Lok'n Store Share Discussion Threads

[galeforce1] 08/7/2019 14:22

makinbuks - you have to think how difficult and expensive it would be to put together LOK's portfolio from scratch. So for me that justifies a decent premium to book value.

Also, the other self-storage businesses are a lot more expensive. Safestore has a premium to NAV of about 35% I think.

Also, there is always the chance of consolidation in the industry and LOK being bought. We are smaller than Big Yellow and Safestore

[makinbuks] 08/7/2019 12:14

I do love this share and it has been a great performer for me over the years. However, I do wonder about the current valuation. Continuing EPS c. 15p, Dividend 10.5p and NAV £4.85. With the price over a fiver is the growth story all priced in

[anley] 24/5/2019 14:27

Not to be as a few were sold into a tight market............need to wait for next set of news and better markets.

[makinbuks] 29/4/2019 12:55

very fragmented market, cheaply rated compared to peers so becoming a bid target is certainly possible. However, there is ample opportunity for competitors to grow organically before they resort to consolidation so that will probably remain their focus.

Vary positive results statement. Hopefully we will see new all time highs

[anley] 08/4/2019 15:12

Has this company become a BID target?

[pulsey] 29/10/2018 21:13

Another solid set of results and with new stores in the pipeline, it's proving to be a great Business model.




Highlights of Lok'nStore Group plc results 2018

"Impressive growth and expanding new store opening programme"

Robust trading

ü Group Revenue GBP17.75 million up 6.6 % (2017: GBP16.65 million)

ü Group Adjusted EBITDA(1) GBP7.30million up 12.3% (2017: GBP6.49 million)

ü Operating Profit GBP5.71 million up 33.9% (2017: GBP4.26 million) after exceptionals(2)

ü Profit before taxation GBP5.33 million up 34.3% (2017: GBP3.97 million)

Significant growth in asset value

ü Adjusted Total Assets(3) up 18.2% to GBP181.4 million (2017: GBP153.5 million)

ü Adjusted Net Asset Value(4) per share up 15.3% to GBP4.80 (2017: GBP4.16)

Cash flow drives 10.0% dividend increase - progressive dividend policy

ü Annual dividend 11 pence per share up 10.0% (2017: 10 pence per share)

[jeff h] 29/10/2018 09:10

FinnCap:-

"We have raised our NAV-based target price to 609p from 521p, factoring in the latest valuation and rolling forward a year...."

[anley] 11/6/2018 16:43

Even with the two good looking acquisitions to day and a price increase as well.................up my sell to 460p.

[anley] 21/5/2018 17:18

Fast forward to 21 May and the share price finishes at 440p so not to long to go before my sale at 450p..................

[anley] 23/4/2018 10:30

Well the results are out and all seems very poitive BUT not the price down from 410p to 406p as I write................is the market having difficulity in deciding if this company is growing fast enough................????

[anley] 20/4/2018 10:59

I tried and failed to have my order completed this morning so the shortgage of stock bodes well for a price increase based on some solid results.

We shall wait and see as I am looking for a price above 450p.

[anley] 19/4/2018 18:22

@ 400p it is still undervalued on a NAV basis.............we shall wait and see.

[anley] 09/4/2018 15:06

I noticed that the results are due at the end of April so I have put my foot into the market.............let us see what the board has to say and if it keeps to all the past positive figures.

[anley] 13/2/2018 11:39

Solid progress in current stock market terms...........but worth a punt as there can't be too may sellers at 380p............problem is cost - bid/offer/commissions.

[jockthescot] 06/11/2017 14:21

I think so, but hope not!

[makinbuks] 06/11/2017 13:01

Is todays rise just a result of that IC tip?

[martinthebrave] 01/11/2017 11:54

Tipped yesterday in IC by Simon Thomson.

IC View

Shares in Lok’nStore are down from our buy recommendation (409.5p, 15 December 2016) and still trade on a significant discount to net asset value, unlike the large premium of its two main rivals Big Yellow (BYG) and Safestore (SAFE). Buy.

[pulsey] 31/10/2017 08:11

Agree with you. The UK is way behind the US for storage so anyone over there looking to expand could buy into LOK or SAFE to get a foothold.LOK only covers the South and SE so there is still plenty of room for expansion to fund that progressive dividend for a few years yet.Very well managed Company. I was a tenant for a couple of years and HO were always keeping on top of the numbers.

[anley] 30/10/2017 17:08

Walter Hin is the person behind the above http link and he tells us that he has been an investor for 7 years............not a big following and earns a crust by publishing on an USA financial website which is top class.

I don't think he understands the Lok n Store concept which is doing well even if consumers have to keep goods away from the baliffs!!!!!

This company will be taken over sooner than later...........

[walbrock82] 30/10/2017 13:11

Lok n Store depends heavily on property revaluation to keep the share price high. Earnings and revenue are secondary yardsticks.

Right now, the market capitalisation has risen faster than property putting valuation on the high side.
With a lower property revaluation, despite having more property in their portfolio, I feel the shares have raced ahead of a little.

For full analysis of Lok n Store and other companies’ result analysis, click

[anley] 30/10/2017 11:15

I sold many moons ago but looking at the figures I have to say that I have bought back some of my holding this morning..............looking for a 10%+ move or back up to 425p which was the last placing price......remember!

[martinthebrave] 21/9/2017 10:38

Bought back in here today. There seems quite a lot of support around 360p - 370p while Finn Cap's view that NAV was 404p as at 31st July also underpins the share price Results 30th Oct.

[1pvh] 10/8/2017 15:39

The total accumulated deemed uncover-able debts are 185 kI don't think this is a problem considering annual turnover. I suppose a few bad payers is inevitable

[oxie] 09/8/2017 13:17

I wonder if the increase in receivables and the debtor days increase is a trend from 2015/16 into this year. Whilst there is a right to 'sell' debtors goods if they fail to pay I am not sure if this would generally clear the debt. Its not clear how long (ie how big the outstanding amount per account is & at what cost) before this action is taken.

Debtor days has increase over the past five years reported 53 68 76 59 to 113 most recently. I would like an insight to this year's number. I would expect management to have this under control but on the other hand it could it cold ballon quite quickly I suppose.

I will have to wait and see, while I watch the share price

[1pvh] 08/8/2017 11:45

I think the recent share drop provides a buying opportunity here. Good asset level at 387p in last figures.Expanding nicely with owned and managed units. The management team led by the founder Andrew Jacobs has been here for 22years.I've owned the shares for a number of years and have been adding at these levels.