This share seems pretty unfashionable as nobody ever seems to mention it on any of the discussion boards I look at nor ever wants to if I try to start threads. Advice wanted though. i am in on this and have watched the share price rise almost 100% in a year. In this time trade volume has steadily increased but late Friday this was announced (attached below) and trade volume was huge on top of this particular massive trade. I am a pretty inexperienced investor and am kinding of learning as I go along. What does this announcement signify? Any ideas? May be obvious but not to me. Seems to have kicked in now the price has broken the 2 barrier. Any thoughts would be appreciated.

Cheers:

Big Yellow Group PLC

Secondary Placing

Big Yellow Group PLC ("Big Yellow" or the "Company") has been informed that Big
Yellow Investment (Bermuda) Limited and PGA Big Yellow Limited (together the "
Selling Shareholders") have today disposed of their entire holding of ordinary
shares in the Company by way of a placing. Big Yellow Investment (Bermuda)
Limited is an indirect wholly owned subsidiary of Prudential Financial, Inc. ("
Pramerica"), while PGA Big Yellow Limited is an investment owned by a fund
managed by a subsidiary of Pramerica.

Cazenove & Co. has placed 28,145,904 ordinary shares held by the Selling
Shareholders, representing approximately 28.1 per cent. of the issued share
capital of the Company, on their behalf with certain institutions at a price of
190 pence per ordinary share. Following the placing the Selling Shareholders do
not hold any ordinary shares in the Company.

StockMarketWire.com
Big Yellow Group reports a good first half with growth in both occupancy and net rent per sq ft.

Revenue for the six months to the end of September was £54.8 million (2015: £50.2 million), an increase of 9% with like-for-like revenues up 7% at £53.8 million. Cash inflows from operating activities (after finance costs) increased by 10% to £28.9 million for the period (2015: £26.3 million).

The group made an adjusted profit before tax in the period of £27.0 million, up 13% from £23.9 million for the corresponding period last year.

Adjusted diluted EPRA earnings per share were 16.9 pence (2015: 15.1 pence), an increase of 12%.

The group's statutory profit before tax for the period was £57.7 million, a decrease of 3% from £59.6 million for the corresponding period last year, due to a slightly lower revaluation gain in the period.

The group's interest cover for the period (expressed as the ratio of cash generated from operations pre-working capital movements against interest paid) was 6.1 times (2015: 6.4 times). This is comfortably ahead of its internal minimum interest cover requirement of 5 times.

Executive chairman Nicholas Vetch said: "In this seasonally stronger six month trading period, the Group has delivered a solid performance with like-for-like revenue growth of 7% compared to the same period last year. Given that our central overhead and operating expense is largely embedded in the business, this reported revenue growth has led to a 12% increase in adjusted earnings per share and equally in the interim dividend.

"I will leave it to others to comment on the momentous political events of the last six months. Only time will tell whether this translates into economic reversals, but we are on heightened alert.

"It would not come as a surprise to us for activity levels and demand in the next year or two to be more subdued than in recent years. That said, we have been planning for this eventuality since 2008, and believe that the business is well placed to face down most challenges.

"Whilst demand for self storage will ebb and flow, new supply in our key areas of operation, a key risk to the business, will, in our view, be constrained over the medium to longer term. We therefore look forward to future challenges with a mixture of caution and confidence."

Big Yellow like-for-like revenues rise
StockMarketWire.com
Big Yellow Group's like-for-like revenues in its seasonally weaker third quarter rose by 8% to £29.6m.

The 73 stores decreased in occupancy by 170,000 sq ft (3.7% of the maximum lettable area at 31 Dec) compared to a loss of 137,000 sq ft in the corresponding quarter last year (3.0% of the MLA at 31 Dec 2016).

Sq ft moved in for the quarter increased by 3% compared to the corresponding quarter last year, while move-outs were up 5% following the strong summer trading.

The group saw continued improvement in net rents over the quarter.

The average achieved net rent per sq ft for the quarter was up 1.3% compared to the corresponding quarter last year.

Closing net achieved rent per sq ft was £26.89, an increase of 2.1% from the same time last year and up 3.3% from 31 March 2017.

Chief executive James Gibson said: 'Following strong summer trading the December quarter, as expected, saw seasonal attrition in occupancy, closing at 80.1%, an increase of 4.6 ppts from the same time last year.

'Given the higher levels of overall occupancy in the business, we are pleased to have seen continued improvement in net rents driven by our pricing model.

'We are also reporting improving growth in year on year revenue over the quarter, with an increase to 8.0% from 5.7% growth reported at the half year.

'Importantly, although this was driven mainly through occupancy, we did see a contribution from an improvement in average net achieved rents.

'We remain focussed on occupancy, January has started positively, and we look forward to delivering growth in occupancy and revenue over the current fourth quarter and continuing this into our seasonally stronger spring and summer trading period.'



Story provided by StockMarketWire.co

StockMarketWire.com
Big Yellow Group reported Thursday like-for-like revenue increased by 7.6% in the fiscal first quarter as occupancy rose by 131,000 square feet resulting in a closing occupancy of 83.4%.

For the three months to 30 June, like-for-like occupancy increased 2.6% to 84.2% and net rent per square foot increased by 3.2% compared to the same quarter last year.

The strong performance was supported by a 'more balanced contribution from occupancy and rate growth than in the previous year,' the company said.

'We have continued to grow our like-for-like occupancy to over 84%, and remain focussed on our core objective of 90% across the portfolio,' said James Gibson, Chief Executive Officer.

'We are continuing to follow a more aggressive expansion strategy, largely through the acquisition of raw land as there are very few existing stores that are available to purchase and of the requisite quality.'