Lok'n Store Share Discussion Threads

[gucci] 27/3/2007 12:01

last one at 267p
lots of delayed buy trades

[gucci] 27/3/2007 09:08

just noticed mm topping up at 265p yesterday

[gucci] 27/3/2007 08:31

taking off!!

[wan] 27/3/2007 07:30

It will be interesting to see if a special dividend is proposed at the results in April.

Is there now a stronger chance that LOK is going to be re-rated to be more in line with the Safestore and Big Yellow formula? If so, then that indicates we still have quite a long way to go yet. Fwiw, I think that will indeed be the case, time will tell though.

Regards, wan

[kievtrader] 26/3/2007 11:32

Great news and only a marginal rise in price. £10 million deal imho is worth 50p on share price. so short-term target on this deal alone is 290p-300p. Wonder what's in store with the results?

[wan] 26/3/2007 11:10

Bridgewell Securities reiterates its 'overweight' rating -

[ablack] 26/3/2007 10:41

LOK was tipped strongly by a respected tipsheet at the weekend

[mitzis] 26/3/2007 10:05

Bought for the first time this am on todays good news..and targets tia.

[wan] 26/3/2007 09:20

Pants...Lets not beat the takeover drum too hard, its a threat and not a certainty!

[sponge bob sq pants] 26/3/2007 09:03

good news plus also been taken over and CHART BREAK OUT.

[wan] 26/3/2007 08:53

Excellent news, a top end price secured and the patient are rewarded accordingly. This is not only good news regarding a very profitable investment being realised, managements time will have also been 'freed up', that will no doubt have its effects too.

[wan] 22/3/2007 15:45

KT...It may be a case of we either had (yesterday, see above) or will get counter announcements, because it appears the stock is somewhat in demand. Again I will not be surprised to see delayed/protected trades coming through, time will tell.

[kievtrader] 22/3/2007 14:12

RNS - Black Rock have reduced holding to slightly below 5%.

[wan] 21/3/2007 17:58

Late RNS...Appears that Gartmore has/is also in accumulation mode, moving back above the threshold of notifiable interest -

[wan] 21/3/2007 07:28

All...If we can hang onto LOK over the next two years, we are likely to see a significant improvement on 300p, however, LOK falling prey is a real threat, and I would prefer maturity including REIT status.

LOK's portfolio management (of the 'existing' property portfolio) could yield a significant step change alone. Looking further out, REIT status is an obvious target, especially now BYG has attained REIT status. Given the managements credentials/expertise, I would not discount some type of joint development/profit share on 'both' kingston and Reading. This could yield not only excellent profits but some potentially interesting 'retained' property assets yielding annual rents, in that I would count both residential and commercial property, which would both sit well in a REIT. Which brings me neatly onto TCSC, have we seen the first elements of a joint venture, or have they simply identified the hidden value? Either way, having an experienced developer as a shareholder will no doubt yield benefits of some sort. Anything on the development/sales front could see LOK make a serious assualt on the £3 threshold.

Please conduct your own research in order to form your own investment opinions, as I could be either wrong or inaccurate.

Regards, wan

[sponge bob sq pants] 20/3/2007 17:28

bid target from BIG YELLOW.£3.00 PLUS

[wan] 19/3/2007 07:16

HJ...Thanks for that update. A combination of institutional and PLC interest supports the upside potential for LOK as being both very real and substantial.

Regards, wan

[happyjackal] 18/3/2007 20:50

Half page article in today's Midas column in the financial section of the Mail on Sunday, here are some snippets:

Mentions the fact that "Big Yellow Group has 43 sites and is valued at £700m ... Safestore has 100 sites and valued at £450m ... whilst Lok is the minnow with 21 sites and a value of £62m."

Says that "in the US there is 5 sq ft of storage per person, whilst the UK currently has just 0.3 sq ft ... and suggests that the industry has potential for massive growth".

Says "Intriguingly property company Town Centre Properties has just amassed a 4.85% stake"

Final comment is "Midas verdict: Lok shares are trading at 237p, a significant discount of Big Yellow and Safestore on some measures. Supporters believe that there is substantial upside and bid action is a possibility. BUY."

Lazy article and nothing new for the regulars here, but it could cause a spike in the share price tomorrow.

[wan] 16/3/2007 14:04

Big Yellow Confirmation of REIT Status -



That is v/good news for the sector.

[wan] 16/3/2007 09:11

Well the success of the Safestore float (also note the volumes there) has been notable. Whether that is the reason for the incease in the share price here remains to be seen, but I fancy the interest here would have come with or without the Safestore float (cue TCSC), so I will not be surprised to see further RNS's next week.

[wan] 14/3/2007 07:08

All...Update/info regarding Town Centre Securities PLC -

From TCSC Results -

Balance sheet - Investments
We have identified a number of UK quoted companies which we believe are
undervalued by the market and where we also identify a strong underlying
property portfolio that is likely to outperform direct investment. In the year
we invested in shares at a net cost of #4.9m (2005: net investment #4.0m) taking the total cost of our holdings to #9.4m. At 30 June 2006 the market value of this share portfolio was #12.7m creating an unrealised surplus of #3.3m, of which #2.8m was created in the year. IFRS requires that this surplus is taken directly to retained earnings as unrealised.



With TCSC obviously only just adding to their holding i.e. on the 9th march, this appears to sit well with my previous comment/reply to HJ that - "I still think there is quite a bit 'extra' to be realised from LOK's existing property portfolio. The combined scale of the property portfolio, the 'increased' expertise of the recently enlarged management, and indeed the increased borrowing facility (not that I expect the previously shrewd purchasing trend to change going forwards), will all play their part. On that note it is worth re-reading the Lok'n Store Directorate Change announcement" -



Regards, wan

[moscowtrader] 13/3/2007 17:01

Things are hotting up - rns from yesterday re stakebuilding -

Lokn Store Lok'n Store says Town Centre Securities raises stake to 4.85 pct


LONDON (AFX) - Lok'n Store Group PLC said Town Centre Securities PLC has
acquired 794,941 shares and now holds 1,294,941 shares, representing 4.85 pct.
[e-mail]

[wan] 12/3/2007 11:59

Sealed...Yes I did realise that, from Fridays announcement -

Conditional dealings are expected to commence on the London Stock Exchange at
8.00am today under the ticker symbol SAFE. Admission to the Official List of the Financial Services Authority and commencement of unconditional dealings is
expected to take place at 08.00 UK time on 14 March 2007.

Regards, wan

[sealed] 12/3/2007 09:23

Wan
SAFE actually came to the market last Friday.