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LOK Lok'n Store Group Plc

1,110.00
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Lok'n Store Investors - LOK

Lok'n Store Investors - LOK

Share Name Share Symbol Market Stock Type
Lok'n Store Group Plc LOK London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 1,110.00 16:35:06
Open Price Low Price High Price Close Price Previous Close
1,120.00 1,105.00 1,145.00 1,110.00 1,110.00
more quote information »
Industry Sector
REAL ESTATE INVESTMENT & SERVICES

Top Investor Posts

Top Posts
Posted at 20/6/2023 09:47 by makinbuks
hxxps://www.insidermedia.com/news/south-west/self-storage-firm-acquired-by-investor-syndicate?utm_source=southwest_newsletter&utm_campaign=southwest_news_tracker&utm_medium=top_story_article

Private Equity interest in the sector
Posted at 05/7/2021 10:39 by jeff h
Another strong positive update from LOK today, finnCap have a short term share price target of 883p

"Three clear strong share price catalysts:-

(1)Following unprecedented growth in occupancy, to 81.6% from 67.1%, price rises are now likely and will quickly drop down through the P&L, driving profit upgrades.

(2) Valuation yield compression in self storage as an asset class will drive NAV upgrades as property investors recognise its growing attractions compared to the declining attractions of parts of the retail and office sector.

(3) The development pipeline will add 38% to existing space. As new stores open and prove their increasing value and generate cash flow they will drive both profit and NAV upgrades and contribute to the group's continuing conservative financing. Management has today reconfirmed the secured pipeline continues to progress and trading has remained strong in both existing and new stores. We reiterate our view that the shares are substantially undervalued against both prospects and peers...."
Posted at 30/10/2017 17:08 by anley
Walter Hin is the person behind the above http link and he tells us that he has been an investor for 7 years............not a big following and earns a crust by publishing on an USA financial website which is top class.

I don't think he understands the Lok n Store concept which is doing well even if consumers have to keep goods away from the baliffs!!!!!

This company will be taken over sooner than later...........
Posted at 27/4/2017 11:26 by jurgenklopp
Anley

I would agree with you.

Lok'nStore, the fast growing self-storage Company, is pleased to announce that on 26 April 2017 it sold 491,869 ordinary shares of 1 penny each in the Company ("Ordinary Shares") held in treasury. At the same time, 255,000 Ordinary Shares were sold on behalf of certain directors of the Company (the "Directors"), as detailed below.

This sale was undertaken to satisfy demand for the Company's shares, and to improve liquidity going forward. The Ordinary Shares were sold to a range of institutional investors at a price of 425 pence per Ordinary Share.

Included in the shares sold by the Directors were 25,000 Ordinary Shares sold by Ray Davies, and 50,000 Ordinary Shares sold by Simon Thomas following exercises by them on 26 April 2017 of options held by them over the same number of shares under the terms of the Company's unapproved share option plan. The options were exercised at 213.50p in the case of Ray Davies and 136.00p in the case of Simon Thomas.
Posted at 02/11/2016 14:33 by pulsey
These things don't happen instantly. I've no idea how it works, but we could assume that the process was kicked off a while back when the share price was lower. They would have had to fix a price at some point and committed to it. It's only been above £4 for a week or so.

I'm sure that he didn't wake up yesterday and think. "Time to release some shares".
Don't forget that he is a Private investor too, so has a double interest in achieving the best price.

Wish he'd given me first dibs, though.
Posted at 02/11/2016 10:28 by sphere25
Disgraceful behaviour by Andrew Jacobs.

Giving stock away cheap to the institutional fund manglers at the expense of private investors.

460--->400

Really?

Hang your head in shame Jacobs!
Posted at 17/1/2014 15:26 by dashton42
John (Lord) Lee gives LOK a mention in Investors Chronicle, for those with access. His articles are always worth reading:
Posted at 08/3/2011 12:45 by azalea
In September 2010 the IC S.Thompson wrote a full page assessment on LOK ending with the statement "My year end target price is 140p and @ 100p, I rate the shares as a low risk investment". Since then the share price soared to over 142p.

His review on the 14/1/11, included statement "drifted back to 128p on profit taking as some investors will have booked these bumper gains after my original target price was hit". However, "I can see further upside as the shares still trade 30% below July 2010 NAV(after deferred tax)or 42% on an adjusted basis, which is far deeper than for listed rivals Big Yellow or Safestore." I am maintaining my "upgraded price target of 150p", albeit on a six month basis.

Today with the share price circa 104/107p, given S.T. review and with Laxey in the wings with a 29% stake, I think the shares are worth a punt and have bought accordingly.
Posted at 18/10/2010 08:19 by cockneyrebel
Agree scburbs = a few traders jumping today - focussed on the pe only I suspect, as traders do.

I think a few asset loving funds and investors will be buying these tho - little vwomder a director had 50k recently too.

CR
Posted at 13/9/2010 12:28 by envirovision
Investors Chronicle value investors Lok to Store. SIMON THOMPSON: Our companies editor sees significant upside from a small-cap stock in the self storage sector.

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