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
