Lok'n Store Share Discussion Threads

[thewheeliedealer] 26/12/2020 23:38

Hi all,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days before Xmas and part of our discussion includes LOK which I bought myself the other day. We also chatted about loads of other Stocks and Ideas for research. We discussed the outlook for Markets and the most likely roadmap for the next couple of months, and as usual a fair bit of educational stuff with regards to Investing.

Anyway, if you use Youtube, Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 38) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, not like all the stuffy financial fodder you are probably more used to !!

Season’s Greetings !! WD
@wheeliedealer

[jeff h] 18/12/2020 11:55

Ahhh ok thanks...hope you are right matt!

[matt123d] 18/12/2020 10:33

Just an optimistic target, 900p top of the quarterly triangle. All TA.

[jeff h] 18/12/2020 08:32

Any particular reason for your optimism matt?

[matt123d] 17/12/2020 21:56

Added here over the last couple of sessions. Looking for 900p Q1 2021.

[thewheeliedealer] 08/12/2020 21:31

Hi all,

I joined the LOK club today at long last after lusting after the darned thing for years but seemingly never getting around to it. Anyway, I have gone for a small Starter Position so far but expect to be adding as Cash comes available(I have 4 Takeovers on the go at the moment, which is nice) and assuming circumstances don't rule it out (I have some health niggles that are pee*ing me off) then I intend to write a full blog about LOK which always helps me build my conviction and ensure I hang on for the big money rather than chopping in and out like all these Trader types.
Anyway, I wrote a bit on my 'Trades' page today on my website and if you follow me on Twitter then no doubt I will be talking more about LOK as things develop.

Cheers, WD
@wheeliedealer

[jeff h] 03/12/2020 17:35

New Warrington store progressing:-

[grabster] 23/11/2020 19:27

goes XD this Thursday 26th.

[makinbuks] 18/11/2020 16:16

Safestore reported today, looked unspectacular but positive to me. 5% revenue growth and improved margins. Surprised we didn't nudge higher as a result. Definitely under the radar as you say

[jockthescot75] 17/11/2020 11:46

it's definitely under the radar. Big Yellow announce results later this week don't they?

[makinbuks] 17/11/2020 10:50

Hope youre right but why?

[shammytime] 17/11/2020 09:40

Everything looks in place for a good rise here. I expect 700p by end of the year

[makinbuks] 05/11/2020 12:18

Seems to be suffering as its viewed as part of the property sector. The growth story is ignored

[jeff h] 03/11/2020 13:25

finnCap

"...Target price raised from 768p to 865p. Our updated target price of 865p is
calculated applying the same 56% premium to historic NAV at which peers Big
Yellow and Safestore are currently valued. We continue to believe a premium is
justified by the growth potential in an undersupplied market where a track record of
securing, developing and growing stores is key...."

Peel Hunt:_

Peel Hunt has upgraded self-storage group Lok’nStore (LOK) after it delivered impressive full-year results against a difficult backdrop.

Analyst Sebastian Isola lifted the stock from ‘add’ to ‘buy’ with a target price of 650p on the stock, which closed 4.8%, or 25p, up at 550p after the annual report showed ‘resilience’.

‘Lok’nStore has delivered an impressive set of results. Cash earnings are up 12%, well ahead of our estimate and the well-covered dividend increases once again by 1p,’ he said.

Isola upgraded his forecasts as trading has been positive since the financial year-end but the shares still trade at a 6% discount to net asset value, and ‘a material discount to peers’.

‘[The shares] enjoy the potential for very significant earnings progression via the growing pipeline of new landmark stores,’ he said.

[makinbuks] 17/9/2020 15:33

Is this a commercial property company or an operating business?

[jockthescot] 16/9/2020 10:45

I think linked to the wider sector (commercial real estate) non performance Johnv. If it drops much more, I'll almost certainly top up.

[johnv] 16/9/2020 10:12

Constant drift downwards

[makinbuks] 11/8/2020 17:03

Impressive as always, if COVID can't stop the trend what can?

[johnv] 10/8/2020 23:11

Good update

[makinbuks] 05/8/2020 18:37

No argument with that from me

[grabster] 05/8/2020 07:26

Aug 4 2020

Grants to Directors of the Company are detailed below:


Director Number of Options Exercise Price Vesting Period
Andrew Jacobs 40,000 600.0p 31/07/2025-31/07/2035
Neil Newman-Shepherd 60,000 600.0p 31/07/2025-31/07/2035
Raymond Davies 40,000 600.0p 31/07/2025-31/07/2035

The exercise of these Options is subject to the meeting of certain performance criteria.

-Ends-

[grabster] 15/6/2020 16:56

"The pipeline of new stores will add considerable momentum to sales and earnings growth over the medium term allowing further increases in dividends."


Nice closing line from this morning's update ;-)

[grabster] 10/6/2020 11:07

09 June 2020

Lok'nStore Group plc ('Lok'nStore' or the 'Company')

Director/PDMR Shareholding

The Company was notified on 5 June 2020 that Charles Peal, Non-Executive Director, and his wife Antonia have each purchased 7,200 ordinary shares of 1p each ("Ordinary Shares") at a price of 498 and 492 pence per Ordinary Share respectively.

Following the purchase, Mr Peal's beneficial interest is 651,422 Ordinary Shares representing 2.2 per cent of the Company's total voting rights.

-Ends-

[grabster] 27/4/2020 08:03

Sound results, and minimal damage by Covid-19, looks good going forward.

[grabster] 03/4/2020 09:19

Thanks pireric.
Full article:

Demand for Self-Storage Spikes in the UK as People Adjust to COVID-19 Reality


Though the negative reverberations of the coronavirus (COVID-19) pandemic seem to be nearly endless, there’s some small silver lining for the U.K. self-storage industry, as online searches and customer inquiries for storage rentals surge in the region. According to Google Trends data reported by Storage World, which operates three self-storage facilities in Manchester, England, online searches in the U.K. increased 21 percent in March vs. the same month last year. The spike parallels an upswell in customer inquiries received by Storage World last month, coinciding with stay-at-home orders issued by U.K. officials to reduce the spread of infection, according to a press release.

Storage World experienced a 35 percent increase in customer phone calls and a 20 percent bump in overall inquiries last month, compared to the same period last year. Company officials attributed the increase to workers needing to make room for home offices, workout space and other adjustments.

“We have certainly seen an increase in the number of storage enquiries since the U.K.-wide lockdown was announced, but we have also seen a significant shift in the type of inquiries we have been receiving,” said Marc Studholme, managing director. “Traditionally, the profile of a storage customer is pretty consistent. We usually have a 50/50 split between domestic and business inquiries. Since the lockdown, it’s more like 90/10, with far more domestic inquiries as people look to make space in their homes.”

Studholme believes the shift to working from home could signal a more permanent change for U.K. workers, even once the spread of COVID-19 subsides and businesses resume more familiar operating schedules. “Maybe not today, maybe not next week, but soon, we will all be looking to create space,” Studholme said. “Space that allows us to work from home far more regularly than we ever did before; space in our businesses so people can work, visit, dine or be entertained. Every single business and individual has had to change to adapt to some extent in order to try and cope. The only thing that is certain is that the long-term impact of these changes will be significant and could change the way we live and work forever.”

Storage World offers traditional self-storage, which can be customized at no extra cost. It also provides office and warehouse space to local businesses, complete with restroom and kitchen facilities. The company’s portfolio serves Manchester and the neighboring communities of Blackley, Chadderton, Failsworth, Heywood, Oldham, Prestwich, Rochdale, Royton and Whitefield.