Results: LOK

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EPIC LOK
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Strong update from Lok’nStore but, but, but

It is over a thousand days ago when I observed that “Marie Kondo and I are both wrong about self-storage...and Lok'nStore (LOK)”. Since then, shares in the provider of self-storage space in the UK are up another 50%...whilst the lady who created the KonMari method of keeping only those things that "spark joy" has moved to California (where the ability to waffle on about anything and get paid for it is unparalleled). Today’s trading update by the company is described as exhibiting “excellent revenue and pricing growth driven by continued strong demand (and) more new stores on the way".

EPIC LOK
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House Movers Forced into Self Storage is a Great Driver for this Fast-Growing Venture

Hello Share Shakers. This old punter hopes to move out of Stacey Towers soon in favour of a new gaff with better transport connections. The experience is not proving pleasant. Though we’ve sold our present home, we can’t find anywhere else suitable to live in. My estate agent tells me he has 10 similar cases, where a home has been sold but the owners can't move for the same reason.

EPIC LOK
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Lok 'n Store – playing property valuation madness and our own over-consumption

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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