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Big Yellow

September 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • BYG
  • Price:
  • 301p
Shares in Big Yellow have been hidebound in a tight range for most of the past year but they remain well ahead of the main recommendation in Dec ‘08 at 198p. Last month, the company surprised the market by issuing a Q1 trading statement. Occupied space at the period end was 1.9m sq ft, up 107,000 sq ft during the quarter. Occupancy has therefore grown to 59% of the space across all 51 stores open, up from 56% during the previous quarter. That number, of course, is being dragged by immature stores. The 32 mature stores, which have been open more than two years, grew occupancy from 69.5% to 72.9%. Overall the 51 stores achieved an average net rent per sq ft over the quarter of £26.75, which is down 1% but given that many new cust ...

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Big Yellow (June 2009)
Big Yellow - Cashflow improves as base rate falls (December 2008)
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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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