Joint venture abandoned & profits crash. |
Looked like great trading results today, any reaspn for fall? |
Some short interest been declared here |
Just sounds like paying lip service to retail investors, "yes, we'll offer it to them but we'd rather not have the admin, so they'll have to be quick". |
got the email but the offer was closed by the time I spotted it at about 7pm last night, only 600000 raised from small investors, an afterthought for them? |
Yes.
It was an accelerated bookbuild, retail platforms are too slow on these. |
Did anyone get notification of this retail offer?
I got an email from AJ Bell at 5pm yesterday which stated that the retail offer existed and would close in 90 minutes, the code they sent me does not work this morning which is when I noticed the close time. |
Think the diversification is useful and expect the dividend to rise over time Wouldn't be surprised to see it taken out either ( as DIGS was) |
Buy for what a 4% divi yield?I wouldn't in the reit space where far better options available.I believe unites divi yield is slightly better so if I was to get back into beds I wouldn't touch this |
FWIW Empiric covered by Tempus in the times today Positive commentary and buy recommendation |
All looks on track Small increase in dividend Will keep holding for the diversification although yield is very disappointing |
Interims 15/8 |
New 52 week high today |
If you have an adept management team and buildings with scale then yes.Unfortunately empiric have neither |
UNITE Group released good results today. There must be some read through from that to ESP. Seems the student market is very strong. |
I agree, but all I am saying that for the last 2 years all other student companies have been flying. To have a dividend still below that of ipo is shameful.In addition all the ceo seems to do is get more and more ned roles.They should be leveraging the platform or selling out to PE to get shareholder value but they just want their paychecks |
You don't think a chance this will be taken out PE took out digs after all |
Why should it be flying? As you point out the yield is less than you can get on a no notice deposit account so presumably you think there are growth opportunities? Not that I can see. This jumped on a bandwagon and now finds itself in an impossible macro environment. All the directors at IPO have gone of course |
Yet still only a 3% dividend.This stock should be flying but clearly a poor ceo |
ESP properties are already full |
The Rt Hon Keir Starmer loves this country more than anything in his life and will bring millions of foreign students to the UK which will boost ESP's rental income |
Great summary and to answer your question in a word, mismanagement. The original model was all about returns for the manager not the shareholder. There was a good attempt to clear the decks and sort it out and this is the steady state arising from that. Significantly overpriced is my personal view |
For the initial Ipo investor putting in £1 for each share and ten years later only getting 3.5 p in dividend, it is not a great company. In the meantime the rent for uni. Student must have doubled or even tripled in those years. How come the return is so terrible? |
So what's going to lead to any re-rate of this stock. Every quarter the position seems very positive but it's not making any real headway.
I guess there's a gradual upturn, in that it hasn't seen prices starting with 8- on many occasions in the last 6months, and it hasn't been clobbered by debt refunding worries like some of the REITS and alternatives.
The dividend remains a bit pathetic though |
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