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
  0.40 0.43% 94.40 94.40 94.50 94.60 93.90 94.00 9,529,326 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 64.2 40.3 6.7 14.1 569

Empiric Student Property Share Discussion Threads

Showing 3751 to 3775 of 4000 messages
Chat Pages: 160  159  158  157  156  155  154  153  152  151  150  149  Older
DateSubjectAuthorDiscuss
12/2/2018
16:36
At about £45k per bed, it is certainly a statement of intent about continuing with the 2025 plan. One of the key takeaways from the Q4 fiasco was that you need scale in a smaller number of locations to get the costs in line with the stated dividend policy. This is such a hated stock at the moment!!
chucko1
12/2/2018
16:33
Take a tour of the Emily Davies Halls of Residence in Southampton which has been acquired by the company... HTTPS://youtu.be/PDrrRFwWv2k
speedsgh
12/2/2018
15:36
RNS out today. Empiric acquires student accommodation property in Southampton: Emily Davies Hall The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of student accommodation across the UK, is pleased to announce that the Group has acquired the freehold of a 240 bed student accommodation property in Southampton, the Emily Davies Halls of Residence (the "Property"), for GBP10.6 million (excluding costs).
killing_time
07/2/2018
13:50
Wonder if the next "news" will be how bookings have fared for the next academic year - should know well in advance.
spectoacc
07/2/2018
13:15
Stick with it - you may one day be proud of your fortitude. It’s really suffering and I suspect the main reason is that there is no reason for any rise to stick when facing a headwind as we saw with the recent overall market falls. Until there is both a new CEO and some better earnings, we will not move much higher, I think. But all we need to do is to be average as a 5p div. on an 84p price is a 6% running yield before anything else happens. There are worse fates.
chucko1
07/2/2018
13:07
Lack of news after the action back in late 2017. Last year we had ex div in January and paid in Feb ! New CEO ? .... Think we are overdue an update of some kind
hannath
07/2/2018
12:57
Drip drip drip...one of the worst investments I've ever made.
andyj
03/1/2018
21:25
Given feudal long-leasehold [more than 20 years] tenure were abolished in Scotland on 2000 and 2014 leaving only freehold and short lease tenure the use of the word feuhold demonstrates alack of engagement by ESP and the Nomad/Financial PR body with the need to accurately infom the market.
bscuit
03/1/2018
20:34
'Bearbull' in IC often has interesting things to say. On ESP last week: So the odd things are not just that chief executive Paul Hadaway was sacked but, first, that his dismissal took a further three weeks to materialise and, second, that his temporary replacement, Tim Atlee, Empiric’s investment officer, is a business clone of Mr Hadaway; they are long-standing business partners who founded the property company from which Empiric emerged. One wonders, why should one be sacked and not the other?
jonwig
22/12/2017
09:03
SteMiS I totally agree. Any buyout rumours will just be a short term bump and in any case a buyer will want a significant discount to NAV. Last thing holders here need is a firesale. Far better to sort out the business and get it firing on all cylinders. The business is not a complicated one and there are plenty of other companies executing well in it. They just need to copy them and steady the ship.
loglorry1
22/12/2017
08:55
I think (and hope) ESP are doing what they should be; sticking to the plan and sorting out the cost base and deploying their capital. If they do that successfully the share price will look after itself...
stemis
22/12/2017
07:50
Nice balanced view on ESP chucko1. Agree that there's no reason why this company cannot be turned around and made to work. In my view the hard works been done with the property bought and the rooms filled. Now its just the case of getting the costs under control and running the company.
killing_time
22/12/2017
07:44
Yes - unclear where ESP add value here, but not enough detail to know. Feels a bit same-old.
spectoacc
22/12/2017
07:34
The fact that the Uni will operate the building until 2020 probably suggests it will be full, and any unforseen costs will fall on them rather than the feuholder (a new word for me!) - but it would have been good to be told the initial yield.
