MediaZest – results, ‘several long term roll out projects have now restarted’… so why the share price fall?...
Back in April I observed that the thought of paying up for self-storage at a name like Lok'nStore (LOK) for me was beyond the pale. As it happens I am far from being a hoarder and live my life a little bit closer to the ideals of the Japanese organising consultant Marie Kondo...but it seems I am far from the norm…
Unless you are an accounting geek who gets excited about post-IFRS 16 updates from Tesco (TSCO), there was not much to excite in today's crop of larger cap names...which means my attention was drawn to the interim results from Lok 'n Store (LOK) – the strangely-named, 'fast growing...self-storage company'. The combination of a consumption society (aka having too much stuff) with pressure on the housing stock has led to the growth and growth of this sector...
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