Empiric Student Property Share Discussion Threads

[eggbaconandbubble] 12/9/2016 15:46

Anybody able to exactly explain that BlackRock initiated RNS?

[juuunx2] 08/9/2016 17:54

Nice steady tick up here. Softly softy does it

[gswredland] 07/9/2016 16:46

Agreed Nimbo!

[nimbo1] 06/9/2016 14:48

Im a very happy holder - c.6% yield from purchase price and lowish volatility with prospect of some growth. What isn't to like as part of a well balanced portfolio!

[juuunx2] 05/9/2016 17:23

Yes I've been adding here looks like a good solid play with excellent dividends. Having a son at uni I know all about accommodation costs. These will make a killing in next 3-5 years.

[cheshire man] 05/9/2016 12:18

Steady buying this morning I see, ESP has been good to me over time with a good divi to boot,,

Empiric Student Property plc

("Empiric" or the "Company" or, together with its subsidiaries, the "Group")

NOTICE OF FULL YEAR RESULTS

Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, will announce its full year results for the period 1 July 2015 to 30 June 2016 on Wednesday, 14 September 2016.

[juuunx2] 25/8/2016 09:50

Joan of arc, after my recent investment steady growth with a nice div is a welcome change.

[joan of arc] 24/8/2016 17:24

A000 v .good.

juuuunx No these won't break out. They're basically an income share with at best steady growth prospects.

[a0002577] 24/8/2016 15:10

I feel a breakout coming

Thought they invested in student lodgings not prisons!

[juuunx2] 24/8/2016 14:45

I feel a breakout coming any thoughts?

[maddox] 24/7/2016 20:11

Comment in Investors Chronicle -

'There are other (real estate) sectors that really have little exposure to the referendum. One is student accommodation. Building purpose-built units for overseas students reflects the demand for decent accommodation from students coming from Hong Kong, China, and Russia, and elsewhere. Just 5 per cent come from the EU, and with the cap lifted on overseas student numbers, together with a weak pound, the attractions are there to see. Crucially, companies such as Unite (UTG), Empiric Student Property (ESP), and GCP Student Living (DIGS) have had little trouble raising funds to develop their portfolios.'

[clausentum] 07/7/2016 09:39

When I bought ESP at 107 I thought the biggest future risk was a rise in interest rates which would make the yield less valuable. Mark Carney has now talked down sterling and the economy, and indicated lower interest rates and QE are more likely, hence this should support the value of ESP's yield.
When a good quality item is "on sale" in a shop it is easy to buy it, but when a good share is "on sale" at a lower price it is psychologically so much harder, but yesterday I added twice at <100, now I must just be patient and appreciate the dividends.

[bscuit] 06/7/2016 23:27

A few months ago Bearbull - IC - preferred ESP for the extra 1% yield to PHP, but the reality is that its yield is more gilt like and indeed has suffered less badly than ESP, though it is noteworthy that both have suffered in the very recent institutional property fund suspension of dealing. As Questor has commented elsewhere Property UTs are flawed in the their assets are by definition illiquid and yet there can be run on the units.

[davr0s] 06/7/2016 21:17

Whether we like it or not commercial property dropping will likely reduce NAV here hence the sympathetic drop - but I agree the income looks fairly secure

[ricky46] 06/7/2016 18:25

So this is a guaranteed 6% income share at this price, students wanting accomadation isn't going anywhere

[nimbo1] 06/7/2016 09:40

Im happy holding here for the income and will buy more if it gets silly - rates to 0 should be supportive. The world can now get a decent income at 20% off last years costs!

Everything tarnished with the same brush though. Also it is possible some commercial property funds hold here - they all hold reits and the like to provide liquidity for when they have redemptions. I doubt there is a huge amount of that in here but could also result in some selling. Maybe that is more relevant in bbox.

[jonwig] 06/7/2016 06:55

dd) weaker sterling will make fees more attractive to overseas students.

[maddox] 06/7/2016 00:04

Hi guys,

Couple of points for your consideration:

aa) Student accommodation is a very different species to commercial property (office and retail primarily);

bb) The cost of developing student property will be dropping along with the fall in commercial property development activity; and

cc) More land will be available at more reasonable prices for student accommodation development.

The financial viability of student property development in Central London was becoming marginal in competition with commercial property development. IMHO the linking of the post-Brexit travails of commercial property with student accommodation is miss-placed. Every cloud as they say.....

Regards, Maddox

[plasybryn] 05/7/2016 09:24

I think we are expecting an announcement in July, which should cover the next Dividend info.

[clausentum] 05/7/2016 09:12

I suppose we can blame Standard Life halting redemptions in its property fund for the current drop.

[clausentum] 01/7/2016 11:01

Empiric bought land in Wells Street, Exeter, for a dense 68 unit development, pending planning permission. Planning permission has been refused.

[clausentum] 28/6/2016 11:57

£/$, tech, bank, and small company shares are all behaving as expected with a leave result, but the volatility of ESP really has surprised me. It is the ideal share to buy and forget, and just collect the dividends,which should imply low volatility. If we lose a few EU students we should pick up more international with the lower pound.

[daveofdevon] 28/6/2016 08:54

Tipped by TEMPUS in the Times apparently.

[nimbo1] 28/6/2016 08:43

agreed - very hard to buy first thing. Income wise these will benefit from the weaker pound. NAV wise who knows - but 6% yesterday was considering we might soon be at 0% interest rates is awesome.