Lok’nStore has reported strong results for FY 2015, ahead of our forecasts. NAV grew 11%, supported by improved trading in the existing stores and stronger market valuations. In 2016, two new, owned stores will open alongside a new management contract supporting continued good growth. We have upgraded our FY 2016 NAV forecast by 6% and our target price by 11%, and reiterate our view that the shares offer very attractive value against peers and the potential from the underlying assets
....19 Oct 2015
Rapid development programme delivering
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Lok'nStore Group plc (LOK:LON) | 1,128 112.8 0.9% | Mkt Cap: 370.9m
- Published:
19 Oct 2015 -
Author:
Guy Hewett - Pages:
Lok’nStore has reported strong results for FY 2015, ahead of our forecasts. NAV grew 11%, supported by improved trading in the existing stores and stronger market valuations. In 2016, two new, owned stores will open alongside a new management contract supporting continued good growth. We have upgraded our FY 2016 NAV forecast by 6% and our target price by 11%, and reiterate our view that the shares offer very attractive value against peers and the potential from the underlying assets
....