Gcp Student Living Share Discussion Threads

[jonwig] 01/10/2020 07:41

They may just be replacing Stifel, though it's unclear. No placing anytime soon: shares are at a discount to NAV.

[spangle93] 01/10/2020 07:23

Appointment Of Corporate Broker GCP Student, the UK's first REIT focused on student residential assets, is pleased to announce the appointment of Jefferies International Limited as financial adviser and corporate broker to the Company, with immediate effect. Does this always equate to "placing is a'coming" or is it just a 90% correlation

[maddox] 20/9/2020 07:15

The whole process has been delayed this year, so let's hope that there is a late rush.

[spangle93] 20/9/2020 06:48

That's the disconnect, Jonwig. With universities struggling to find space on courses for all those that achieved creditable marks, I can't understand why halls of residence are equally not as overwhelmed.

[jonwig] 20/9/2020 06:08

On 4 Sept 2019 they said "post year end the Company's operational portfolio achieved full occupancy with respect to the 2019/20 academic year, ..." On 6 Sept 2018 they said "with the portfolio fully occupied ... for the 2017/18 academic year." The question is whether the share price discounts a weak 2020-21. And there was speculative development of surplus capacity which could be blown away. PS. Big increase in domestic student numbers after "odd" A-level season, maybe? Could therefore reach capacity by discounting rents?

[maddox] 19/9/2020 09:07

The RNS states: 'At the date of the report, 68% of rooms across the Group's portfolio of student accommodation have been booked for the 2020/21 academic year.' I assume that the date is 16 Sept 2020, which is the date the Board signed-off the report for publication. In which case I'm surprised that bookings are so low as 68% - Clearing has all but finished and course places allocated by now. Thoughts?

[spangle93] 17/9/2020 14:01

The historic data read well to me - it's the Outlook that is still a little misty. By now they'd usually have more than 68% of rooms booked for the coming year, right? It starts in 2 weeks.

[jonwig] 17/9/2020 14:00

I'm moderately encouraged by these numbers. The spike over 200p now looks anomalous, though I admit to not thinking that at the time! But still some uncertainty on future occupancy.

[rambutan2] 17/9/2020 13:54

Finals out: HIGHLIGHTS(1) -- Total shareholder return(2) of -20.6% for the period. Annualised total shareholder return since IPO(2) of 7.4%, compared to the Company's target return of 8-10%. -- NAV total return(2) of 12.9% since IPO and 7.6% for the year. -- Dividends of 6.15 pence per share paid in respect of the year. -- EPRA NAV(2) per share (cum-income) of 171.78 pence and EPRA NAV per share (ex--income) of 170.36 pence at 30 June 2020. -- Total rental income for the year of GBP47.8 million (30 June 2019: GBP44.4 million). -- Gross proceeds of approximately GBP77 million raised through a substantially oversubscribed placing of new ordinary shares. -- Inclusion in the FTSE 250 Index from 18 September 2019. -- High-quality portfolio of eleven assets with 4,116 beds located primarily in and around London, with a valuation of GBP1.0 billion(3) at 30 June 2020. -- Prior to Covid-19, the portfolio was fully occupied and achieved rental growth of 4.4% for the 2019/20 academic year. -- Blended NIY(2) of operational portfolio of 4.44% (30 June 2019:4.45%). -- At the date of the report, 68% of rooms across the Group's portfolio of student accommodation have been booked for the 2020/21 academic year. htTps://www.graviscapital.com/funds/gcp-student/literature

[jonwig] 27/8/2020 06:14

Reduction in management fees and terms: https://www.investegate.co.uk/gcp-student-living--digs-/rns/amendment-to-management-arrangements/202008270700062655X/ But is it as good as it looks? (Property management fees transferred to company.) NAV is well below threshold for fee reduction.

[jonwig] 26/8/2020 10:24

The signs point to a surplus of UK students in the next academic year, thanks to grade inflation and HMG funding more places. At least they'll absorb any shortage of international students. Maybe room rental rates will fall, but 140p compensates amply.

[suetballs] 26/8/2020 10:19

Looking better here. Could the worst be over? Suet

[maddox] 19/8/2020 09:49

Agreed. I've never really understood the time-pressured exams - where it's impossible to finish the paper or revise an answer. This competitive stress inducing aspect is unlikely to get the best out of a student?

[apollocreed1] 18/8/2020 16:24

The schools should have conducted online open-book exams. Being able to look up information when asked a question is also a skill.

[maddox] 18/8/2020 12:08

The upside is that they have removed the cap on student numbers and there is excess applicants for university courses. The Unis are now complaining that they cannot 'accommodate' all their applicants.

[suetballs] 18/8/2020 09:02

Totally agree Maddox. Suet

[suetballs] 14/8/2020 19:18

Well the A level results are out - and what a mess. The government was in a no win position and was bound to get aggro. Clearing will be busy and hopefully so will digs. Suet

[its the oxman] 31/7/2020 14:28

Seems out of favour for now. Lower occupancy hence current share price, but hardly a disaster and normality and hopefully a much higher share will return. London exposure for longer term appreciation has to help as well.

[suetballs] 31/7/2020 13:03

Nice to see the share price on the up. Suet

[suetballs] 31/7/2020 08:02

News as expected I suppose - but a dividend in September. A vaccine is urgently needed but we know how difficult they are to manufacture. Suet

[jonwig] 28/7/2020 15:46

1 August seems to be a key date for NAV, dividend and portfolio update. So maybe Friday or Monday?

[edwardt] 28/7/2020 15:37

when do we know occupancy levels for new academic year?

[suetballs] 19/7/2020 22:23

Not a lot going for the digs share price atm. Suet