||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Empiric Share Discussion Threads
Showing 3476 to 3500 of 3500 messages
|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.|
|A000 v .good.
juuuunx No these won't break out. They're basically an income share with at best steady growth prospects.|
joan of arc
|I feel a breakout coming
Thought they invested in student lodgings not prisons!|
|I feel a breakout coming any thoughts?|
|Record university offers as top A-level grades slip|
|Comment in Investors Chronicle -
'There are other (real estate) sectors that really have little exposure to the referendum. One is student accommodation. Building purpose-built units for overseas students reflects the demand for decent accommodation from students coming from Hong Kong, China, and Russia, and elsewhere. Just 5 per cent come from the EU, and with the cap lifted on overseas student numbers, together with a weak pound, the attractions are there to see. Crucially, companies such as Unite (UTG), Empiric Student Property (ESP), and GCP Student Living (DIGS) have had little trouble raising funds to develop their portfolios.'
|When I bought ESP at 107 I thought the biggest future risk was a rise in interest rates which would make the yield less valuable. Mark Carney has now talked down sterling and the economy, and indicated lower interest rates and QE are more likely, hence this should support the value of ESP's yield.
When a good quality item is "on sale" in a shop it is easy to buy it, but when a good share is "on sale" at a lower price it is psychologically so much harder, but yesterday I added twice at <100, now I must just be patient and appreciate the dividends.|
|A few months ago Bearbull - IC - preferred ESP for the extra 1% yield to PHP, but the reality is that its yield is more gilt like and indeed has suffered less badly than ESP, though it is noteworthy that both have suffered in the very recent institutional property fund suspension of dealing. As Questor has commented elsewhere Property UTs are flawed in the their assets are by definition illiquid and yet there can be run on the units.|
|Whether we like it or not commercial property dropping will likely reduce NAV here hence the sympathetic drop - but I agree the income looks fairly secure|
|So this is a guaranteed 6% income share at this price, students wanting accomadation isn't going anywhere|
|Im happy holding here for the income and will buy more if it gets silly - rates to 0 should be supportive. The world can now get a decent income at 20% off last years costs!
Everything tarnished with the same brush though. Also it is possible some commercial property funds hold here - they all hold reits and the like to provide liquidity for when they have redemptions. I doubt there is a huge amount of that in here but could also result in some selling. Maybe that is more relevant in bbox.|
|dd) weaker sterling will make fees more attractive to overseas students.|
Couple of points for your consideration:
aa) Student accommodation is a very different species to commercial property (office and retail primarily);
bb) The cost of developing student property will be dropping along with the fall in commercial property development activity; and
cc) More land will be available at more reasonable prices for student accommodation development.
The financial viability of student property development in Central London was becoming marginal in competition with commercial property development. IMHO the linking of the post-Brexit travails of commercial property with student accommodation is miss-placed. Every cloud as they say.....
|I think we are expecting an announcement in July, which should cover the next Dividend info.|
|I suppose we can blame Standard Life halting redemptions in its property fund for the current drop.|
|Empiric bought land in Wells Street, Exeter, for a dense 68 unit development, pending planning permission. Planning permission has been refused.|