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
  -0.30 -0.32% 93.70 93.50 93.90 95.50 93.50 95.50 408,354 16:35:08
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 3851 to 3875 of 4000 messages
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DateSubjectAuthorDiscuss
06/7/2018
05:50
@chucko1 - entirely agree. Numis still being bearish is a bit odd.
spectoacc
05/7/2018
20:20
daviepj, this BB is way ahead of the game! I reckon the analysts should come on here on Trading Update day to find out what they should be writing!!! (I'm only half joking). That said, Numis started all the price target downgrades and still remain the lowest with a target share price of 91p (we are at 90p today). Others are higher at around 100p. It still remains important when and if Numis find cause to raise their target share price as they have persistently been very negative on management. They really ought to reconfirm what they think as management has significantly changed the past year or so. Were they to do this, one of the major headwinds to share price rating goes away.
chucko1
05/7/2018
19:45
There is a part of the article at citywire.co.uk/investment-trust-insider/news/merchants-takes-the-lead-in-trust-dividend-turnarounds/a1136016?re=56335&ea=398014&utm_source=BulkEmail_Investment+Trust+Insider+Weekly&utm_medium=BulkEmail_Investment+Trust+Insider+Weekly&utm_campaign=BulkEmail_Investment+Trust+Insider+Weekly that covers ESP
daviepj
05/7/2018
12:06
Pleased to see they are continuing to deliver on their recovery plan. Still a long way to go before market gives them benefit of the doubt but every day is hopefully a step closer.
horndean eagle
05/7/2018
07:59
If they are being selective, they are selecting the most appropriate figures in this brief update. Full occupancy at rates they previously indicated were higher than last year's (though by a tad less than the then inflation) is a key measure. And so is the operating margin as this takes into account the huge misses on cost management (which I believe to be the focal point of the comapny's previous unacceptable performance). This update is all a long term holder should have reasonably expected in order to remain positive. For ESP, "boring" is the new "good". The dividend cover will take care of itself in such circumstances.
chucko1
05/7/2018
07:44
Seems OK although not a lot of meat in there to go on. One trusts that they are not being selective with the figures they have chosen to include in the TU.
speedsgh
05/7/2018
07:38
Yes making progress on delivering what is needed like higher margins and dividend cover.
stevegrass777
05/7/2018
06:30
Seems to read well, eg: "Bookings for the 2018/19 academic year are continuing to progress well and are currently at 76% compared to 63% at the same time last year, and up from 57% as announced by the Company on 25 April 2018. "
spectoacc
04/7/2018
15:37
daviepj, you are correct. But I would say that your analysis merely represents the symptoms of the past failure to manage costs (both actual and timing) and avoid low occupancy rates of certain locations (Cardiff and Aberdeen in particular). If they get that right, the non-PID portion will take care of itself in lockstep with the EPRA dividend coverage. That willbecome clearer over the coming months with a further indication of where they are at tomorrow morning.
chucko1
04/7/2018
15:20
I have been watching the percentage of the divi that is paid as "non PID" as this seems to give an indication of progress towards a covered divi - think if divi is 100% PID, it is covered by income from holdings. 4th July 2017 28% non PID 23rd Nov 2017 100% non PID 28th Feb 2018 33% non PID 23rd May 2018 84% non PID. Quite a long way from paying the divi as 100% PID. Interesting to see what they say in the update.
daviepj
04/7/2018
14:03
epo001, the issue you are referring to has not as yet been cited as a reason for income shortfall. In any event, the availablility of funds for deposit and rent is not the issue as any UK student would be eligible for a student loan. Foreign students typically pay a year upfront. Some portion of rents are underwritten by the respective unversitites themselves.
chucko1
04/7/2018
11:20
So long as they have the money to pay their rent and leave a deposit.
epo001
03/7/2018
19:33
Yes I agree with everything you said, I also read recently that the UK gov has relaxed university applications from abroad by quite a bit, like the money they have to have etc.I am very positive that esp will make progress on dividend cover. If they have its a very good sign.
