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
  -1.40 -1.46% 94.20 93.80 94.40 95.20 93.80 95.00 728,922 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 64.2 40.3 6.7 14.1 568

Empiric Student Property Share Discussion Threads

Showing 3926 to 3949 of 4000 messages
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DateSubjectAuthorDiscuss
20/3/2019
08:21
Looks ok to me,making progress on all areas of concern,bringing facilities management in house seems to be bringing costs down. Looking in much better shape.
stevegrass777
20/3/2019
07:36
Everything remains on track here, good progress being made across all metrics, i would expect the share price discount to NAV to close further this year.
rimau1
20/3/2019
07:35
106p NAV, continuing to be fairly solid after previous missteps: "Tim Attlee, Chief Executive Officer of Empiric Student Property plc, commented: "We expect 2019 to be a year of further significant progress. We have taken swift action to maximise revenue for the remainder of this academic year and bookings for the 2019/20 academic year are progressing well. The benefits of the operational improvements we have made will continue to come through in 2019 and we are taking action to drive additional efficiencies. In 2019, we are targeting a gross margin of 67% and a dividend of 5p per share(1) , which we expect to be around 85% covered on an adjusted basis. While there are economic and political uncertainties, particularly regarding Brexit, we are yet to see any material adverse consequences. We have a quality portfolio of assets, which coupled with the improvements in our operations, gives us confidence in the outlook for the business."
spectoacc
01/3/2019
07:34
Board Changes.
skinny
22/2/2019
07:13
The Board of Empiric Student Property plc (ticker: ESP) (the "Board"), the owner and operator of premium student accommodation across the UK, will announce its full year results for the year ended 31 December 2018 on Wednesday, 20 March 2019.
skinny
20/2/2019
08:09
DIVIDEND DECLARATION. The board of Empiric Student Property plc (ticker: ESP) (the "Board"), 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 December 2018, payable on 22 March 2019 to all Ordinary Shareholders on the register on 1 March 2019. The ex-dividend date will be 28 February 2019. 0.04 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 1.21 pence will be paid as an Ordinary UK dividend ("non-PID"). The Board is targeting an aggregate dividend of 5.0 pence per share for the year to 31 December 2019.1 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
14/2/2019
16:56
One of the important things I will be looking out for is their expectation for div cover in 2019. We will hear about this when the results are announced soon. They appear to be broadly on target for 2018 according to this morning’s news. But full cover for 2019 would bring the share price to closer to NAV, which should be around 113p end of 2019. If we add 5p dividend to this then there could be as much as 23p or so total return. But hiccups are likely to be punished given the rise the past year. Nice rise - about 25% total return. Frankly, once one got comfortable with the scale and reasons for the 2017 setbacks, it’s been a fairly easy ride so far. One which Numis appears to have had nothing to say about. Odd.
chucko1
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
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