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Pin to quick picksLok N Store Share News (LOK)

Share Price Information for Lok N Store (LOK)

London Stock Exchange
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Share Price: 1,105.00
Bid: 1,100.00
Ask: 1,105.00
Change: 0.00 (0.00%)
Spread: 5.00 (0.455%)
Open: 1,110.00
High: 1,110.00
Low: 1,100.00
Prev. Close: 1,105.00
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Sunday share tips: Eden Research, Lok'nStore

Sun, 04th Jun 2023 15:02

(Sharecast News) - The Financial Mail on Sunday's Midas column told readers that shares of Eden Research should more than quintuple in price as it reaps the fruits of its "huge" progress in recent times.

Among the milestones reached by the plant-based pest control outfit was growing acceptance among regulators worldwide for Mevalone, its solution against fungal disease in fruit and vegetables.

In just the past six weeks, Mevalone had been greenlighted by regulators in Poland, New Zealand, Florida and California, which should drive sales further.

Another product, Cedroz, against root knot nematodes had been garnering more approvals from watchdogs.

And during the preceding week the company filed for EU approval for Ecovelex, which keeps birds from pecking on crop seeds.

Ecovelex may even gain emergency approval, which would allow its use for next year's harvest.

All of the above was expected to lift the company's bottom line out of the red and into the black over the next couple of years.

In parallel, Eden was researching insecticide treatments that didn't use micro-plastics.

"Eden's plant-based pesticides allow crops, fruit and vegetables to grow and mature unencumbered by disease or synthetic treatments. At 3.65p, the shares are a buy."

The Sunday Times's Lucy Tobin tipped shares of Lok'nStore to readers, highlighting the self-storage group's growth plans and cash pile as reasons to buy in.

She also spied the potential for a bid from one of its larger rivals, Big Yellow or Safestore.

Same-store revenues had jumped by 11% to £13m over the over the six months ending in February, yet its shares had come by 10% over the preceding 12 months.

Admittedly, the shares were changing hands on 29 times their estimated 2023 earnings.

But 11 more stores, on top of its 40 existing ones, were in the pipeline and would add about 50% more total space.

Four more stores were set to open by the end of the next financial year.

The company also had £40.3m of cash on its balance sheet, of which some would be funelled into its pipeline.

Tobin also called attention to the business's conservative management under its boss, Andrew Jacobs.

"As retail and office real estate markets adapt to big structural changes, self- storage continues to grow - and with valuable pricing power in the current inflationary environment," she said.

"Space is becoming an ever-more precious commodity; buy in to Lok'nStore."

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.

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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:

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11 Apr 2024 17:13

FTSE 100 edges lower as financials drag

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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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. 

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