Lok'n Store Share Discussion Threads

[azalea] 08/3/2011 14:08

I see your 3k- shown by hemsctt as an indicated 'sell', but have yet to see my buy of 2400 @ 104.45p, in any shape or form.

[envirovision] 08/3/2011 13:17

I would suspect someones trying to sell a fairly large block. I just managed to grab 3000 at £1.0375. I would normally go for 10K at least but have scaled back due to the weak markets and in case its possible to pick any up for less later on. However we are approaching the bottom of a rising trend channel here, so it would seem pretty stupid not to be involved in accumulating now.

imo:

[azalea] 08/3/2011 12:50

sco77harris
Not that I am aware of.

[sco77harris] 08/3/2011 12:47

is there any reason for this drop?

[azalea] 08/3/2011 12:45

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.

[scburbs] 17/2/2011 10:54

Good Q1 trading statement from Safestore out today.

[scburbs] 18/1/2011 08:02

Good set of results out from Safestore.

"As at 31 October 2010, Safestore's property portfolio was valued at £687.2 million, up 6.1% since October 2009" [up 1.2% in first half so stronger growth since 30 April]

"· Strong performance across the Group

· Average rental rate at record levels at £25.55 per square foot ("sq ft")

· Closing occupancy at record level of 2.94 million sq ft, up 168,000 sq ft, an increase of 195% over the growth delivered in FY2009

· Ancillary sales up 6.1% to £12.2 million

· Higher levels of enquiries and new lets from both business and domestic customers"

[rockafella2] 13/1/2011 15:59

Latest note on LOK -

[scburbs] 15/12/2010 20:58

Good innovative development JV announced today allowing expansion at reduced risk. Share price responded well.

[sunseeking] 07/12/2010 13:19

Finance director buys a few, I also saw it tipped in one of the share mags.
Added some today myself - should go down now!!!

ss

[cockneyrebel] 18/10/2010 08:20

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

[cockneyrebel] 18/10/2010 08:19

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

[scburbs] 18/10/2010 07:52

NAV up and good operational improvements. Does a company which is less than 30% LTV geared and performing well really warrant a 40+% discount to NAV?

"Adjusted NAV* £2.24 per share up 8.2% (2009: £2.07 per share)

Operational Highlights

§ Occupancy 583,531sq ft up 4%

§ Prices for self-storage space up 4.9%

§ Ancillary income up 11.6%

§ Operating Costs £7.3 million down by 0.2%

§ Cost of Sales down 20.4%

§ Store EBITDA £4.42 million up 12.9% (2009: £3.9 million)

§ Store EBITDA margins ('same stores' over 100 weeks) up to 44.2% (2009: 42.9%)

§ Overall Store EBITDA margins up to 42.6% (2009: 39.6%)"

[cockneyrebel] 18/10/2010 07:51

trading miles under tangible NAV, back in profit and paying a divi - nice mark-up at the open :-)

CR

[cockneyrebel] 08/10/2010 14:24

About to break out imo.

CR

[santangello] 05/10/2010 17:54

I for one am looking forward to the 18th........

[santangello] 04/10/2010 20:30

Nice to see you on board CR.........

[cockneyrebel] 04/10/2010 18:29

Results on the 18th.

CR

[santangello] 04/10/2010 18:01

Simmering nicely, with pre results buyers due now, and a bid in the wings ?????

Be VERY interesting to see the revised NAV figure.

Bargain at these levels.....

I added again today.

[scburbs] 14/9/2010 10:18

Good to see this one breaking out. Some form of corporate action must be expected with Laxey just shy of 30%.

[envirovision] 13/9/2010 18:01

OK I read it, hes just saying Laxey Partners may launch a bid and whats more Duart Capital Management could be in on the act and more over its likely the NAV will be re-stated as £1.79 in the November results and aside from that results should be pleasing in any case.

[envirovision] 13/9/2010 14:40

I dont have Simon Thompsons full article has anyone got it?

[cockneyrebel] 13/9/2010 13:25

Nice break out - 125p test next on the chart :-)

CR