itsfatboyjim
30 Oct 2017
Re: Another set of great results £5.21!!
itsfatboyjim
30 Oct 2017
Another set of great results .....and a reaffirmed broker note to £5.10.
itsfatboyjim
29 Oct 2017
299,095 Huge volume compared to normal!Results next week.
asianfriend
03 Oct 2017
Re: any ideas as to what is causing the sell... I have been wondering myself. Maybe the property content worries investors as it appears out of favour and maybe Brexit fears for a fall in the British economy. I am not aware of present problems in the self storage market.
itsfatboyjim
03 Oct 2017
any ideas as to what is causing the sell off?! any ideas as to what is causing the sell off?!
asianfriend
28 Jun 2017
Re: New Storage Services (Number 1) Limited ... Not sure this loosely connected offering was a very sensible idea. I notice the SP hasn't been particularly stellar since but maybe just consolidating . Afraid I was not that inspired by this Exeter proposal but I do like Lok'n Store itself.
itsfatboyjim
07 Jun 2017
New Storage Services (Number 1) Limited Ordinary shares at a cost of 100 pence per share Shoule we invest?
Bobtheretiredbroker
24 Apr 2017
Half year results I thought the results were more than satisfactory and attribute the price weakness to some short term profit-taking after the rise over last two weeks. The 15p price spread illustrates that this is not the most liquid of stocks. Today's trading volume of 40k shares would not usually be enough to trigger a 6.45% fall in the price.I bought them in January and am showing a small profit at this level. I'm happy to continue to hold.
II Editor
24 Apr 2017
NEW ARTICLE: Lok'nStore tipped to eliminate 15% discount to peers "Cash-generative companies with robust balance sheets and a progressive dividend policy are highly prized by investors, and self-storage unit provider LSE:LOK:Lok'nStore has been just that for a number of years.And the AIM-listed firm continued ..."[link]
itsfatboyjim
13 Feb 2017
100% up Lucky I know.....but what should I do chaps?!
itsfatboyjim
28 Nov 2016
Investors Chronicle Self-storage in the UK is a relatively minor affair when compared with the US, but it's growing, and there's plenty of room for this. At the moment, there are around 880 self-storage facilities providing around 38m sq ft of storage space in the UK. That works out at just 0.6 sq ft per person compared with 7.7 sq ft in the US. The three main listed players are Big Yellow (BYG), Safestore (SAFE) and Lok'nStore (LOK), which have around 200 outlets between them. The sector is pretty healthy, with new sites coming on stream and rents rising steadily.It may sound strange, but many people are unaware that there are storage facilities readily available at points scattered across the country. Some are less attractive than others, but the main players take time and effort to make their outlets bright and airy. In doing so, they become their own advertisement, with gaily painted buildings in prominent locations.Why do you want to use self-storage? Moving abroad on a temporary basis and giving up your rented home is one obvious reason, but there are plenty of others. It is becoming increasingly popular for people moving home to declutter their property before inviting people around to view it. First impressions are all important, and it makes sense to ensure that a bedroom contains little more than a bed, which means saying goodbye to the airing rack, bookshelves and everything else that makes a relatively large room look small.For the three quoted operators, there are other useful revenue streams to develop as well. When someone walks through the door making enquiries about storage space, they're probably already fairly clued up after sifting through the internet, but most will not have access to the various ancillaries needed to effect movement of what could turn out to be a considerable amount of possessions. So there is always an opportunity to sell boxes and packaging materials, and most customers also take advantage of the insurance on offer and buy their cover through the storage company.For the three quoted operators, there are other useful revenue streams to develop”At first glance, the three quoted operators look expensive, with the shares trading at between a 20 per cent and 40 per cent premium to net asset value, but the sector is growing fast and foreign investors are starting to take an interest. In the biggest ever acquisition in the sector, US-based StorageMart, the world's largest privately owned self-storage operator, with 189 storage facilities covering 14.3m sq ft, recently acquired 15 sites in the UK trading under the Big Box brand for over £100m, adding a further 675,000 sq ft of space situated primarily in the south-east of England. This implies a valuation premium of between 20 per cent and 30 per cent in excess of the three quoted UK operators. And StorageMart has indicated that the acquisition will mark its launching pad for future growth within the UK.The price paid may seem high, but US companies trade on far higher multiples. PublicStorage, the largest US quoted storage firm, with a market capitalisation of around $33bn (£27bn), trades on a forward PE ratio of 34 times; that's significantly higher than the three UK operators on a minimum 20 times. The good news for the UK companies is that the price of the acquisition could lead to an uplift in net asset value if valuers take this into account. The bad news is that with just 19 per cent of the UK market between them, StorageMart's entrance and plans for further expansion are likely to increase the competition. More recently, Big Yellow said it would not be surprised if activity levels slowed over the next two years.The acquisition has to be taken in context: on share price performance on the three UK quoted companies. In the past two months, Safestore (market capitalisation £750m) has seen its shares slip by 10 per cent, and Big Yellow (market capitalisation £1.1bn) by 16 per cent. However, Lok'nStore, with a bite-sized market cap of
asianfriend
01 Nov 2016
Re: Rise Interesting large sales taking place. Wonder who is taking their profits ? Maybe market maker has taken it on his books at a large discount. Strange way to sell such a large block.
