LOK - Looking Good

Tuesday, Mar 22 2016 by

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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Lok'nStore Group Plc is engaged in providing self-storage serviced and document storage and management services. The Company's segments include self-storage, and serviced archive & records management. It offers self-storage to both household and business customers at its centers. Its personal storage includes storage rooms, student storage, forces and services, and space estimator. Its business storage includes pallet storage, warehouse space, self-storage archiving, flexible office space, multi-site business storage accounts, and eBay and online business. It operates approximately 39 self-storage centers and over two serviced document stores in Southern England. Its personal and household self storage is available at various locations, such as Aldershot, Basingstoke, Bristol, Crawley, Eastbourne, Fareham, Harlow, Swindon and Maidenhead. more »

LSE Price
517p
Change
 
Mkt Cap (£m)
152.9
P/E (fwd)
39.6
Yield (fwd)
2.5



  Is LON:LOK fundamentally strong or weak? Find out More »


1 Post on this Thread show/hide all

herbie47 22nd Mar '16 1 of 1

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).

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