Lok’nStore’s H1 2017 results confirm continued good progress in its strategic development. The existing stores continue to fill, the newly opened stores are trading well, and new opportunities are being secured. Against the backdrop of a structural undersupply of self storage in the UK, and supported by a strong balance sheet, we continue to see strong growth prospects for the group and have raised our target price to 510p (from 478p), removing the discount to peers.
24 Apr 2017
Growth supported by a strong balance sheet
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Growth supported by a strong balance sheet
Lok'nStore Group plc (LOK:LON) | 1,108 -55.4 (-0.5%) | Mkt Cap: 364.3m
- Published:
24 Apr 2017 -
Author:
Guy Hewett -
Pages:
12
Lok’nStore’s H1 2017 results confirm continued good progress in its strategic development. The existing stores continue to fill, the newly opened stores are trading well, and new opportunities are being secured. Against the backdrop of a structural undersupply of self storage in the UK, and supported by a strong balance sheet, we continue to see strong growth prospects for the group and have raised our target price to 510p (from 478p), removing the discount to peers.