Empiric Student Property Share Discussion Threads

[maddox] 23/2/2021 19:46

Hi Guys, For FY2019 to 31 Dec 2019 the proportions for ESP were: 55% Undergrads 34% Masters/Post Grad 11% Others and 34% UK 9% EU 57% Non-EU So, as you say, ESP position themselves as 'prime' student accommodation = more expensive - hence the mix. Regards, Maddox

[makinbuks] 23/2/2021 17:00

Agreed, we are at the expensive, en suite end of the market so favouring overseas students and post grads but undergraduates are welcome

[chucko1] 23/2/2021 16:52

They do a mixture - cannot recall the proportions. But not graduate only.

[boonkoh] 23/2/2021 13:22

Maddox, correct me if I'm wrong. But the UCAS numbers you shared was for undergrad.But Empiric accommodation is for postgrad students?Still interesting stats, but hope you didn't assume Empiric was doing undergrad accommodation!

[panshanger1] 23/2/2021 11:08

Getting close to post COVID highShould be a bit more momentum behind this now news flow is improving (imo )Finals 17 th March Restoration of dividend would be nice GLA

[maddox] 21/2/2021 18:05

Hi ph, further substantiation of the outlook. I see that we have UCAS' university application data for 2021 just published - numbers are up again: 'Overall, a total of 616,360 people had applied, an increase of 8.5% and a new record for this point in the application cycle.' and, significantly International students (excepting the EU) are also up: 'Applicants from outside of the EU continue to rise and are up this year by 17% to a record 85,610. Applicants from China and India have increased to 25,810 (+21%) and 7,820 (+25%) respectively. The USA has seen the largest proportional increase of any major nation as applicant numbers have risen 61% to 6,670. EU applicant numbers have decreased to 26,010 (-40%) as the short term effects and uncertainty at the end of the last calendar year surrounding the UK’s withdrawal from the European Union, and changes to student support arrangements, have impacted on applications from the continent. However, applicants from Ireland have increased by 26% to reach 4,850.' www.ucas.com/corporate/news-and-key-documents/news/nursing-applications-soar-ucas-publishes-latest-undergraduate-applicant-analysis and if you want to delve into the detail UCAS provide a very useful tool: www.ucas.com/data-and-analysis/undergraduate-statistics-and-reports/ucas-undergraduate-releases/applicant-releases-2021/2021-cycle-applicant-figures-january-deadline Significantly, this confirms expectations that the University Sector should bounce back in academic year 2021/22. Regards Maddox

[panshanger1] 17/2/2021 12:59

Interesting !Thanks for posting

[maddox] 17/2/2021 11:01

Unite(UTG)has published a Student Survey this morning, that is significant for any investors in the sector: httpS://www.investegate.co.uk/unite-group-plc--utg-/rns/unite-students--student-survey/202102170900023116P/ The up-shot is that we can expect a rapid recovery in Unite's trading, once Covid-19 restrictions allow. The findings are: >> 77% students struggled with mental health and wellbeing as a result of Covid-19, but 84% say engaging in university life has been positive for their mental health; >> Students' biggest challenge this year is the lack of face-to-face teaching, practical experience or facilities; >> Traditional face-to-face university experience is key for students: 86% are keen to get onto university campus once it is safe to do so; 75% agree that living in university accommodation and being on campus is as important a part of the University experience as lectures and tutorials; and >> Four in five (79%) students would like a return to face-to-face tuition after the Easter break. This based on a survey of 2000 students. Covid-19 has been very instructive: It has demonstrated just how robust the demand is for the University experience. Going to University is clearly a culturally entrenched 'right of passage' for the UK's young adults. It has often been postulated that on-line learning would disrupt this tradition. Covid-19 has provided the opportunity to test this hypothesis. Whilst, on-line learning has clearly allowed for teaching to continue during the Covid-19 Lockdowns - but is certainly not a substitute for the Uni experience. These are two extremely significant points for anyone assessing the risks of investing in this sector. Regards Maddox

[stevegrass777] 10/2/2021 18:25

Just as most were expecting, no great performance here, but once things are a bit more normal, I'm sure esp will be back to giving decent dividends and steady progress.

[panshanger1] 10/2/2021 11:32

Market not overly impressed but pretty much as expected In for the long haul myself !GLA

[rik shaw] 10/2/2021 08:14

Update htTps://uk.advfn.com/stock-market/london/empiric-student-property-ESP/share-news/Empiric-Student-Property-PLC-Update-on-continuing/84290649

[makinbuks] 09/2/2021 09:47

Write off this academic year, look to next will be the story. Failed attempt to reopen will have brought additional costs

[irishmatt] 09/2/2021 09:31

Update must be soon, I was expecting end Jan too but they have previously updated into mid February so can't be long now

[chucko1] 12/1/2021 11:31

Nope! It was never made. I am guessing that FY 20/21 will be about the same as 19/20, but this will move steadily higher thereafter (it has found a proper level now rather than the overly cheap 60p area of a few months back). But 100p? That may take a long while and I am out as there seem to be rather better REITs to swim with.

[panshanger1] 12/1/2021 11:27

Update quarter 1 Likely to be end of January

[epo001] 12/1/2021 10:41

So, the results announcement back in August said that the dividend would be reviewed in Q4, 2020. Did I miss that announcement?

[irishmatt] 17/11/2020 09:55

Do you think we will get an update on student numbers before end of year or will we have to wait until January?

[rambutan2] 09/11/2020 21:29

Just the tonic needed!

[spectoacc] 30/10/2020 19:00

Had taken eyes off ESP. Needs to hold this level, a 4th retest.

[stevegrass777] 23/10/2020 10:15

Im happy the dividend isn't back yet,esp needs to hold on to the dividend to keep the company going until the coronavirus risk dwindles. Don't forget that ESP are bound by REIT rules and will have to reinstate the dividend to satisfy these rules at some point. But at the moment its no use giving the money away until we know what the full effect of Covid is,I can see this being revisited once an effecteve treatment or vaccine is produced.

[epo001] 23/10/2020 08:01

1078: Confidence has nothing to do with it. Maintaining the integrity of the business during this pandemic is their highest priority, this requires building and maintaining reserves. Shame not enough business to put the divi back yet.

[stemis] 23/10/2020 07:48

They say they are trading profitability, but it can't be by much. In 2019 turnover was £70.9m and profit (before revaluation surplus) was £25.6m. 30% of turnover would be £21m. 40% would be £28m. Ok maybe they'll save some property expenses but you can see why they don't want to pay a dividend yet...

[irishmatt] 23/10/2020 07:08

Yes that's how I read it too. Not bad all things considered and may well sell more beds later, shame not enough confidence to put the div back yet

[spectoacc] 23/10/2020 06:37

70% occupancy, but 60% with the 10% yet to "check in"? Or have I read that wrong?

[panshanger1] 21/10/2020 11:19

Trading announcement on 31/10 last year Dividend announcement ( re -in statement?) expected with this years Still holding GLA