Empiric Student Property Share Chat (ESP)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Empiric Student Property Plc	LSE:ESP	London	Ordinary Share	GB00BLWDVR75	ORD GBP0.01

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+1.10p	+1.16%	96.00p	95.80p	96.00p	96.30p	94.40p	94.90p	789,095	16:29:58

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Real Estate Investment & Services	64.2	40.3	6.7	14.4	579

Empiric Student Property Share Discussion Threads

Showing 3976 to 3999 of 4000 messages

Chat Pages: 160 159 158 157 156 155 154 153 152 151 150 149 Older

Date	Subject	Author	Discuss
13/9/2019 10:26	Hi Chuck, Totally agree - madness - as is the inclusion of student numbers in immigration figures. The Govt now is aiming to increase the number of International Students to 600k from the current 450k over the next 10 years. hTTps://www.theguardian.com/politics/2019/sep/11/uk-work-visas-for-foreign-students-all-you-need-to-know On the basis that PBSA beds are being built at a rate of 25,000 per year - and UK demand is still rising - it appears that the under-supply that supports rental growth is likely to be maintained. Regards, Maddox	maddox	Read Full Thread Reply
11/9/2019 13:34	“Bone-headed” is an understatement. She was the only senior politician who thought it was a good idea. It was patently mad, but she paid the price of her madness in the end. Geoff Boycott being the only winner, it would seem, other than those hopeless advisors she saw fit to listen to. No effect on the share price, though. Market appears bored with ESP having been punished twice over the past three years or so. It’s not exactly growing.	chucko1	Read Full Thread Reply
11/9/2019 11:54	Excellent news today for all UK Universities and Purpose-Built Student Accommodation (PBSA) providers. The Govt is to change the rules to now allow foreign students studying in the UK to stay-on to work for a further two years unrestricted. There are currently 450k international students in the UK. This move will undoubtedly boost numbers as the UK has been far less attractive than other top destinations, specifically Australia and US that already allow students to stay-on to work. This thankfully reverses the disastrous bone-headed approach introduced by Theresa May as Home Secretary to require students to leave after 4 months. May saw students as a soft target to hit her hopeless immigration targets - despite the hard evidence that very few were over-stayers. This move applies to all trusted higher education providers and will thus exclude the dodgy language schools that were flouting the immigration rules. hTTps://www.bbc.co.uk/news/uk-49655719 Regards, Maddox	maddox	Read Full Thread Reply
20/8/2019 15:51	I've increased by 25%.	skinny	Read Full Thread Reply
20/8/2019 15:31	It’s worth remembering that DIGS yields 3.74%. ESP yields 5.38% That’s too wide given the increasing stability of the latter.	chucko1	Read Full Thread Reply
20/8/2019 14:07	I guess one question might be - "why aren't your earnings higher". Isn't as if they're doing an NRR and paying out a 14% yield - they're paying barely what they promised to pay at listing, and certainly not what they'd intended to be up at by now. But that discount - compared to peers - surely has to close eventually.	spectoacc	Read Full Thread Reply
20/8/2019 14:04	There was very little to indicate the route to full div cover. I need to see that to get excited about this, but I do agree that they nailed the results yet again and the risk is therefore lower again. Deserves a lower discount. An 8% lift to about 100p plus 5p of divs suggests a yield for the next year of about 13 or 14%. Fine by me, so might actually add a few.	chucko1	Read Full Thread Reply
20/8/2019 13:58	I think if/when that divi is finally fully covered, we'll see it trading nearer to the rising NAV - if it doesn't get taken out first.	spectoacc	Read Full Thread Reply
20/8/2019 13:50	Really pleased with progress here,It does seem that outsourcing facilities management and previous BOD were a problem that seems to be now solved. Dividend cover is progressing as planed and so is everything else. Nav up a bit too. Really good.	stevegrass777	Read Full Thread Reply
20/8/2019 10:15	Bookings appear to be slightly down on last year - remains on watch for me. Today - "Bookings of 85% for the 2019/20 academic year at 19 August and progressing well" Last year - "Bookings of 87% at 14 August 20185, putting us on track for full occupancy of 97% for the 2018/19 academic year (Note: Bookings of 87% at 14 August 2018 is contained within the Interim Report. Bookings increased to 89% at 20 August 2018 as set out in the analyst presentation on 21 August)."	sailing john	Read Full Thread Reply
20/8/2019 08:24	ESP seemingly specialising in absolutely bang on t/s's and "steady as she goes", after the early years of surprises/disappointments. Market not really woken up to that IMO, and rating them on a fat discount (notwithstanding that divi still won't be fully covered). Had a quick look at sector peers - last Unite Group EPRA NAV 820p, trading at 1043p. DIGS EPRA NAV 163.96p, trading at 165p. ESP's 108.5p vs 93p is certainly an outlier - expecting that to close, eventually. Should be trading nearer £1 IMO, making an allowance for earlier disappointments.	spectoacc	Read Full Thread Reply
