GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLok N Store Share News (LOK)

Share Price Information for Lok N Store (LOK)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,105.00
Bid: 1,105.00
Ask: 1,110.00
Change: 0.00 (0.00%)
Spread: 5.00 (0.452%)
Open: 1,110.00
High: 1,110.00
Low: 1,105.00
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

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
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.

Read more
5 Jul 2021 09:48

Lok'nStore trading well as it expands new store pipeline

(Sharecast News) - Self-storage company Lok'nStore updated the market on its new store development pipeline on Monday, which when delivered would result in the group operating 51 stores.

Read more
8 Feb 2021 16:26

First half revenue rises for Lok'nStore

(Sharecast News) - Self-storage operator Lok'nStore updated the market on its first half on Monday, reporting "strong" trading, with self-storage revenue up 11% year-on-year.

Read more
2 Feb 2021 13:33

Lok'nStore progresses pipeline as it targets 33pc more lettable space

(Sharecast News) - Self-storage company Lok'nStore updated the market on its new store development pipeline on Tuesday, reporting that it had exchanged contracts on a new 56,000 square foot store in Staines, Middlesex, due to open in 2022.

Read more
1 Feb 2021 11:04

Lok'nStore acquires Chichester store, sells Wolverhampton site

(Sharecast News) - Self-storage provider Lok'nStore has acquired the Lok'nStore-managed site in Chichester, it announced on Monday, and sold its freehold land site at Pantheon Park in Wolverhampton.

Read more
18 Dec 2020 15:46

Director dealings: Lok'n Store director ups stake

(Sharecast News) - Lok'n Store Group revealed on Friday that senior non-executive director Edward Luker had acquired 6,200 orders shares in the AIM-listed self-storage firm.

Read more
20 Jul 2020 13:18

Lok'nStore extends facility to help fund site acquisitions

(Sharecast News) - Self storage company Lok'nStore announced the agreement of a one-year extension to its existing joint banking facility with Royal Bank of Scotland and Lloyds Bank on Monday.

Read more
27 Apr 2020 13:16

Lok'nStore sees first-half revenues jump, warns of softer trading ahead

(Sharecast News) - Lok'nStore Group said its "robust" capital structure would protect it from the current economic uncertainty, as it posted a jump in first-half revenues.

Read more
8 Jan 2020 09:06

Lok'nStore makes progress with several new stores

(Sharecast News) - Self storage company Lok'nStore updated the market on its pipeline of new landmark stores on Wednesday, reporting that it exchanged contracts with Lidl subject to planning on the shared use of its freehold site in Cheshunt, Hertfordshire.

Read more
29 Apr 2019 10:54

Lok'nStore Revenue And Profit Rises On New Store Openings, Occupancy

LONDON (Alliance News) - Lok'nStore Group PLC on Monday said its revenue and profit increased in the first half of its current financial year, thanks for higher prices and improved company in

Read more
29 Apr 2019 07:04

Occupancy growth boosts Lok'n Store's revenue

(Sharecast News) - Lok'n Store Group on Monday reported double-digit interim profit and revenue growth following growth to unit occupancy.

Read more
25 Apr 2019 15:55

Lok'nStore agrees new £75m facility to fund new store development

(Sharecast News) - Self storage provider Lok'nStore announced the agreement of a new £75m five-year revolving credit facility on Thursday, which would replace its existing £50m facility and provide funding for site acquisitions and development, to support the group's growth plans.

Read more
25 Apr 2019 13:29

Lok'nStore Agrees New Debt Facility Worth Up To GBP100 Million

LONDON (Alliance News) - Self-storage firm Lok'nStore Group PLC has increased the size of its revolving credit facility, it said Thursday.Lok'nStore has signed a GBP75 million with

Read more
11 Feb 2019 12:54

Lok'nStore revenues rise amid 'robust' sales growth

(Sharecast News) - Self-storage company Lok'nStore reported a rise in first-half revenue on Monday amid "robust" sales growth.

Read more
1 Feb 2019 09:27

Lok'n Store Sells Document Storage Business For Nearly GBP8 Million

LONDON (Alliance News) - Self-storage company Lok'n Store Group PLC said on Friday it has sold its document storage business Saracen Datastore Ltd to records management company Iron Mountain a

Read more

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.