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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Big Yellow - Five more planning consents

October 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:
  • 528p
Since its quarterly results in July self-storage operator, Big Yellow has won planning consents for another five of its development sites in Merton, Sheffield, Poole, Liverpool and Bromley. These will add a further 293,600 sq. ft. of lettable space to its portfolio with planned opening times for the stores ranging throughout next year and into 2009. This also means that 11 of the 28 sites in its pipeline now have planning permission with four of the remainder expected to reach the planning committee in the next three months. Separately, Big Yellow has acquired the freeholds of one new location and one existing site in Chelmsford. As we have stressed before the greater gains are coming through re-valuations via property de ...

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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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