GCP Student Living Share Chat (DIGS)

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
	-0.50p	-0.35%	144.25p	144.25p	144.50p	144.50p	144.25p	144.50p	54,987	10:49:54

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Real Estate Investment Trusts	22.5	28.3	15.5	9.3	555.46

GCP Student Living Share Discussion Threads

Showing 76 to 98 of 100 messages

Chat Pages: 4 3 2 1

Date	Subject	Author	Discuss
05/7/2017 07:20	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	Read Full Thread Reply
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	Read Full Thread Reply
06/10/2016 14:06	Ruddy Rudd, though I doubt that her dog whistle politics will affect DIGS one bit.	jonwig	Read Full Thread Reply
06/10/2016 14:04	Anyone know why this is dropping?	ch27	Read Full Thread Reply
24/7/2016 20:12	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	Read Full Thread Reply
20/5/2016 07:20	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	Read Full Thread Reply
07/4/2016 07:20	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	Read Full Thread Reply
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	Read Full Thread Reply
02/12/2015 07:00	Foreign students could be excluded from official migration figures, George Osborne has indicated, in a move that would see the total number of declared migrants in the UK fall but could lead to claims that the Government is attempting to massage the statistics. HTttp://www.telegraph.co.uk/news/uknews/immigration/12028078/Osborne-indicates-students-may-be-stripped-from-migrant-numbers.html Important, because resticting foreign student numbers is the easiest way for a government to get the raw figures down if it desperately needs to. This move could, of course, lead to a significant increase in foreign student numbers.	jonwig	Read Full Thread Reply
03/11/2015 11:05	looked at it - too risky for me. equity tranche on the debt not big enough protection for when the loans go wrong. lending monies to construction is never a good idea in my mind...	edwardt	Read Full Thread Reply
28/10/2015 15:39	Thanks j, I would set up a thread myself but you will do it better than me!	mad foetus	Read Full Thread Reply
28/10/2015 15:31	Thanks; so this is "Project Finance Investments" currently 100-103? Will look (later or tomorrow) with view to starting a thread. Buy or not. I must admit to missing it completely - mea culpa.	jonwig	Read Full Thread Reply
28/10/2015 14:15	chaps - not relevant to this thread but there is a new company on the block that you might be interested in - PROJ. Project financing from the team that brought GCP and DIGS to market. I am kicking myself for missing out on DIGS (I could/should have got in at IPO) and can't bring myself to buy at the current premium.	mad foetus	Read Full Thread Reply
27/10/2015 14:11	Agreed - I should have said that I hold a load of these, and wanted a few ESP to play at a smaller premium. EDIT: just seen conversion ratio for C shares.: 0.781044 ordinary shares for every C share, wef tomorrow.	jonwig	Read Full Thread Reply
27/10/2015 13:38	good luck with that - will stick with this one - prefer the quality of the assets,	edwardt	Read Full Thread Reply
26/10/2015 15:07	You can say that again! Looking at the premium here, I applied for a few ESP, which was oversubscribed and scaled back; the premium is a lot more modest. ESP has lots of acquisitions to absorb and management will need to be on their toes, but if they make a success of their new properties, they could go to a decent premium as well.	jonwig	Read Full Thread Reply
26/10/2015 14:39	well market only now catching up with how strong nav was- happy days.	edwardt	Read Full Thread Reply
26/10/2015 14:39	well market only now catching up with how strong nav was- happy days.	edwardt	Read Full Thread Reply
24/10/2015 06:20	£177.2m at 30/06. But not like-for-like, as three acquisitions during September. Wait until January for a clearer picture, when the C shares are merged.	jonwig	Read Full Thread Reply
23/10/2015 16:36	RNS today. Portfolio valuation at £396.3m. What was it last time and when was it last valued, anyone?	eggbaconandbubble	Read Full Thread Reply
16/10/2015 16:43	Depends - they're in London ... A quick look at the latest figures to Dec 2014 shows rental income of £11.2m (annualised from H1) and property assets of £161m. So the current rental yield is just short of 7%, suggesting property undervaluation if anything! £216,000 per room yielding 7% each would be £15,000 pa running rent so £300 pw (they pay for 51 weeks, I think) - not unreasonable, and they get lots of add-ons. So it's valuation of room plus concierge services. The FY accounts must be due (in Sept last year), worth a further look.	jonwig	Read Full Thread Reply
16/10/2015 15:58	yesterday's rns says that GCP has 5 buildings which comprise a total of 1800 bedrooms and have a gross asset value of £390 million. By my arithmetic that's £216,000 per bedroom. That seems a pretty high valuation per room. Does it look high to other people?	tournesol	Read Full Thread Reply
03/10/2015 12:18	Actually there is a lot of nonsense talked about deluxe accommodation. My son spent a couple of months in a Nido student block in central London last year whilst doing an internship. Nidois often described as super deluxe - I thought it was much less comfortable/attractive than halls of residence in the 1960's and 70's when I used them.	tournesol	Read Full Thread Reply

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