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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 -0.62% 64.10 63.30 63.70 67.70 62.50 67.70 951,645 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 70.9 54.8 9.1 7.1 386

Empiric Student Property Share Discussion Threads

Showing 3926 to 3948 of 4175 messages
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DateSubjectAuthorDiscuss
14/2/2019
16:08
Admittedly not an easy subject to broach as you stand up from bended knee ;) ESP still look cheap to me - tho not outrageously so - with NAV ticking up & metrics improving, and eventually a return to a progressive divi (from this lower base).
spectoacc
14/2/2019
15:14
Where were you when I needed you 20 years ago?
chucko1
14/2/2019
15:11
Pre-nup boys, pre-nup ;)
spectoacc
14/2/2019
15:04
Yes - I've been there too!!
skinny
14/2/2019
15:02
Well, she would end up with them anyway if my experience is anything to go by! He does accrue virtue points, though.
chucko1
14/2/2019
14:48
Trusting!! DIRECTOR/PDMR SHAREHOLDING
skinny
14/2/2019
09:49
SpectoAcc, that is my estimate of NAV. In these circumstances, a 10% discount seems pretty fair. With a trading volume of 37k so far today, no one appears to be rushing anywhere with this update!
chucko1
14/2/2019
09:06
Incremental progress is still progress, & ought to trade nearer NAV if/when they hit targets (of occupancy, dividend coverage, & costs). I reckon NAV must be about 110p now?
spectoacc
14/2/2019
08:32
Mmm. Doesn't look like a lot of operational progress in H2:- a gross margin above 61% (2017: 57%) - it was 62.3% in H1 administration costs below £10 million (2017: £13.5 million) - they were £4.873m in H1 dividend to be at least 60% (2017: 33%) covered by adjusted earnings - cover was already 60% in H1
stemis
14/2/2019
07:50
Yep, all looks good.
killing_time
14/2/2019
07:34
I particularly liked: "The unaudited like-for-like property portfolio valuation increase between 31 December 2017 and 31 December 2018 is expected to be in excess of 4.5%. "
spectoacc
14/2/2019
07:21
Trading Update The Board of Empiric Student Property plc (ticker: ESP) (the "Board"), the owner and operator of premium student accommodation across the UK, is pleased to provide the following update ahead of the publication of the Company's results for the year ended 31 December 2018, which are expected to be announced on 20 March 2019. The Group continues to make good progress on delivering financial and operational improvements across the business. For the year ended 31 December 2018, the Board expects the Group will deliver significant improvements in the following key financial metrics in line with previously announced management expectations: a gross margin above 61% (2017: 57%); administration costs below £10 million (2017: £13.5 million); and the dividend to be at least 60% (2017: 33%) covered by adjusted earnings. The unaudited like-for-like property portfolio valuation increase between 31 December 2017 and 31 December 2018 is expected to be in excess of 4.5%. The Company remains on track to meet its aggregate dividend target of 5.0 pence per share for the year ended 31 December 2018, payable quarterly, of which 3.75 pence per share has been paid for the nine months ended 30 September 2018. The programme of bringing all facilities management in-house in stages by 1 April 2019 remains on track and bookings for the 2019/20 academic year are progressing in line with expectations. The Board continues to be confident in the outlook for the business.
skinny
20/12/2018
15:08
Yes looks sensible to fix rates. And the fact it was done at a reasonable rate means ESP must be making progress in the banks eyes. All looks good here at the moment, nice defensive stock to hold.
stevegrass777
20/12/2018
07:26
A tidy looking refinancing - 10yr debt at 3.19%, debt maturity profile out to 8 years.
spectoacc
14/11/2018
11:16
The trend was unlikely to be broken in this academic year just gone as the rate of income was determined last September, and reflected in results for Dec17 to Sep18. It’s the next dividend or two which will say a lot, perhaps. These ratios have been all over the place with the entire thing being paid as an ordinary dividend in some previous quarters and other times entirely as a PID. And that’s just in the same year, which seems to defeat the comment I made in the first paragraph, unless the new management see a reason to allocate group costs more against the rental side for the past year as opposed to the overall corporation. Furthermore, I just looked at the HMRC note on PIDs and I suspect a REIT might be able to have a degree of flexibility in the timing of profit allocation (though I am no expert, most certainly!) Nevertheless, I would not worry too much - it’s the financials that matter. If they tie into the progress which has been stated and restated the past months, the dividend issue will just be a curiosity. But it was the first thing I noticed this morning, just as you did.
chucko1
14/11/2018
10:33
Agree - this trend does not make sense to me. :-(
pj fozzie
14/11/2018
08:09
I don't like the trend: Nov Aug May Feb Non PID 1.13 1.09 1.05 0.41 PID 0.12 0.16 0.20 0.84 These numbers should be going the other way. Good luck to holders, but I am out - dividend increasingly uncovered by rental income.
belgraviaboy
14/11/2018
07:07
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 30 September 2018, payable on 7 December 2018 to all Ordinary Shareholders on the register on 23 November 2018. The ex-dividend date will be 22 November 2018. 0.12 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 1.13 pence will be paid as an Ordinary UK dividend ("non-PID"). The Board is targeting a dividend of 5.0 pence per share for the year to 31 December 20181. 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
04/10/2018
13:35
SteMiS, I totally agree. All the signals are good, but until we actually see the audited financial results saying that the dividend cover is 70ish percent for FY18, I think it is a struggle to go a lot higher. The first part of the recovery is now behind us, so more share price progress may well be made as and when clarity on the dividend cover for FY19 becomes apparent. Additionally, the market was generally weak today and there has been a fairly sharp rise in long term rates the past 2 days (10bps). As I write this, share price ticking up to 96.70/96.90, so up 0.4p whereas prices of other REITs down by about the same amount.
chucko1
04/10/2018
10:07
I guess it's had a good run up from the low 80's so a bit of consolidation is probably not unexpected. It sits at a discount to historic NAV of 8.6% but the yield of 5.2% is currently uncovered so I guess the market is waiting for concrete signs that is going to be soon...
stemis
04/10/2018
08:11
Thought it might have opened a bit higher - read well to me
spangle93
04/10/2018
08:04
Looking good, very close to fully let,
stevegrass777
04/10/2018
07:26
Trading Update TRADING UPDATE The Board of Empiric Student Property plc (ticker: ESP) (the "Board"), the owner and operator of student accommodation across the UK, is pleased to provide the following update on trading. Bookings for the 2018/19 Academic Year have reached 96% as at 3 October 2018, which is significantly ahead of last year. New reservations are continuing and the Company is on track to achieve the full occupancy target of 97%*. These later reservations relate to specific assets within the Company's portfolio where lettings to international and postgraduate students continue through October and into November. On 1 September 2018 Hello Student® assumed the marketing and lettings management of the Company's entire portfolio and successfully took control of facilities management for 27 properties. The facilities management provision for the remaining 57 properties remains on schedule to be brought in-house by 31 March 2019. The wider programme is progressing well, with the call centre now live, the database established and contracts continuing to be rationalised. The Group continues to make good progress on delivering financial and operational improvements across the business and remains on track to meet its previously stated targets. * In line with industry standards, student occupancy levels of 97% and above are considered as fully let.
skinny
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