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Big Yellow - Bounce in occupancy rates

January 2011

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:
  • 338p
Although housing sales remain muted this hasn't stopped self storage operator Big Yellow producing encouraging interims with store EBITDA rising 14% to £18.1m and pretax profit increasing 26% to £9.7m. Helped by a small revaluation gain, adjusted net asset value per share, comprising mainly freehold properties in Greater London and the South, rose 2% to 461p.There was good growth across the portfolio with the 32 established stores (open more than five years) increasing occupancy rates from a low of 68% as at 31 December 2009 to 74% in September 2010. Wholly owned store occupancy growth was 151,200 sq. ft. in H1, while there was also an increase of 2% in net prices.During the period Big Yellow achieved planning consent for ...

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Big Yellow (July 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 - 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)
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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.

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