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Share Name Share Symbol Market Type Share ISIN Share Description
GCP Student Living LSE:DIGS London Ordinary Share GB00B8460Z43 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.20p +0.80% 151.20p 150.80p 151.20p 151.80p 150.00p 150.00p 436,880 16:29:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 35.8 61.1 15.9 9.5 620.79

GCP Student Living Share Discussion Threads

Showing 126 to 150 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
07/11/2018
07:16
"GCP Student, the UK's first REIT focused on student residential assets, today announces that at close of business on 30 September 2018, the unaudited estimated EPRA net asset value per ordinary share of the Company was 153.02 pence. The EPRA net asset value includes income for the period (cum-income) and does not include a provision for an accrued dividend for the quarter to 30 September 2018. The EPRA net asset value (ex-income) was 151.49 pence per ordinary share as at that date, representing a quarterly increase of 2.6%." 2.6% per qtr is a 10.8% pa increase, which looks a bit surprising!
jonwig
13/9/2018
05:37
Edison research note on FY results: Https://www.edisoninvestmentresearch.com/research/report/gcp-student-living210353/preview/
jonwig
10/9/2018
19:23
Good article in Citiwire: 'Brexit won’t bother investors in student property, says GCP' By Michelle McGagh 07 Sep, 2018 hTTp://citywire.co.uk/investment-trust-insider/news/brexit-won-t-bother-investors-in-student-property-says-gcp/a1152526
maddox
10/9/2018
06:31
Thanks jonwig. Had these since IPO, so I've been very pleased with the way they have invested and managed the money they've raised to date
spangle93
10/9/2018
06:17
Spangle - no, it won't be an open offer. It brings them to the limit for a non-preemptive share issue.
jonwig
10/9/2018
06:15
New placing to raise £55MM hTTps://www.investegate.co.uk/gcp-student-living--digs-/prn/portfolio-update-and-proposed-placing/20180910070000P69D7/ Placing available to qualified investors, but not clear whether that's all shareholder. My guess is that's you'd probably know already if you were one of them. Good news on the occupancy levels though, and with Scape Bloomsbury taking students ahead of schedule
spangle93
06/9/2018
06:42
Annual results: Https://www.investegate.co.uk/gcp-student-living--digs-/prn/annual-financial-report/20180906070000PFE32/ Still showing a small premium to NAV of 149.12p. Dividend for the year 5.95p (uncovered because of development assets). Strong hold.
jonwig
05/9/2018
08:16
Hi jonwig, Yes spot on, ironically her recent trip to India sought to undo some of the previous damage she'd done when Home Secretary. The number of Indian students coming to the UK collapsed after her appallingly unfair deportation of Indian students. In one particularly stark case they kicked out a student starting the third year of a three year BSc, having already invested heavily in the first two years. The UK's reputation for fair play will take a lot of restoration after that pointless fiasco. Twelve months ago Amber Rudd commissioned a report into the value the foreign students to the UK economy - it's due out around about now. Hopefully, the Visa restrictions will be relaxed and foreign student numbers removed from the immigration stats - this would be the sensible thing to do, but I'm not optimistic. Cheers Maddox
maddox
04/9/2018
18:43
Yes, this has been simmering away since the referendum. I think only one person has been in favour of limiting student numbers: the PM.
jonwig
04/9/2018
16:37
'Give foreign students longer visas' says Universities UK The international director of Universities UK, Vivienne Stern, has called for a new visa to be created that would allow foreign students to get work experience in the UK for two years after they've graduated. She told BBCR4 Today Programme that international students are invaluable to British education and economy. https://www.bbc.co.uk/news/education-45398634 The UK has been taking a very hard line on foreign students by not allowing them, as other counties do, to stay on for a period to gain work experience after graduating. Essentially, they are a soft target towards reducing UK immigration numbers. However, a recent The Home Office paper on “exit checks” data – a proper count of all people who are actually known to have left the UK – found 176,317 – 97.4% – of 181, 024 international students from outside the EEA left on time. This itself is probably an underestimate as others in the remaining 2.6% might have also left but via routes not subject to exit checks, such as via Northern Ireland. Foreign Students are estimated to contribute £25bn to the UK economy and play an important role in supporting the UK University Sector through the high fees they pay. Other countries more welcoming attitude towards foreign students means that they are growing their numbers far more strongly than the UK. Regards Maddox
maddox
31/5/2018
06:36
New Edison research note issued. Summary: GCP Student Living (DIGS) REIT provides exposure to the specialist purpose-built student accommodation real estate sector, with a focus on London (95% of the investment portfolio value). The sector benefits from a positive demand-supply balance and good levels of rental growth, while being much less exposed to economic-led cycles than mainstream commercial real estate. With a growing student population and competing demands for space, the supply shortage in London is particularly acute. DIGS aims for regular sustainable dividends with RPI-inflation linked characteristics and modest capital appreciation. Shareholder returns since the IPO are well ahead of the 8–10% long-term target.
