Self-storage company Lok’nStore today noted the movement in its share price over the last week and confirmed that it was not aware of any operational reason for the fall.
The company said: Trading continues to be strong throughout Lok’nStore’s portfolio of sites and, in line with its stated strategy at the time of its fund raising in June 2002, it continues to seek out opportunities to acquire new sites which fit its stringent acquisition and IRR criteria.
Its shares, which were trading at 130p a week ago, are trading at 93p (down 7.5% on the day).
EGi News 29/10/02
