Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Big Yellow Group: Peel Hunt maintains buy recommendation and 297p target
ames Gibson, Chief Executive Officer, commented: "Given the current uncertain economic and consumer environment, the reported year-on-year improvement in revenue and occupancy performance is a pleasing result. Indeed, move-in activity in the wholly owned store portfolio was up 15% on the same quarter last year, reflecting an improvement in both domestic and business activity. We typically see a return to occupancy and revenue growth in the quarter to March. January has started positively, both in terms of reservation numbers and occupancy growth. We remain committed to our stated medium term objective of growing cash flow and earnings, and look forward to our seasonally stronger spring and summer trading period."
http://www.investegate.co.uk/Article.aspx?id=201201110700083327V
Shame noone apart from you - posts incourageing comments regarding future prospects
Big Yellow storing up increased revenues Date: Friday 08 Jul 2011 LONDON (ShareCast) - Storage barn operator Big Yellow saw 'occupancy growth' up from 143,000 square feet in the second quarter of 2010 to 162,000 square feet between April and June this year. Big Yellow wholly owns 52 of its stores, and at these outlets annualised revenue was up 7% compared to the first half of 2010 at £63.7m. The 11 “partnership stores” were up 64% from June 2010 at £3.9m. The wholly owned stores are operating at 61.3% of capacity. The group claims rental rates have increased year-on-year but are slightly down from the previous quarter due in part to a significant increase in the number of new customers taking up introductory offers. James Gibson, Chief Executive Officer, commented: "Given the continuing uncertainties in the macroeconomic environment it is right to remain cautious. We are however encouraged by the continuing positive performance of this business."
http://www.investegate.co.uk/Article.aspx?id=201107080700090072K
Some decent figures in there
Nicholas Vetch, Chairman of Big Yellow commenting said: "I reported last year that the Group was enjoying a recovery in line with the slowly improving economic picture. This recovery has continued in the current year, and I am pleased to report that occupancy across all of our 62 stores increased by 215,000 sq ft during the financial year, compared to an increase of 140,000 sq ft across 60 stores in the prior year. It is of no surprise to us that the recovery in the UK economy is so muted, given the combined effects of the fiscal consolidation, the pressure on disposable incomes, and the constrained lending to businesses and individuals. The next step change in the recovery of the wider economy and hence self storage is unlikely to occur until some of these pressures are alleviated. We therefore expect that the performance of this business will continue to show steady progress, however at some point we would anticipate seeing a change in economic pace which will feed directly into the growth rate of our business. In the meantime, our exposure to London, dominant brand, innovative marketing, internet presence, quality of stores and customer service, coupled with our strong balance sheet and financial position, gives us a significant advantage."
Big Yellow Group PLC, the UK's leading self storage brand, is pleased to announce results for the year and for the fourth quarter ended 31 March 2011. Financial highlights · Occupancy growth of 215,000 sq ft across all stores (2010: growth of 140,000 sq ft) · Store revenue for the year up 8% to £59.6 million (2010: £55.1 million) · Store revenue for the fourth quarter increased by 7% to £14.6 million from £13.7 million for the same quarter last year · Store revenue for the second half of the year of £29.7 million up 7% compared to the second half of the prior year of £27.7 million · Revenue of £61.9 million, an increase of £3.9 million (7%) compared to £58.0 million for the prior year · Store EBITDA up 13% to £37.1 million from £32.7 million in 2010 · Adjusted profit before tax1 of £20.2 million up 22% (2010: £16.5 million) · Diluted EPRA earnings per share2 up 19% to 15.49 pence (2010: 12.99 pence) · Cash inflows from operating activities (after interest) increased by 23% to £23.5 million (2010: £19.1 million) · Group net debt reduced by £3.4 million to £266.0 million from £269.4 million at 31 March 2010 · Adjusted net assets per share3 down 1% to 449.8 pence from 453.3 pence as at 31 March 2010 · Final dividend of 5 pence per share declared (2010: 4 pence per share), full year dividend of 9 pence per share (2010: 4 pence per share)
http://www.investegate.co.uk/Article.aspx?id=201105240700091017H
I have just topped up, maybe the time is right. We are very Undervalued at the moment.
So we have made a profit, so why are we going down.
See you later, enjoy your day! You dealing in mortgages now?
typing overtime this morning
golfing? Did you take a couple of diamonds with you for my trainket LOL
Have a lovely day :) See you later
Sadly yes....day in today so just catching up with emails and stuff....oh to be a lady that lunches :)
Oooh how lovely :)
ooch yes aren't they! See I have to work so would be useless at day trades!
You have a boat LOL! Glad you baled, it's been messy this morning too
Been looking for you this morning, you been over to the "other one" that was a little scary last week?
Yep, just did a dip for a minute, 307 buy price!
Live price dropping
Bought some of these mid March so well happy. Just sold
Still going up I see, you picked a good one today! Hope Yachtie checks in later today