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ESP Empiric Student Property Plc

95.00
0.50 (0.53%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.50 0.53% 95.00 95.30 95.90 95.40 93.50 94.50 1,870,003 16:29:58
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 73M 67.7M 0.1122 8.47 573.14M
Empiric Student Property Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker ESP. The last closing price for Empiric Student Property was 94.50p. Over the last year, Empiric Student Property shares have traded in a share price range of 82.20p to 97.90p.

Empiric Student Property currently has 603,300,000 shares in issue. The market capitalisation of Empiric Student Property is £573.14 million. Empiric Student Property has a price to earnings ratio (PE ratio) of 8.47.

Empiric Student Property Share Discussion Threads

Showing 3401 to 3423 of 4375 messages
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DateSubjectAuthorDiscuss
27/6/2016
09:05
Trading Statement out, note reference to EU, positives & negatives here...likely reduction in EU students counter-balanced by falling £ making it cheaper and more attractive for international (non-EU) students (that form the bulk of ESP's custom) to study in the UK:

Extract below:

Referendum vote to leave the EU

The Board has noted the result of the referendum where a majority of voters have opted for Britain to leave the EU. We are not in a position to determine exactly what the consequences will be for the higher education sector in the UK, however, we believe that the impact on the operations of the Group will be limited. EU students represent only 6% of all full-time students in the UK, due primarily to the historical cap on the number of EU (including UK) students, as well the higher overall cost of studying in the UK (albeit subsidised) compared to continental Europe. Therefore, the UK's higher education system is not dependent on this portion of the market.

While students from the EU may be subject more stringent visa requirements and higher fees, there is strong demand from other international students and the potential long term devaluation of Sterling would make the UK more affordable for international students. There is also a significant increase in expectations of an interest rate fall which would be to our benefit. Therefore, we believe that the higher education sector and, by implication, the student accommodation sector will prove resilient, a view echoed by property market experts such as CBRE (the Group's property valuers) and Knight Frank.

wirralowl
24/6/2016
11:22
here is the view of knight frank

I have pleasure in enclosing the Knight Frank house view on today’s important changes. I have also reflected sentiment based on conversations with key operators & investors below.

Occupational Demand
On the occupational side we believe the Purpose Built Student Accommodation (PBSA) sector should remain confident that Higher Education in the UK is well positioned to ride the storm. Domestic demand for University education is unlikely to be directly affected, whilst all International students will find exchange rate changes make sterling increasingly more attractive.

One category of students that will potentially find UK Higher Education to be less financially attractive is European Union (EU) students that currently are charged in line with domestic students. We might anticipate that they will now be required to pay full international rates although we note that EU students only represent around 6% of the total full time student population in the UK. We also recognise concerns regarding medium term continuity of what is currently EU funding of UK research universities post graduate study programs. The debate over visas may become increasingly relevant to the sector.

Investment Demand
The most immediate impact of today’s news is that the value of US dollar against sterling has increased by over 10% which should be good news to US private equity (who represent the largest “new” investor base in the sector). Strong occupational demand characteristics make PBSA well placed in the UK property sector to weather the current uncertainty. The sectors investment market has predominantly been driven by international equity investing in UK Higher Education sector which they recognise as being a structurally undersupplied residential asset class.

Summary
Uncertainty creates both risk and opportunity but the sectors position supporting Higher Education provides resilience against fluctuations in the economic cycle. Overall we see that the fundamentals remain strong but recognise that protracted uncertainty may prove to have the most damaging impact. The underlying strengths of the UK economy remain in place and ultimately real estate is an asset that works best for those who pursue long term goals. Despite the uncertainty we are currently experiencing, as the dust settles we believe that people will reconnect with the fundamental strengths of the UK both as a critical business location and place to live & study.

nimbo1
23/6/2016
16:05
nice bounce : )
nimbo1
22/6/2016
11:47
I was - we now know which way the market is betting!

Assuming we vote to stay in - I dont believe interest rates will go up in this country for a long time. 5.5% yeild year + probably small increases each year is great. In a world of low returns you dont have to have much capital appreciation if any to make a reasonable reutrn.