jonwig
22/12/2017
07:31
"ESP, the owner and operator of premium student accommodation across the UK, is pleased to announce that the Group has acquired the feuhold (the Scottish equivalent to a freehold) of a 64 unit student accommodation property in Edinburgh for GBP7.15 million (excluding costs)." Anyone think the costs are another £7.15m? :) :)
spectoacc
22/12/2017
06:59
Thanks @chucko1.
spectoacc
21/12/2017
21:45
I think that the £600mm represents the value of the company, bearing in mind that it has £820mm of assets and around £220mm of debt. The CFO’s purchase of circa £45k of shares is most interesting, unless one believes that she is incompetent and has got the new plan/forecasts wrong! This would be a notable feat given what she had taken over. But then the former CEO bought in at 106p just after the EPRA dividend revelation, so perhaps they have all been afflicted somehow. Actually, I don’t think so. On the earnings call, the former CEO was genuinely positive and backed that up with the 60,000 share purchase. My take on this is that he felt, and still feels that ESP is on a good path. I suspect that he is looking at it through the prism of property development and that he has created significant value. He failed to see it through a more comprehensive prism, that being one of sustainable and transparent cash flows. The dividend coverage misstatement turned out to be unsurvivable, ultimately, but it ought not to have been. This is a young enterprise where value has been lost through inefficiencies - you think this is the only one!!?? I suspect that opposite to this is the value creation via successful property development. You should look at the financial statements for both DIGS and Unite. Early years defined by poor dividend coverage, but overall shareholder value enhanced by increased property values. In the case of Unite, the shareholder returns average 12% per annum over 18 years, although in 1999, rates were much higher than today, so there has been a relative tailwind. But DIGS is also a young company with good returns so far, so it is unlikely, in my opinion, that the general business model cannot be made to work. It’s students filling rooms - it’s not advanced Kepler planetary motion. Contrary to the bullish tone of the above, however, is the inescapable concern about the positive June trading statement followed by the July issue at 109p. This is the part that I deem unsurvivable given what must have been known, or ought to have been known at that time. After all, the former CFO did not leave for no good reason. But I think this is more a statement of the former CEO rather than the long term prospects of the company should it continue in its present form.
chucko1
21/12/2017
20:14
I know iv had a few drinks tonight but you cant have a sell value of £600m = 99p and a NAV of £820m =109p If the NAV was £820m then the share price would be around 136p roughly. Secondly the only NAV I can find is around the 104p mark so im not sure how this article with property week is coming up with £820m. Really hope im wrong but I don't think iv had that much. KT.
killing_time
21/12/2017
16:30
No sure it is a no brainer. That NAV will not hold if it works out that the forecast levels of rents are not attainable. Words have been spoken about cost control - but evidence needs to be seen in the financials to confirm. Until then, this is still a broken business model. It could be there was no interest in the assets at 99p - in that case what is the true NAV? Personally I have sold into this rally for the time being (thanks Sanata). I will only buy back at around 80p or when the management prove they are making it work. And don't forget that divi is uncovered. Good luck all.
belgraviaboy
21/12/2017
16:22
No Brainer "Hold" NAV (£820 mill) = 109p a share Sell (£600 mill) = 99p a share Hold for 5p / 6% income even at this level and let them sort the issues out ! Merry Xmas everyone
hannath
21/12/2017
16:05
As FD she'll have as good a view as anyone if the numbers are moving their way... I'd have thought Brenda Dean's days were numbered surely?
stemis
21/12/2017
15:52
Still, very reasonable encouragement. Stabilisation and success with the business plan would deliver more than a take-out at 100p, I guess.
jonwig
21/12/2017
15:32
Blast - so no sale process then.
spectoacc
21/12/2017
15:21
CFO Lynne Fennah buys 55,400 @ 89.5p = £49,583 Director/PDMR Shareholding - HTTPS://www.investegate.co.uk/empiric-student-prop--esp-/rns/director-pdmr-shareholding/201712211449321232A/
speedsgh
21/12/2017
14:44
Perhaps a slow burner..
spectoacc
Chat Pages: 160  159  158  157  156  155  154  153  152  151  150  149  Older
Your Recent History
LSE
ESP
Empiric St..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20191122 20:10:48