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 Shares Traded Last Trade
  0.00 0.0% 86.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
86.20 86.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 59.44 -23.97 -3.97 521
Last Trade Time Trade Type Trade Size Trade Price Currency
18:12:37 O 2,150 86.421 GBX

Empiric Student Property (ESP) Latest News (1)

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Date Time Title Posts
20/6/201810:18Relaxing Visa Rules for students -
26/4/201208:16Economics, Sentiment & Price2,939
11/9/200815:35Trading from Spain11

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Empiric Student Property Daily Update: Empiric Student Property Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker ESP. The last closing price for Empiric Student Property was 86.50p.
Empiric Student Property Plc has a 4 week average price of 84.40p and a 12 week average price of 79.90p.
The 1 year high share price is 92p while the 1 year low share price is currently 51.90p.
There are currently 602,887,740 shares in issue and the average daily traded volume is 992,112 shares. The market capitalisation of Empiric Student Property Plc is £521,497,895.10.
stevegrass777: Update is OK, obviously bookings will accelerate as the lock down starts to lift, and I suppose the vaccine rollout to the younger ones will help bookings. Sale of Exeter (don't know what it was on the books at) but residential property does seem to be going up fast certainly where I live it is, ESP properties seem like they would convert into residential rather easily. All in all esp are making progress on recovery and that is good to see. Hopefully more progress on bookings in the next update/later on in the year.
stevegrass777: Yes emperic properties look very posh on the hello student website I'm sure they're not cheap. Also I feel emperic properties would convert into residential rather easily if demand didn't improve. It's a shame the article didn't go into nav and even loan to value etc. Maybe short term they are right to favour Unite, but esp is cheaper and if you look a little further ahead I'm sure will close the gap on NAV. So maybe a little more risk of plenty more reward in my opinion.
makinbuks: You are quite right, and its no different in the magazine. share price 1020p, IFRS NAV 809p is a premium of 20%! I did have a very quick look at Unite earlier in the week, just wondering if the time was right to buy in but quickly concluded they were overpriced and I would be better adding to my ESP position. They are in very different markets. Several of my children have been in Unite accommodation and I'm far too Scottish to pay for ESP!
stevegrass777: Looking at IC tonight (on the app) and they are comparing Unite to ESP and it has Unite at a 26% discount to nav yet the figures suggest a 26% premium to NAV for unite. And ESP obviously has a big discount to NAV, they favour Unite but fail to mention NAV and on the app it seems wrong. Hopefully the printed version will be correct.
stevegrass777: Exactly esp will eventually trade at NAV and those who picked shares up at this level and bellow should be rewarded. Great defencive industry usually and should revert to that once things settle down.
makinbuks: Yes, FY21 is a write off of course, but my hope is that we see a full restart from September and therefore in 2022 the share price goes to around £1 and we see the dividend restarted at 3 or 4p. Surprised (pleasantly) they sold properties in Portsmouth, good news that all bookings are now managed in house
stevegrass777: The results don't look bad considering what a bad year the whole industry has had, ESP have held up the business rather well and should do very well once restrictions are lifted. Students still want a go to university and online is a very mediocre experience. So I'm expecting things to get back to normal as soon as they can.
okosling: Unite results out this morning. Outlook statements very positive, referring to the increase in UCAS application numbers as mentioned by Maddox in post #1095. Also positive demographics: "The outlook for student numbers remains strong. Demographic growth is significant over the next decade, with the 18-year-old population returning to 2010's height by 2024 and continuing to grow strongly thereafter. This would imply demand for around 220,000 additional UK undergraduate places by 2030 at current participation rates." Also comments on UK government policy: "The UK Government's international education strategy is targeting growth in international student numbers to at least 600,000 by 2030, representing at least an additional 80,000 international students. In September 2019, the Government announced a new two-year post-study work visa for international students (three years for postgraduates), starting from the 2020/21 academic year. The change has already aided the UK's international competitiveness in the Higher Education sector, leading to significant growth in demand from China and India over the past two years. The Government is actively seeking to broaden the demand pool from international markets with opportunities for the UK to increase its market share of student arrivals from Africa and Asian countries, outside of China." It clearly bodes well for Empiric also, hence this morning's share price increase.
maddox: Hi Guys, For FY2019 to 31 Dec 2019 the proportions for ESP were: 55% Undergrads 34% Masters/Post Grad 11% Others and 34% UK 9% EU 57% Non-EU So, as you say, ESP position themselves as 'prime' student accommodation = more expensive - hence the mix. Regards, Maddox
rambutan2: Bit more: From proactive... Unite Group PLC (LON:UTG) was upgraded to add from hold by Peel Hunt over increased expectations that university students will go back to school for the 2020/21 academic year. The broker also initiated coverage for GCP Student Living PLC (LON:DIGS) and Empiric Student Property PLC (LON:ESP) with hold and buy recommendations, respectively. Analysts said that fears of remote teaching, a dearth of overseas students and widespread uncertainty now look “misplacedR21; as 97% of universities are planning to provide in-person teaching come the autumn. “Of course, a lot can happen between now and September, and offers of places and accommodation reservations are not confirmation of bums on seats, but we are cautiously optimistic that it might be more business as usual than initially feared,” the broker commented. The target price for Unite, which remains the market leader, was bumped up to 1,000p from 900p. Target prices for GCP and Empiric were set at 130p and 75p respectively. “Strategies (and fortunes) have differed over their public lives, with growing pains affecting performance at Empiric. GCP, on the other hand, has delivered double-digit accounting returns through its externally managed structure,” analysts noted. “Over the past few years Empiric has worked hard to address shortcomings and create a proprietary platform and brand – we think this is an important evolution.” Shares in Unite and GCP dipped 1% to 922p and 122.4p respectively, while Empiric rose 1% to 59.1p on Tuesday morning.
Empiric Student Property share price data is direct from the London Stock Exchange
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