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LOK Lok'n Store Group Plc

860.00
10.00 (1.18%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lok'n Store Group Plc 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
  10.00 1.18% 860.00 830.00 848.00 832.00 832.00 832.00 24,523 16:35:04
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 28.96M 4.69M 0.1420 58.59 274.96M
Lok'n Store Group Plc is listed in the Business Services sector of the London Stock Exchange with ticker LOK. The last closing price for Lok'n Store was 850p. Over the last year, Lok'n Store shares have traded in a share price range of 626.00p to 930.00p.

Lok'n Store currently has 33,047,502 shares in issue. The market capitalisation of Lok'n Store is £274.96 million. Lok'n Store has a price to earnings ratio (PE ratio) of 58.59.

Lok'n Store Share Discussion Threads

Showing 1276 to 1298 of 1625 messages
Chat Pages: Latest  53  52  51  50  49  48  47  46  45  44  43  42  Older
DateSubjectAuthorDiscuss
05/12/2009
00:10
bt
Well it seems to have got the share price moving up..lol..
just in case your wondering it was meant for the SCHE (carehomes) site,
although it could be taken for a convoluted ramp!
ss

sunseeking
04/12/2009
19:31
LOL...swine flu and storage..could b a link ther somewher...looooooool
badtime
04/12/2009
10:48
bye the way, I have just got back into this but not for reason stated above.
(Still lol)
ss

sunseeking
04/12/2009
10:45
hello guys
been watching this for a while
few questions
why such a large spread is it always this wide ?
just tried to buy 10,000 on ig said trade was too large refused deal
anyone else had trouble buying/ selling ??
always makes me stop and think when this happens

madasafishman
04/12/2009
10:42
Sorry
wrong thread lol
ss

sunseeking
04/12/2009
10:20
I have just got back in on the news of a drop in the numbers getting swine flue.
I was concerned that the epidemic might have had a big affect on bed numbers and this worry seems to be abating now as the elderly seem to have an imunity
built up.
ss

sunseeking
04/12/2009
09:42
Looks to me its limbering up to make a strong move....at 203 NAV not long before someone pounces if the share price stays here.
nurdin
04/12/2009
09:31
nice to c the spread narrow.

re ic..personally dont buy it...hav done but cant justify the time reading it

badtime
03/12/2009
08:42
Interesting three page write up on the storage space sector, in this weeks Shares Magazine, for which they have LOK and WKP as plays (buys) on the UK economic recovery.

Basically goes on to state the NAV discrepancies between this company (LOK) and the others (Big Yellow and Safestore) within this sector. A reiteration of Scburbs very informative post:

Well worth buying a copy, for those invested or those considering investing in the sector.

affc21
15/11/2009
21:47
Plenty of potential at Lok'n Store

Created:10 November 2009

Unlike carpet-maker Victoria, Lok'n Store is keen to promote its net asset value (NAV). Indeed it's pushing a new way to value assets even though the shares currently stand on a whopping 133 per cent discount to NAV. According to the company, the adjusted NAV is a mighty 207p or 160 per cent discount. Lok justifies the higher NAV figure because it's classified as a trading company not a property investor nor developer. So it should be able to knock out a deferred tax charge (£10.25m at end-July 2009) with rollover relief. At the same time its leasehold premises (10 out of 23) are valued at cost even though there's security of tenure under the 1954 Landlord and Tenant act. The average lease still has over 10 years to run and should be renewed in most circumstances.

What Lok should have featured is that only 52 per cent of the company's available space is currently let. That figure could rise quickly through a combination of economic recovery and a revival of housing transactions. Year-on-year the latter figure was 41 per cent lower in the 12 months to end-July 2009 but is picking up now. House contents account for more than half the'stuff' stored by Lok. At the same time the company has no further new build commitments so gearing should fall. It also wisely eschewed offers to fix interest rates via swaps. So in the latest half year the average interest rate paid more than halved to under 3.5 per cent.

Researcher Hardman forecasts a return to breakeven this year. Lok's shares are trading on a much bigger NAV discount than those of rivals Big Yellow and Safestore. If the discount stays so big the company might receive another takeover approach. We upgrade to speculative buy.

IC VIEW: BUY
BuyResearcher Hardman forecasts a return to breakeven this year. Lok's shares are trading on a much bigger NAV discount than those of rivals Big Yellow and Safestore. If the discount stays so big the company might receive another takeover approach. We upgrade to speculative buy.

Last IC view: Fairly priced, 59p, 28 April 2009.

affc21
15/11/2009
21:46
took a nibble last friday
badtime
15/11/2009
19:45
well the discount to nav is very interesting especially when compared to peers. Thankyou for the research note.
ronwilkes123
15/11/2009
17:59
Hardman & Co research (LOK):
affc21
14/11/2009
21:52
interesting

Big Yellow Self Storage March 2009 NAV c.440p (diluted by share issue) - share price 400p (c.90% of NAV).

Safestore April 2009 NAV 194p - share price 140p (72% of NAV).

LOK July 2009 NAV £2.07 share price 70p (c. 33% of NAV).

ronwilkes123
12/11/2009
08:13
Positive trading statement from Safestore should help sentiment.
scburbs
11/11/2009
09:56
Thanks for pointing this out scburbs,

Does look very cheap compared to it's direct competitors and property cos. in general.
65% discount to nav, low @ ltv 31.7%, reinstated dividend and good news going forward (planning permission in place for next 4 stores)

Is due a re-rating, just need to wait for it to be discovered.

martincc
10/11/2009
09:37
Interest building up now...first stop 100p imo
nurdin
09/11/2009
21:54
Big Yellow Self Storage March 2009 NAV c.440p (diluted by share issue) - share price 400p (c.90% of NAV).

Safestore April 2009 NAV 194p - share price 140p (72% of NAV).

LOK July 2009 NAV £2.07 share price 70p (c. 33% of NAV).

scburbs
09/11/2009
12:20
Looks cheap to me. I bought in first thing.
scburbs
09/11/2009
11:13
Looks grossly mispriced here....NAV over £2/share,business going well and divi resumed after a cautious omission in H1.

Dont know what else the market wants...

nurdin
07/10/2009
15:39
anyone still following these, read the scsw story also, been wondering whether to get some.
johnv
14/9/2009
08:40
This is what they said in their pre-close trading statement on 3rd Aug:



RNS Number : 7240W
Lok'n Store Group PLC
03 August 2009

?
Lok'nStore Group plc (Loknstore)
Pre-close Trading Update


Lok'nStore is pleased to announce that trading in the second half of the
financial year to 31 July has been robust, recovering strongly from the
challenging economic conditions prevailing in the first half of the year.


In each of the last six months occupancy has seen a month on month
increase, recovering earlier falls, and is now up 2% year-on-year. Average
revenue per square ft, which was softer in the winter, is also rising again.


The Group has a strong asset backed balance sheet. Net debt of GBP25 million is
well supported by a banking facility of GBP40 million which runs until 2012.



Results for the year ended 31 July 2009 will be announced on 9th November 2009.

nurdin
14/9/2009
07:24
Had a few after that nice SCSW tip...'Net Assts of 200p against 77p share price'

Good nuff for me..:o)

nurdin
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