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 Shares Traded Last Trade
  -5.00 -0.89% 555.00 15,984 12:29:57
Bid Price Offer Price High Price Low Price Open Price
540.00 570.00 560.00 550.00 560.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 18.04 4.69 10.26 54.1 164
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:05 O 200 558.00 GBX

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Lok'n Store Investors    Lok'n Store Takeover Rumours

Lok'n Store (LOK) Discussions and Chat

Lok'n Store (LOK) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-12-02 16:28:06558.002001,116.00O
2020-12-02 14:15:09546.00176960.96O
2020-12-02 13:52:06558.002,68514,982.30O
2020-12-02 13:46:23558.004002,232.00O
2020-12-02 13:29:10559.505,29029,597.55O
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Lok'n Store (LOK) Top Chat Posts

Lok'n Store Daily Update: Lok'n Store Group Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker LOK. The last closing price for Lok'n Store was 560p.
Lok'n Store Group Plc has a 4 week average price of 550p and a 12 week average price of 495p.
The 1 year high share price is 740p while the 1 year low share price is currently 350p.
There are currently 29,583,786 shares in issue and the average daily traded volume is 14,909 shares. The market capitalisation of Lok'n Store Group Plc is £164,190,012.30.
jeff h: 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. Https://
grabster: 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: 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: When collecting my car from garage yesterday, I asked how the newly opened storage facility opposite was looking (it isn't a LOK one). "Quite busy" was response, "Three of the units have been taken by someone stockpiling for the virus scare, and those are now full." Can't help wondering if the same kind of activity might be raising storage demand elsewhere? I don't know if the someone is an individual looking to exploit demand by selling at raised prices, or a shop owner. The units are all 160 sq.ft. containers at £99 pcm, which must appeal as affordable short-term warehousing for these kinds of situation. I have to visit the garage again today so will take a further look.
mw8156: they're cheap relative to either Big Yellow or Safestore in terms of premium over NAV but may be all 3 are too expensive? end game might be a take out of Lok by Big Yellow?
cheshire man: MIDAS SHARE TIPS UPDATE: Storage giant has growth plans all locked up By Joanne Hart for The Mail on Sunday Published: 01:56, 17 November 2019 | Updated: 01:56, 17 November 2019 Directors’ deals can be instructive. When senior management sell shares, that can ring alarm bells. When they buy, it suggests they have confidence in their company’s future. Earlier this month, Charles Peal, a director at self-storage business Lok’nStore, bought almost 100,000 shares at £5.64 each, a purchase worth £550,000. At the beginning of this year, he forked out another £260,000 on Lok’nStore stock, when the price was £4.66. Peal seems to be a smart operator. Lok’nStore shares closed at £6.45 last week so he has already benefited handsomely from his purchases. The share price advance is timely but also well deserved. Full year results to July 31 – released just before Peal’s latest purchase – showed a 10 per cent increase in revenues to £17 million, with profits up 11 per cent to £5 million and the dividend 9 per cent ahead at 12p. Lok’nStore founder Andrew Jacobs seeks out sites in prominent positions and makes sure they are large and colourful so would-be users know where to find them Brokers forecast further growth this year and beyond, with sales, profits and dividends all tipped to deliver robust gains. Lok’nStore has 34 stores but it has a pipeline of 14 more, well located in busy towns and cities across the UK. These are likely to prove popular. Households use self-storage when moving home, downsizing or even to keep stuff they cannot bear to throw away. Businesses use self-storage too, particularly smaller firms looking for somewhere convenient to store stock. Lok’nStore founder Andrew Jacobs seeks out sites in prominent positions and makes sure they are large and colourful so would-be users know where to find them. Occupancy rates are rising and the company increasingly builds its own properties so they are ideally suited to customers’ needs Midas verdict: Midas verdict: Midas recommended Lok’nStore in 2015, when the shares were £3.07. They have more than doubled since then but there should be more gains to come. Peal has been a director since 2007 and clearly believes the stock has potential. Jacobs founded the business in 1995 and still owns 18 per cent of the shares. Brokers believe they should rise to nearly £7. A strong hold.
galeforce1: kreature - Safestore and Big Yellow both trade at bigger premiums to NAV. I can't see a good reason for LOK having a lower premium to NAV than these larger competitors.
galeforce1: Kreature - you have to think about how much it would cost/ how long it would take / how difficult to would be / etc, to assemble LOK's portfolio from scratch. The problems of slow planning permission decisions, very high land costs, shortage of good sites, etc. all conspire to create very high barriers to entry in this business. It's taken the CEO Andrew Jacobs over 20 years to build LOK. And this is a guy who clearly knows what he's doing. It's also a sector that's very likely to see consolidation. LOK is not the biggest operator of self-storage units in the UK. A bid could happen at some point. For me, these things justify LOK's high rating.
anley: Good results and share options at 600p per share = forecast price of shares over the next few years. In my view the shares should be higher except the markets are all over the place so sit tight.
galeforce1: 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
Lok'n Store share price data is direct from the London Stock Exchange
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