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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Big Yellow - Shares stay strong in spite of

March 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.

  • Epic Code:
  • BYG
  • Price:
  • 685p
After smashing through the £7 mark for the first time, shares in self-storage firm Big Yellow fell out of bed after its quarterly update revealed details of its previously announced stumbling block with HM Revenue and Customs in its attempts to convert to REIT status. The bug-bear relates to whether its self storage revenues count as trading or rental income. After consulting its professional advisers, including leading Counsel, the company remains confident this problem will eventually be resolved. In the meantime, it’s business as usual with the core self-storage operations enjoying a 19% rise in revenue to £12.9m over the last year. Average rent per sq. ft. in the first nine months increased 7% to £24. ...

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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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