Big Yellow Share Discussion Threads

[badtime] 29/11/2006 09:24

Pity..i bought in first thing..lol

[jaykay1981] 29/11/2006 09:05

just temporary, will close lower i think. no reason for this burst

[pricemilne5] 29/11/2006 09:02

lOOKS LIKE THE LID HAS FINALLY BLOWN OFF THIS ONE.

[sam66] 28/11/2006 22:26

Good rise today in a unsettled market took a kicking this morning on most of my stocks BYG did us proud, bought back some of my position at 552 so already into profit with the great results behind us should get back to nice steady increases.

[stewpot2] 26/11/2006 15:51

Like you sam I got stopped out when they dipped 25 points on IG. I was showing a profit of £650, and ended up with £220! Its a while since I have been so annoyed! What compounded it was that they quickly came back up, but when I saw what was happening and tried to get back in the spread was outrageous. Still, a profit is a profit.

[sam66] 24/11/2006 17:32

Moved my stop closer before results day and with them going up didnt move it back,I might just be sceptical but when stops are triggered and share price jumps straight back up we dont often get a better price !! Still confident with the stock and will look to get some more next week.
Have a good weekend.

[pricemilne5] 24/11/2006 16:54

That's why i never use stop limits, they always screw you. It's like saying take my shares mr MM i trust you with their sale.

BYG just reflective market sentiment today, they'll bounce next week.

[jaykay1981] 24/11/2006 14:06

bought another £10 per point at 5.38 with ig. think this is overdone.

[pricemilne5] 24/11/2006 12:48

That was some tree shake. it looks like the mm's are desperate for some stock. Well they ain't getting mine, not until we get close to 650p.

[m.t.glass] 24/11/2006 11:57

3.5p dividend per share available to anyone in possession of stock when market opens next Wednesday morning (29 Nov)

[gorilla36] 24/11/2006 08:26

From Today's Telegraph



Big Yellow
Stock 566p+1p
Questor says Buy

"Alright, guvnor. Got a lock-up I could use to store some gear?"

No, not the opening line of a gruff 1960s crime novel, but the kind of conversation that was commonplace in yesteryear, when on the lookout for some extra storage space.

Today, with property prices continually on the rise, and the majority of houses extended and loft-converted to the hilt, the demand for more storage continues apace.

As a result, the demand for self-storage companies is high, as seen in Safestore being put up for sale by owners Bridgepoint, and Shurgard considering selling its European storage business.

Big Yellow Group is one of the companies that has benefited from the demand in self-storage, an increasingly lucrative business.

So lucrative in fact that the company announced interim adjusted profit before tax of £7m, well ahead of the market consensus, with same store revenue up 10pc.

The reason for all this is simple: demand, driven by increased mobility, planning issues and restricted space.

On such trends, the company's shares have to be worth buying. On a fundamental basis, the shares sit on an eye-watering price-earnings ratio of 57.9 times. However, this is a property business with 347p-a-share's-worth of assets and strong and growing cashflows.

Questor is sticking its neck out here and, after years of calling it a hold, it is time to buy.

[torabora] 23/11/2006 19:16

If you like property ,might want to take a look at NORTHACRE. [NTA] pe under 4 , that in my view should fall to under 2 this year.

[bluebelle] 23/11/2006 18:30

Cr4

Thanks. Wish it was always like that but alas...........!!!

[pricemilne5] 23/11/2006 15:10

600p here we come

[cr4zyness] 23/11/2006 11:16

Bluebelle,

You called it spot on well done

[bluebelle] 23/11/2006 11:08

Cr4

I thought that would be the case when, as I posted earlier that MMs weren't dropping the sell price (WINS currently at 560 and USB at 573) but you never know with stocks like this !!!

[cr4zyness] 23/11/2006 11:02

MT,

Looks like the 10am meeting went well!

[m.t.glass] 23/11/2006 10:58

Everything always looks thus to you, old girl - as anyone clicking your name will see ;o)

[holgerl] 23/11/2006 09:57

looks an overripe tomato

[sirhokko] 23/11/2006 09:52

Unfortunately this isn't a very busy board so there is not much information here. so I have a question that perhaps some of you may be kind enough to answer.

I am a a little mystified as so how BYG posts such large profits, which appear to be greater than their revenue. As far as I can tell it is based on the value of their storage properties. Do they revalue their properties regularly and always add any increase to their earnings? Is this normal procedure for all companies as I have not come across it before. Do comapanys like tesco, with large amounts of retail space do the same?

If anyone can explain BYG's earnings model it would be greatly appreciated.

[bluebelle] 23/11/2006 09:41

M.T.Glass - 23 Nov'06 - 09:22 - 58 of 58
As always, the longer and stronger the pre-results rise, the greater the profit for takers to take, should they wish to.


M.T.

Quite agree. Just been looking at level 2 and it seems to me that the selling is mainly PIs taking profits : the lowest MM sell price is 557 and UBS are still at 573. The one thing that could be a concern is if the two 100,000 plus trades are Director sales now that they are out of the close season : rising stocks with thin markets have been punished heavily for Director sales recently. Also, whenever the Chairman / CEO's statement is anything other than ultra bullish, shares in those circumstances tend to be marked down at the moment. In this statement the Chairman points out that the threat to their business is external, but it 's enough to unsettle some people.

Will be interesting to see the analysts reaction.

[m.t.glass] 23/11/2006 09:22

As always, the longer and stronger the pre-results rise, the greater the profit for takers to take, should they wish to. (I have)

Pressing ahead, as they are, towards conversion to REIT status (subject to legal approval) the greater the degree to which they will be regarded as a property co rather than a service co, presumably?

Numbers described as in line with (good) market expectations. Strong rise in cash generation (up 46% ongo-ops). 75% increase in imminent dividend (xd 29 Nov).

Looking further at global expansion of brand on a franchise basis (ie collecting upfront fee and share of revenue but no capital outlay)


Analysts meeting in about half an hour (10am)

[login] 23/11/2006 09:19

Amazing the price is holding up so well