok n Store (LOK), the smallest of the three listed players (alongside Big Yellow, 680p and Safestore, 355p), on a bit of a tear. The company has just released its final results, which showed EBITDA (cash profit) rise almost 11% to £6.3m while net asset value has increased 28% to 386p a share (thrashing forecasts of 320p). That means that in the past five years EBITDA and NAV have risen 91% and 69%, respectively.The obvious retort is that past performance is no guide to future returns but the great opportunity for LOK is that ...

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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 - Pretax profit up 35% in H1 (December 2015)
Lok 'n' Store - Shares close in on £3 (July 2015)
Lok'n'Store - Finncap has 293p price target (March 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)
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Lok 'n' Store - Falls through stop-loss (November 2007)
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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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