News blog


  • BY: Andrew Hore |
  • POSTED: 28/07/2010 |

Self-storage company Lok’nStore says that second half trading has been good.

The operating performance is in line with expectations for the year to July 2010. During the year, occupancy has grown by 3% and prices per square foot are 5% higher.

Lok’nStore recently extended the leases of two existing facilities on improved terms. There was a cash inflow of £169,500 and savings of £113,000 spread over eight months. In income terms, the benefits will be recognised over the 15 years of the lease.

At 85.5p a share, Lok’nStore is valued at £21.9m. The NAV – based on directors valuations before deferred tax – was 210p a share at the end of January. Excluding tax, it is 168p a share.

Full year figures will be published on 8 November.

© 2023 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds