Share Name Share Symbol Market Type Share ISIN Share Description
Lokn Store Grp LSE:LOK London Ordinary Share GB0007276115 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 420.00p 415.00p 425.00p 420.00p 420.00p 420.00p 7,149 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 16.7 4.0 11.0 38.1 123.50

Lokn Store Grp Share Discussion Threads

Showing 1451 to 1475 of 1475 messages
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I think so, but hope not!
Is todays rise just a result of that IC tip?
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.
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.
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...........
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
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!
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.
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
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
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.
Sorry my paper has been thrown away and the answer to Post 1371 is the broker makes the statement and if thought to be a lie then they could open the dealing books......
26 April @ 425p: "This sale was undertaken to satisfy demand for the Company's shares". Is any evidence required in such circumstances ?
could you give a link to the telegraph article anley?
In the meantime the shares have fallen away to 384p and even a mention today in the Daily Telegraph has not helped.................
Those institutions would not have paid 425p unless they were certain that the broker had the right information for them to make a BIG turn............the price prediction of £5+ therefore stands............. We shall wait and see.
Anley I would agree with you. Lok'nStore, the fast growing self-storage Company, is pleased to announce that on 26 April 2017 it sold 491,869 ordinary shares of 1 penny each in the Company ("Ordinary Shares") held in treasury. At the same time, 255,000 Ordinary Shares were sold on behalf of certain directors of the Company (the "Directors"), as detailed below. This sale was undertaken to satisfy demand for the Company's shares, and to improve liquidity going forward. The Ordinary Shares were sold to a range of institutional investors at a price of 425 pence per Ordinary Share. Included in the shares sold by the Directors were 25,000 Ordinary Shares sold by Ray Davies, and 50,000 Ordinary Shares sold by Simon Thomas following exercises by them on 26 April 2017 of options held by them over the same number of shares under the terms of the Company's unapproved share option plan. The options were exercised at 213.50p in the case of Ray Davies and 136.00p in the case of Simon Thomas.
425p may be a bottom as this is the price shares have just been sold by 3 directors as well as exercising stock options and selling those in to the market. I shall watch and may buy in if they fall under 425p.
I see the TIMES this morning are giving the stock a small push...............and one broker is saying that he looking for 510p........
Disappointed by the lukewarm reception to another good set of figures, especially considering the wider market was powering ahead today. Still, it had a good run-up prior to the results, so can't be too unhappy.
Lok'nStore Group Plc, the fast growing self-storage company announces interim results for the six months to 31 January 2017 "Strong balance sheet funds growth strategy and pipeline of 8 new landmark stores" Highlights: Strong trading and cash flow · Revenue £8.34 million up 4.5% (31.1.2016: £7.99 million) · Group Adjusted EBITDA1 £3.31million up 0.5% (31.1.2016: £3.30 million) · Adjusted pre-tax profit2 £2.1 million up 13.5% · Adjusted net profit2 £1.9 million up 81.2% Cash flow growth supports 12.4% dividend increase - progressive dividend policy · Cash available for Distribution (CAD) 3 £2.62 million up 6.5% (31.1.2016: £2.46 million) · Interim dividend 3 pence per share up 12.4% (31.1.2016: 2.67 pence per share) Significant growth in asset value, · Adjusted Net Asset Value (NAV) per share4 up 26.1% to £3.87 (31.1.2016: £3.07) · Total assets up to £142.65 million (31.1.2016: £113.4 million) Strong balance sheet, efficient use of capital, low debt · Sale of 1.975 million Treasury shares raising circa £8 million at 400 pence per share (purchase cost 150.3 pence), a premium to NAV4 · Net debt £16.7 million down 35.3% (31.1.2016: £25.8 million) · Loan to value ratio down to 14.4%6 (31.1.2016: 26.2%) · Extension of existing bank facility by 2 years until January 2023 · Effective cost of debt 1.65% · Rolling 12 month EBITDA 16.2 times net interest Consistent performance in the self-storage business · Core self-storage revenue £7.0 million up 3.9% (31.1.2016: £6.74 million) · Adjusted Store EBITDA £3.857million up 0.1% (31.1.2016: £3.84 million) · Occupied units pricing up 1.0% LFL8 · Unit Occupancy up 4.6% LFL8 Healthy pipeline of new landmark stores - 8 stores in pipeline · 4 new stores to open in 2017 in Wellingborough, Gillingham, Hemel Hempstead and Broadstairs · Plus 4 further new sites identified · Current pipeline adds 30% of extra trading space to the overall portfolio, 18% to our owned portfolio and 70% to the managed portfolio · Following successful completion of Managed Store pipeline will have 10 stores under management . Confident Outlook · The Group is well positioned for future growth Commenting on the Group's results, Andrew Jacobs CEO of Lok'nStore Group said, "With strong trading Lok'nStore's profits continue to grow, as interest costs and taxation also come down. We are investing in the future growth of the business building more new landmark stores. Our low debt allows this rapid development programme to be financed from cash flow and existing bank facilities, while progressively increasing the dividend. "Our new store development programme continues to change the balance of our stores with new and purpose built stores accounting for 64% of the portfolio. The three new stores we opened in 2016 are all trading well and the 4 sites acquired last year for new stores will open in 2017 increasing space by a further 18% and adding impetus to sales and earnings growth. "Our objective is to open more landmark self-storage centres while remaining conservatively leveraged to deliver robust, predictable growing cash flow and dividends from an expanding asset base."
New stores will be up and running before the end of December 2017 and 3% (my guess) general up lift in sales at all the other stores. How aboth £5 per share next Monday...............
would have thought a period of dull like-for-likes is probable since they have opened/are opening a lot of new stores which take time to become occupied?
and so am I and thanks for reminding me that next Monday is results day.
Results are out next Monday - don't think they will disappoint. Well run Company, steady rollout of new sites and still concentrated in the South with plenty of Northwards expansion potential. Personally, I still believe that they are a way in for a US Corporation to gain a foothold in the UK. The US are much more into self storage. "I thought I would look at this BB only to find that the last post was December 2016!!" - sometimes the quieter boards are those of the better quality Companies, deserted by those out for a quick buck! V. happy with my shareholding, anyway.
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