LOK - Looking Good
Sounds like whole sector (Big Yellow, SafeStore etc should be doing well)
Lok’n Store Group Plc chief: Self-storage is a very attractive business
14:29 22 Mar 2016
Andrew Jacobs, chief executive of Lok’n Store Group Plc (LON:LOK) says self-storage is “a very attractive business” at the moment.
He says that the company is “moving ahead at a very reasonable growth rate”, and that he is “very positive” about the company’s trading.
The firm reported robust trading in the first half of its financial year last month, with revenue at its core self-storage business up 5.4% in the half year to end January.
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1 comment
Was just looking at Lok'n Store (LON:LOK). At a glance, debt loosk quite high and even though the share price has fallen it still does not look good value. Safestore Holdings (LON:SAFE) does look on Stockopedia somewhat better. They are considerably smaller than Big Yellow and SAFE. Also the operating margins are much lower. I think if I invested in that sector I would select Safestore Holdings (LON:SAFE).
Lord Lee is a holder of Lok'n Store (LON:LOK).