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Big Yellow Group splurges as we all continue to hoard

By Chris Bailey | Monday 13 July 2020

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I observed back in November that ‘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’. Back then I could not get excited about Lok’nStore (LOK) – and I note that this stock in down a touch since I wrote those words. On a quiet news day, I see that Lok’nStore’s peer Big Yellow Group (BYG) - the UK’s leading self storage company - announced that it was to spend £18.6 million acquiring a site in Wapping adjacent to its existing store to build a new storage centre, continuing its aim of having ‘high quality stores as close to London's city centre as possible’...

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