20/8/2019 07:45	Yes compared with dividend cover H1 2018 at 60% this has moved a long way in the right direction.	rik shaw	Read Full Thread Reply
20/8/2019 07:40	Looks reasonably good to me - 94% cover at half year (albeit "on track" for 85% FY cover), EPRA NAV 108.5p. Fairly striking NAV discount compared to sector premia.	spectoacc	Read Full Thread Reply
12/7/2019 12:43	NAV flat is what makes me keep a few of these. This company should be bought out if they cannot get full dividend cover and feed it with higher operating income. Others have shown they can do it and the portfolio appears to be decent. Clearly the assets are in reasonable demand.	chucko1	Read Full Thread Reply
11/7/2019 21:27	Hi daviepj, Re Unite takeover of Liberty Living The price being paid by UTG is at NAV so no premium and no discount - so I assume that there is a bit of debt acquired - probably secured against the individual properties. Nevertheless, Unite are going to do well out of it as the economies of scale will deliver efficiency benefits. Regards Maddox (long Unite)	maddox	Read Full Thread Reply
11/7/2019 20:07	Saw this on CityWire - hxxps://citywire.co.uk/investment-trust-insider/news/unite-seals-no1-status-with-1-4bn-student-digs-deal/a1246886?re=66106&ea=398014&;utm_source=BulkEmail_Investment+Trust+Insider+Daily&utm_medium=BulkEmail_Investment+Trust+Insider+Daily&utm_campaign=BulkEmail_Investment+Trust+Insider+Daily. Thing that caught my eye was Unite are paying £1.4 billion for a portfolio that 'was independently valued at £2.2 billion in May'.	daviepj	Read Full Thread Reply
11/7/2019 10:58	A few select quotes from the Guardian today..... 'Applications from Chinese students to study at UK universities have gone up 30% since last year' 'The Ucas figures also revealed an increase in the number of British 18-year-olds applying for places, up 1% on last year to 275,520 despite a 1.9% fall in the overall 18-year-old population of the UK. EU applicants have also risen 1%, to 50,650 despite the Brexit uncertainty, and Ucas reported a record number of applicants from outside the EU at 81,340, an increase of 8%.' hTTps://www.theguardian.com/education/2019/jul/11/chinese-students-applications-to-uk-universities-up-by-30 I wonder whether EY will be up-dating their report to reflect the continuing growth in this sector? Regards Maddox	maddox	Read Full Thread Reply
11/7/2019 06:51	Not sure I'd have got into ESP if not for the stupidity.. :) Currently prefer AEWL to AEWU.	spectoacc	Read Full Thread Reply
10/7/2019 20:12	2wild, exactly what I was considering doing today. Same two stocks! I’ve effectively been doing that for a few months now. I did have quite a bunch of ESP and lightened up as it approached par a while back. Bought into AEWU in the low 90s, but they have partly gone now. Into RGL. Now looking to pick up AEWU again at around this price. Yes, I think this is kind of it for ESP. Better rewards for the risk elsewhere. The only issue is that of the NAV discount - about 15%. For that reason, I still keep some. The journey has been good, but would have been better had it not been for the stupidity of two years back. I think the last set of trading results were worrisome in that their stated intention of covering their EPRA dividend by FY 2019 was not evident.	chucko1	Read Full Thread Reply
10/7/2019 19:15	Sold out of ESP at 92.5p today, as don't see share price going anywhere. Dividend is ok but uncovered and will probably remain so for a few more years. Reinvested in some more AEWU with an 8.3% coverd dividend, low LTV at 25% and very low cost of debt at circa 2.5%.	2wild	Read Full Thread Reply
09/7/2019 07:49	LSE got an RNS problem atm. "The board is pleased to confirm that the Company remains on track for FY2019 with operating margin expected to be above 67%, administration costs around £10 million and dividend cover in the region of 85%."	spectoacc	Read Full Thread Reply
09/7/2019 07:47	ESP update not showing up here.	killing_time	Read Full Thread Reply
03/7/2019 10:17	Hi jonwig, Happy that you raised the issues, always important to look carefully at the risks. We investors need a 'speak-up' rule so we encourage a constructive discussion in a respectful way of both positive and negative points. Nothing worse than someone saying after a share falls 'yep thought that (whatever) was a problem'. Regards, Maddox	maddox	Read Full Thread Reply
03/7/2019 06:54	"The directors of the scheme, Mr Spence and Mr Kewley, partly blame competing supply for the schemes’ difficulties. Even if it were fully let, though, it would only bring in £10m of income, according to notes of the creditors’ meeting with Quantuma. Most of the sites offered returns of 10 per cent — meaning even maximum rents, as it currently stands, do not appear to be enough to pay the investors the amount in the contracts after accounting for costs." Https://ftalphaville.ft.com/2019/07/03/1562130014000/How-a--100m-student-accommodation-scheme-went-wrong/ Will be more scams like this around I'm sure. And this is before the tide has even gone out! Much better to have invested in ESP instead.	spectoacc	Read Full Thread Reply

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