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Lok'n Store Group Plc

0.00 (0.0%)
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
  0.00 0.0% 890.00 6,408 16:29:59
Bid Price Offer Price High Price Low Price Open Price
890.00 902.00 904.00 882.00 890.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Storage,warehouse,support Serv 28.65 12.08 40.30 22.25 267.03
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:25 UT 660 890.00 GBX

Lok'n Store (LOK) Latest News

Lok'n Store (LOK) Discussions and Chat

Lok'n Store (LOK) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Lok'n Store (LOK) Top Chat Posts

Top Posts
Posted at 11/5/2023 17:11 by johndoe23
Nice small share sale
Posted at 13/2/2023 12:14 by kalai1
Lok’nStore Group plc issued a solid trading update for the six months to 31 January 2023. Same store revenue was up 10.3%, price per square foot was up 9.2% with Net Asset Value expected to be broadly unchanged from the £9.72 per share at the end of FY22. There has been a significant development of new store pipeline, which when developed will add 48.8% to owned trading space. So there is plenty of expansion ahead. The business has seen some cost pressure specifically in the areas of business rates and energy, but management expect the rate of cost growth to return to more normalised levels in due course. Valuation is unhelpful with forward PE ratio over 30x, PS ratio over 10x and PB at 1.41x. All are comfortably bottom quartile for the sector. Share price also lacks momentum for now. One to monitor for the time being...from WealthOracle


Posted at 31/10/2022 15:13 by babbler
should have let a share like this run...
Posted at 19/5/2022 14:03 by ram376s
Holding LOK .300 nurses to train with GDR new game changer test .Anticipated news . Multibag possible .
Posted at 22/2/2022 17:58 by km18
...from last year...

Company overview:
LOK is a self-storage company based in the UK, with a total of 36 stores (as of 31/01/2021) MLA sq. ft. of 1.817m. Company’s strategy is focused on providing the best price possible, with the possibility for the client to hassle based on quotes from competition. Growth over the past few years is fuelled by acquisitions of new freehold sites and strategic recycle of old and unprofitable assets into a new pipeline of expansion projects, further supported by a large banking facility expiring 2024. The gearing of the company has increased over the last 3 years following these activities to 44.6% mainly with long term obligations.
The interim results for the period ending 31/01/2021 were quite positive, group revenue was up by 13.9%, at £10.21m channelling a healthy 17.3% growth in EBITDA at £5.5m. Strong cash performance supported 8.25% increase in interim dividend to 4.33 pence. Strong trading was evidenced by “unprecedented occupancy growth” of 24.7%. In the latest update, company saw again increased occupancy at 85.8% and year end pricing went up by 8.7%. Pre-close trading seems to be strong, with 20.9% growth in revenue compared to same period last year. Good news are coming also from LOK’s new store pipeline, details for which can be found below. The company has managed to secure 5 planning permissions and continue to deliver on their plan to increase trading space by 38% and operate 50 stores....

...from WealthOracleAM

Posted at 07/2/2022 11:18 by mw8156
Finncap only updated Nav marginally which has been reflected thus far in a small rise in the share price,
Posted at 21/1/2022 16:48 by makinbuks
Consolidation in the sector has often been muted but nothing ever happens. LOK seems obvious because it trades at a discount to rivals. I think its probably still cheaper to grow organically than to buy out rivals. Also not clear what value to ascribe to the intangibles, the name the logo the brightly, coloured buildings etc. Is that part of what you buy and delivers value or do you just want the space?
Posted at 02/11/2021 11:02 by jeff h
Peel Hunt upgrades Lok’nStore after ‘stellar’ results

Peel Hunt has upgraded self-storage provider Lok’nStore (LOK) following a ‘stellar performance’ and a change to its dividend policy.

Analyst Sebastian Isola upgraded his recommendation from ‘add’ to ‘buy’ and increased the target price from 780p to 950p on the stock, which closed up 2.6%, or 22p, at 857p on Monday.

The company delivered an ‘excellent’ set of full-year results, with net asset value up 32% and dividends up 15%, said Isola.

‘This represents Lok’nStore’s 10th consecutive year of dividend increases and a step-change in the dividend policy as the company looks to accelerate the dividend growth,’ he said.

‘The pipeline remains extensive with the potential to add 38% more trading space over the next three years and with the balance sheet in excellent shape the company has ample headroom to deliver this.’


Posted at 09/8/2021 10:42 by jeff h
Yes, excellent trading update guys and very pleasing to see the occupancy rate continuing to rise, as well as price increases (as I previously suggested) - prices up 8.7% at 31/7/21 compared to -2.6% as at 31/1/21. The forthcoming results and outlook with price and occupancy increases as well as the additional new stores looks very strong.

finnCapp say:-

In a positive year-end trading update, Lok’nStore has confirmed trading has remained strong with self-storage revenue up +20.9% on last year (ahead of our forecast of +13%). This represents a near doubling of the +11% H1 growth rate and was driven by a significant increase in occupancy (+26% monthly average and +35.3% at the period end) and stable prices (+0.4% monthly average and +8.7% at the period end). With high operational gearing a key feature of self-storage, this strong sales growth suggests upgrades to our P&L forecasts are coming and the July 2021 portfolio valuation will drive a material increase in NAV. We reiterate our view that there are three clear, strong share price catalysts:

(1) price rises, dropping quickly through to profits;
(2) valuation yield compression as self-storage as an asset class increasingly proves its attractions; and
(3) new store openings supporting long-term growth, with the current pipeline set to add 38% to space. We have updated our valuation model, which applies the same premium to historic NAV as peers, and have raised our target price from 883p to 986p (32% upside).

Posted at 05/7/2021 10:39 by jeff h
Another strong positive update from LOK today, finnCap have a short term share price target of 883p

"Three clear strong share price catalysts:-

(1)Following unprecedented growth in occupancy, to 81.6% from 67.1%, price rises are now likely and will quickly drop down through the P&L, driving profit upgrades.

(2) Valuation yield compression in self storage as an asset class will drive NAV upgrades as property investors recognise its growing attractions compared to the declining attractions of parts of the retail and office sector.

(3) The development pipeline will add 38% to existing space. As new stores open and prove their increasing value and generate cash flow they will drive both profit and NAV upgrades and contribute to the group's continuing conservative financing. Management has today reconfirmed the secured pipeline continues to progress and trading has remained strong in both existing and new stores. We reiterate our view that the shares are substantially undervalued against both prospects and peers...."

Lok'n Store share price data is direct from the London Stock Exchange
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