Market's view on Lok N Store
Published on April 2024
- Speculation about a potential counter-bid for the company, given the growing market and the advantages of acquisition over organic expansion.
- Observations about the bid price currently being above the offer price, indicating the possibility of another bidder.
- Discussion on the stock trading above the offer price, which is rare and suggests a chance of a counter-bid.
- Mention of possible interest from competitors like Big Yellow or Safestore in making a counter-bid.
- Personal investment stories shared, highlighting significant long-term gains and dividends received from the company.
- Concerns raised about the leakage of takeover details affecting market integrity and the possibility of insider dealing.
- Observations on the company’s operational status, noting weaknesses in occupancy but offset by price increases and asset revaluation.
- Discussions on the company’s financial health and potential as a takeover target, citing low debt and good trading prospects.
- Mention of Lok’n Store’s trading update, indicating an increase in same-store self-storage revenue and ongoing developments in their store portfolio.
- Concerns about a dilutive fundraising event that affected shareholders who did not participate.