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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: 1,105.00
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: 1,105.00
Prev. Close: 1,110.00
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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."

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29 Oct 2018 09:50

Lok'nStore Full-Year Profit Rises On Higher Demand For Storage Units

LONDON (Alliance News) - Lok'nStore Group PLC on Monday said its earnings grew in its recently ended financial year following a rise in occupancy and store numbers.The self-storage said

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6 Aug 2018 10:37

Lok'nStore full-year revenue jumps amid 'strong' trading

(Sharecast News) - AIM-listed self-storage company Lok'nStore reported a jump in full-year revenue on Monday as it hailed "strong" trading.

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11 Jun 2018 10:32

Lok'n Store Buys Two Landmark Store Sites In GBP15 Million Investment

LONDON (Alliance News) - Self-storage firm Lok'n Store Group PLC said Monday it acquired two new freehold sites in order to develop two new "landmark" stores at a cost of up to GBP15

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23 Apr 2018 10:43

Lok'n Store Works Toward Storage Pipeline With Strong First Half

LONDON (Alliance News) - Storage provider Lok'n Store Group PLC said on Monday it plans more expansion as profit and revenue for the first half of its financial year rose.For the six to

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8 Mar 2018 13:16

DIRECTOR DEALINGS: Lok'nStore Chairman Sells 20,000 Shares

LONDON (Alliance News) - Lok'nStore Group PLC said Thursday that Chairman Simon Thomas sold 20,000 ordinary shares at 390 pence per share, as part of his be

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13 Feb 2017 12:37

Lok'nStore posts 'solid' first half

(ShareCast News) - Self-storage company Lok'nStore provided an update on its trading in the first half of the financial year to 31 January on Monday. The AIM-traded firm said, building on the positive momentum of FY2016, trading in the first half of FY2017 remained solid. In its core self-storage b

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13 Feb 2017 07:39

Lok'nStore Hails Good Momentum As First Half Revenue Rises

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31 Jan 2017 08:41

Lok'nStore Extends GBP40 Million RBS Loan To January 2023

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17 Oct 2016 10:20

Lok'nStore improves FY pre-tax profit

(ShareCast News) - Lok'nStore has hiked its full-year pretax profit to £5.5m from £2.7m a year earlier, and said its rapid-development programme can be financed from cash flow and existing banking facilities. Adjusted net asset value per share rose 27.6% to 386p, from 302p. Annual dividend was 9p

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8 Aug 2016 13:29

Lok'nStore's revenues grow due to store expansion

(ShareCast News) - Storage company Lok'nStore's revenues increased due to store expansion. In a trading update for the year ended 31 July, the company's revenue grew by 5.2% compared to the same period last year. Self-storage unit occupancy increased by 2% and the price per let square foot incre

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4 Aug 2016 12:53

Lok'nStore signs management contract for Hertfordshire, Kent stores

(ShareCast News) - Self-storage company Lok'n Store signed management contracts to develop and operate two new stores in Hertfordshire and Kent to continue its expansion strategy. Building work is to start immediately, funded by the owners of the sites and should open in 2017. The company secured p

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5 May 2016 07:56

Lok'nStore Buy Two New Sites For Stores, To Open At End Of 2017

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25 Apr 2016 07:32

Lok'nStore first-half profit jumps 156%

(ShareCast News) - AIM-listed self-storage company Lok'nStore Group reported a 155.5% jump in first-half profit as revenue grew and costs declined. In the six months to the end of January, pre-tax profit rose to £3.79m from £1.48m in the same period last year, on revenue of £7.99m, up 4.7%. The gro

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