Lok'n Store Share Discussion Threads

[topvest] 24/10/2016 17:57

My shares have quadrupled here over 4 years. Very good. Couldn't resist selling half today. Will keep the rest but always nice to have shares with an effective zero cost. It's a really good company but no longer cheap on any valuation metric.

[pulsey] 17/10/2016 08:39

Prelims out


"Impressive performance from landmark stores - with more to come"

Robust growth in asset value and record financial results ahead of expectations

Adjusted Net Asset Value(1) per share up 27.6%
Group Revenue GBP16.06 million up 4.1%
- like for like (LFL) (2) up 7.6%
Group Adjusted EBITDA(3) GBP6.30million up 10.8%
- LFL up 14.0%
Annual dividend 9 pence per share up 12.5% (2015: 8 pence per share)
Cash available for Distribution (CAD) (4) 18.1 pence per share up 17.7%
Net debt down to GBP23.5 million (2015: GBP25.3 million)
Loan to value ratio down to 20.8%(5) (2015: 25.8%)
Self-storage revenue GBP13.44 million up 1.2%
- LFL up 5.1%
Unit Pricing up 2.2 % LFL
Unit occupancy up 2.0% LFL

Document storage profit more than doubles

Revenue GBP2.17 million up 11.1%
Adjusted EBITDA GBP0.59million up 125%

Growth from new stores and more new stores to come
3 Stores opened in Chichester, Bristol and Southampton
4 Sites acquired in Wellingborough, Gillingham, Hemel Hempstead and Broadstairs

New sites will add 14% to trading space


What's not to like? LOK is now 30% of my portfolio thanks to some good gains this year.

[pulsey] 25/4/2016 07:16

Very happy. As an ex customer I've seen first hand how well this is run. There is a tight control on costs and regular reporting at all levels.LOK is now about 15% of my portfolio with no plans to sell up.Good start to the week.

[3rd eye] 25/4/2016 06:52

LOK Lok N Store

Fantastic results.........


LOK Lok N Store.... Record financial results ahead of expectations on all measures

[proactivest] 22/3/2016 15:20

Video interview with Andrew Jacobs



Andrew Jacobs, chief executive of Lok’n Store Group Plc (LON:LOK) says self-storage is “a very attractive business” at the moment.
Speaking to Proactive, he says that the company is “moving ahead at a very reasonable growth rate”, and that he is “very positive” about the company’s trading.
The firm reported robust trading in the first half of its financial year last month, with revenue at its core self-storage business up 5.4% in the half year to end January.

[market sniper1] 25/10/2015 12:01

LOK Lok N Store (storage company)

One which warrants further research, especially looking at the increase in volume on friday. Had good results just recently and not over priced going forward.

[battlebus2] 24/10/2015 22:42

Also tipped in the Midas column this weekends Mail on Sunday.

[konil] 14/11/2014 16:04

hi wan. we first met on this thread in sept 2004 !

i sold out in 2005 but your timing was much better, you sold in 2007.

do you still keep an eye on lok?

if so, do you think there is anything to get excited about at these levels? would appreciate an update on lok if you are still here.

hope you are keeping well and the intervening years have been kind to you.

regards.

[sharesoc] 21/10/2014 17:07

A reminder that LOK'NSTORE will be presenting at our next growth company seminar in London on Thursday if anyone is interested in attending. More details at...

[pulsey] 20/10/2014 08:52

Results out


Revenue GBP13.91 million up 7.2% (2013: GBP12.97 million)
Adjusted EBITDA(1) GBP4.62million up 11.6% (2013: GBP4.14 million)
Net debt GBP25.5 million (2013: GBP22.5 million)
Annual dividend 7 pence per share up 16.7% (2013: 6 pence per share)
Adjusted Net Asset Value per share(2) up 9.6% to GBP2.71 (2013: GBP2.48)

Can't complain. I have storage in the newly opened Maidenhead store and must say that it's managed very tightly at all levels - locally, regionally and from HQ. Seems a very tightly run Company. Main reason I bought into LOK earlier this year.

Up 5% so far - just a shame that that cancels out the 5% decline over the previous month. Hoping for a new base at this level.

[sharesoc] 10/10/2014 15:07

LOK'NSTORE will be presenting at our next growth company seminar in London on the 23rd October if anyone is interested in attending. More details at... hxxp://www.sharesoc.org/seminaroct2014.html

[113mike] 01/8/2014 07:52

Bought in this morning..holding for the long term...GLA

[brindleez] 06/6/2014 21:20

Lok recommended as a buy in shares magazine this week

[pulsey] 13/4/2014 07:30

Monday 9pm BBC2 Real Storage Wars - businesses that have done well in the recession starring my local LOK during build and opening ceremony (Maidenhead)Already hold but have also topped up hoping for some good PR for the company.

[turnerpa51] 20/1/2014 11:01

Great move upwards, clearly helped by the IC article, although I haven't read it, no access

[dashton42] 17/1/2014 15:26

John (Lord) Lee gives LOK a mention in Investors Chronicle, for those with access. His articles are always worth reading:

[topvest] 14/10/2013 20:35

Yes, all looks pretty solid. Happy hold. Housing market strengthening should give them some positive momentum!

[clocktower] 14/10/2013 08:05

Good results posted.

[turnerpa51] 19/9/2013 11:09

More buyers by far again although admittedly volumes are hardly significant, great share already making a decent profit, but as I'm greedy would like more! Cheers

[makinbuks] 18/9/2013 18:11

Lets hope so

[turnerpa51] 18/9/2013 13:49

More buys than sells but low volume, someone knows something perhaps?