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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 | |
---|---|---|---|---|---|---|---|---|---|---|
10.00 | 1.18% | 860.00 | 830.00 | 848.00 | 832.00 | 832.00 | 832.00 | 24,523 | 16:35:04 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Business Services, Nec | 28.96M | 4.69M | 0.1420 | 58.59 | 274.96M |
Date | Subject | Author | Discuss |
---|---|---|---|
08/5/2008 17:56 | "As for the price in July 1999 what's that got to do with the price of fish? I'm more interested in the price today and if I think it will increase or decrease." Just pointing out that the company has consistently been a lousy performer. The problem is with management growing the assets to the detriment of the profits. To compound this they are spending company money on their own shares. Stupidity in the extreme. Of course, you may have done better investing in fish. ;-) | mrstock | |
08/5/2008 08:05 | Mrstock, I don't believe I said anywhere it would effect the share price. As pointed out in the article you posted it is just a swap of asset class from cash, to shares. However I do see it as a statement from the management team. They are saying that the company is undervalued by the market and are taking advantage of that point. The current NAV/share of the company is 213p, after the buyback it has increased to 219p. Assuming that they have got the valuation method of the properties correct and that the NAV of the company is correct at £55.5 million then IMO the management is doing the correct thing in buying back it's shares in the market. They could just be compounding the error, if they have got the valuation wrong, by creating more debt for the company. But their gearing isn't massive so I'm happy to take that increased risk. When/if the market realises that the company is undervalued the gain in the shareprice will be larger due to the share buy backs. As for the price in July 1999 what's that got to do with the price of fish? I'm more interested in the price today and if I think it will increase or decrease. Werdna | werdna78 | |
07/5/2008 18:45 | I would remind you all that this stock was at the same price in July 1999. Do you think all the share buybacks have had any effect over the last 10 years? | mrstock | |
07/5/2008 18:39 | actually -- go here to read up ... | mrstock | |
07/5/2008 18:37 | "It's definitley a bold move buying back 3% of the company." Complete waste of money. It has been proven over and over again that this is an idiotic move to make. It has had absolutely no impact on the share price. Money out of your pocket sir. | mrstock | |
07/5/2008 14:24 | It's definitley a bold move buying back 3% of the company. I presume they have utilised some of the unused revolving credit facility to fund the £14.4 million needed. Don't know if they were coming under pressure to use it or loose it. I've had a small punt on them today as I think it looks a good solid business model. The property values appear to be underpinning the share price, but DYOR. I would expect that the properties have been valued at their commercial property values based on rental yields, the interim results just say "full valuation level", so the value should be protected from any fall in the residential property market. | werdna78 | |
01/5/2008 00:58 | Did anyone notice that LOK management bought back 3% of their company? 800,000 shares are back in the treasury. Good news -- for holders. Less dividends have to be paid out. Nevertheless, what does it also suggest? Spare cash? No ideas? They can can sell them back to the market for more in the future? Interesting move. | vassily | |
23/4/2008 22:21 | Reminder: Lok'nStore Group plc Notification of Results Lok'nStore Group plc will be announcing its Interim Results for the six month ended 31 January 2008 on Monday 28 April 2008. | vassily | |
20/4/2008 19:58 | This is the company I have seen on the M3 in a prominent location. Seven locations; six up north; one in Eastleigh, Hampshire. Seems to be looking for some more exposure in the south. Watch out LOK. | vassily | |
08/4/2008 01:16 | How's the long talked about downturn in the UK housing market going to affect LOK? At the current share price it seems that trouble in the housing market has been allowed for, but who knows. It could be argued that if some movement in the housing market should take place then storage could benefit. LOK's profit margins on its older stores remain very good and should offer a buffer in more difficult times. Also the less developed storage sector in the UK is a bonus. In the U.S. there seems to be storage company saturation. I noticed that a smaller firm has started to emulate LOK's storage model. I saw a large store beside the M27 or M3. I forgot the name of the company. Anyone any thoughts? | vassily | |
03/4/2008 09:36 | All the other self store places are putting up prices. It can only help LOK. Maybe they can now use this cash pile in a dropping real estate market. This one is a BUY at this price. | mrstock | |
05/3/2008 23:02 | Moving back towards 200p, but with general negativity around it may not go much higher. A few more locations wouldn't go a miss, but I think LOK will wait for commercial property prices to decline further before purchasing. Their track record suggests caution will prevail in decision-making processes. Attractive trait. | vassily | |
11/2/2008 22:35 | Another 50K shares bought by management. Nice. What's there game? Bolstering the sp? Bolstering their pockets. LOK must be back to 25 mill. shares approx. | vassily | |
07/2/2008 22:50 | Nice to have you back Happyjackal. I did not sell at high, but have been buying now and again since mid '03. I like to steady, boring growth. It suits me. | vassily | |
07/2/2008 09:11 | Yes, I'm here. After having sold out in the 230-250 range (after the fall from the highs), I have now bought back in for a longish-term hold. Management playing this smart and buying back shares at lower prices. Nice. | happyjackal | |
07/2/2008 00:54 | Now that's what I call entertainment. Another 35,000 shares out of the way. Anyone else here? | vassily | |
06/2/2008 02:11 | Another 10,000 bought by LOK. Not bad. Every little helps. Perhaps more dividend in the future. | vassily | |
30/1/2008 23:07 | Nice to see the management buy at these levels. It's good to hear that some of Safestore's stores aren't in good condition. Check the Safestore BB for details. LOK needs competition like that. | vassily | |
10/1/2008 07:59 | On book for £2m - probably worth upwards of £6m. Free money! | silverfern | |
10/1/2008 07:36 | I always said it was a case of when and not if - Planning Permission Granted at Reading - Shrewd capable management at LOK. I am no longer a holder, but LOK remains an impressive little comany. Regards to all Wan | wan | |
09/1/2008 01:14 | As if by magic, two new stores appear. Good news if the two properties were good value. | vassily | |
03/1/2008 23:20 | Does anyone have any news about commercial property prices in the UK. BYG did a lot of their expansion when commercial property prices were higher. Their NAV must be hurting now and into future. Let's hope LOK can expand with lower prices. They have been patient, as have their investors. | vassily | |
06/12/2007 22:49 | Audley's stake grows further. They are confident. | vassily | |
16/11/2007 23:21 | Another small share buy back. A positive, but haven't they got something else to spend the money on? The wait continues for more property. Looks like they are waiting for lower property prices and suitable locations. BYG and SAFE continue to drop, but they had much higher valuations per sq ft in the last year so no surprise in the current risk averse environment. | vassily |
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