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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Big Yellow - Major property revaluation gains

June 2006

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:
  • 384p
Shares in self storage company Big Yellow have risen usefully since we recommended them in February and its latest results for the year ended 31 March fully justified this performance. Pretax profit, before revaluation gains, rose by 62% to £12.6m on turnover up 25% to £41.9m. However, the real excitement surrounds the much larger than forecast revaluation of Big Yellow’s property estate, which saw an uplift of £106.2m, taking the total pretax profit to £118.5m, nearly triple last year’s £42.8m. Big Yellow’s independent valuation agents, Cushman and Wakefield, have clearly factored in the ongoing strength in commercial and retail property prices, reflecting both rental growth, strong demand ...

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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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