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LOK Lok'n Store Group Plc

850.00
0.00 (0.00%)
Last Updated: 12:30:16
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lok'n Store Group Plc LSE:LOK London Ordinary Share GB0007276115 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 850.00 830.00 848.00 - 24,341 12:30:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 28.96M 4.69M 0.1420 59.86 280.9M
Lok'n Store Group Plc is listed in the Business Services sector of the London Stock Exchange with ticker LOK. The last closing price for Lok'n Store was 850p. Over the last year, Lok'n Store shares have traded in a share price range of 626.00p to 930.00p.

Lok'n Store currently has 33,047,502 shares in issue. The market capitalisation of Lok'n Store is £280.90 million. Lok'n Store has a price to earnings ratio (PE ratio) of 59.86.

Lok'n Store Share Discussion Threads

Showing 1176 to 1197 of 1625 messages
Chat Pages: Latest  53  52  51  50  49  48  47  46  45  44  43  42  Older
DateSubjectAuthorDiscuss
01/11/2007
21:55
'It's a badly run company which ever way you look at it ...'

A bit harsh.

vassily
31/10/2007
18:28
Why can't it be a property company and a self storage company?

Because if it is a property company, it's not going about it in the right way and could be using its cash much more effectively to develop property sites. Can't have it both ways. It's a badly run company which ever way you look at it and need to be taken out by another company with some experience here.

mrstock
30/10/2007
21:56
Why can't it be a property company and a self storage company? If you examine the profit margins (hidden because the company is still growing), but alluded to in the reports, you find it's a property and self storage company with potential. I guess that is why the share price is 2 pounds not 50p.
vassily
30/10/2007
12:12
Thank you HappyJackal!

The real question is whether you think LOK is a property company or a self-storage company.

Exactly!

Overall I'd class LOK as a relatively safe haven for your money albeit not very exciting.

Precisely!

Depends on your investment appetite and whether you're happy to see a return of 10-30% in the next 12-24 months, or you want to double your money by Xmas. IMHO LOK is the former.

Excellent analysis.

Once again, unless there is a serious dividend payout structure to be announced in the near future, investing in this company is simply speculating on commercial property.

DON'T ever forget that this company was price at just less than 180p after listing (I say priced, not worth) and it has performed abysmally ever since.

There's going to be somebody commenting now about the huge increase in asset value ( wan ?) but frankly that ain't gonna pay the bills. There are plenty of very smart fund managers out there who fail to see what can be exciting about this stock. It has precious little growth and is at present IMHO merely a parking place for a bit of money, sadly not institutional money as the mkt cap is too small. Do yourself a favour and get some housebuilders at almost rock bottom prices if you want to play property. Or get some British Land which has fallen as far, actually pays a proper dividend and has actually given the investors some decent return over the same period that LOK has been in business.

On the other hand, I could be wrong and this company will return 20% pa compound over the next 20 years. ;-)

mrstock
30/10/2007
07:43
No time to buy..
mitzis
30/10/2007
01:36
hj:
Yes, good results.
Over the long term, the chart indicates a steady growth in share price
I have held and accumulated since 2003. I will continue to do so. It's a boring company, but you get a reasonable return. And now a dividend.

vassily
29/10/2007
10:09
Good solid set of results. I've held these for a few years, but sold out earlier this year. Despite the gloom in property sector, I have decided to re-enter.
happyjackal
23/10/2007
21:32
No momentum, no surprise.
vassily
23/10/2007
06:01
Momentum Investor dropped coverage last week.
johnrxx99
22/10/2007
21:21
Results come out this time next week. Will the price rise a little?
vassily
15/10/2007
21:28
Bought a few more today as price moved toward 2 pounds.
I'm happy with the steady progress of LOK.

Edit: I will add if decline continues. Will it continue?

vassily
08/10/2007
02:21
The market is not perfect. LOK is associated with property as that is what it rents. At the moment property is going through a hard time. The US will take years to unravel as we did 1988 to 94. It took us 5 years to bottom. Commercial went first then residential but that is no fixed order.

We have had a good run both residential and commercial. If credit is to be tight, the latter will pull back new development until the economy supports higher rental levels to pay for the cost of money. If you can't borrow you cant build. Are rental levels holding up - dunno as I've been out of that market for years.

For me, LOK will be associated with this cos the market is a herd whatever they pay the analyists to think otherwise. LOK should come back as it's been slaughtered recently but agree with the jackal on returns for the moment.

johnrxx99
07/10/2007
19:39
The real question is whether you think LOK is a property company or a self-storage company. The forecast for commercial and residential property is looking a little weak for the next couple of years, but actually I'm not sure it matters much to LOK. Self storage continues to look positive regardless of the property market. Overall I'd class LOK as a relatively safe haven for your money albeit not very exciting. Depends on your investment appetite and whether you're happy to see a return of 10-30% in the next 12-24 months, or you want to double your money by Xmas. IMHO LOK is the former.
happyjackal
05/10/2007
07:03
DYOR and come to your own conclusion - who puts stuff in LoknStore? PEople who are moving. IF domestic property falls is it,likely commercial property will hold up. I dunno John, you tell me.
silverfern
05/10/2007
02:53
What have the Tories and stamp duty got to do with it please? They are talking about residential property and they have no hope of getting back this side of longterm!
johnrxx99
04/10/2007
12:29
Hybrasil - thanks for the reply. I understand banks are now expecting an interst rate fall (or at least that the cycle has peaked) and of course there's the tory promise about stamp duty. ON that basis, I might get in here ahead of results.
silverfern
30/9/2007
16:38
Steady and opportunistic growth. Nice.

"The current market circumstances may provide a useful buying
opportunity for strong operating businesses like Lok'nStore as property
investors retreat from the market"

vassily
27/9/2007
08:39
Silverfern
Sorry I have only just seen your post.
I have different rules for investing in property companies as opposed to trading companies.
As to GBR have a look at its share price performance since your august post.It has a long way to go with young ambitious directors. I hope to go and see a few of their shops in the near future.
On property it should drop back quite a bit. Assets which for a long time were undervalued have now probably reached the stage of being overvalued.Look at warner for example. Its share price of approx £4.80 has almost halved. They have assets of £7.70.

hybrasil
18/9/2007
08:12
Nothing wrong I guess vas.
mitzis
18/9/2007
00:24
No need for regret. What's wrong with buying a decent company for less?
vassily
17/9/2007
09:38
Where to LOK now good question the latest sell-off indicates a fall back to 180p shame as this is a decent company.
mitzis
31/8/2007
11:54
lol mrstock.
mitzis
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