image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Big Yellow - Net debt falls by £35m

February 2010

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:
  • 319p
Self-storage firm, Big Yellow showed some progress in its Q2 results to 30 September, with revenue rising 7% to £15.1m and adjusted pretax profit rising 12% to £7.7m. Operating cash flow soared from £2.3m to £7.9m, which along with the £31.5m from last May's placing helped net debt reduce from £308.1m to £272.8m. Net asset value fell 4% to 437p, due mainly to the first-time revaluation of the development pipeline, which was previously held at cost. Occupancy over the six-month period saw a 62,000 sq. ft. increase to 1,794,000 sq. ft., compared with a decline of 10,000 the same time a year ago. Overall occupancy rates are currently 55% and the medium-term target is to raise this to 85%, which would add more than £25m of inc ...

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

Subscribe now

Already a subscriber? Login

Related Articles

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 £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 (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)
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