Lok'n Store Share Discussion Threads

[makinbuks] 17/9/2020 14:33

Is this a commercial property company or an operating business?

[jockthescot] 16/9/2020 09:45

I think linked to the wider sector (commercial real estate) non performance Johnv. If it drops much more, I'll almost certainly top up.

[johnv] 16/9/2020 09:12

Constant drift downwards

[makinbuks] 11/8/2020 16:03

Impressive as always, if COVID can't stop the trend what can?

[johnv] 10/8/2020 22:11

Good update

[makinbuks] 05/8/2020 17:37

No argument with that from me

[grabster] 05/8/2020 06:26

Aug 4 2020 Grants to Directors of the Company are detailed below: Director Number of Options Exercise Price Vesting Period Andrew Jacobs 40,000 600.0p 31/07/2025-31/07/2035 Neil Newman-Shepherd 60,000 600.0p 31/07/2025-31/07/2035 Raymond Davies 40,000 600.0p 31/07/2025-31/07/2035 The exercise of these Options is subject to the meeting of certain performance criteria. -Ends-

[grabster] 15/6/2020 15:56

"The pipeline of new stores will add considerable momentum to sales and earnings growth over the medium term allowing further increases in dividends." Nice closing line from this morning's update ;-)

[grabster] 10/6/2020 10:07

09 June 2020 Lok'nStore Group plc ('Lok'nStore' or the 'Company') Director/PDMR Shareholding The Company was notified on 5 June 2020 that Charles Peal, Non-Executive Director, and his wife Antonia have each purchased 7,200 ordinary shares of 1p each ("Ordinary Shares") at a price of 498 and 492 pence per Ordinary Share respectively. Following the purchase, Mr Peal's beneficial interest is 651,422 Ordinary Shares representing 2.2 per cent of the Company's total voting rights. -Ends-

[grabster] 27/4/2020 07:03

Sound results, and minimal damage by Covid-19, looks good going forward.

[grabster] 03/4/2020 08:19

Thanks pireric. Full article: Demand for Self-Storage Spikes in the UK as People Adjust to COVID-19 Reality Though the negative reverberations of the coronavirus (COVID-19) pandemic seem to be nearly endless, there’s some small silver lining for the U.K. self-storage industry, as online searches and customer inquiries for storage rentals surge in the region. According to Google Trends data reported by Storage World, which operates three self-storage facilities in Manchester, England, online searches in the U.K. increased 21 percent in March vs. the same month last year. The spike parallels an upswell in customer inquiries received by Storage World last month, coinciding with stay-at-home orders issued by U.K. officials to reduce the spread of infection, according to a press release. Storage World experienced a 35 percent increase in customer phone calls and a 20 percent bump in overall inquiries last month, compared to the same period last year. Company officials attributed the increase to workers needing to make room for home offices, workout space and other adjustments. “We have certainly seen an increase in the number of storage enquiries since the U.K.-wide lockdown was announced, but we have also seen a significant shift in the type of inquiries we have been receiving,” said Marc Studholme, managing director. “Traditionally, the profile of a storage customer is pretty consistent. We usually have a 50/50 split between domestic and business inquiries. Since the lockdown, it’s more like 90/10, with far more domestic inquiries as people look to make space in their homes.” Studholme believes the shift to working from home could signal a more permanent change for U.K. workers, even once the spread of COVID-19 subsides and businesses resume more familiar operating schedules. “Maybe not today, maybe not next week, but soon, we will all be looking to create space,” Studholme said. “Space that allows us to work from home far more regularly than we ever did before; space in our businesses so people can work, visit, dine or be entertained. Every single business and individual has had to change to adapt to some extent in order to try and cope. The only thing that is certain is that the long-term impact of these changes will be significant and could change the way we live and work forever.” Storage World offers traditional self-storage, which can be customized at no extra cost. It also provides office and warehouse space to local businesses, complete with restroom and kitchen facilities. The company’s portfolio serves Manchester and the neighboring communities of Blackley, Chadderton, Failsworth, Heywood, Oldham, Prestwich, Rochdale, Royton and Whitefield.

[pireric] 02/4/2020 15:44

FYI Https://www.insideselfstorage.com/coronavirus-covid-19/demand-self-storage-spikes-uk-people-adjust-covid-19-reality

[pireric] 02/4/2020 07:43

Encouraging SAFE trading update again today. Snippets below. Again think this combines to mean that self-storage companies are a solid place to hide "All our stores in the UK, Paris, Barcelona and the Netherlands are currently open or accessible but the reception areas are closed, the staffing and opening hours have been reduced and we have removed the provision of services that involve person-to-person contact. Access to our stores is largely automated and, in general, the premises have relatively low footfall. We are supporting our employees with alternative means of transport to work where public transport continues to be a challenge." "Since the Company's AGM and update on 18 March 2020, the Group's key trading performance indicators continue to see a relatively limited impact with 4.92 million square feet of occupied space across the portfolio, a reduction of 0.8% since our first quarter ended on 31 January 2020. "

[pireric] 25/3/2020 09:53

Recovery lagging that (By a distance) of BYG and SAFE. See self storage companies as a relative safe haven in this environment as many are remaining at least part open, plus continue to collect revenues in the interim. Plus have the NAV backstop in the background. LOK's discount to NAV is significant at the moment after this pull lower despite substantial debt facilities and modest LTV gearing.

[pireric] 23/3/2020 15:39

Sales director bought £10k

[grabster] 10/3/2020 16:43

Been and asked. Same customer has booked two more units and reserved a sixth one. They were loading their fourth unit (from two smart RangeRovers) when I was there. Looked like mainly boxes of canned foods plus household chemicals.

[grabster] 10/3/2020 10:33

When collecting my car from garage yesterday, I asked how the newly opened storage facility opposite was looking (it isn't a LOK one). "Quite busy" was response, "Three of the units have been taken by someone stockpiling for the virus scare, and those are now full." Can't help wondering if the same kind of activity might be raising storage demand elsewhere? I don't know if the someone is an individual looking to exploit demand by selling at raised prices, or a shop owner. The units are all 160 sq.ft. containers at £99 pcm, which must appeal as affordable short-term warehousing for these kinds of situation. I have to visit the garage again today so will take a further look.

[grabster] 10/2/2020 16:07

That's 16% above their previous target -

[grabster] 10/2/2020 10:07

80% up on a year ago - but enough in today's update to suggest it should continue rising, in my opinion. Even if it only climbs a quarter of that amount by this time next year I'll be happy.

[bill hickman] 11/1/2020 08:54

At it again Buystock you are a desperate ramper.

[makinbuks] 08/1/2020 12:11

Safestore posted a positive update this week and trades at a 76% premium. The implication is its not being priced as a REIT

[mw8156] 26/11/2019 21:30

they're cheap relative to either Big Yellow or Safestore in terms of premium over NAV but may be all 3 are too expensive? end game might be a take out of Lok by Big Yellow?

[topvest] 25/11/2019 12:34

Aiming for 30% cash now. 27.2% and counting.