Updates

Big Yellow - Hopeful of pick up in Spring

February 2009

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.

Self storage firm Big Yellow's trading update noted that revenues for Q3 to 31 December were Â£14.2m, which represents growth of 1% year-on-year but a 5% decline from the previous quarter. Average occupancy of all stores fell 2% over the previous quarter to 1,778,000 sq. ft., while average rent fell 3%. Big Yellow opened two new stores in the quarter in Sheen and Sheffield, trading within the partnership with Pramerica. As a result, the group now has 49 directly owned stores with a total self storage capacity of 3.1m sq. ft. There are also 20 sites in the development pipeline of which 14 have planning permission and two applications have been submitted (including one at appeal). Although management noted that trading remain ...

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

Subscribe now

Already a subscriber? Login

Tarsus - Low PE of 3.6 belies â€˜must-haveâ€™ nature of events

Game Group

Big Yellow (August 2016)

Big Yellow - Take a part profit (January 2016)

Big Yellow - Massive rise in occupancy from 65% to 73% (July 2015)

Big Yellow - Eps forecast to rise 82% in 3 years (January 2015)

Big Yellow - Sharp rise in occupancy (September 2014)

Big Yellow (July 2014)

Big Yellow - Shares smash through Â£5 (March 2014)

Big Yellow - Rise in housing transactions should lift profits (May 2013)

Big Yellow - Sharply rising occupancy drives strong profit growth (February 2013)

Big Yellow (September 2012)

Big Yellow - Trading on 33% discount to NAV (July 2012)

Big Yellow - Huge discount to NAV (February 2012)

Big Yellow (July 2011)

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 - 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)

Big Yellow - NAV rises 47% (July 2007)

Big Yellow (April 2007)

Big Yellow - Shares stay strong in spite of (March 2007)

Big Yellow - Shares gain more than 250p (January 2007)

Big Yellow (August 2006)

Big Yellow - Major property revaluation gains (June 2006)

Big Yellow (April 2006)

Big Yellow - Growth in self storage estate driving massive property gains (February 2006)

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