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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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Share Price: 1,110.00
Bid: 1,110.00
Ask: 1,115.00
Change: -5.00 (-0.45%)
Spread: 5.00 (0.45%)
Open: 1,110.00
High: 1,115.00
Low: 1,105.00
Prev. Close: 1,115.00
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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
31 Oct 2022 18:01

EARNINGS SUMMARY: Lok'nStore profit grows; Rosslyn Data loss widens

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

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31 Oct 2022 12:00

Lok'nStore reports record full-year revenue and profits

(Sharecast News) - Self-storage operator Lok'nStore reported record revenue and profits in its preliminary results on Monday, as it hiked its dividend by 15%.

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24 Oct 2022 15:50

UK earnings, trading statements calendar - next 7 days

Tuesday 25 October 
HSBC Holdings PLCQ3 Results
Jubilee Metals Group PLCFull Year Results
Petra Diamonds LtdTrading Statement
Shoe Zone PLCTrading Statement
Softcat PLCFull Year Results
THG PLCTrading Statement
Tristel PLCFull Year Results
Whitbread PLCHalf Year Results
Wednesday 26 October 
Barclays PLCQ3 Results
Bloomsbury Publishing PLCHalf Year Results
Bytes Technology Group PLCHalf Year Results
Ecora Resources PLCTrading Statement
Elementis PLCTrading Statement
Essentra PLCTrading Statement
Fresnillo PLCQ3 Results
Oakley Capital Investments LtdTrading Statement
Reckitt Benckiser Group PLCQ3 Results
RWS Holdings PLCTrading Statement
Standard Chartered PLCQ3 Results
Virgin Wines UK PLCFull Year Results
WPP PLCTrading Statement
Thursday 27 October 
Airtel Africa PLCHalf Year Results
Anglo American PLCTrading Statement
Aveva Group PLCTrading Statement
C&C Group PLCHalf Year Results
Foxtons Group PLCTrading Statement
HarbourVest Senior LoansFull Year Results
Henderson Opportunities Trust PLCQ3 Results
Lloyds Banking Group PLCTrading Statement
Inchcape PLCTrading Statement
Indivior PLCQ3 Results
InvensysQ3 Results
PPHE Hotel Group LtdTrading Statement
Shell PLCQ3 Results
Unilever PLCQ3 Results
Yamana Gold IncQ3 Results
Friday 28 October 
AIB Group PLCTrading Statement
Computacenter PLCTrading Statement
ContourGlobal PLCTrading Statement
Glencore PLCQ3 Results
Grit Real Estate Income Group LtdFull Year Results
International Consolidated Airlines Group SAQ3 Results
Industrials REIT LtdTrading Statement
NatWest Group PLCQ3 Results
Monday 31 October 
Airtel Africa PLCHalf Year Results
Lok'n Store Group PLCFull Year Results
Renalytix PLCFull Year Results
RM Infrastructure Income PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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8 Aug 2022 11:27

Lok'n Store expects full-year revenue growth thanks to strong demand

(Alliance News) - Lok'n Store Group PLC on Monday reported "excellent" revenue and pricing growth on the back of sustained strong demand.

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8 Aug 2022 09:22

Lok'nStore FY self-storage revenues up 17.3% YOY

(Sharecast News) - Lok'nStore said on Monday that full-year self-storage revenues had risen 17.3% year-on-year, following "unprecedented occupancy" and pricing gains in the previous year.

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25 Apr 2022 17:50

TRADING UPDATES: Audioboom in maiden annual profit; Eqtec loss narrows

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

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25 Apr 2022 09:34

Lok'nStore hikes dividend after strong first-half growth

(Sharecast News) - Lok'nStore Group reported "strong growth" in occupied space and its achieved rate per square foot in its interim results on Monday, as well as a "significant" increase in net asset value, and an increased dividend.

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13 Mar 2022 13:50

Sunday share tips: Tesco, DS Smith

(Sharecast News) - The Financial Mail on Sunday's Midas column recommended shares of five companies to readers, pointing out that history proved that the best time to buy shares was often when everyone else was running scared.

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4 Mar 2022 14:16

IN BRIEF: Lok'n Store non-executive director sells 8,000 shares

Lok'n Store Group PLC - Hampshire, England-based self-storage - Non-Executive Director Charles Peal sells 8,000 shares, mostly at 971.38 pence, worth about GBP78,000, on Monday and Wednesday. Now has 836,498 shares, a 2.8% stake.

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16 Feb 2022 13:22

IN BRIEF: Lok'n Store non-exec director Holmes sells 5,000 shares

Lok'n Store Group PLC - Hampshire, England-based self-storage - Non-Executive Director Richard Holmes sells 5,000 shares at 1,000.00 pence, worth GBP50,000, on Tuesday. Now has 290,606 shares, a 1.0% stake.

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14 Feb 2022 13:05

Director dealings: Redrow board buys up after update, Lok'nStore director makes £40k sale

(Sharecast News) - Intermediate Capital Group disclosed a share purchase worth almost £0.17m on Monday, made by one of its non-executive directors.

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8 Feb 2022 15:51

Director dealings: FinnCap exec moves shares to pension, Lok'nStore director makes sale

(Sharecast News) - FinnCap Group disclosed on Tuesday that executive director Sam Smith had transferred 350,000 shares from her personal holding into her self-invested personal pension (SIPP).

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7 Feb 2022 10:35

Lok'nStore flags strong first-half performance

(Sharecast News) - Self-storage operator Lok'nStore said in an update on Monday that trading in the first half of the 2022 financial year was "strong", with storage revenue up 34.1% year-on-year, driven by "significant" improvements in both occupancy and pricing.

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1 Feb 2022 08:01

Lok'nStore announces sale and manage-back on four freeholds

(Sharecast News) - Self-storage operator Lok'nStore announced the sale and manage-back of four of its freehold stores on Tuesday, for a total gross consideration of £39m, to Self-Storage Trading LLP.

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9 Aug 2021 15:31

Lok'nStore reports 'excellent' full year of trading

(Sharecast News) - Self storage operator Lok'nStore said in an update on Monday that trading throughout its financial year just ended was "excellent", with self-storage revenue up 20.9% year-on-year.

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