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Pin to quick picksLok N Store Share News (LOK)

Share Price Information for Lok N Store (LOK)

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Lok'n'Store ramps up divi

Mon, 29th Oct 2012 09:43

Storage barn operator Lok'n'Store has rebased its dividend and for once, the term refers to a substantial increase in pay-outs, not a poorly-disguised dividend cut."The board has decided to significantly increase the dividend to 5p for the full year, and it is intended that the company's future dividend payments will reflect the growth in the underlying cash generated by the business," revealed Andrew Jacobs, Chief Executive Officer of Lok'n'Store.The 5p dividend represents a two-thirds improvement on the previous year's 3p payment."We have a secure financial base, an excellent development pipeline and robust trading which gives the board the confidence to propose this step change in the dividend," Jacobs said.In the year to July 31st the group saw profit before tax retreat to £926m from £938m the year before, largely as a result of finance costs virtually doubling to £1.03m and a result of the firm refinancing its £40m bank facility during the year. Though the group's business is off-site storage, many investors regard it as a glorified property company and so the net asset value (NAV) per share is closely watched. At the end of July 2012 adjusted NAV per share had barely changed at 228p from 229p the year before.Net debt increased from £24.4m at the end of July 2011 to £25.7m at the end of July 2012."At an operating level we have continued to demonstrate an innovative approach to asset management, enabling the group to increase its operational footprint while maintaining a strong balance sheet. With further valuable planning permissions obtained and renewed and the opening of the Aldershot and Maidenhead stores scheduled for 2013, we are poised to move ahead strongly over the next couple of years," Jacobs said. The new document storage business, acquired at the end of June 2011, has moved into profit under its new ownership, with earnings before interest, tax, depreciation and amortisation of £0.47m, versus a loss of £0.04m the year before. JH
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20 Oct 2014 11:57

INTERVIEW - Lok'n'Store eyes expansion as economy recovers

Self-storage group Lok'n'Store is eyeing expansion after the economic recovery boosted its trading this year. The group has 24 storage centres in southern England and sees potential for that to rise to about 50 even without moving out of areas where it already trades, chief executive Andrew Jacobs s

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20 Oct 2014 08:47

Strong trading boosts Lok'n'Store profits and dividends

Strong trading has helped self-storage group Lok'n'Store to post higher annual profits and dividends. Lok'n'Store said its business got better in the second half of the year, boosted by more new and purpose-built storage centres. A new flagship store in Maidenhead, which opened in December, was tra

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20 Oct 2014 08:15

Lok'nStore Profit Hit By Impairment, Signals Confidence With Dividend Hike

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20 Aug 2014 10:36

DIRECTOR DEALINGS: Lok'nStore Director Exercises Options, Sells Shares

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14 Jul 2014 11:17

DIRECTOR DEALINGS: Lok'nStore Finance Director Reinvests Dividends

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8 Jul 2014 09:51

Lok'nStore Says Trading Improvement Continued In Second Half

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3 Jul 2014 08:30

Rocket Internet launches pick-up and storage business in Britain

* Rocket Internet start-up enters self-storage market, starting in UK * Self-storage incumbents include Safestore, Big Yellow, Lok'n Store * UK self-storage market turnover 355 mln pounds last year By Eric Auchard VIENNA, July 3 (Reuters) - German startup backer Rocket Int

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30 May 2014 13:40

DIRECTOR DEALINGS: Lok'nStore Executive Chairman Exercises, Sell Shares

LONDON (Alliance News) - Lok'nStore Group PLC Friday said that Executive Chairman Simon Thomas exercised options over 200,000 shares and sold them all at 204.0 pence each. Thomas holds a 8.32% shareholding in the company, with a total of 2.1 million shares. Shares in the self-storage

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28 Apr 2014 11:59

Lok'nStore First-Half Profit, Revenue Rises; Ups Dividend 20%

LONDON (Alliance News) - AIM-listed self storage company Lok'nStore Group PLC Monday reported an increase in first-half profits and revenues boosted by its core self-storage business, and raised its dividend by 20%. Lok'nStore reported a pretax profit of GBP916,000 for the six months ended

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28 Apr 2014 09:14

UK BROKER RATINGS: SocGen Raises AstraZeneca Price Target By 33%

LONDON (Alliance News) - The following UK shares received analyst recommendations Monday morning:
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FTSE 100
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CREDIT SUISSE CUTS DIAGEO TO 'NEUTRAL' ('OUTPERFORM) - PRICE TARGET 1950 (2200) PENCE
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BERENBERG RAISES SHI

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28 Apr 2014 08:37

Lok'nStore H1 profit powers ahead

- Robust first-half trading, 20 per cent dividend hike - Five new stores planned over next 18 months - Confident for future trading Self-storage firm Lok'nStore reported improved revenue for the first half of its financial year and said trading has accelerated in recent months. Group revenue for t

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25 Feb 2014 15:48

Sports Direct non-exec sells over half his stake

Simon Bentley, a Non-Executive Director at Sports Direct International, on Tuesday sold 15,000 shares in the FTSE 100-listed retailer, reducing his stake to just 10,000. The director, who sold the shares for 792.50p a piece, was able to benefit from the recent strong rise in the group's share pric

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25 Feb 2014 13:26

DIRECTOR DEALINGS: Lok'n'Store Non-Executive Sells Shareholding, Resigns From Board

LONDON (Alliance News) - Lok'n'Store Group PLC Tuesday said non-executive director Douglas Hampson sold his entire holding of four million shares at GBP1.95 worth approximately GBP7.9 million Friday. Following this transaction, Hamson has no interest in the storage company and resigned from

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17 Feb 2014 11:13

Lok'n'Store Says Half-Year Trading In Line With Expectations

LONDON (Alliance News) - Lok'n'Store Group PLC said Monday it is trading in line with expectations in its first-half, with its core self-storage business recording a 7.8% revenue increase in during a traditionally slower trading period. The AIM-listed self-storage firm said in its pre-close

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6 Jan 2014 07:31

Lok'nStore Group To Build New Centre On Bristol Retail Park

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