Get Live Data

REMINDER: Our user survey closes on Friday, please submit your responses here. 

Less Ads, More Data, More Tools Register for FREE
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

  2. Share Prices
  3. Lok N Store Share Price
  4. Lok N Store Share News
  5. Occupancy growth boosts Lok'n Store's revenue

Pin to quick picksLok N Store Share News (LOK)

Lok N Store Information

Share Price Information for Lok N Store (LOK)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,110.00
Bid: 1,105.00
Ask: 1,110.00
Change: 5.00 (0.45%)
Spread: 5.00 (0.452%)
Open: 1,110.00
High: 1,110.00
Low: 1,100.00
Prev. Close: 1,105.00
LOK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Occupancy growth boosts Lok'n Store's revenue

Mon, 29th Apr 2019 07:04

(Sharecast News) - Lok'n Store Group on Monday reported double-digit interim profit and revenue growth following growth to unit occupancy.The self-storage group recorded revenue of £8.5m for the six-month period ended 31 January, an increase of 10% compared to the same period a year beforehand, which drove profit before tax up by 20% to £2.7m.Consequently, the business increased its interim dividend by 10% to 3.67p per share.This came as unit occupancy rose by a healthy 8%, up 2.4% from the same period last year, and unit pricing was up 1.4%, while the AIM-traded company's ninth managed store opened in Dover during the period.Andrew Jacobs, chief executive of Lok'nStore, said: "Lok'nStore's trading is strong and our outlook remains confident. With low gearing helped by capital recycling, we will continue to build more landmark stores in a structurally under-supplied market.""In the first half of this year we opened a new store, acquired an existing operation and added two more sites to our pipeline. We have opened two more sites since the period-end and two more sites are currently with lawyers."The company acquired an existing trading store in Hedge End, Southampton, snapped up two new sites in Stevenage and Wolverhampton and said its current pipeline of eight contracted stores will add 27% of extra trading space to the overall portfolio, 32% to its owned portfolio and 10% to the managed portfolio.This pipeline is intended to contribute towards the business' strategy of filling stores and improve pricing to increase cash flow from the existing stores, acquiring sites on which to build landmark stores, and increasing the number of stores managed for third parties.Lok'n Store Group had cash and cash equivalents of £11.2m at the end of the period, up from £5.4m at the same point the year before."Our objective is to open more landmark stores while remaining conservatively geared delivering sustainable growth and consistently increasing dividends," said Jacobs.Lok'n Store Group's shares were up 0.15% at 495.75p at 0855 BST.
More News
22 Apr 2024 14:35

Revenue up, adjusted earnings down for Lok'nStore

(Sharecast News) - Self-storage operator Lok'nStore Group reported a 4.3% increase in revenue in its interim results on Monday, to £14.17m, with headline self-storage revenue rising 4.9% to £13.33m.

Read more
22 Apr 2024 11:58

EARNINGS: Lok'n Store has "positive but muted" growth as Shurgard bids

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
11 Apr 2024 17:13

FTSE 100 edges lower as financials drag

Lok'nStore surges to all-time high after buyout by Shurgard

*

Read more
11 Apr 2024 16:53

LONDON MARKET CLOSE: Dwindling US Fed cut hope unnerves markets

(Alliance News) - Stock prices in London closed lower on Thursday, with a hawkish interest rate outlook for the Federal Reserve and geopolitical tensions hurting investor enthusiasm.

Read more
11 Apr 2024 15:56

London close: Stocks finish lower as ECB stands pat

(Sharecast News) - London's stock markets finished in negative territory on Thursday, as investors reacted to the European Central Bank's latest policy announcement and a producer price index release in the United States.

Read more
11 Apr 2024 09:27

AIM WINNERS & LOSERS: Lok'n Store up on takeover offer from Shurgard

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

Read more
11 Apr 2024 08:54

LONDON MARKET OPEN: European markets mixed ahead of ECB decision

(Alliance News) - European equities lacked direction early Thursday morning, ahead of an interest rate decision from the European Central Bank this afternoon.

Read more
11 Apr 2024 08:37

Lok'n Store agrees GBP378 million takeover from Belgium's Shurgard

(Alliance News) - Lok'n Store Group PLC on Thursday accepted a takeover approach from Shurgard Self Storage Ltd that values the business at GBP378 million.

Read more
11 Apr 2024 07:44

Shurgard agrees $474 mln deal to buy self-storage rival Lok'nStore

LONDON, April 11 (Reuters) - European self-storage company Shurgard has agreed to buy UK-listed rival Lok'nStore in a deal worth 378 million pounds ($474 million), the companies said in a joint statement on Thursday.

Read more
11 Apr 2024 07:42

Shurgard to buy Lok'nStore in £378m deal

(Sharecast News) - Self-storage firm Lok'nStore said on Thursday that it has agreed to be bought by Belgian rival Shurgard in a £378m deal.

