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
  -0.10 -0.14% 72.30 720,247 16:35:05
Bid Price Offer Price High Price Low Price Open Price
72.00 72.30 73.10 71.70 71.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 70.91 54.77 9.08 8.0 436
Last Trade Time Trade Type Trade Size Trade Price Currency
17:55:23 O 4,560 72.293 GBX

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Date Time Title Posts
20/6/201809:18Relaxing Visa Rules for students -
26/4/201207:16Economics, Sentiment & Price2,939
11/9/200814:35Trading 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 72.40p.
Empiric Student Property Plc has a 4 week average price of 68p and a 12 week average price of 68p.
The 1 year high share price is 97.70p while the 1 year low share price is currently 50.30p.
There are currently 602,887,740 shares in issue and the average daily traded volume is 1,290,245 shares. The market capitalisation of Empiric Student Property Plc is £435,887,836.02.
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
stevegrass777: Just as most were expecting, no great performance here, but once things are a bit more normal, I'm sure esp will be back to giving decent dividends and steady progress.
rik shaw: Update htTps://
stevegrass777: Im happy the dividend isn't back yet,esp needs to hold on to the dividend to keep the company going until the coronavirus risk dwindles. Don't forget that ESP are bound by REIT rules and will have to reinstate the dividend to satisfy these rules at some point. But at the moment its no use giving the money away until we know what the full effect of Covid is,I can see this being revisited once an effecteve treatment or vaccine is produced.
okosling: Further to my earlier note, the recent results presentation shows that the property valuation assumed a 50% reduction in rental income for the first 9 months of academic year 2020/21, which made a £42m capital deduction. The news of the last few days makes it clear that this is far too pessimistic, so it is likely that a chunk of that write-down will be reversed at the next half-yearly valuation. One more interesting slide in that presentation: gross PBSA student bed ratio is 3:1 (meaning 3 students for every available bed in Purpose Built Student Accommodation). Excluding first year students and the beds they occupy, the ratio is 15:1. So first year students must represent a very high proportion of PBSA residents, and there will be record numbers of first year students this year, plus more than usual next year, as numbers will be increased by those who have deferred from this year. I have bought an additional 8000 @ 64.2p today. A lot of uncertainty & risk has gone away, compared with a month ago, but the share price has not responded to this at all. Price range over the last 5 weeks is 62-69p.
rambutan2: And the inevitable happened, and quite rightly so: htTps:// Can't be bad news for ESP, although no immediate share price reaction.
chucko1: I think there is an issue not so much with ESP management, but the various noises we constantly hear about education. Are schools to restart in June, September, or every school etc. etc. How safe is it - where is the proof? Will students want to go to university? A poll said 50% were nervous. Unions acting like unions, something the pathetic Education Secretary ought to have handled more forcefully. All noises off, and to be traded against. ESP will be back to a decent place in a couple of years with the current management. Along the way, some road bumps corresponding to excited news flow. But worth remembering the pretty stable NAV most recently published at about 106p. And this year, I see little prospect of any rent forgiveness since the reaction functions of universities will be far less rushed. As will everyone's. A dividend restatement will focus minds more positively, over and above the pure value of the dividend. IMO.
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.
its the oxman: Hoping this can recover a bit, if unite can get to 90% occupancy perhaps empiric can get to 70-80%. Who knows , but the fact this year will be down is a given, hence the current share price. What bodes well is the fundamental value of the portfolio and the likelihood occupancy will eventually return to the 90% plus level. Not sure whether esp could also be a takeover target for unite. Just don't know how long we will have to wait for any of this value to be realised. So many questions and no answers.
joepublic1: I think lenders will relax covenants if necessary anyway. It is being done in plenty of other cases. Lenders recognise the virus crisis won’t lasr forever. I am slightly surprised that ESP havn’t already negotiated time obeyance on their covenants - I think it might help the share price if they did. Perhaps they feel they don’t need to and it sends a signal of weakness. However there is a lot of weakness already in the price. I hold some on the basis of thinking 5 years out there will be more students than ever, foreign students will be fully back and rising year-on-year. So today’s price cannot be right in 5 years time. I find it difficult to see how they can go bust in the meantime.
Empiric Student Property share price data is direct from the London Stock Exchange
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