Gcp Student Living Share Discussion Threads

[suetballs] 08/9/2021 14:13

Record numbers of UK students heading for uni - per the BBC. OK overseas students sharply down but overall numbers only slightly down. imo the insiders here have got this on the cheap - bloody frustrating. Suet

[jonwig] 12/8/2021 06:50

The scheme of arrangement seems to be the method of choice when directors recommend accepting a bid. It was used in the Morrisons takeover. It still needs a GM and a vote, so in practice, we investors won't see much difference from any other procedure. The bid seems to be assured, given the share price and lack of dissent. (But weren't we promised a property revaluation?)

[friars3] 11/8/2021 23:53

Any one with comments on last rn

[suetballs] 09/8/2021 09:37

Moved on this am - shame I liked this company. Increased my holding in sn. which is currently in the doldrums! Suet

[suetballs] 26/7/2021 11:17

I currently can't see another bidder popping up and am tempted to move on. However there so many good shares to choose from - decisions decisions! Suet

[friars3] 22/7/2021 17:13

Is student living been sold

[adamb1978] 18/7/2021 21:54

Share price suggests that

[suetballs] 18/7/2021 19:59

Hopefully we can attract another bidder. Suet

[adamb1978] 18/7/2021 15:45

Apologies, spreadsheet error! It's still not generous valued though...

[edwardt] 16/7/2021 20:47

Not sure it does...

[adamb1978] 16/7/2021 15:13

Does anyone have views on why ESP trades at only just over 0.5x NAV?

[matt123d] 16/7/2021 14:06

Added to ESP

[adamb1978] 16/7/2021 14:01

Notable that there arent any irrevocables beyond the directors, which keeps the door firmly open for other parties. Would be a nice 50% profit in 8 months for me, but would prefer to hold. There aren't any other listed alternatives for investing in this class of assets are there? I own a few others in my SIPP, such as BBOX, 3IN etc, but I liked DIGS given it was a different type of asset underpinning it. Thanks

[donald pond] 16/7/2021 14:00

Happy days

[adamb1978] 16/7/2021 13:59

213p offer

[jonwig] 11/7/2021 06:55

Not an isolated bid, but part of a bigger trend? The world’s biggest commercial property landlord is shuffling its $378bn real estate deck. Two moves by Blackstone — the sale of BNY Mellon’s London office in St Paul’s to Italian insurer Generali for £465m, sealed this week according to people familiar with the deal, and an approach to buy student housing operator GCP Student Living — are a sign of how landlords are repositioning their portfolios as the pandemic accelerates structural trends. Covid-19 has hastened the decline of two key commercial property sectors — retail and offices — and prompted landlords to pile into alternatives they believe will fare better. Top of their shopping list are: warehouses, supported by the ecommerce boom; rental flats and student housing, made attractive by home shortages and growing student populations across Europe; and life sciences campuses, buoyed by huge investment in research and development. “These are megatrends which have . . . been accelerated by the pandemic,” said James Seppala, head of real estate in Europe at Blackstone. FT.

[donald pond] 09/7/2021 11:05

There does seem to be an imbalance of information here. Scape know the projects inside out, Gravis say the NAV is going to have a material uplift...would be helpful if us investors understood the valuation better and what is driving the uplift

[suetballs] 09/7/2021 10:35

Inching towards £2 - bid next week? Suet

[riverman77] 05/7/2021 12:32

The key point about this is the properties are almost all based in London where supply is obviously severely constrained, but big demand due to so many top universities and draw of the capital for foreign students. Very attractive assets in other words which should attract healthy premium.

[riverman77] 05/7/2021 11:48

You'd expect a decent premium over nav to make this a credible offer - I'd say 210-220p would be the bare minimum, with 230-240p closer to fair value. Remember it was trading over 200p before covid so can't possibly see this going for less than that.

[donald pond] 05/7/2021 09:49

Last NAV was up 4% to 179 and we've been told next will be a material increase so I'd suggest the same again as a minimum. In other words, this is probably still trading below NAV

[suetballs] 05/7/2021 09:36

Even at £2 this has to be inexpensive? Bags of potential as students will still want to study in London post covid. Suet

[jonwig] 02/7/2021 20:19

Scape Living, part of the consortium, is of course the property manager here. It's unclear to me whether Gravis (the investment manager) and the board were aware of this development.

[donald pond] 02/7/2021 19:56

Well, I'd be happy with a swift rerating that's for sure!

[suetballs] 02/7/2021 17:36

However some good news in the announcement - Board is anticipating a material increase in its property valuation for the period to 30th June 2021. I'll be watching the weekend press with interest. Suet