The Investment Column: Space is risky but Inmarsat is on growth…
The News Review:
- The Investment Column: Space is risky but Inmarsat is on growth…
- Big Yellow keeps expanding.
- e-Future Keep Winning Nanjing Vehicle Logistics Solution Project of…
The Investment Column: Space is risky but Inmarsat is on growth…
The Independent – Independent – Nov 27, 2007
Big Yellow Group Our view: Sell Share price: 435p (-5p) Big Yellow Group has had a torrid year. After hitting all-time highs of more than 700p a share on the first trading day of 2007, the stock has been in permanent decline ever since. Yesterday, as the self-storage company announced a £150m partnership deal with Pramerica Real Estate Investors, to develop up to 25 more stores across the Midlands, Scotland and north of England, the shares bounced as much as 4. 4 per cent before resuming normal service, and closing the day down 5p at 435p. So what is it that investors don’t like about the group? At first glance, it’s hard to say. The company has been very successful in the self-storage market over the past few years, stealing share from its competitors by placing its warehouses in convenient central urban areas, rather than out of town on remote industrial estates. It has maintained a relatively healthy yield on its portfolio, and has made a good success of launching new outlets to achieve steady growth…
4 per cent before resuming normal service, and closing the day down 5p at 435p. So what is it that investors don’t like about the group? At first glance, it’s hard to say. The company has been very successful in the self-storage market over the past few years, stealing share from its competitors by placing its warehouses in convenient central urban areas, rather than out of town on remote industrial estates. It has maintained a relatively healthy yield on its portfolio, and has made a good success of launching new outlets to achieve steady growth. The problem is that slowing house prices and a fragile economy have the power to derail Big Yellow’s progress. With more than half of the group’s customers accounted for by home movers who need somewhere to store excess possessions whilst in transition, the slowdown in the housing market is bad news. Meanwhile, the outlook for commercial property is not so hot either, meaning that companies like Big Yellow may see the value of their property portfolios fall at the same time that they are struggling to fill their free space.
Big Yellow keeps expanding.
Free with registration – Investors Chronicle – magazine and web… – AccessMyLibrary.com – Nov 27, 2007
Big Yellow keeps expanding. | Investors Chronicle – magazine and web content (November, 2007).
e-Future Keep Winning Nanjing Vehicle Logistics Solution Project of…
Free with registration – PR Newswire – AccessMyLibrary.com – Nov 27, 2007
During the year ended December 31, 2006, the Company acquired the remaining 1% equity interest of Chongqing CMAL Gangcheng Logistics Company Limited. Adam Yan, Chairman and CEO of e-Future, said: “e-Future has.
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