jonwig
22/3/2018
10:39
Jonwig - Yes, there's an element of that in both cases I guess. Just interesting. riverman77 - operational efficiencies - yes, clearly (which as an ESP shareholders gives hope the gap will be closed). Supply/demand inbalance - well that has to manifest itself in higher rents, which is the point I made, and/or occupancy. ESP has issues with particular specific locations, hopefully being addressed, whilst DIGS claims fully let (although doesn't define that, I'd be surprised if its 100% occupancy over the period, ESP use 97% occupancy as 'fully let')
stemis
22/3/2018
10:30
Aside from the greater operational efficiencies, the key point for me is that DIGS focuses on areas where there is clear demand/supply imbalance (ie mainly London) in contrast to some towns where there seems to be a glut of new student buildings.
riverman77
22/3/2018
10:18
SteMiS - on point (2), I think there was a new unoccupied development and maybe cash drag from a funraising. Check - yes, they refer to it in a number of places. On points (1) and (3) I haven't a quick, simple answer.
jonwig
22/3/2018
10:06
Since you mention Empiric... I do follow DIGS are an interesting comparator to Empiric. I'm struck by two things initially. 1. How little DIGS spend on property operating expenses. Gross profit was 77.7% compared to 56.6% in Empiric (2019 target - 70%). It could be due to DIGS charging higher rents. They'd have to be 34% higher to close the gap between 70% and 77.7%, although I imagine individual costs are higher in London. 2. A lot of attention is paid in Empiric as to when the dividend will be covered by rental profits (i.e excluding revaluation surpluses) however I notice that DIGS dividend isn't covered by rental profits either. 3. Both seem to have similar administration costs - 20.9% of rent in DIGS and 21.8% in ESP (H2). However that seems slightly out of kilter with point 1. If rents were higher then I'd expect DIGS admin cost % to be correspondingly lower...
stemis
22/3/2018
08:47
I think there is some contagion from the issues facing the Empiric student fund. This was due to operational failings and entirely unrelated to DIGS which looks pretty solid, so I see this as a good buying opportunity, if only I had spare funds.
riverman77
22/3/2018
07:25
HY report, NAV 146.1p. Strong results. Strange to see a discount! Https://www.investegate.co.uk/gcp-student-living--digs-/prn/half-year-report/20180322070000P13A1/
jonwig
05/2/2018
06:51
"The number of foreign students applying to British universities has hit a high, despite warnings about the impact of the Brexit vote on higher education. More than 100,000 EU and overseas candidates have applied to take up places this autumn, the first official figures for the year show today. " Https://www.thetimes.co.uk/edition/news/foreign-students-apply-to-uk-in-record-numbers-3msxsff8z
jonwig
11/12/2017
12:09
Probably a more pertinent ratio is the amount they paid per room compared to the rental per room. However, the latter would be hard to get as each accommodation block has different room types with different rents. £160k a room isn't too bad. If the average weekly rent is say £230 then that is £12k for a gross yield of 7.5%. However, this is before costs. hxxps://www.scape.com/en-uk/student-accommodation/podium#rooms
trytotakeiteasy
11/12/2017
09:15
Actually, yes, they've paid a lot more than this (per bed) for some assets For example Woburn Place 420 beds for £135m (plus refurbishment costs) in March. And, as you say, quality is important for these moneyed overseas students.
jonwig
11/12/2017
08:52
jonwig - hard to say. Student accommodation has a lot of shared facilities so you are buying more than a room. You can't buy a decent studio flat in central London for less than £400k....
trytotakeiteasy
11/12/2017
07:11
New investment: https://www.investegate.co.uk/gcp-student-living--digs-/prn/new-acquisition/20171211070000PE9E0/ £160,000 per bed - London prices a bit crazy?
jonwig
23/11/2017
11:39
The latest quarterly report from GCP Student showed a good start to the year with the NAV up.....risk is probably that GCP may need to raise more equity to develop a new site at Mile End...however, they have previously raised money above NAV and so it has boosted NAV.....rental growth for current student calendar year was strong at 4.1%... https://www.investegate.co.uk/gcp-student-living--digs-/prn/dividend-declaration-and-net-asset-valuation/20171026070000PDC34/
trytotakeiteasy
23/11/2017
08:22
the mess at empiric may be hitting sentiment.however this is clearly the quality play in the sector. I retain mine as a result.
edwardt
14/11/2017
18:06
Whatever reason support broken so I'm out. I can always reenter at a later date
davr0s
Chat Pages: 6  5  4  3  2  1
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