Lok'n Store Share Discussion Threads

[wan] 09/1/2006 07:15

Looks like we had a healthy pull back at the end of last week, so it will now be interesting to see if that is capitalised on or ignored. I note that continued demand for BYG shares has taken them to a new 5 year high, and BYG should be announcing a trading update either this week or next.

In my opinion only, we are now in the last period for pre conclusion of Kingston, and I am keen to get a handle on the company's intended plans for Reading.

With a variety of funds literally brimming with cash and looking for a 'specific' home's in perhaps 'alternative' asset classes within the property sector, so the shares might well be supported further ahead of what will be a very interesting year.

The introduction of RIET's is perhaps also lending further attraction/support for the 'limited' public self storage sector, a sector predicted for long term high growth. A reminder of my previous thoughts, which perhaps makes the 'alternative' case mentioned above? -


It was the assets combined with reliable income stream and in particular the yield, that I believe will make self-storage portfolio's attractive to REIT's, where as traditional commercial property yields have fallen, self-storage can produce higher yields. What gives LOK's shares further attraction, and another interesting slant 'over and above' the income stream/yield, is the residential planning permission already gained on Kingston (also mentioned in the IC article) and residential PP potential for Reading. Because REIT's are also allowed to generate up to 25% of revenue from development, although I believe the Inland Revenue will allow that to peak above that threshold, as it will be difficult to precisely pin down, but REIT's will be seen as 'targeting' that type of split ie 75/25.(end)

Anyone interested in how certain types of funds are literally brimming with cash 'recently' raised and just completed, will be interested in the following -

Demand boost for property funds -

[wan] 03/1/2006 09:43

Once again level 2 is showing strength on very low volume, bodes well. The chart is indicating a nice, and hopefully new phase of direction too ;-)

[wan] 30/12/2005 16:25

Kt...Yes duly noted, either that sell order was holding back the price, or we could get another announcement of an increased holding, or indeed if the purchaser is now holding less than 3% no notification ahead of any further purchases? Anyway given the strength of level 2 and subsequent T trades etc, someones appetite appears not yet satisfied.

LOK have their first newly built store opening in January, and BYG usually give a trading update in the second half of January. Conclusion of Kingston in the pipline? Or even a new Reading scheme? Time and further patience will tell.

Regards, wan

[kievtrader] 30/12/2005 09:26

Lets hope for quick upward action early in New Year. RNS announcement regarding institution selling 175000 shares. Who has picked them up - potential bidder? KT from Kyiv

[wan] 30/12/2005 09:18

Stirring again on no visible volume, strength of level 2 on no volume is notable, expect delayed and/or protected trades to follow then?

[wan] 21/12/2005 12:28

Certainly something has stirred interest here. More delayed trades coming through, quite high volume historically and there might yet be more to come.

[vassily] 21/12/2005 09:29

Now its gone up 1.5p but no buyers or sellers. It's a delayed reaction. I get it. :)
V

[wan] 21/12/2005 08:51

I see yesterday that at least one protected trade has materialised, fwiw I will not be surprised to a few more.

[vassily] 20/12/2005 16:09

How is it possible that for 180K of share are bought by various individuals, with no sells, and share price goes down 1p? Does not seem like a market place to me.
V

[wan] 19/12/2005 07:20

I was out for most of the afternoon on Friday. I note we had some action, a market maker buy and broker trade etc. It might then be interesting to watch for delayed and protected trades over the coming days, which might be an early indicator of the interesting year ahead that I mentioned previously.

[wan] 16/12/2005 07:38

A good article regarding REIT's in the IC (which concur with my previously posted thoughts) where LOK is among only two companies specifically covered and mentioned as likely bid targets.

So, many property groups - from large listed players intending to become Reits to existing foreign Reits - will be looking for portfolios of property with reliable revenue streams. (I think Subscription is req) -


It was the assets combined with reliable income stream and in particular the yield that I believe will make self-storage portfolio's attractive to REIT's, where as traditional commercial property yields have fallen, self-storage can produce higher yields. What gives LOK's shares further attraction, and another interesting slant 'over and above' the income stream/yield, is the residential planning permission already gained on Kingston (also mentioned in the IC article) and residential PP potential for Reading. Because REIT's are also allowed to generate up to 25% of revenue from development, although I believe the Inland Revenue will allow that to peak above that threshold, as it will be difficult to precisely pin down, but REIT's will be seen as 'targeting' that type of split ie 75/25.

2006 could be a very interesting year ;-)

[pgetty] 09/12/2005 08:54

Thanks for all the information wan.

[wan] 09/12/2005 08:24

According to LOK's website they have opened the new centre at Crayford, and next month the Farnborough store open's, LOK's first purpose-built centre. Both centres will add 128,000 sq. ft.

[wan] 06/12/2005 07:22

Key parts of the PBR speech -

To provide land for new homes, while protecting and improving the environment, he is asking local authorities to bring forward more brownfield areas for development. Where proposed new housing is of high quality meeting the design code, local authorities will be obliged to accelerate planning consent.(end) Cue Reading?

