||EPS - Basic
||Market Cap (m)
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Empiric Share Discussion Threads
Showing 3476 to 3498 of 3500 messages
|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|
|In this world 'certain' income looks very good. They'll be able to keep borrowing at ridiculously low rates (for a developer) whilst milking a high running yield from the developed assets. By the time interest rates go anywhere they'll have their stated aim of 10,000 beds. I imagine by then we'll be sitting on a c.7% yield(?) on current purchase price. An excellent place to be for income and capital preservation imo.|
|‘Buy’ acquisitive Empiric Student Property - HTTP://citywire.co.uk/money/the-expert-view-lloyds-wetherspoon-and-interserve/a947324?ref=citywire-money-picture-galleries-list#i=6
Jefferies [Empiric's corporate broker] rates shares in Empiric Student Property (ESP) a buy as the student accommodation group continued to build on acquisitions.
Empiric has bought two new properties, one operating and the other in development, on top of the recent purchase of three properties from CBRE.
‘ESP has continued the portfolio expansion through disciplined buying,’ said analyst Mike Prew, who has a 125p price target on the shares, trading at 117.3p on Friday.
‘These latest acquisitions take the total beds contracted (either operational or under construction), to circa 7,600; 1,439 of the under construction beds are forecast to be completed in August and September 2016, ready for the 2016/17 academic year.’
Prew said Empiric had been able to make the purchases due to its maturing debt profile, having agreed to a £32.8 million development loan from Allied Irish Bank and another £30.6 million facility taken out with Royal Bank of Scotland last week.|
|Anybody able to exactly explain that BlackRock initiated RNS?|
|Nice steady tick up here. Softly softy does it|
|Im a very happy holder - c.6% yield from purchase price and lowish volatility with prospect of some growth. What isn't to like as part of a well balanced portfolio!|
|Yes I've been adding here looks like a good solid play with excellent dividends. Having a son at uni I know all about accommodation costs. These will make a killing in next 3-5 years.|
|Steady buying this morning I see, ESP has been good to me over time with a good divi to boot,,
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries, the "Group")
NOTICE OF FULL YEAR RESULTS
Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, will announce its full year results for the period 1 July 2015 to 30 June 2016 on Wednesday, 14 September 2016.|
|Joan of arc, after my recent investment steady growth with a nice div is a welcome change.|