Empiric Student Property Share Chat (ESP)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Empiric Student Property	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
	+0.10p	+0.11%	95.00p	95.50p	95.70p	96.50p	95.40p	96.50p	581,604	16:35:27

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Real Estate Investment & Services	51.2	20.8	3.8	24.7	572.74

Empiric Student Property Share Discussion Threads

Showing 3901 to 3923 of 3925 messages

Chat Pages: 157 156 155 154 153 152 151 150 149 148 147 146 Older

Date	Subject	Author	Discuss
04/10/2018 13:35	SteMiS, I totally agree. All the signals are good, but until we actually see the audited financial results saying that the dividend cover is 70ish percent for FY18, I think it is a struggle to go a lot higher. The first part of the recovery is now behind us, so more share price progress may well be made as and when clarity on the dividend cover for FY19 becomes apparent. Additionally, the market was generally weak today and there has been a fairly sharp rise in long term rates the past 2 days (10bps). As I write this, share price ticking up to 96.70/96.90, so up 0.4p whereas prices of other REITs down by about the same amount.	chucko1	Read Full Thread Reply
04/10/2018 10:07	I guess it's had a good run up from the low 80's so a bit of consolidation is probably not unexpected. It sits at a discount to historic NAV of 8.6% but the yield of 5.2% is currently uncovered so I guess the market is waiting for concrete signs that is going to be soon...	stemis	Read Full Thread Reply
04/10/2018 08:11	Thought it might have opened a bit higher - read well to me	spangle93	Read Full Thread Reply
04/10/2018 08:04	Looking good, very close to fully let,	stevegrass777	Read Full Thread Reply
04/10/2018 07:26	Trading Update TRADING UPDATE The Board of Empiric Student Property plc (ticker: ESP) (the "Board"), the owner and operator of student accommodation across the UK, is pleased to provide the following update on trading. Bookings for the 2018/19 Academic Year have reached 96% as at 3 October 2018, which is significantly ahead of last year. New reservations are continuing and the Company is on track to achieve the full occupancy target of 97%. These later reservations relate to specific assets within the Company's portfolio where lettings to international and postgraduate students continue through October and into November. On 1 September 2018 Hello Student® assumed the marketing and lettings management of the Company's entire portfolio and successfully took control of facilities management for 27 properties. The facilities management provision for the remaining 57 properties remains on schedule to be brought in-house by 31 March 2019. The wider programme is progressing well, with the call centre now live, the database established and contracts continuing to be rationalised. The Group continues to make good progress on delivering financial and operational improvements across the business and remains on track to meet its previously stated targets. In line with industry standards, student occupancy levels of 97% and above are considered as fully let.	skinny	Read Full Thread Reply
04/9/2018 17:36	'Give foreign students longer visas' says Universities UK The international director of Universities UK, Vivienne Stern, has called for a new visa to be created that would allow foreign students to get work experience in the UK for two years after they've graduated. She told BBCR4 Today Programme that international students are invaluable to British education and economy. https://www.bbc.co.uk/news/education-45398634 The UK has been taking a very hard line on foreign students by not allowing them, as other counties do, to stay on for a period to gain work experience after graduating. Essentially, they are a soft target towards reducing UK immigration numbers. However, a recent The Home Office paper on “exit checks” data – a proper count of all people who are actually known to have left the UK – found 176,317 – 97.4% – of 181, 024 international students from outside the EEA left on time. This itself is probably an underestimate as others in the remaining 2.6% might have also left but via routes not subject to exit checks, such as via Northern Ireland. Foreign Students are estimated to contribute £25bn to the UK economy and play an important role in supporting the UK University Sector through the high fees they pay. Other countries more welcoming attitude towards foreign students means that they are growing their numbers far more strongly than the UK. Regards Maddox	maddox	Read Full Thread Reply
