Lok'n Store Share Discussion Threads

[vassily] 18/1/2007 13:52

Wan:

Thanks for the analysis. No plans to sell after a development such as this. I think your are right to surmise that faster expansion and/or some other surprise is on the horizon.

[wan] 18/1/2007 07:14

I note todays 'notable' additions to the board. I like the description of "the rapidly expanding self-storage Company", (see my comment above).

Worth a 'full' read -

[wan] 17/1/2007 08:52

Bought into BYG on todays overdone fall. I expect BYG to attain REIT status, which on its own should be worth 'quite a bounce'. Note the comment regarding the self-storage sector and REIT's etc, LOK is right in there, except I expect LOK's growth rate to accelerate such that on a growth for growth rate comparison LOK will outstrip BYG.

[wan] 16/1/2007 07:43

Just a quikie...The other large holder details -





Is there a connection? Presently I have no proof/indication other than the 'conjecture' from the fact that they appeared to be acquiring relatively aggressively at the same time?

[kievtrader] 15/1/2007 15:18

Small buyers are in again taking price up a touch - no selling to report so far. KT

[wan] 12/1/2007 07:39

I had a rate rise down as a higher probability than not, interestingly prior to which level 2 had strengthened notably compared with the previous days close on 'no' trades, so is there still a protected trade to be revealed? Time will tell. I noted too BYG's move down to £6 and subsequent recovery. The bank has increased rates due to stronger than expected economic growth, which includes house builders scheduled to report strong full year results and record completions along with strong forward order books, and as I said previously that's always helpful. LOK also has the business storage side, for which the outlook appears to offer excellent growth prospects, in fact that is perhaps a particular element not to be overlooked.

[kievtrader] 10/1/2007 16:42

Pull back to 220p where there is good support imho and will bounce quickly from here for next leg upinto uncharted territory after more institutions buy in due course/private investors use pullback as buying opportunity.

[wan] 10/1/2007 07:29

Mr Stock...Surely if we look back individually, there will inevitably be different story/performances to tell, indeed today the same companies and management in a more mature state with better prospects/business conditions etc. You and I have been here before so I will not bore you (or anyone else) with my investment performance here (invested since May 2004). However, and more importantly, I believe we have far from seen the best with regard to where we are heading from 'here'. I note that house builders continue to report increased forward sales, always a helpful.

Given yesterdays small pull back, as an experiment on a pure gut feel and 'if' I can spare the time to watch for further opportunity, I will see if I can nip in ahead of any re-emergence of any further accumulating by certain institutions.

Regards, wan

[mrstock] 09/1/2007 14:41

wan : agree. 260p look possible. I look forward to seeing LOK finally see an all time high this year. It has only taken 6 years to get there! ;-)

[wan] 09/1/2007 07:27

It appears a week cannot pass here without Broker trades, Cross trades, Protected and Delayed trades being transacted, make of that what you will, but having been invested here since May 2004, it appears somewhat abnormal compared with the past trading activity.

I note today that yet 'another' house builder (Bovis) reported that it "has improved its forward sales position significantly compared with the same time last year."

[wan] 05/1/2007 07:40

Also if those who have actually converted to Reits have paused for breath (exepected to bulk up), the stocks to follow might be those who have the 'potential' to convert. Therefore, and strictly in my opinion only, certain AIM property stocks could feature high on the agenda i.e. given the AIM restrictions or the need for a secondary listing to convert etc, it could be someone else that makes the conversion decision for them, or not as the case may be. Please conduct your own research to form investment opinions/decisions, as I could be wrong.

[wan] 05/1/2007 07:31

It appears that the BYG factor might have dragged LOK down a touch? However, and in particular, given BYG's 'recent' performance, and indeed 'actual' Reit conversion there was bound to be (as previously suggested) some profit taking over there. With Reits generally predicted as 'bulking up' on other companies property portfolio's, did this add to BYG's pull back effect? A question to ask here then is what or who's property 'portfolio' could BYG actually buy given the sector they are in, and that would also fall into the category of 'bulking up'? Anyway it will be interesting to see if some of that money (BYG profit taking) will eventually flow over here, other than that I would not be surprised to see
A) BYG rebound/revisit recent high's
B) Recent accumulators of LOK take advantage of any pull back here
C) Further holdings announcements from recent trade activity.

