BUY: Lok’n Store (LOK)
The storage company’s development pipeline is the key to driving its growth, writes Mark Robinson.
Lok’n Store was one of the leading risers on Aim after the self-storage company announced a 37 per cent rise in cash profits to £16.4mn. The strong annual showing was driven by a 13 per cent increase on the achieved rate on occupied space combined with a 6.4 percentage point reduction in total operating costs as a proportion of revenues to 38.5 per cent….