Lok'n Store Share Discussion Threads

[happyjackal] 07/2/2008 09:11

Yes, I'm here. After having sold out in the 230-250 range (after the fall from the highs), I have now bought back in for a longish-term hold. Management playing this smart and buying back shares at lower prices. Nice.

[vassily] 07/2/2008 00:54

Now that's what I call entertainment. Another 35,000 shares out of the way.

Anyone else here?

[vassily] 06/2/2008 02:11

Another 10,000 bought by LOK. Not bad. Every little helps. Perhaps more dividend in the future.

[vassily] 30/1/2008 23:07

Nice to see the management buy at these levels.
It's good to hear that some of Safestore's stores aren't in good condition. Check the Safestore BB for details. LOK needs competition like that.

[silverfern] 10/1/2008 07:59

On book for £2m - probably worth upwards of £6m. Free money!

[wan] 10/1/2008 07:36

I always said it was a case of when and not if -
Planning Permission Granted at Reading -


Shrewd capable management at LOK. I am no longer a holder, but LOK remains an impressive little comany.

Regards to all

Wan

[vassily] 09/1/2008 01:14

As if by magic, two new stores appear.
Good news if the two properties were good value.

[vassily] 03/1/2008 23:20

Does anyone have any news about commercial property prices in the UK.

BYG did a lot of their expansion when commercial property prices were higher. Their NAV must be hurting now and into future.

Let's hope LOK can expand with lower prices. They have been patient, as have their investors.

[vassily] 06/12/2007 22:49

Audley's stake grows further. They are confident.

[vassily] 16/11/2007 23:21

Another small share buy back. A positive, but haven't they got something else to spend the money on?

The wait continues for more property. Looks like they are waiting for lower property prices and suitable locations.

BYG and SAFE continue to drop, but they had much higher valuations per sq ft in the last year so no surprise in the current risk averse environment.

[vassily] 01/11/2007 21:55

'It's a badly run company which ever way you look at it ...'

A bit harsh.

[mrstock] 31/10/2007 18:28

Why can't it be a property company and a self storage company?

Because if it is a property company, it's not going about it in the right way and could be using its cash much more effectively to develop property sites. Can't have it both ways. It's a badly run company which ever way you look at it and need to be taken out by another company with some experience here.

[vassily] 30/10/2007 21:56

Why can't it be a property company and a self storage company? If you examine the profit margins (hidden because the company is still growing), but alluded to in the reports, you find it's a property and self storage company with potential. I guess that is why the share price is 2 pounds not 50p.

[mrstock] 30/10/2007 12:12

Thank you HappyJackal!

The real question is whether you think LOK is a property company or a self-storage company.

Exactly!

Overall I'd class LOK as a relatively safe haven for your money albeit not very exciting.

Precisely!

Depends on your investment appetite and whether you're happy to see a return of 10-30% in the next 12-24 months, or you want to double your money by Xmas. IMHO LOK is the former.

Excellent analysis.

Once again, unless there is a serious dividend payout structure to be announced in the near future, investing in this company is simply speculating on commercial property.

DON'T ever forget that this company was price at just less than 180p after listing (I say priced, not worth) and it has performed abysmally ever since.

There's going to be somebody commenting now about the huge increase in asset value ( wan ?) but frankly that ain't gonna pay the bills. There are plenty of very smart fund managers out there who fail to see what can be exciting about this stock. It has precious little growth and is at present IMHO merely a parking place for a bit of money, sadly not institutional money as the mkt cap is too small. Do yourself a favour and get some housebuilders at almost rock bottom prices if you want to play property. Or get some British Land which has fallen as far, actually pays a proper dividend and has actually given the investors some decent return over the same period that LOK has been in business.

On the other hand, I could be wrong and this company will return 20% pa compound over the next 20 years. ;-)

[mitzis] 30/10/2007 07:43

No time to buy..

[vassily] 30/10/2007 01:36

hj:
Yes, good results.
Over the long term, the chart indicates a steady growth in share price
I have held and accumulated since 2003. I will continue to do so. It's a boring company, but you get a reasonable return. And now a dividend.

[happyjackal] 29/10/2007 10:09

Good solid set of results. I've held these for a few years, but sold out earlier this year. Despite the gloom in property sector, I have decided to re-enter.

[vassily] 23/10/2007 22:32

No momentum, no surprise.

[johnrxx99] 23/10/2007 07:01

Momentum Investor dropped coverage last week.

[vassily] 22/10/2007 22:21

Results come out this time next week. Will the price rise a little?

[vassily] 15/10/2007 22:28

Bought a few more today as price moved toward 2 pounds.
I'm happy with the steady progress of LOK.

Edit: I will add if decline continues. Will it continue?

[johnrxx99] 08/10/2007 03:21

The market is not perfect. LOK is associated with property as that is what it rents. At the moment property is going through a hard time. The US will take years to unravel as we did 1988 to 94. It took us 5 years to bottom. Commercial went first then residential but that is no fixed order.

We have had a good run both residential and commercial. If credit is to be tight, the latter will pull back new development until the economy supports higher rental levels to pay for the cost of money. If you can't borrow you cant build. Are rental levels holding up - dunno as I've been out of that market for years.

For me, LOK will be associated with this cos the market is a herd whatever they pay the analyists to think otherwise. LOK should come back as it's been slaughtered recently but agree with the jackal on returns for the moment.