|Empiric Student Property
||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Empiric Student Property Share Discussion Threads
Showing 3526 to 3550 of 3550 messages
|Interims 10 April 2017:
''Dividends paid in respect of the six months to 31 December 2016 of 3.05p per share, targeting 6.1p per share for the 12 months to 30 June 2017''
But, as far as I know, no div dates given.
|The dividend has not actually been declared yet...|
|Does anyone know when this goes xdiv?
I cannot find any date in the april interims.
|On 29.11.15 IC Bearbull compared ESP, PHP and PCTN
SP 110 111 70
Yield 5.5 4.6 4.6
NAV 103 85 73
Unexpired Terms Avge na 15.1 6.2
SP today 110 114 85
BB went for the yield, but the clear winner has been PCTN. I hold all three, but think that with director gred I will switch ESP to more PCTN, which has been a solid performer over many years.|
|Similiarly underwhelmed by share price progress, and by concerns aired on here.
Recently sold all my placing/open offer shares but kept the rest within the confines of the ISA.
Only the yield and sector diversification are the draws.|
|It's a job to know, isn't it ? That's where bulletin boards come in handy : as forums for discussing the why's & wherefore's.
Nice post Jombaston. Thanks. I'm a holder here, but I don't honestly know why.|
|You are quite right, risk. Lets face it this company IPO'd in June 2014 and had only managed to grow the NAV to 105.9 per share some 2 1/2 years later by Dec 2016.
How would they have managed if the student market hadn't been booming over this period? I have been seriously underwhelmed. I'm not sure the share price really deserves a premium to NAV.
I know they have been using capital to pay uncovered dividends but I suspect advisors, developers, agents, directors and others have been the real beneficiaries of their expansion over this period.
Maybe shareholders will benefit in the future if they temper their ambitions but maybe they won't.|
|Although optimistic on the sector and the long term trend of this industry, esp has significantly underperformed compared to the peers like wjg, digs etc in the same sector, which makes the compensation package awarded to the esp management far too generous in compassion of its relative performance.|
|This should be a good cash generative business if managed well and sensible investment decisions taken by management, especially in current low interest rate environment. Student rent has gone up from around £80-100 per month in early 90s to now well over £700 to £1000, plus the capital growth for properties in key university cities.
esp should get better as time goes as at early days, some initial investments (pre-development and pre-rent) are not income earning.|
|Decent write-up in IC by James Crosland a couple of days ago mentioning analysts at Jefferies expect adjusted NAV of 116p at the end of 2017, from 105p a year earlier.
Student numbers continue to rise, and Empiric is on course to meet its five-year target of 10,000 beds, set at IPO in 2014. The shares are little changed from our buy tip (109.5p, 5 Nov 2015) but the quarterly dividend is a must for income seekers.
BUY rating still applies|
Inclined to agree remuneration too high for size.|
|Given as a buy in the Times
|I agree that the directors here seem to be too greedy for not a great job done so far compared to other companies in the same sector. The institution investor should hold them in check.|
|Like others, I bought this share 2 or 3 years ago because I liked the sector and I wanted a low risk, high yield, buy and hold investment.
Unfortunately, I have been disappointed on a number of fronts. I feel the expansion strategy is overly aggressive, the dividend is nowhere near covered and the latest dividend increase was disappointing.
I didn't like the revised director's remuneration policy as it would appear to give the directors further reason to pursue an aggressive strategy. The maximum annual award of nearly £5.5m for CEO, CIO and CFO combined seems quite high for a low risk company, which only gathered £19m in rent in the last 6 months.
I'd rather hold something with a more fully covered divi. I can see that if they stopped expanding the dividend might be almost covered but if they are not going to stop expanding that is somewhat irrelevant.
last 6 months
EPRA eps 0.38p
I have sold all my shares and will have to settle for a lower but safer dividend yield elsewhere.
I don't want to be too negative but I feel I should have done better (and can still do better) in such a hot sector!|
|DIGS and ESP are slightly different beasts. DIGS is London mostly and ESP more geographically diversified, with little London exposure. As a result DIGS owns more expensive, lower yielding properties - 1,923 beds at £431m (£224k/bed) yielding 5.05% (£11.3k/bed). ESP owns 4,257 beds at £443m (£104k/bed) yielding 5.9% (£6.1k/bed).|
|Decided to take my position here off ahead of results. Chart been a bit weak and the recent FD departure news bugging me so want to eliminate gap risk. Providing results are ok and it doesn't gap the other way I'll probably repurchase back once the results are behind us|
|fozzie (post #350). I haven't changed the views discussed in posts #338, 339. I still hold DIGS in the sector.|
|I don't disagree Peter but the share price action is poor given the booming sector they operate in, i have some knowledge of it and renting to students is a very lucrative place to be.|
|Ok, peeps are here for the divi, but a bit increase in the share price would be good.|
|I suspect many are in here for the solid divi and not the share price|
|jonwig are you still in here? I still retain my original 5000 investment but am sorely tempted to get out. Booming sector and the share price goes nowhere.|
|"Michael Enright has resigned as a Director of the Company for personal reasons."
The CFO has gone, just a few weeks before results are to be announced.
Does he not want his name to be associated with the Report?
Perhaps I am too suspicious - we shall see.|
It was more a sorry observation of national character.|
|From the wordings, Goldman Sachs seems to have borrowed stock on a regular basis - maybe for selling short. However, the short interest tracker shows a nil shhort position for ESP:
Over to somebody else!|
|JL9 - are you referring to post #340? I try never to make "political" comments myself, though I might refer to them occasionally.
However, I wouldn't want to disagree with you in what you said!|