|Empiric Student Property
||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Empiric Student Property Share Discussion Threads
Showing 3501 to 3522 of 3525 messages
|Numis Add 107.50 120.00 123.00 Upgrades|
|shawzie - a telling comment from the FT recently regarding immigration numbers:
Ask a cabinet colleague whether she and her advisers are somehow ignorant of the material cost and paltry political gain that flows from curbs on foreign students, and the response is disturbingly crisp. “It’s not that they don’t know, it’s that they don’t care.”
|Jonwig - Thankyou for your comments.
A recent dividend announcement from the Company ;
"0.93 pence of this dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax exempt property rental business and 0.62 pence will be paid as an ordinary UK dividend ("non-PID")."
Is it fair to say that 40% of the dividend(1.55p) is not covered by income?
"The Board expects all future dividend payments to be substantially, if not fully, covered by adjusted earnings with effect from January 2017."
A close eye required in the days ahead.|
|Nobody wanted to talk to you, shawzie.
I'm no longer a holder here, for some of the reasons you point out in your question (though I still hold DIGS in the same sector).
I suspect you aren't as simple as you suggest, though you could still be an old country lad - like me.
• Yes, £21.7m vs £30.0m op pft.
• No. ESP is a REIT and the PID proportion of the dividend is covered by rents. The remainder looks like a forward payment on future income - ie. out of borrowings.
• Fall in eps due to more than double number of shares in issue.
• That's what they say. I suspect the upmarket properties are getting overvalued and they don't want to join the bandwagon. Sensible.
I sold because I felt they were expanding too quickly and issuing shares which the market might not digest easily. The dividend excess is a bit of a concern, too.
And of course there's politics. (Brexit, immigration, ...)|
|I am just an old simple country lad so am I reading this Company correctly?
Is 75% of profit due to uplift in property values?
Does the remaining 25% cover dividend distribution?
Is part of the dividend paid out of borrowings?
Fall in eps from previous year?
Are the directors worried about the niche market collapsing in the next year or two and want to hedge their bets by taking Empiric into the wider student accommodation market perhaps more suitable to British students?|
|RESULT OF GENERAL MEETING
Quite a strong vote against the Director's remuneration package!|
|That's great, 11_percent. Good luck - & by implication to the rest of us too.|
The circular issued today certainly involves a lot of change for the company.|
|Zeus Capital with a target of 160 and Beaufort with 148 following WJG announcement today, says it is a stock for income and growth, thats what i thought i had bought here.|
|It's been going down fast - from £1.18 at the beginning of September to less than £1.10 now. And it was around £1-12 at the start of this year with a downward -slanting overall trend.
I for one would be quite pleased, if surprised, if this share was to ever perform in a way that justifies owning it.
'this is a steady as she goes share' - yes, goes down the way rather than up.|
|Well, Fozzie, you say But it's going nowhere fast would be my point
It would also be my point but I would put this as an attribute. This is a steady as she goes share with a good and rising yield which has a place in a portfolio. Other stocks which may be rising now may well take a dive as the implications of Brexit, Trump and other world issues bite and we are due a correction any time now.
At that point you will be glad that it's going nowhere fast|
|But its going nowhere fast would be my point. This sector is booming at the moment and i am just disappointed that we have basically seen no capital growth since the last offer at 107.|
|Empiric commits to three forward funded developments in Leicester
The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, is pleased to announce that the Group has entered into three forward funding arrangements with a Leicester-based property company to develop a total of 170 beds in Leicester for an aggregate investment of £15.975 million.
134 New Walk and 140-142 New Walk are located immediately to the west and east, respectively, of the Group's recently acquired standing asset at 136-138 New Walk. These Victorian terrace properties are being converted and extended to the rear to the same specification as the standing asset, to form a contiguous run of high specification student accommodation from 134 to 142 New Walk. 134 New Walk will comprise a total of 16 studios, while 140-142 New Walk will comprise 42 studios and three 2-bed apartments. In total, Empiric will own 94 beds at 134 to 142 New Walk.
Princess Road East is a new build, high specification student accommodation scheme comprising 106 studios with generous communal facilities including a gym, cinema, common room and work rooms.
All three properties are adjacent to Victoria Park and close to the University of Leicester and De Montfort University. New Walk is a pedestrianised road linking Victoria Park and the nearby city centre.
The acquisition of the 140-142 New Walk and Princess Road East properties are conditional on the developer satisfying various conditions precedent in the Development Agreement. All three properties will be marketed and managed through the Hello Student® operating platform. 134 New Walk is expected to be delivered by May 2017, in time for the 2017/18 academic year and the other two properties by May 2018, in time for the 2018/19 academic year.
Paul Hadaway, Chief Executive of Empiric Student Property plc, commented:
"Following this acquisition, the Group will own 730 beds in Leicester, targeting both the University of Leicester and De Montfort University, with some 30,600 full-time students. The Group's existing operating properties have a strong lettings history and are all fully let for the 2016/17 academic year. This acquisition is in line with Empiric's investment criteria."|
There was a similar low in July.
Will try to catch the low, and load up for the rise.|
|WJG up again, ESP down again. Very surprised to see the share price back at offer level. This sector is buoyant and coupled with the divi make this a no brainer but ......|
|Looks like I backed the wrong horse here, WJG looking a better bet at least short term.|
|From yesterday :- Jefferies International Buy 110.50 125.00 125.00 Reiterates|
|Looks like a bit of an overreaction to that news Dave of Devon. According to ESP's results RNS only 6% of full time students are from the EU, so a fall of 9% on that equates to a fall of 0.54% only on the overall figure. Also many (I think probably most) of ESP's properties are already fully let for this new academic year - see for example the most recent RNS for newly acquired properties (7th Oct) which states that all 5 are 100% let.|
|Believe there was 1.5p divi off today which explains half the drop. I gave it a bit of extra breadth but still got stopped out|
|News report today said that student applications from Europe are down by 9% for the new term|
|Any ideas on the drop?|
|Annual Bonus and LTIP Option Awards / PDMR Notification|