It appears a case of when and not if that there will be change here.

[wan] 04/1/2007 08:00

Batches of protected and delayed trades seem the norm here these days. Yesterdays late action seems most likely to be the continuation of recent accumulators, we will know which one soon no doubt.

[wan] 03/1/2007 07:25

Well a number of UK companies started 2007 positively as new Reits, and as previously suggested -

The new Reits are widely expected to "bulk up" by buying portfolios and other companies, to achieve economies of scale.

Full story at FT.com -

I wonder whether Audleys intention is to push for a secondary listing (enabling AIM REIT status), or is their ultimate intent to take LOK private? Eventually and in any scenario, I cannot see LOK as anything other than a Reit, so strictly in my view, it is a case of when and not if, and some point in 2007 looks to be a strong contender for when. Time as usual will tell though.

[kievtrader] 29/12/2006 12:29

Agree wan. BYG hovering just below 700p level - with this sort of rise there should be an announcement from the company or maybe the much talked about 700p bid will materialise within the next few weeks. LOK just with news on Kingston and reading should be around the 300p level and a bid would have to be around that level if it comes through. Either way the stock is going higher and in may view this will happen fairly quickly especially if there are news flows on BYG.

[wan] 29/12/2006 11:32

BYG making an assualt on the £7 threshold, and currently trading at over 100% premium to nav. LOK trading at a minute premium to nav, so still plenty of room for further improvement here, and in my opinion an interesting/rewarding 2007 awaits us.

[kievtrader] 28/12/2006 16:02

some interesting small broker to broker trades so far today

[wan] 27/12/2006 08:11

Thank you for the kind words guys, and yes indeed I believe it will be a prosperous New Year for LOK holders.

Regards, wan

[pgetty] 24/12/2006 07:21

Wan

I echo vassily's comments above.
Still holding and moving the s/l ever upwards!
Merry Christmas and a prosperous New Year.
Regards.

[vassily] 23/12/2006 12:56

Wan:

Thanks for all the information you put on the LOK BB this year.

It helped me realize that LOK is more valuable than I originally thought.

Season's Greetings to you.

V

[wan] 23/12/2006 08:09

Well we have certainly entered the Christmas break in fashion, with a very strong level 2 picture first thing Friday, which tempted a few sellers out (they did not get mine) and was probably the purpose, the shares still ending up though 3%.


Short trading week next week, during which, we may see some more delayed/protected trades revealed, and probably Friday, we may get further holdings announcements.-

Market calendar -

Wednesday 27 December 2006 - Normal business day
Thursday 28 December 2006 - Normal business day
Friday 29 December 2006 - Markets close at 12.30

So has the market recognised that change is afoot/imminent, or is it now a case of the touch paper having been lit? Time will tell.

Merry Christmas and a healthy and prosperous New Year to all.

Regards, wan

[wan] 22/12/2006 07:29

Quite a jump in level 2 and subsequently the share price yesterday, not sure we saw all the action that caused it though, so we are likely to see a combination of protected trades and holdings announcements, but probably not until next week at the earliest.

Because of the recent property purchase in Portsmouth 'after' the results and indeed the doubling in size of the Fareham store, LOK's nav has probably moved up on the reported 213p. Given that BYG has hardly paused for breath breaking 'easily' through the £6 barrier and taking the premium to nav at circa 85%, the margin for further improvement here looks very healthy indeed. Also given that like BYG, institutions have been building positions in LOK, albeit on a smaller scale, replication of a similar performance is looking, at the very least, a promising prospect.

If we have a nav of 220p a 20% premium = 264p and a 30% premium = 286p

Not to mention we have an activist fund stake building, all of which adds up to a nice set of ingredience as we head into the Christmas break and New Year.

[wan] 20/12/2006 07:30

Well we got the RNS and I thought it might be Audley, however, there was in fact closer to 2.6% of shares transacted by larger trades and Audley accounted for circa 1%, so it will now be interesting to see if we get any further holdings announcements accounting for the rest.

I note any sells are easily absorbed at this level, which may suggest that someone (possibly plural?) is still in accumulation mode, any pull back 'might' then offer opportunity ie be nimbler than the recent accumulators, who will obviously want to transact via larger trades etc. Interesting times continue.