I was looking at some of the ishares etf's last night. There is one called KXI which backs all the consumer companies like P&G for example - all of those companies have been 'bondified' - stellar performance and now yields 2%. Got to make vehicles like this look attractive on a relative basis.

nimbo1
20/6/2016
16:07
I think he was referring to the referendum result...and you must know when that will be announced
alter ego
20/6/2016
15:29
nim1,when will results be announced please?
joeall
20/6/2016
13:03
Nice...market jitters over, till later in the week ?
daveofdevon
19/6/2016
07:43
Im going to as well...but only after seeing the result as if out markets may get very irate. Hold plenty here so if it goes up before then will be happy.
nimbo1
19/6/2016
07:33
Topped up here on Friday, amazing opportunity to be in be below the placing price
mysteronz
17/6/2016
06:53
decent size director purchase this morning
algomas
16/6/2016
18:56
possible lack of foriegn students?
oniabsta
16/6/2016
18:18
Nothing changed, just Brexit jitters great buying opportunity.
juuunx2
16/6/2016
15:44
same as all the other stocks that are suffering, market jitters.
daveofdevon
16/6/2016
13:22
Anyone have any ideas for the drop?
swsmith20
13/6/2016
16:47
Shawzie:

Thanks. I will look for a suitable company email address and send the company my comments. I also read that within 200m new accommodation for 300+ students has already been given permission. It really is a bad time to try to cram 68 more students onto a small enclosed piece of land.

clausentum
13/6/2016
13:49
Clausentum - Have you expressed your concern to Empiric? I am sure that the BOD is always open to such feedback.
shawzie
11/6/2016
12:02
I am surprised that on May 4th Empiric bought, subject to planning, land in Wells Street, Exeter to build accommodation for 68 students, it will not be easy to get planning permission. It is an area with a serious problem regarding student accommodation. Anti-social behaviour, drinking, noise throughout the night, and parking problems in narrow streets adversely affects the lives of the local residents, who are now much in a minority. The problems are well known to the council and it no longer permits more conversion of houses to HMO. Trying to replace the land from a small garage with accommodation for 68 students is ambitious to say the least, and the accommodation will be very close to the windows of other residences.

I have a substantial holding of Empiric shares, and coincidentally I visit Exeter every Friday and happen to walk through Wells Street so I know well the area, and the behaviour of the students. Surely there must be easier available locations for building new developments than trying to get planning permission in an area where there has been a 5 year fight to get a better balance between the accommodation of students and local residents.

As a shareholder I am concerned that Empiric will have to spend a lot of time and money trying to get planning permission against a lot of justifiable local opposition, with a limited chance of success, and even if the development goes ahead it will not enhance Empiric's reputation with the residents of Exeter. Empiric has some excellent developments in Exeter, it would be a shame to tarnish its name with such a fight.

clausentum
06/6/2016
16:07
I thought it would be going up, not down, just before the xd date.
clausentum
31/5/2016
15:44
It was a good day - up to the 'UT' finish .
dogwalker
26/5/2016
18:39
Yes and ticking up nicely
juuunx2
26/5/2016
15:20
Student sector currently a good place to be in the context of the wider commercial property market. Plenty of demand for these type of investments. ESP and Watkin Jones look in good health.
nimbo1
25/5/2016
07:57
The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, has declared a third interim dividend for the financial year ending 30 June 2016 of 1.5 pence per Ordinary Share in respect of the quarter ended 31 March 2016, payable on or around 23 June 2016 to Ordinary Shareholders on the register on 10 June 2016. The ex-dividend date will be 9 June 2016.

This dividend will be paid as an ordinary UK dividend ("non-PID").

The Company confirms an annual dividend target of at least 6 pence per Ordinary Share for the financial year ending 30 June 2016. Thereafter, dividends are expected to grow by not less than the RPI inflation index (1).

skinny
22/5/2016
21:05
All looking good.
rjd1233
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