Lok'n Store Share Discussion Threads

[makinbuks] 27/5/2021 12:49

Thanks Jeff, I think we saw that effect clearly in the last update, see my post 1463 above

[jeff h] 26/5/2021 12:19

Sounds as if the company is in a great position, occupancy rates rocketing and surely on the back of the high demand LOK will have pushed through price rises. https://www.thisismoney.co.uk/money/bills/article-9616441/Self-storage-service-rocket-price-Covid-home-movers-drive-rents.html

[makinbuks] 06/5/2021 11:46

XD today but no dip in the price

[jeff h] 27/4/2021 10:28

The IC says Buy:- "...A secured pipeline of 13 sites is expected to boost the portfolio space by 38 per cent over the next two to three years. It will also increase the proportion of stores managed on behalf of third parties, which will not only remove the need for the group to commit capital but also bring higher margins than leasehold sites. The shares trade 3 per cent higher than forecast NAV, which leaves them looking good value compared with the far larger premiums attached to peers. Buy...."

[makinbuks] 26/4/2021 11:32

The increase in occupancy was rapid and unexpected. Seems to be linked possibly to the COVID crisis so it may wane a bit over the next couple of years?

[makinbuks] 26/4/2021 11:31

Wow, that quote should be cut and paste into the header!

[jeff h] 26/4/2021 11:25

I been here at 113p since Sep 2012 and have no doubt will still be here for a few more years to come unless the company is bought out. Superb increase in occupancy surely means price increases will be pushed through soon. finnCap conclude their update today:- "..If we assume the pipeline is built and occupancy rises to 85% and prices rise 3% p.a. then we estimate EBITDA will increase by 144% from the £9.7m achieved in FY 2020 and a 1332p share price will be justified"

[1pvh] 26/4/2021 08:22

Excellent long term investment, solid results today growing nicely. Been invested since 2013 at 210p. Still think they're reasonable value at these levels

[stentorian] 20/4/2021 12:49

grabster, Isn't "Gypsy Moth" a name change from Chichester Storage Ltd (the conceit being that Sir Francis Chichester's ketch Gypsy Moth IV was the one in which he single-handedly circumnavigated the world via the Clipper-route)? Chicester Storage is in the accounts.

[grabster] 10/2/2021 14:32

And for some reason the 'other directorships' declaration on the LOK website doesn't show Gypsy Moth hTTps://www.loknstore.co.uk/investors/the-board/ (though it does show The Box Room) A little bit of clarification might be worth asking for. The company announcement stated that similar arrangements exist with other sites - but by the sounds of it, not involving Gypsy Moth. Are any of those other Management/Development arrangements with shared directorship entities? (".. The MSA and DAA are each in substantially the same form and commercial terms as other agreements to which the Group is party in respect of its other managed facilities..."). I've been a fan of LOK for some time, so I would welcome confirmation that all is good in this regard.

[bsdjj] 10/2/2021 14:21

It does make me a little uncomfortable that the directors are involved in a private business the same area. Maybe something to take up with the board.....

[thetwentiestrader] 10/2/2021 13:48

These are very fair points, and as you say the 17% holding does allude to the CEO being aligned with Lok Shareholders. However from an optics perspective it doesn’t look great. I also understand the directors have ownership in other sites - so will be interesting to see future transactions unfold.

[bsdjj] 10/2/2021 13:11

Well interesting to point out but I don't necessary think it is an issue. As far as I can see all the related party information IS disclosed in the RNS and sale prices were independently valued by Jones Lang La Salle and determined as reasonable by the company broker FinnCap.Lok's CEO owns 17% of the equity of both companies so I find it hard to see what the incentive would be to rip off the quoted entity when it is growing fast and is well regarded in the market.

[makinbuks] 10/2/2021 12:02

That is interesting research indeed, not sure why it was not disclosed under the related persons rules

[thetwentiestrader] 09/2/2021 17:52

Hi All, I have written an article for my website, analysing the recent announcements from Lok'nStore. Follow the link below for access: hxxps://www.thetwentiestrader.com/post/closing-the-door-on-lokn-store TT

[grabster] 08/2/2021 08:18

"Under government COVID-19 rules, self-storage businesses have been designated as essential services and are permitted to operate during the lockdowns. We provide storage solutions for many customers in essential services including health care, emergency services and food distribution."