We know that shared equity has an increasing role to play in helping young couples in all our constituencies get on to the first rung of the housing ladder, and I can tell the House how we plan to extend shared equity schemes.
I can announce that three of the biggest building societies and banks have joined the Government as partners in shared equity; that building companies, including four of the biggest builders, are also now able to offer shared equity purchases; that we are now in discussions with investment companies on their possible involvement; and that we see a future role for housing associations in extending shared equity. (end)
Would suit develoments at Kingston and Reading?


To widen the number of investors in the residential and commercial property markets, we will this month publish legislation to set up in Britain Real Estate Investment Trusts that will increase the funding of new property developments. (end)
Makes LOK's high yield assets look attractive?

Full extract regarding housing,planning and REIT's -

Our third economic challenge is to make more affordable housing available for the rising number of families seeking homes.
In the last eight years low inflation and low interest rates have given homebuyers the lowest mortgage rates for 40 years and there are one million more homeowners now than in 1997.
But to build more affordable homes of high quality in strong communities, Britain must – as the Barker Report recommended – put in place long term reforms in planning, land use, the competitiveness of the construction industry and infrastructure in both the private and social sectors
The Deputy Prime Minister is today responding to the joint representations from the CBI, the Town and Country Planning Association and Shelter, and publishing new planning guidelines that seek to bridge the gap between the 150,000 new houses we build each year and the 190,000 new households, and in particular to build houses that young couples can afford.
To provide land for new homes, while protecting and improving the environment, he is asking local authorities to bring forward more brownfield areas for development
Where proposed new housing is of high quality meeting the design code, local authorities will be obliged to accelerate planning consent.
The construction industry must also rise to the challenge of building more homes and investing in skills.
To widen the number of investors in the residential and commercial property markets, we will this month publish legislation to set up in Britain Real Estate Investment Trusts that will increase the funding of new property developments.
And because our aim is to build not just homes but communities: to fund the new roads, schools, hospitals and infrastructure that convert estates into genuine communities, building on the recommendation of Kate Barker, we are today publishing for consultation proposals for a local planning gain supplement to give local authorities a fair share of planning gains to invest locally.
Investment in social housing has almost doubled since 1997 but will have to rise further. And we are announcing pilot projects today to encourage local authorities to bring derelict sites back into use and build more new housing for rent.
We know that shared equity has an increasing role to play in helping young couples in all our constituencies get on to the first rung of the housing ladder, and I can tell the House how we plan to extend shared equity schemes.
I can announce that three of the biggest building societies and banks have joined the Government as partners in shared equity; that building companies, including four of the biggest builders, are also now able to offer shared equity purchases; that we are now in discussions with investment companies on their possible involvement; and that we see a future role for housing associations in extending shared equity.
Our aim: a new consensus across our country on the extension of homeownership and affordable housing – public and private sectors working and investing together to strengthen our economy, protect the environment and meet the housing needs not just of some but of all.

[wan] 05/12/2005 07:58

Today confirmation in the PBR of the introduction of RIET's could heighten any outside interest in LOK and its property assets. Also residential property into SIP's might be an interesting slant re Kingston and eventually Reading.

[wan] 02/12/2005 12:21

Vassily...Thanks for the update, and yes another market maker i.e. Bridgewell recently joined the fray, from memory there are now analysts price targets of circa 185-195p.

[vassily] 02/12/2005 12:06

Not a large or indepth article, but of interest in that it repeats the message that the LOK business is undervalued.



I assume it also means another broker is involved.

V

[wan] 30/11/2005 07:36

Some intertesting trades/moves yesterday, albeit we ended down. Why protect a mere 5000 trade? Anyway lets see if a combination of broker and cross trades is a signal of further activity?

[wan] 28/11/2005 08:50

KT...I assume the same as usual circa 4-5 weeks after the results i.e. early Dec, about the same time as the new store opening in Crayford? Not to mention the new Farnborough site in Jan 2006. An intesting few months coming up if you include the conlusion to Kingston.

Regards, wan

[kievtrader] 26/11/2005 16:26

Wan

Any update on date of AGM and Final accounts?

KT

[wan] 24/11/2005 07:42

KT...Duly noted. I checked the previous trades, and the price did not drop until the actual announcement, which was after the trade was completed. So was the sale related to institutional demand or demand from elsewhere? And has the announcement shaken a few weak holders out, which on the face of it was the reason for yesterdays drop? Time will tell i.e. there might be another announcement of an increased holding, other that that I would like ask the question. But given we are ahead of an imminent Property transaction, and the 'limited' amount of stock available, it appears that it could be for a specific reason.

Regards, wan

[kievtrader] 23/11/2005 14:53

RNS - Chairman has topsliced his holding by 100,000 at 154p -

[kievtrader] 18/11/2005 10:04

Wan

Thank you. Lets hope for positive sectoral/BYG stories in the weekend paper and IC.

Any update on potential date of LOK's AGM?

KT

[wan] 18/11/2005 08:27

KT...Apologies for delayed reply. I have not seen any upgrades on BYG, but I have not specifically looked either. yesterday I note two of BYG's directors sold some stock via options vesting, that may have subdued the surge, but nonetheless surge they did and with good volume to boot, the directors there still have large holdings, which have been added to recently and also says a lot about the sectors prospects. BYG's volume and price move appears to be signalling a bit more than just a good set of results, maybe its the growth prospects, maybe it is the liklihood of a premium bid, either way I think LOK is set to benefit too ;-)

Regards, wan