Lok’nStore's growth strategy continues to deliver, evidenced by strong H1 results with sales up 5%, costs down slightly, EPS up 26% and NAV per share up 14% on H1 2015. Operating cash flow remained strong, supporting a 15% rise in the interim dividend and the development of new stores. There are currently 25 open stores in the portfolio, a replacement store in Southampton and a new store in Bristol are due to open early May 2016 and there is a pipeline of 4 new stores. This growth will
25 Apr 2016
Rolling out a proven growth model
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Rolling out a proven growth model
Lok'nStore Group plc (LOK:LON) | 1,108 0 0.0% | Mkt Cap: 364.3m
- Published:
25 Apr 2016 -
Author:
Guy Hewett -
Pages:
12
Lok’nStore's growth strategy continues to deliver, evidenced by strong H1 results with sales up 5%, costs down slightly, EPS up 26% and NAV per share up 14% on H1 2015. Operating cash flow remained strong, supporting a 15% rise in the interim dividend and the development of new stores. There are currently 25 open stores in the portfolio, a replacement store in Southampton and a new store in Bristol are due to open early May 2016 and there is a pipeline of 4 new stores. This growth will