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Strong update from Lok’nStore but, but, but

By Chris Bailey | Monday 8 August 2022


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.


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".

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