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
  0.00 0.0% 93.70 93.50 93.90 0.00 0.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 64.2 40.3 6.7 14.0 565

Empiric Student Property Share Discussion Threads

Showing 3701 to 3724 of 4000 messages
Chat Pages: 160  159  158  157  156  155  154  153  152  151  150  149  Older
DateSubjectAuthorDiscuss
12/12/2017
13:07
Also established a small position here. You'd hope that as turnarounds go this should be relatively straightforward and largely a matter of reining in costs. There don't appear to be any issues with the buildings, which in any case are independently valued. Also a lot of the upfront acquisition and development costs should naturally start to fall, while rising occupancy should boost earnings going forward.
riverman77
12/12/2017
11:14
Picked a few of these up this morning. With a near 20% discount to NAV and a div of 6.67% im crossing my fingers that things can only get better, and we start to see a turn around. KT.
killing_time
12/12/2017
10:08
Against my own judgement to some extent, since it is clear investors were taken of a ride in the last fundraise, I've topped up a bit here. If 5p is sustainable and given the discount to NAV I think current prices are a decent enough entry point.
loglorry1
12/12/2017
09:06
The board clearly want to send a strong message to the market; it's more than the usual 'left by mutual consent'. I'm guessing some of the institutional shareholders have given a strong message that they have lost faith in the CEO, especially those who stumped up for the last fund raising. It seems the strong commitment to recovering margin and overhead reduction in the Business Review wasn't enough to placate them. At least something is happening. There's a pretty strong commitment here that things are not good enough! Tim Attlee has been appointed acting CEO. Unless you expect them to plod on without a CEO I'm not sure what else people expected them to do? Paul Hadaway hasn't yet left the company (although may be on garden leave). The announcement is clear that he has been given notice and stepped down as a director.
stemis
12/12/2017
09:02
Nice timing JW . If my experience is anything to go by overheads will fall quite quickly. Sell the Bentley, sack the chauffeur, cancel the in-house magazine etc and then watch as morale climbs.
daveofdevon
12/12/2017
08:46
Well, I did my bit for the share price: 4,000 @ 83.373 though it shows as a 'sell'. DAVE - I think I agree. Perhaps he was the alpha chimp, and they're looking to recruit a CEO from outside.
jonwig
12/12/2017
08:33
I used to make my living sorting out problems like this. In almost every case the remaining executives were a meek bunch who just got on with their work and kept clear of the problem, most of them had no aspirations to take the lead.
daveofdevon
12/12/2017
08:19
I must be reading a different RNS to the rest of you. The only positive I can see is that "Tim Attlee, co-founder and Chief Investment Officer" is only going to be "acting" CEO - ie they may yet recruit someone who isn't responsible for the shareholder destruction we've seen so far. Exactly how firing the current CEO, paying him off, and replacing him with the "co-founder and Chief Investment Officer" from the current mess is a plus, I'm not sure. Signed Disgruntled holder [Edit - "A bunch of foxes have been killing the chickens. But don't worry - we've shot one, you're paying for his funeral, and we've put one of the remaining ones in charge"]. :) Not sure today's news is going to change Numis's view.
spectoacc
12/12/2017
08:15
Sounds like the major shareholders have had a say, and possibility a condition of their continued support.
hannath
12/12/2017
07:46
@jonwig - I don't see that as good news - he's being replaced by another culprit. ESP is suffering death by a thousand cuts.
spectoacc
12/12/2017
07:44
Andy - I imagine it could be. DAVE - if he behaves rationally, he'll be as keen as every other shareholder to get out at a profit, so won't 'dump'. (His incentive plan shares might be subject to a lock-in.)
jonwig
12/12/2017
07:43
Course he will. Hes been given the sack and told to leave immediately, not even given the chance to fall on his sword. He'll be dumping his shares and running off with his huge severance package ASAP.
phowdo
12/12/2017
07:38
After what must have a "night of the long knives" I wonder if he will be unloading his 1.5 million shares
daveofdevon
12/12/2017
07:32
Jon wig is this good news, enough for a recovery?
a1n1d1y1
12/12/2017
07:11
Hadaway away: https://www.investegate.co.uk/empiric-student-prop--esp-/rns/board-changes/201712120700050590Z/ So maybe a bounce now, at least pro tem.
jonwig
07/12/2017
17:05
Need to see some Mgt changes pronto , once confidence goes it takes years to rebuild and these days investors want instant results
1hippo
07/12/2017
12:14
Has the feel of going lower. Remain a holder.
spectoacc
07/12/2017
11:58
Sadly orient, with the price down another 2% today it seems few agree.
andyj
07/12/2017
11:01
I reckon this has dropped enough now and is an excellent price to buy a few..bought a few today and will buy more on any further weakness 👍🏻
0rient
05/12/2017
16:19
Probably the main reason that this might be a short is that the buildings will lose value sharply once the student market gets overcrowded. (I'm agnostic on this point ... in other words I haven't a clue!) It could be that they were constructed without the fallback of alternative use. I remember Mark Watkin Jones saying that his earlier student buildings were specially designed for students, but more recent ones are adaptable.
jonwig
05/12/2017
16:10
Intra day strength today, could be a sign of recovery, tempted now to add more.
andyj
05/12/2017
14:00
@hannath - reasonable points. I guess if I didn't agree I'd have sold out again.
spectoacc
05/12/2017
12:50
to me its a buy, not sure about screaming though ... NAV 109p ... 5p divi return for a 84p outlay, costs been cut and efficiencies implemented, divi now more affordable, another 1000+ beds in use for next term. So its money were my mouth is, in for the longer term income stream and topped up at 83.4p, unfortunately average still above 100p.
hannath
05/12/2017
12:37
Based on the knowledge that is publicly available, it certainly isn't a screaming short, but if you feel that, then why not short?
andyj
Chat Pages: 160  159  158  157  156  155  154  153  152  151  150  149  Older
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