31/8/2018 15:45	I reckon investors are regretting not seeing the recovery in ESP about 6 months ago. It seemed pretty clear from the review in November that they had a good sense of what had happened and what to do. By Feb/March, it was clear that they were progressing well in the execution of the plan. From that low point, 3.75p of dividends plus 16p price move. That’s a return of 23.8% and that is EXACTLY (well, give or take a touch) what we bulls were looking for when the first positive update came out at that time. I remain underwhelmed by Numis’s sluggish (to put it mildly) reassessment of fair value for ESP. I would think that those who relied upon Numis’s analysis might be wondering too. If you’re not prepared to be forward looking and take a little risk, you’re not going to get anywhere. That said, RSI now back over 70 (72.9) and 50% retracement of 115p to 83p move now completed. I don’t put much store in numbers like that, but some do.	chucko1	Read Full Thread Reply
31/8/2018 15:31	Just now price was up 1.5p today. So with divi that is 2.75p over the last couple of days.	daviepj	Read Full Thread Reply
31/8/2018 15:26	Good to see this gapping up after going ex dividend this week.	shauney2	Read Full Thread Reply
30/8/2018 17:05	Cannot disagree. I was happy to sell when it was trading at a premium of 10% or so, and would be again. Even at around 5% I would lose quite a few. These (easy) trading profits based on NAV were helpful in lowering my average entry point considerably. Just as well when considering the 2017 bust-up.	chucko1	Read Full Thread Reply
30/8/2018 17:00	I still say if DIGS is trading on a premium, a reformed ESP ought to at least be close to par.	spectoacc	Read Full Thread Reply
30/8/2018 16:49	It effectively went up 1.25p today on yet another day of strong price action. I also note that Premier Asset Management have been continuously adding to their already large holding. PAM specialise in this boring accrual type of stuff. Investors are starting to believe again, and it currently is at about a 7% NAV discount, so still cheap as compared with many other REITs. One might argue that it ought to remain cheap on account of the very short leases (a reminder that things like Aberdeen and Cardiff can suddenly occur, though less likely now).	chucko1	Read Full Thread Reply
30/8/2018 16:11	I thought it dropped 1.25 today because it went xd, why did it fully recover??	clausentum	Read Full Thread Reply
23/8/2018 16:08	Gap arguably closed and another appears!	skinny	Read Full Thread Reply
23/8/2018 15:39	Very interesting about the Numis target increase, thanks @Skinny	spectoacc	Read Full Thread Reply
23/8/2018 14:55	Assuming they continue to pay a 5p per annum dividend for the three years, she'd only get full vesting if the NAV increased to 128.5p (on the current discount to NAV that'd mean a share price of 119p). That's no easy target as the dividend probably takes up all the profits of the company in the period so any net asset value increase will have to come from revaluation/development of property- about 15% increase in value is needed. If anyone deserves a bonus though it's Ms Fennah	stemis	Read Full Thread Reply
23/8/2018 14:29	Don’t agree. It’s based on uplift of NAV plus dividends. The previous management had only a marginally negative effect on the NAV (they spent a little more cash than they ought to have done). So share price woes owing to poor margins (now being improved significantly) are not the base level from which she will benefit. That would be far easier to fudge. Additionally, her interests are certainly aligned with ours. If she achieves 8% per annum total return for 3 years she only gets 25% of this vested, amounting to circa £15k and 100% vested if she achieves 12%. Well, if this happens I would sweep her floor for free. (I would ask for a cup of tea, though).	chucko1	Read Full Thread Reply
23/8/2018 14:07	I don't understand why executives think they are entitled to these nil-cost options as an incentive to do the job for which they are already being well paid!! If she improves things it will only be a reflection of how much the previous management screwed up! Why not charge the cost of the bonus to them.	clausentum	Read Full Thread Reply
23/8/2018 12:47	Happy with the results which were slightly better than I expected. They certainly seem to be getting a handle on costs; admin expenses down from £5.8m in H2 17 to £4.9m in H1 18 (reiterated target is £5.0m per half year) and operating margin up from 53% to 62% (reiterated target is 70%) show real progress. There's a presentation on the web site - hxxps://www.empiric.co.uk/investor-information/company-documents	stemis	Read Full Thread Reply
23/8/2018 12:30	Good catch. It was updated yesterday. Interesting (though could be chance) that it coincides with a further 1.5p of share price rise over the two trading days. What is certainly the case is that when Numis trashed ESP, on each occasion the share price got trashed similarly.	chucko1	Read Full Thread Reply
23/8/2018 12:25	Somewhere along the line Numis have increased their TP. 23 Aug 18 Numis Hold 97.55 98.00 - Reiterates 21 Aug 18 Numis Hold 97.55 91.00 - Reiterates	skinny	Read Full Thread Reply
21/8/2018 18:25	Has anyone actually seen Numis’s research? I have not. The other two analysts reiterated their own targets of 100p and 105p respectively.	chucko1	Read Full Thread Reply
21/8/2018 18:13	Numis doggedly sticking to a TP of 91p.	skinny	Read Full Thread Reply

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