stevegrass777
03/7/2018
16:31
Well, they've all been interesting, but there has so far been very muted reaction to their increasing positivity. It is as though this stock is sufficiently hated that only the actuality of full EPRA div cover for FY 2019 (published in March 2020, I think) will bring the share price back to close to NAV. But, I think the smart trade (all other things being equal) is to look at the FY 2018 div cover. They have targetted 70% or so and if they meet that, I reckon investors will be looking to jump on board as the management's credibility will have sufficiently returned. In other words, the prospects for ESP will be forward-looking once more rather than merely facts based. What is key for this update is that forward bookings maintain the trend of being somewhat ahead of this same time lat year. I think that the matter of costs is rather easier and has been pretty well identified. Of course, they must not fail on costs - that would be a disaster - but that is an execution thing rather than a business case thing. Their competitors have successfully managed costs.
chucko1
03/7/2018
16:00
Could be interesting.
stevegrass777
03/7/2018
12:13
2 more days until trading update.
clausentum
20/6/2018
09:18
http://www.dailymail.co.uk/news/article-5850417/Foreigners-allowed-study-UK-universities-without-having-prove-speak-English.html This has got to be good for business.
stevegrass777
23/5/2018
06:22
Dividend Declaration The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, has declared a dividend of 1.25 pence per Ordinary Share in respect of the quarter ended 31 March 2018, payable on 15 June 2018 to all Ordinary Shareholders on the register on 1 June 2018. The ex-dividend date will be 31 May 2018. 0.20 pence of this dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax exempt property rental business and 1.05 pence will be paid as an Ordinary UK dividend ("non-PID"). The Board is targeting a dividend of 5 pence per share for the year to 31 December 2018.1 Note: (1) The target dividend is a target only and not a forecast. There can be no assurance that the target will be met and it should not be taken as an indication of the Company's expected or actual future results.
skinny
14/5/2018
12:30
Yes, I also wish to see Numis less doubtful. Market moves in late 2017 were, it appears, somewhat correlated with their output (which I have never seen).
chucko1
14/5/2018
12:08
Thanks @chucko1. It's Numis I want to see turn bullish, they called the fall.. Still - hard to argue that ESP is over-valued here, assuming everything has been going as per their updates.
spectoacc
14/5/2018
11:31
Another thing I did not expect was a Buy recommendation from Stifel. They have a target of 100p and they have just initiated coverage of the stock.
chucko1
10/5/2018
14:02
I agree. This steady, unspectacular rise is consistent with constant buying by a fund who believe that the risk reward made little sense at 83p. What is of note is that there does not appear for the first time in a long time to be a keen seller. I still remain of the belief that the management will substantially deliver the targeted EPRA div cover at the end of this year (two thirds, they state). They have been consistent over the past months in saying that they had got a good handle on the cost overruns and the selectively poor bookings. In any event, were that not to be the case, the share price remains at a 15% discount to NAV and if UTG and DIGS can make the model work, then there will be someone to take this portfolio of our own hands to make it work! I would also add that if they do prove adequate progress at FY 2018 YE, some might assume that this would continue to FY 2019 (full div cover) and so the recovery in share price would be front loaded. Given all that, a 100p share price within the year would be what I was looking for and that would represent a 17p gain plus 5p divs, or a 26.5% return over this one year period. And with limited downside. I prefer this risk reward to most other things (all, actually), I currently see in financial markets. (actually, PLUS500 might run it close, or at least did do until it jumped 50%!). Be aware that I am talking my own book as I do own a number of these, and although I am roughly break even (only because of trading profits on this stock), I did not expect what happened in Sep last year.
chucko1
10/5/2018
13:28
Looks like sentiment might have turned a bit...
stemis
25/4/2018
13:13
I suspect the experience of going to university is likely to remain a key attraction to those in the 18 to 26 age bracket. The online experience is certainly growing, but much more for those who are more mature and in jobs. They are targeted on courses that augment business/work skills, so for example business-type degrees (so far). But yes, a risk that should not be discounted. University lecturers going on strike and not preparing candidates for final exams hardly helps someone decide to fork out £50k plus for a three year residential course. But I see a near unlimited supply of Asians looking at the UK education “product”;. So long as UK PLC does not wreck the franchise.
chucko1
25/4/2018
12:06
I am doing a masters degree at the moment, all lectures are video recorded and there are a considerable number of distance learning students who do it remotely. The Uni also has a considerable number of European and other overseas students and how (or whether) this will change next year is obviously of concern to the University and companies like ESP.
epo001
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