Lok'n Store Share Discussion Threads

[jeff h] 07/11/2011 08:46

Forecast busting results, especially with the 3.00p div up from a forecast
1.00p.

Simon Thompson sure to highlight it in one of his forthcoming IC columns.

[chri5 wright] 18/7/2011 10:15

a nice article in yesterdays mail on sunday about the sector.

[scburbs] 23/6/2011 07:55

A good set of results from Safestore this morning, all key indicators continuing to point in the right direction, although outlook statement is cautious for H2 due to harder comparables.

"Operational Highlights:

· Robust trading, particularly in London, the South East and Paris

· Average self storage rental rate up 3.2% to £26.33 per square foot ("sq ft") year on year

· Closing occupancy3 as at 30 April 2011 of 2.92 million sq ft, a year on year increase of 3.2%

· Occupancy increased to 59% of maximum lettable area ("MLA"), an increase of 3 percentage points"

[azalea] 13/6/2011 10:47

The share price has drifted somewhat as PI take profits in a despondent market. With Laxey having reportedly bought in at around 85p, if the drift continues. anything circa 100p could be an excellent buy/add opportunity.

[praipus] 05/5/2011 13:13

Laxey getting their own director in place....

To see Laxeys other holdings take a look at post 1 on the following thread

[praipus] 05/5/2011 13:13

Laxey getting their own director in place....

To see Laxeys other holdings take a look at post 1 on the following thread

[azalea] 26/4/2011 14:42

It would appear that a number of PI are buying a number of shares -WKP,FPO, WGB, that were reviewed recently by S. Thompson, with LOK being no exception -up 4.4% today, on a mere 10k bought.

[jeff h] 19/4/2011 08:10

Just bought in...Simon Thompson updates in this Thursday's IC

[rumithepoet] 11/4/2011 14:37

Ben Jaglom has rerated the Lok shares

He wrote a reduce on them last year at 129p - they've lost twenty p since as you know chaps but its looks like Jaglom's rating them as a buy now.

[scburbs] 11/4/2011 08:50

Solid interims with key drivers of occupancy and pricing pointing in the right direction.

"Operational Highlights

§ Store EBITDA up 14.9% to £2.48 million (six months to 31.01.10: £2.16 million)

§ Store EBITDA margin up to 45.9% (six months to 31.01.10: 41.8%)

§ Occupancy 569,723 sq ft up 2.0% over last year (31.01.10: 558,514 sq ft)

§ Self-storage prices up 3.5% year to year and up 1.4% over period

§ Operating costs reduced further by 0.8% year on year"

[azalea] 25/3/2011 17:05

LOK. As always, when you find your research has paid off, you wish you had filled your boots. Despite the headway todate, the share price still has a long way to go before its discount to NAV falls to that of its competitors. S.T. 125p is a minimum, whilst his 150p 6 months target, will be a real bonus.

[envirovision] 25/3/2011 14:44

Came up on a piotroski scan. Hmm well I have I agree with most of the selections. Its a bit early for Thomas Cook imo though i would entertain picking some up later in the year should they fall further. Fiberweb i picked up at 70p last week.

Yes its no surprise LOK is there.

ps wonder what Simon Thompson thinks of it, bet hes gone over weight in them at these silly prices!

[azalea] 25/3/2011 14:30

It gets better. Today's IC, draws attention to LOK's 54% dicount to its last reported adjusted NAV per share of 224p. "looks steep".

It also cited the very point I made about the plight of people loosing their jobs renting cheaper smaller properties/owners downsizing, all contributing to "cramped households have been renting more space in its storage centres".

[azalea] 24/3/2011 15:37

Given the rise in the share price today despite the indicated trades showing 'sells' significantly in front of 'buys', one could be forgiven in thinking that the MM know something us PI do not.Holding tight.

[azalea] 24/3/2011 12:11

It looks as if the sellers have cleared out, whilst even a modicum of buying has turned the share price With seasonally stronger trading periods of Spring and summer ahead, I expect to see the share price rise further. Lets not loose sight of the fact that the shares are trading at discount to NAV of circa 45%+, whilst the share price has fallen 31% from its high and sits 50% below S.Thompson's recent 6 months tgt of 150p.

[envirovision] 23/3/2011 10:13

Followed azalea and added.

[azalea] 23/3/2011 10:09

With the share price @ 94/96p, the questions I ask myself are as follows.

When Laxey Partners bought 5m @ circa 87p in August 2010 to take its stake to 29%, did it make a mistake?

When investment firm Duart Capital Management appeared with a 5%% stake in August 2010, did it make a mistake?
.

When the FD Ray Davies bought 10k @ 130p on 7/12/10, did he make a mistake?

Is CEO Andrew Jacobs wrong to hold a 20.78% stake?

When Simon Thompson(S.T.) recc LOK on the 17/9/10 @ 100p,stating the shares were trading 45% below end July 2010 NAV forecast, was he wrong?

Were the October 2010 FY results giving an NAV of 181p, Ptx £431k(-£656k 2009)EPS 0.88p(-2.39p),wrong?

Are the consensus Eps forecasts for 2011 and 2012 of 1.67p and 1.96p respectively, wrong?

On the 14/1/11, when S.T. again recc LOK @ 125p with an upgraded target price of 150p on a 6 month basis,will he be proven wrong and if so, by how much?

Given that S.T. also stated that @ 125p, LOK was trading on a discount to NAV "far deeper than its listed rivals Big Yellow, or Safestore", is the former vulnerable to a bid, with Laxey sitting as a king maker to the highest bidder?

Given the above and the fact that since Laxey Partners and Duart Capital bought their stakes the share price climbed to 142p by mid December 2010 and have since fallen to 94/96p, for no obvious reason, are the shares now ridiculously cheap?

[azalea] 22/3/2011 13:24

Added on the dip @ 94.25p.

[azalea] 17/3/2011 18:15

Given the hard times upon this country and the inevitable rise in numbers having to give up their independence and/or downsizing as they loose their jobs,it is almost inevitable that self storage companies like LOK will benefit for as long as it takes for the economy to recover. I believe the recent fall in the share price is due to nothing more that sellers recouping some cash from otherwise one of the most stable companies in their portfoio. Being what it is, LOK has no direct connection with the problems in Libya, the Middle East and Japan. With Laxey holding 29%, I have no concerns.

[envirovision] 17/3/2011 16:49

Really being tested now by the panic and recent correction.

[azalea] 11/3/2011 16:50

LOK solid as a rock.

[envirovision] 09/3/2011 11:45

I would expect so, the lower support line goes all the way back to the summer of 2009. That's one hell of an established trend and for this trend to alter in any significant way, there would have to be some kind of major development.

[azalea] 09/3/2011 11:04

envirovision
I think we might have caught LOK at the bottom.