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Big Yellow - Sharp rise in occupancy

September 2014

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:
  • 515p
Big Yellow quietly delivered further progress, with its update for the three months to 30 June showing store revenues up 11% to £18.6m year-on-year. Occupancy within its 32 wholly owned stores rose 49,000 sq. ft. to 1,501,000, with utilisation rising from 75.2% to 77.8%. Within the 23 less mature lease up stores, including the recently owned Gypsy Corner site, occupancy rose by 76,000 sq. ft. to 1,012,000, with utilisation rising from 60% to 64.8%. Net rent rose 0.8% to £26.37. Big Yellow has also started building a new 60,000 sq. ft. store in Enfield, North London, which will open in April 2015. Separately Big Yellow has announced the acquisition of a freehold store in Oxford from another self storage firm for £4.1m. This store, ...

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Big Yellow (August 2016)
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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)
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Big Yellow - 22% discount to NAV (February 2008)
Big Yellow - Five more planning consents (October 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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