Lok'n Store Share Discussion Threads

[happyjackal] 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.

[silverfern] 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.

[johnrxx99] 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!

[silverfern] 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.

[vassily] 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"

[hybrasil] 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.

[mitzis] 18/9/2007 08:12

Nothing wrong I guess vas.

[vassily] 18/9/2007 00:24

No need for regret. What's wrong with buying a decent company for less?

[mitzis] 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.

[silverfern] 30/8/2007 23:10

Hybrasil: where's the value in GBR then? Your message about NAVs in property companies is skewed - the balance sheet is not the whole story. I don't hold a position here, but will wait and see when the market regains confidence what the value of it is. But it's way more than £1 as you know.

[hybrasil] 30/8/2007 07:43

sam66
I have never thought this share was good value.
It is only a property company. There are no barriers to entry and I only buy property company shares when they are trading at or below NAV. I accept there may be some (though I stress some) hidden value in the figures.
I made a lot of money in the past from the self storage sector and I like it. But I would not even begin to look at these shares unless they were in the £1 region. I am also a realist and accept at the moment this is unlikely to happen.

[sam66] 20/8/2007 14:56

At almost 1/3 discount to previous highs now would be a good time to buy back shares they possibly dont have the cash it would show some needed confidence as without it the slide down continues !

[mitzis] 20/8/2007 14:55

It will soon if the share price falls to 200p or less.

[mrstock] 20/8/2007 13:07

The company should be buying back its shares in the market not offering its directors free options!

[mrstock] 19/8/2007 15:46

LOK doles out more free money to its directors in its private fiefdom whilst ignoring its shareholders!

Grant of share options



The Company announces that, on 31 July 2007, it granted options over its
1p Ordinary Shares to the following directors:

Director Number of options Exercise price Vesting period

Ray Davies 50,000 213.5p 31/07/2010 to 30/07/2017
Andrew Jacobs 50,000 213.5p 31/07/2010 to 30/07/2017
Simon Thomas 50,000 213.5p 31/07/2010 to 30/07/2017

[vassily] 06/8/2007 21:55

I agree with idea of sub 200p. Perhaps 180p

[mitzis] 06/8/2007 12:28

My reckoning is that if 210p does not hold the share price will fall back sub 200p or lower.

[kdwilson] 03/8/2007 10:18

im back in now - way too oversold on the RSI and MACD charts. All the interest rate fears have been priced into the 26% drop. this seems like a sensible level for a gradual recovery

[vassily] 01/8/2007 21:28

And today.

Any idea what good value is here? Hybrasil says LOK at roughly 4 x net assets. I make it about that also based on the last set of figures. I'm not so keen to regard the '06 66m valuation as price guide; this is market price and we know what can happen to those. Anybody any thoughts?

[vassily] 31/7/2007 21:34

You're right. Just a small drop today.

[johnrxx99] 30/7/2007 03:48

Not a lot at the moment, lol