[grabster] 08/2/2021 08:05

RNS Number : 2125O Lok'nStore Group PLC 08 February 2021 ("Lok'nStore", the "Company", "We" or the "Group") Pre-close trading update "Strong revenue and occupancy growth and expanding new store pipeline" Lok'nStore, the fast-growing AIM listed self-storage company, is pleased to provide the following update on trading in the half year to 31 January 2021. Under government COVID-19 rules, self-storage businesses have been designated as essential services and are permitted to operate during the lockdowns. We provide storage solutions for many customers in essential services including health care, emergency services and food distribution. Self-storage is an increasingly integral part of the logistics system within the UK with around 32% of our business coming from commercial customers, many of whom are relying on access to their storage space to continue their essential businesses during lockdown. We have adopted stringent social distancing and hygiene measures to ensure the safety of our customers and staff while continuing to provide this key service. Trading in the first half FY2021 was strong with self-storage revenue up 11.0% on the previous year. At 31 January 2021 unit occupancy was up 24.7%, a gain of 175,897 sq. ft over 12 months. This is a forward indicator of accelerating revenue growth. Occupancy as a percentage of current lettable area was up from 67.1% last year to 81.6% this year. Price per sq. ft. of occupied space was down 2.6% compared to the same date twelve months ago. In supporting our customers, we have chosen not to implement price increases to our existing customers throughout the COVID-19 period. We continue to make significant progress on our new store pipeline of 11 sites and we announced a detailed property pipeline update to the market last Tuesday 2 February. Work has commenced at four of these which are all scheduled to open by the end of 2021 or early 2022. This pipeline of new stores will add considerable momentum to sales and earnings growth over the medium term. More sites for further new store openings are being actively targeted. Interim results will be announced on Monday 26 April 2021. Andrew Jacobs, Executive Chairman of Lok'nStore said: "Since the pandemic started, all of our teams have worked tirelessly to keep our stores open while keeping themselves and our customers safe. As an essential part of the local communities in which we operate, our people have been helping new and existing customers through extremely difficult times. I am proud of, and often humbled by their efforts". "I am pleased to report that occupancy grew by an unprecedented 175,897 sq.ft. up 25% over the previous year and this will feed into further revenue and profit growth in the second half, and into next year. "We have also made significant progress on our new store pipeline, whilst remaining conservatively geared, with four of these currently under construction opening by early 2022. This pipeline of new stores will add considerable momentum to sales and earnings growth in the future." The information communicated in this announcement contains inside information -Ends-

[grabster] 02/2/2021 08:12

Trading Statement coming Monday 8th Feb Meanwhile, ceo Andrew Jacobs says: "The pipeline of new stores will add considerable momentum to sales and earnings growth allowing further increases in dividends."

[bsdjj] 22/1/2021 17:09

Directors keep on buying which is a good sign....

[thewheeliedealer] 26/12/2020 23:38

Hi all, My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days before Xmas and part of our discussion includes LOK which I bought myself the other day. We also chatted about loads of other Stocks and Ideas for research. We discussed the outlook for Markets and the most likely roadmap for the next couple of months, and as usual a fair bit of educational stuff with regards to Investing. Anyway, if you use Youtube, Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 38) and you can find it on Soundcloud at the link below. I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, not like all the stuffy financial fodder you are probably more used to !! Season’s Greetings !! WD @wheeliedealer hTTps://soundcloud.com/user-479955511/conkers3-wheeliedealer-38-takeovers-vla-azn-pfe-bntx-alxn-gsk-cdm-hik-vec-av-futr

[jeff h] 18/12/2020 11:55

Ahhh ok thanks...hope you are right matt!

[matt123d] 18/12/2020 10:33

Just an optimistic target, 900p top of the quarterly triangle. All TA.

[jeff h] 18/12/2020 08:32

Any particular reason for your optimism matt?

[matt123d] 17/12/2020 21:56

Added here over the last couple of sessions. Looking for 900p Q1 2021.

[thewheeliedealer] 08/12/2020 21:31

Hi all, I joined the LOK club today at long last after lusting after the darned thing for years but seemingly never getting around to it. Anyway, I have gone for a small Starter Position so far but expect to be adding as Cash comes available(I have 4 Takeovers on the go at the moment, which is nice) and assuming circumstances don't rule it out (I have some health niggles that are pee*ing me off) then I intend to write a full blog about LOK which always helps me build my conviction and ensure I hang on for the big money rather than chopping in and out like all these Trader types. Anyway, I wrote a bit on my 'Trades' page today on my website and if you follow me on Twitter then no doubt I will be talking more about LOK as things develop. Cheers, WD @wheeliedealer