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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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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