Empiric Student Property Share Discussion Threads

[jonwig] 03/3/2016 11:46

IC recommends ESP still a "Buy" after the announcements this week. It's one of their recent tips.

One of my brokers (advisory) suggests taking up the allocation but no more: "due to the macro backdrop for the UK at the moment".

[davr0s] 01/3/2016 17:21

Yes hard to see attraction at this price - will revisit nearer the deadline

[jonwig] 01/3/2016 13:46

Clausentum - That's a very fair point!

[clausentum] 01/3/2016 13:25

Once the share price goes xd and the 1.5p dividend is deducted it appears we could be back at the new issue price of 107.5p, in which case is there any point in taking up the offer of new shares?

[jonwig] 24/2/2016 14:36

Yes, you're right there! I suppose they have one thing in common: payment up front!

[a0002577] 24/2/2016 12:36

But if Hello Student moves 5% to the bottom line - which is what they say it will do - then it's better than hello sailor which just implies a single night's rise

[jonwig] 24/2/2016 11:56

Launch of "Hello Student". It sounds too close to "Hello Sailor" for my taste.

[jakedog2] 28/1/2016 21:33

Largest holding in both SIPP & ISA. Agree with Wirral regarding NAV update providing the next catalyst.
Kicking myself for not adding further during pull back last week

[wirralowl] 27/1/2016 10:22

Yep, very happy to continue holding too. NAV update at the end of the quarter should provide another boost to the share price

[cheshire man] 27/1/2016 09:39

Pleased with this TS and happy to hold, divi's not to be sniffed at in these markets :-)

[jonwig] 27/1/2016 07:29

Half-Year-end trading statement. What we'll get in due course is the property valuation. This is important for me as I don't want to see their portfolio fall in value at a time when they want to raise more bank debt.

Looking at cost/bed, at 30 June, the portfolio had cost £59,000 /bed and was valued at £72,000 /bed, whilst the most recent purchases (858 beds) had cost £112,000 /bed. (I know I'm blending completed and development assets.) The growth rate looks - maybe? - unsustainable.

Expected dividends of 6p are in line with earlier projections and the latest quarterly payment.

[cheshire man] 24/12/2015 07:47

Excellent stuff indeed TS :-)

[jonwig] 24/12/2015 07:39

About £108k per bed. That looks much in line with other recent purchases, though 5-bed suites ought to lower the value a bit. On the other hand, as said, it's producing income from the off.

The £250m (?) Mansion Student Accommodation Fund has been in liquidation for nearly two years now. Apparently Mansion is in "exclusive talks" with a single potential buyer. Empiric has, of course, big expansion ambitions but the recent share issue was the last in its current programme. Possibly Empiric, though not probably?

[treeshake] 24/12/2015 07:16

An earnings from day one acquisition !Excellent stuff

[treeshake] 18/12/2015 18:22

Slowly slowly with this one

[davr0s] 14/12/2015 17:54

Getting tempted to add at these levels....

[5oletrader] 03/12/2015 16:27

I make that a Break Out

[jl9] 02/12/2015 10:24

More here:

[jl9] 02/12/2015 10:09

Yes, May wants to hang on to students as a means of 'getting tough'. Never mind that students aren't immigrants, or that the vast majority of people appreciate this, or that foreign students are key to the whole UK higher education system and government efforts at so called soft power (they prefer the soft-in-the-head power that is overseas aid).

It's utterly demented and very, very British.

Let's hope sense prevails.

[jonwig] 02/12/2015 06:59

Foreign students could be excluded from official migration figures, George Osborne has indicated, in a move that would see the total number of declared migrants in the UK fall but could lead to claims that the Government is attempting to massage the statistics.



Important, because resticting foreign student numbers is the easiest way for a government to get the raw figures down if it desperately needs to.

This move could, of course, lead to a significant increase in foreign student numbers. (70% of ESP's population.)

[bscuit] 22/11/2015 17:20

Bearbull in IC prefers ESP to PHP for 1% better yield. PCTN was also mentioned.

[justin1117] 16/11/2015 10:57

Well it was in the paper yesterday!! DM has a habit of recycling news

[clausentum] 15/11/2015 19:58

That Midas update was 5 weeks ago!

[justin1117] 15/11/2015 10:31

MIDAS SHARE TIPS UPDATE: Luxury student digs tip Empiric Student Property boosts portfolio ninefoldRead more: