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
  +0.00p +0.00% 142.00p 140.50p 141.00p - - - 0 06:30:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 28.6 23.5 8.1 17.6 546.79

GCP Student Living Share Discussion Threads

Showing 101 to 124 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
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
14/11/2017
16:13
Quite a few of the "safe" yield stocks are being savaged for some reason.
hiddendepths
14/11/2017
15:21
Likely a private client manager turning over a portfolio or two. When fundamentals OK just need to look through such events.
scallywagkid
14/11/2017
14:30
Hmmmm - making 1 year lows never a good sign
davr0s
14/11/2017
11:38
surprised by the drop here... the interim report was pretty good...
trytotakeiteasy
08/11/2017
07:17
FT: Amber Rudd, the home secretary, is leading a new cabinet push to remove students from the government’s immigration targets, in a move that will delight universities but put her on course for a clash with the prime minister. Theresa May is said by one minister to be in a minority of one in the cabinet in believing that students must be counted in the target, and she has been implacable in her resistance to any change in policy. But Ms Rudd believes that unless the prime minister changes her position in the coming weeks, the government will suffer a humiliating defeat early next year when the Commons considers a bill to set up a post-Brexit immigration regime. One ally of the home secretary said it was certain that there would be an attempt to amend the Immigration bill: “We’re going to have to do something about this ourselves, or we will be forced into doing it.” Only 26% of DIGS' students are from the UK.
jonwig
09/10/2017
13:42
suet - yes, UTG is a more 'exciting' stock than DIGS, with potentially bigger upside, until the sector tops out. Then DIGS will be the defensive one. For the time being, DIGS will be rather boring!
jonwig
09/10/2017
12:16
Good news from Unite this morning. Suet
suetballs
29/9/2017
15:29
In for a few today - prospects look promising. Suet
suetballs
15/9/2017
06:15
FY results look outstanding: Https://www.investegate.co.uk/gcp-student-living--digs-/prn/annual-financial-report/20170915070000PD022/ Note fully-covered dividend costing £22.1m from profits of £23.5m.
jonwig
05/7/2017
06:20
On 13 June 2017, the Company announced a placing of new ordinary shares (the "Placing Shares") targeting gross proceeds of £70 million (the "Placing") to fund the acquisition of two student residential accommodation assets (the “Target Assets”). The Company has received applications from investors substantially exceeding the target gross proceeds. As applications for Placing Shares have substantially exceeded the target, a scaling back exercise has taken place. Accordingly, the Board has resolved to accept applications in respect of 49,295,774 Placing Shares at 142.0 pence per Placing Share, raising gross proceeds of £70 million. They've also announced forward-funded development in Brighton. Cost £70m.
jonwig
19/12/2016
12:55
" Key towns near ‘saturation point’ on student homes. Study warns of demographic and visa challenges for purpose-built university halls." Https://www.ft.com/content/fdf1a7ec-c302-11e6-9bca-2b93a6856354 This won't affect DIGS and London - at least, not yet. But DIGS shouldn't venture out of the capital again. The recent placing (oversubscribed) was at 140p, against a NAV of 146.25p.
jonwig
06/10/2016
13:06
Ruddy Rudd, though I doubt that her dog whistle politics will affect DIGS one bit.
jonwig
06/10/2016
13:04
Anyone know why this is dropping?
ch27
24/7/2016
19:12
Comment in Investors Chronicle - 'There are other (real estate) sectors that really have little exposure to the referendum. One is student accommodation. Building purpose-built units for overseas students reflects the demand for decent accommodation from students coming from Hong Kong, China, and Russia, and elsewhere. Just 5 per cent come from the EU, and with the cap lifted on overseas student numbers, together with a weak pound, the attractions are there to see. Crucially, companies such as Unite (UTG), Empiric Student Property (ESP), and GCP Student Living (DIGS) have had little trouble raising funds to develop their portfolios.' hTTps://www.investorschronicle.co.uk/2016/07/22/shares/commercial-property-hotspots-GJGS4UX72tSnL3IBPvSYKN/article.html
maddox
20/5/2016
06:20
Huge demand for the company's shares continues: On 10 May 2016 the Company announced a placing of ordinary shares seeking to raise gross proceeds in excess of £50 million. Further to that announcement, the Board is pleased to announce that it has received applications from investors materially exceeding the minimum target gross proceeds. In light of the available investment opportunities in the nearer term, the Board has resolved to accept applications in respect of 44,085,232 Placing Shares at 136.10 pence per Placing Share, raising gross proceeds of £60 million for the Company. Investor demand exceeded this supply and as such a scaling back exercise has been undertaken. Http://www.investegate.co.uk/gcp-student-living-plc--digs-/prn/result-of-placing/20160520070000PC3D5/ (A property company recently managed to place shares above the current market price! PSDL, February.)
jonwig
07/4/2016
06:20
Placing programme, ordinary PIs need not apply: Http://www.investegate.co.uk/gcp-student-living-plc--digs-/prn/publication-of-circular-and-notice-of-general-m---/20160407070000P3EBA/ Their expansion is outside London, which to me dilutes the attraction of DIGS (I also hold ESP). Another operator is planning to join AIM - Birkin Student Homes - and a builder - Watkin Jones [WJG] - joined AIM last week. It's possible WJG will be the best bet in the sector in the short/medium term.
jonwig
25/1/2016
07:21
... the investment manager has identified an immediate and attractive opportunity to acquire a modern, private student residential accommodation asset located in a core UK regional city and within walking distance of the main line railway, city centre shopping and a top 10 UK university, serving c.21,000 students. It is currently envisaged that the asset will be valued at approximately £15m to £25m and would represent approximately 4% of the Company’s enlarged portfolio. The investment manager is currently conducting legal and technical due diligence on the asset. Should the Board decide to proceed with the acquisition of this asset, it is intended the acquisition will be wholly funded through an institutional placing of new ordinary shares in or around early February 2016. NAV was 125.51p at 30 June 2015 (I haven't a more recent number) less 2.81p dividends, so 122.7p. I'd expect that to be updated to around 125p at least for end-December. That gives them plenty of scope to raise funds at a premium.
jonwig
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