Read more
11 Apr 2024 07:21

Shurgard agrees $474 mln deal to buy self-storage rival Lok'nStore

LONDON, April 11 (Reuters) - European self-storage company Shurgard has agreed to buy UK-listed rival Lok'nStore in a deal worth 378 million pounds ($474 million), the companies said in a joint statement on Thursday.

Read more
20 Feb 2024 14:36

Lok'nStore reports positive first-half progress

(Sharecast News) - Self-storage operator Lok'nStore reported a continued positive trajectory in its operations in a first-half trading update on Tuesday.

Read more
20 Feb 2024 09:50

Lok'n Store Group confident of momentum on pipeline progress

(Alliance News) - Lok'n Store Group PLC on Tuesday celebrated "significant" progress on its new store pipeline, after openings in Basildon and Kettering.

Read more
29 Dec 2023 15:57

UK dividends calendar - next 7 days

Monday 1 January 
no events scheduled 
Tuesday 2 January 
Blackrock Sustainable American Income Trust PLCdividend payment date
Fuller Smith & Turner PLCdividend payment date
Land Securities Group PLCdividend payment date
Wednesday 3 January 
Bunzl PLCdividend payment date
FirstGroup PLCdividend payment date
Next PLCdividend payment date
QinetiQ Group PLCex-dividend payment date
Thursday 4 January 
Artemis Alpha Trust PLCex-dividend payment date
Auto Trader Group PLCex-dividend payment date
AVI Global Trust PLCspecial dividend payment date
AVI Global Trust PLCdividend payment date
Baillie Gifford European Growth Trust PLCex-dividend payment date
Big Yellow Group PLCex-dividend payment date
Blackrock Frontiers Investment Trust PLCex-dividend payment date
Braemar PLCex-dividend payment date
Caledonia Investments PLCdividend payment date
Castings PLCdividend payment date
Cohort PLCex-dividend payment date
CT Private Equity Trust PLCex-dividend payment date
CT UK High Income Trust PLCex-dividend payment date
Dr Martens PLCex-dividend payment date
Experian PLCex-dividend payment date
F&C Investment Trust PLCex-dividend payment date
Great Portland Estates PLCdividend payment date
Henderson Diversified Income Trust PLCex-dividend payment date
Henderson European Focus Trust PLCex-dividend payment date
ICG-Longbow Senior Secured UK Property Debt Investments Ltdex-dividend payment date
Iomart Group PLCex-dividend payment date
James Latham PLCex-dividend payment date
Martin Currie Global Portfolio Trust PLCex-dividend payment date
Murray International Trust PLCex-dividend payment date
Severfield PLCex-dividend payment date
Shires Income PLCex-dividend payment date
Smart Metering Systems PLCex-dividend payment date
Town Centre Securities PLCdividend payment date
Triad Group PLCex-dividend payment date
Walker Crips Group PLCex-dividend payment date
Workspace Group PLCex-dividend payment date
Friday 5 January 
British Land Co PLCdividend payment date
Hill & Smith PLCdividend payment date
JD Sports Fashion PLCdividend payment date
JPMorgan Global Growth & Income PLCdividend payment date
Liontrust Asset Management PLCdividend payment date
Lok'n Store Group PLCdividend payment date
Real Estate Credit Investments Ltddividend payment date
RS Group PLCdividend payment date
Tate & Lyle PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
30 Nov 2023 15:29

UK shareholder meetings calendar - next 7 days

Friday 1 December 
Croma Security Solutions Group PLCAGM
HeiQ PLCGM re annual report approval
James Halstead PLCAGM
More Acquisitions PLCGM re capital raise
Myanmar Investments International LtdGM re cancellation to trading on AIM
Plaza Centers NVAGM
ScS Group PLCAGM
Monday 4 DecemberGM re additional listing on the NYSE
Diversified Energy Co PLCGM re purchase of 15% of the company's own shares
Palace Capital PLCAGM
PRS REIT PLC 
Tuesday 5 DecemberAGM
450 PLC 
Wednesday 6 December 
Alternative Liquidity Fund LtdAGM
Bowleven PLCAGM
Gattaca PLCAGM
STM Group PLCcourt meeting and EGM re takeover by Pension SuperFund Capital
VinaCapital Vietnam Opportunity Fund LtdAGM
Virgin Wines UK PLCAGM
Thursday 7 December 
Asia Dragon Trust PLCAGM
Bioventix PLCAGM
Darktrace PLCAGM
Doric Nimrod Air Two LtdAGM
essensys PLCAGM
Fidelity Emerging Markets LtdAGM
GS Chain PLCAGM
Haydale Graphene Industries PLCAGM
Kibo Energy PLCAGM
Kin & Carta PLCAGM
Lok'n Store Group PLCAGM
Parity Group PLCGM re sale of Parity Professionals to Network Ventures
Supermarket Income REIT PLCAGM
Westmount Energy LtdAGM
YouGov PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
12345678910

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.