image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

Lok 'n' Store

December 2018

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:
  • 416p
Self-storage firm Lok ‘n Store released strong final results for the year ended 31 July with revenue and pretax profit rising 6.6% and 34.3%, respectively, to £17.75m and £5.3m. Adjusted net asset value per share rose 15% to 480p (slightly ahead of forecast), while the dividend increased 10% to 11p.Lok now trades through 29 self-storage outlets in Southern England of which 14 are freehold / long leaseholds, seven leaseholds and eight managed stores. Three stores in Hemel Hempstead, Gillingham and Wellingborough opened in the period, all trading ahead of initial expectations. With a backdrop of  planners slow to approve such sites and increasing demand, organic growth was excellent (7.7% jump in occupancy and ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

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

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe