Empiric Student Property Share Discussion Threads

[emptyglass] 31/5/2022 17:49

Story also in the FT : Singapore’s sovereign wealth fund swoops for £3.3bn UK student housing deal

[shauney2] 31/5/2022 08:49

Probably thishtTps://nz.finance.yahoo.com/news/brookfield-sell-student-housing-unit-081936639.html

[spangle93] 31/5/2022 07:57

I don't suppose it's people buying to be on the register for the dividend, when the gain is much greater than the distribution. Wonder what's caused the interest - is there a suspicion it might go the way of DIGS?

[panshanger1] 30/5/2022 17:18

Decent strength today

[makinbuks] 24/5/2022 11:18

Agreed, great shame that Lynne Fennah is leaving

[stevegrass777] 24/5/2022 10:21

Also great news about the dividend and dividend policy today. Seems a sensible and rewarding approach.

[panshanger1] 24/5/2022 09:44

Solid update with encouraging occupancy levels towards the upper end of 85-95% range

[skinny] 12/4/2022 09:47

RBC Capital Markets Outperform 88.80p 0.00p 110.00p Reiteration

[makinbuks] 03/3/2022 12:31

Which is £1.07, 21% higher. And in the meantime 2.8% yield. The big downside to me was the amount of CAPEX going in to fire measures (£37m) and uncertainty around recovery from developers. Interesting that they can still achieve sales above NAV with that uncertainty over liability

[stevegrass777] 03/3/2022 09:51

." W e are continuing to make further non-core disposals, with nine assets sold to date for GBP44.6 million and above book value," This is a sign book value is cautious and not over pricing the assets, great to see. Also bookings coming back to pre pandemic levels is another nice indicator. Chinese students returning is great news. This should trade at book value now!

[makinbuks] 18/2/2022 10:34

Thats really significant I think.

[panshanger1] 17/2/2022 22:13

Times reporting today record numbers of Chinese students have applied to study in the uk in 2022-28,930

[panshanger1] 02/2/2022 14:00

Pretty good statement I would have thought but fairly light as already mentioned I note Peter Spillar over at Capital Gearing still has a sizeable position here last time I looked (always worth watching) IMO

[sphere25] 02/2/2022 10:20

Picked a few up here trying to play this breakout and trend higher up toward that psychological 100p lobbing level. Very light on news today but that statement appears to be bullish enough to give this a kick back higher. Noted a few buyers in size around 91p but put my stop under 90p if that is the wrong call. Wider market events could clearly throw things out of the window in the near term too. All imo DYOR

[cirlbunting1] 02/2/2022 09:38

Bull & Bear case below. Figures used from last night. https://twitter.com/CirlBunt1ng/status/1488807323573395457?s=20&t=0jes5BFHO8nlaYSRECj4TA

[stevegrass777] 02/2/2022 08:57

RNS Trading update looks good, at the upper end of guidance 84% occupancy i feel this is very good progress under the circumstances. None core asset disposals suggest the nav is correct if they are being sold at book value. Edinburgh sounds a good place to expand. This should trade at nav now.

[panshanger1] 20/1/2022 18:42

Liberian - one of their trust tips for the year Alternatives

[panshanger1] 28/11/2021 09:27

I/C mag commentary on this on Friday. Speculating this could be could be a takeover target if discount to NAV persists

[makinbuks] 23/11/2021 12:22

Yes very surprised this has moved back in this way, the negatives you mention are clearly the drivers. COVID has put most courses mainly online so maybe a long term issue as well with less accommodation needed in future. At one time with demand exceeding supply student accommodation seemed a no brainer but much less so now

[lucalelli] 22/11/2021 19:13

What is your view on the recent decline in the stock? Seems to me driven mostly by lockdown news across Continental Europe (plus some fear of rate rises). Company update wasn't that bad and seems a good re-entry point after the gains made earlier in the year..

[panshanger1] 04/11/2021 12:21

Decent update I would have thought

[skinny] 04/11/2021 07:05

Business and Trading Update.

[panshanger1] 27/10/2021 15:05

Best day for a while Might have found a floor here

[makinbuks] 05/10/2021 10:36

Thats really interesting research thanks. This is looking like a strong re-entry point

[mattphillips940] 01/10/2021 10:58

With most university's having returned I thought I would share my thoughts on occupancy for the 2021/22 academic year. By searching for planning permissions on local council websites it is possible to see the room makeup of Empirics buildings. This can be combined with the booking information on the Hello Student website. Currently rooms either display Sold out for room types with no remaining occupancy, Last few for room types with less than 3 available rooms and Available for everything else. Using this data occupancy for Sold out and "last few" rooms can be calculated. For Available rooms I have assumed an occupancy rate of 50%. Using the above data Empiric should have a current occupancy rate of 90% with a revenue occupancy of 92% In pre pandemic years an additional 4-5% occupancy has been achieved with January Semester lets. If the above is accurate and we dont see any further government restrictions we could see a 95% occupancy rate by January. Empiric has previously issued occupancy updates towards the end of October and start of November so that could be one to watch out for.