itsfatboyjim
20 Oct 2016
Re: Rise One fund manager who has a large holding in Lok’nStore is Mark Slater, the son of the late Jim Slater, the financier and former Telegraph share tipper. Mr Slater pointed out that the use of self-storage was routine in America and said he expected the same to happen here in time.“Cultural imports from the US tend to take time to catch on,” he said. “I remember when going to the gym, or even eating out, was a bit unusual here. Now we take those things for granted and I think it’s inevitable that the use of self-storage will become normal in the same way.”There’s plenty of scope for growth: the amount of self-storage space in America per person is 13 times the current level in Britain, according to Lok’nStore. Mr Slater added: “We have owned a stake in the firm for a while and are very happy with it. It’s extremely well managed. The managers are very smart in how they allocate capital.” Andrew Jacobs, the chief executive, who owns 19.5pc of the company, is “very hands on – he has an owner’s eye and is careful with shareholders’ money”. Simon Thomas, the chairman, owns a 6.8pc stake.Mr Slater said all the numbers were “going in the right direction: cashflow and net asset value are rising, debt is low and the company is adding 14pc more space this year”.The shares trade at a slight discount to the net value of the firm’s assets. contrast, its two quoted peers, Big Yellow and Safestore, trade at premiums of about 25pc. Lok’nStore shares yield about 2.2pc and the dividend is roughly twice covered by earnings.The main risk, according to Mr Slater, is how customers would behave in a recession. While the use of self-storage could be sensitive to economic changes, the underlying increase in its popularity should help to offset any downturn, while the company is also protected by its low debt levels.Questor pays special attention to fund managers who have “skin in the game” and Mr Slater certainly qualifies, with a £4.5m holding in the Slater Income Fund. Another professional investor to own a large stake is Gervais Williams, the renowned small-cap investor and managing director of Miton, the fund house.We last tipped the shares as a “hold” in April at 317p, compared with last night’s close of 381p. We are happy to retain that rating given the firm’s proven and committed management, conservative finances, asset backing and straightforward business model. Those who are especially keen to avoid IHT but wary of entering into the Aim market should see this stock as one of the safest long-term bets on the junior market.It’s important to remember that, to qualify for the inheritance tax exemption on Aim shares, they have to be held for at least two years (although you can keep the exemption if you sell the shares and reinvest the entire proceeds in other qualifying Aim stocks).Aim shares, like any other, can be held in Isas and self-invested pensions. There is also no stamp duty to pay.Questor says: hold
Enthusiast
19 Oct 2016
Rise Very positive article in the Telegraph today.
II Editor
25 Apr 2016
NEW ARTICLE: Get Lok'nStore at a discount "Another set of results, another opportunity for LSE:LOK:Lok'nStore to show off - and rightly so. Led by Andrew Jacobs, the self-storage company continues to deliver its bold growth strategy, with first-half earnings jumping 26%. We've backed the ..."[link]
