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
  -0.20 -0.21% 94.00 94.30 94.50 95.10 94.00 94.00 775,894 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 64.2 40.3 6.7 14.1 567

Empiric Student Property Share Discussion Threads

Showing 3676 to 3696 of 4000 messages
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DateSubjectAuthorDiscuss
05/12/2017
08:30
Ah well, at least everyone's getting a range of opinions to consider...
stemis
04/12/2017
21:30
No Joe, you are not alone but the share price reflect the mind set of shareholders and potential shareholders who've lost some confidence in management (or in Horndean's case, all confidence...lol). I think most investors probably saw this as a low risk scenario in which management would buy some properties and net income would rise linearly and quickly to cover the initial dividend and then provide a rising income. It clearly hasn't worked like that. But sometimes business doesn't. I do disagree with Jonwig to some extent in that it would have been an easy option for management to just give some bland statement about cutting costs. Instead they've nailed their colours to the mast with some pretty firm targets against which the market can assess them. I doubt they'd survive missing them so I assume they are confident they are achievable. If they do the market will be buying the shares again at 110p+.
stemis
04/12/2017
20:41
joe - not worthless, of course. But the attempt by the board to rebase expectations seems to have been fruitless. Objectively, the property sector and this sub-sector should not be posing problems. My own opinion (already stated) is that they should have fallen back on a position from which they could only improve rather than state expectations and targets which were still hopes. Also, quite a number of new REITs are coming to the market and most of them seem to have a pretty conservative investment policy. Maybe sellers are just switching into propcos which they view as safer?
jonwig
04/12/2017
20:27
So are all these properties now suddenly worthless - now seems to be on a 20% discount to NAV and a target yield of 7.3% in 14 months. Thought for a moment there the CEO might be backing himself with serious money but apparently not. I seem to be alone in seeing this as bargain territory. Perhaps someone can explain to me where the horrendous risk is here ?
joepublic1
04/12/2017
08:51
Well that at least removes a worry, when I saw the RNS on friday evening I thought he might be jumping ship.
daveofdevon
04/12/2017
07:38
"Further to our inability to even communicate effectively..."
spectoacc
01/12/2017
19:17
Jonwig, thanks for the insight. It seems that Worldquant’s short is likely to be technical. They are in and out of their short positions with extreme frequency which is consistent with what a US Quant fund would have expertise in. Seems the clue is in the title!
chucko1
01/12/2017
15:30
That's some list @andyj! Sorry to hear. Times like these I remind myself of the old adage: "Warning: shares can go down as well as further down".
spectoacc
01/12/2017
14:47
Tbh at the end of an annus horriblis, having invested in CLLN, PFG, BT, CNA, ISAT and INTU, I could do without these supposedly safe investments dropping like a knife.
andyj
01/12/2017
10:57
Out of interest did any of you take shares in the placing at 109p. If so can you please message me off board.
horndean eagle
30/11/2017
15:16
chucko - thanks for your post. The short position is detailed here: Https://shorttracker.co.uk/company/GB00BLWDVR75/ It seems they do a lot of this, and it may well be entirely "technical", as you say. Apart from that, the lack of major holdings movements is noteworthy, as I said. It also seems BlackRock were periodically short last year! My interest in ESP is that I held them once, and am looking to buy again. They just aren't quite a clear upwards bet for me at the moment.
jonwig
30/11/2017
14:42
Actually, a new share register has just been published. A hedge fund called Worldquant has taken up a short position of over 3mm shares. The interesting thing about this is that this short was notified on 24th, just after the trading update. All other entries are dated as of November 17th, reflecting activity over the past few months or so. Worldquant, as far as I can tell, is staffed by supposedly smart PhDs out of the US, which is an anomaly since just about every other interested party is UK based. One might infer that there position is therefore entirely technical as I do not really think they would have much interest in speculating on the sorts of things that will increase/decrease ESP’s fundamental prospects. What I do not know is short position was established some time prior to its date of reporting and was a reaction to the initial sharp sell-off. Otherwise, I was interested in those holders who had entirely sold out of their positions. The reason I find this interesting is that they will have become true non-believers, and therefore exerted the greatest downwards pressure. The total amount of such sales amounts to about 10mm shares, the largest such seller accounting for 4.4mm. To me, this does not seem a very large amount given that there was an individual sale of 23mm shares a few months ago that caused a 2 to 3p move only. Therefore, one can deduce that just about all of the recent move is non-technical and reflects fundamental disquiet (which I share, but maybe not as much as others).
chucko1
30/11/2017
13:14
Thanks jonwig, still trying to decide whether to buy more...
andyj
30/11/2017
12:05
It's xd today (1.5p), which explains all the fall. Puzzled why there have been no holdings statements since the fundraising (except BlackRock, which seems to have taken a very few).
jonwig
30/11/2017
10:24
Continuing to tumble. A steady rush for the exit after the results or more bad news coming?
andyj
30/11/2017
06:34
SteMiS - A 91p target would be lower than the previous one (23 Nov) of 94p, but 'hold' would be logical at a share price of 89-90p.
jonwig
29/11/2017
13:01
You could ask them how many beds they expect to have when they've deployed their current capital (equity and debt).
stemis
29/11/2017
12:04
Small point maybe but their branding is dire at https://www.hellostudent.co.uk/. The website is bad and the flowers look more like a funeral parlor which given recent events might seem apt when I come to think of it. Given their target market they need to spend a tiny bit on branding. A few K should sort this out and help with enquiry rates.
loglorry1
29/11/2017
11:58
Shuffle - thanks for invitation. I do have a query: "Current LtV is 32.2% against target of 35-40%, and they have undrawn facilities. Since raising new equity would be problematic, does the company intend pursuing further expansion by taking on further debt as far as the upper limit they have indicated?" [Deliberately mild and civil wording. But I'd see further borrowing at this stage as a bad signal.]
jonwig
29/11/2017
11:30
I may get a chance to meet with the management next week and am compiling a list of questions to ask. Any specific questions you would like answering apart from the obvious. Thanks
the shuffle man
28/11/2017
14:39
A bit of an overreaction.
stemis
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