Big Yellow - A play on commercial and residential property

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Kievtrader - Fri, 29 Dec 06 :

Great stock and will go higher on back of REIT news in new year and possible bid. I've just taken a little profit on this one and brought 22,000 LOK - Lok'n Store which is in same sector of self storage but is a lot cheaper than this one. BYG trades at 700p at a 100% premium to Net asset value. LOK in recent results came out with NAV of 213p per share so the share price at 227p is only a little above this NAV -if it performs the same as BYG (which has doubled in a year) then LOK will also trade at 100% premium and could double to 400p but I suspect a bid will come before this can happen - as is the case for BYG. doubled up on BYG and will wait for further gains and possible bid before coming out of the rest and rolling over into LOK for exposure to the same self-storage sector but with more upside from current levels than BYG. Let's hope for a 800p bid on BYG in next few weeks.


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