Lok’nStore has renewed its banking facility with an improved margin, enabling us to upgrade our EPS forecasts by 4-5%. The group has modest gearing, strong and predictable cash flow and an on-going programme of store openings. With macro uncertainty rising again, we expect the longterm structural growth Lok'nStore is benefiting from and on-going portfolio expansion plans in a strong market to be increasingly attractive to investors. We have raised our target price by 6% to 399p, based o
18 Jan 2016
Increasing store of value
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Increasing store of value
Lok'nStore Group plc (LOK:LON) | 1,108 -55.4 (-0.5%) | Mkt Cap: 364.3m
- Published:
18 Jan 2016 -
Author:
Guy Hewett -
Pages:
12
Lok’nStore has renewed its banking facility with an improved margin, enabling us to upgrade our EPS forecasts by 4-5%. The group has modest gearing, strong and predictable cash flow and an on-going programme of store openings. With macro uncertainty rising again, we expect the longterm structural growth Lok'nStore is benefiting from and on-going portfolio expansion plans in a strong market to be increasingly attractive to investors. We have raised our target price by 6% to 399p, based o