Updates

Big Yellow - NAV rises 47%

July 2007

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.

Another highly impressive set of results from self-storage operator Big Yellow. For the year ended 31 March, turnover increased 22% to £41.9m, with pretax profit before property gains rising 13% to £14.2m. The juiciest part of the results was the huge revaluation of its (mostly freehold) properties, which increased £180m or 23% to £590m. Adding this back meant overall profit rose 29% to £153m, while its net asset value (NAV) rose a whopping 47% to 438p, helped by a red hot commercial property market. The costs of expansion meant that net debt increased from £142m to £188m but gearing fell to 38% and borrowing facilities have been raised by £50m to £275m. During the year, Big Ye ...

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Synergy Healthcare - Expansion into China

IG Group - Turnover jumps 35%

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 - 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 (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.

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