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Share Name Share Symbol Market Type Share ISIN Share Description
Gcp Student Living Plc 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
  -0.80 -0.56% 143.00 142.40 143.00 144.00 141.00 141.00 835,013 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 47.8 48.6 11.2 12.8 651

Gcp Student Living Share Discussion Threads

Showing 1 to 24 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
14/5/2014
07:47
Worth looking out for a new REIT, Empiric Student Housing, IPO in June: Http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/10828101/Student-housing-REIT-to-raise-110m-in-IPO.html Similar size to DIGS, properties outside London, and: ...targeting a 13pc total shareholder return, once fully invested, which includes a 6pc dividend yield and a 7pc growth in net asset value per year.
jonwig
28/4/2014
16:53
Quite right - I was thinking that one company (VOD?) changed the dividend payment milestones when it overlapped with a corporate action.
spangle93
28/4/2014
16:38
They are xd on 7 May, so the new shares won't be eligible - as one would expect - after all, they haven't earned it!
jonwig
28/4/2014
14:26
True current price is around 106p Does this get in the way of the announced dividend declaration, or will that proceed as previously announced
spangle93
28/4/2014
14:07
So it's 1 for 2 as suggested, but at 105.5p. I assume they are confident of getting it away. Decision date 16/05 but nominee brokers will want it before then.
jonwig
23/4/2014
16:51
Thanks WirralOwl. That does look to be of interest in principle, but you have to take a lot on trust, as there doesn't seem to be a thread for GULF, or any news for that matter. How do we tell what they've invested in - they are supposed to be fully invested in 4-6 months of launch? First divi not til November though - and no advice on ex-div date. The introduction video is very high level, and the only thing that would make the guy scarier would be if he were stroking a white cat on his lap. www.gcpuk.com/site/gcpu/templates/generalsection.aspx?pageid=199&cc=gb But it does look as though the premium is consistent.
spangle93
23/4/2014
08:17
Don't know about a posse, Spangle, but there is at least one more..! :-) Thanks for your input jonwig, as always. I also like the look of another GCP fund, GCP Sovereign Infrastructure (GULF) which is investing in infrastructure in the Gulf States and aims to offer a dividend of the highest of 7% or Libor plus 6.5%, reset every 3 months, but again it seems to be trading at quite a premium to NAV at the moment.
wirralowl
23/4/2014
06:24
Thanks jonwig - I probably got my words wrong, but the key thing you outlined is that existing holders would have a chance to purchase shares at the offer price. To be honest, the latter course appears lower risk, but if there is a posse like me around, maybe the share price will never actually touch the issue price!
spangle93
23/4/2014
05:56
Hi Spangle. Judging by some recent issues in the infrastructure space (so not propcos) and the current premium, I suggested about 104p in a recent post. I'm sure they've sounded out key shareholders already! 1 for 2 wouldn't raise the amount wanted though. Not so much a rights issue as an open offer - ie. you take the offer or lose it. A few institutions would be on hand to hoover up the surplus. This method is a lot cheaper for them than a rights issue, and you don't have nil-paid shares which you can sell in the market. If you're wary maybe wait until after the ex-entitlement date or even after the new shares are allocated, when you should get a lower price.
jonwig
22/4/2014
20:23
Hey jonwig. I had a look at these over the long weekend, and I was thinking of dipping a toe in, but like WirralOwl, the elephant in the corner is the stated intent of a fund raising. Since this will be "at a premium to the prevailing net asset value of the Company", I guess it could be as low as 101.6 if I understand today's RNS correctly, which would wipe out a year's growth. Can you offer an opinion - when they state "Any such equity raise would be...on a pre-emptive basis to shareholders on the Company's register as at the record date." is that a posh way of saying "rights issue"?
spangle93
22/4/2014
11:41
Might look to get into these if the fund raising brings the share price down closer to NAV, as like the area they're in here.
wirralowl
22/4/2014
11:34
Target raise of £42m gross. "Details shortly".
jonwig
14/3/2014
11:29
Possible equity raise on a pre-emptive basis of £30m - £43m at a premium to NAV. Currently 70m shares in issue with a NAV of 100.29p. The issue price won't be as high as 107.5p, and the share price is quite capable of falling on this news, to say 104p. I'd guess 1 for 2 at 104p on a use it or lose it open offer basis.
jonwig
06/12/2013
11:50
Potentially unlimited expansion of student numbers in England, announced in yesterday's Autumn Statement. Plenty will come from abroad (willing to pay more rent), and DIGS has acquired a second asset with more to come. Dividend target 5.5p, with indexing. The trades today @ 106.4p are buys.
jonwig
18/9/2013
10:21
Positive article: hTTp://www.i_i_i.co.uk/articles/115783/student-buy-let-market-stable-investment ... but it confuses DIGS with GCP (the infrastructure fund). (To use the link, close the spaces in i_i_i)
jonwig
11/7/2013
09:19
Smithie - you are right to draw attention to the potential conflict of interest, as I did in post #3. Since the company is a REIT, it will be difficult to manipulate the accounts in the way you suggest, though not impossible. Investors will need to monitor how costs progress after the first two years. In all, a dividend yield of 3% linked to RPI is quite attractive. If voids increase or aren't over 10%, part of your concern will be addressed. And capital values in London have been pretty resilient.
jonwig
11/7/2013
09:04
ADVFN is running an accouncement offerring up to 60% return by investing in film production. lesson ? dont believe everything you read !
smithie6
11/7/2013
09:02
oh and I forgot to mention the debt... looks like at least 20M so interest costs have to be paid... London is not a good area to get a good yield imo.... property and land prices are very high relative to the income that can be achieved imo and if those prices fall in future years...then a capital loss would occur....in addition to perhaps not receiving hardly any divi
smithie6
11/7/2013
08:54
"It is expected to generate a rental yield of 5.5 per cent, with rents - which drive dividends and property values - rising roughly in line with RPI inflation. The cosy relationship between GCP Student Living and Scape Living is a potential concern." That is enough information to keep me well away !! ---- Here is why. (property company shares can often be scams.....a manager does a float...and organises that he is on high yearly costs.....and if possible controls the bod so that no one will change his high yearly costs !!..... with a rental yield of 5.5.....then after you pay for maintanence, rubbish tax, night security man.....and the high costs of property division manager.... and auditor, bod, bod expenses, listing costs.... perhaps shareholders will get....1% return ?...0 ? the above is exactly what has happened at PHU and the prospectus promised a share YIELD for first 2 years of 3-5% it was paid....then...nothing !! and share price has crashed....since the manager soaks up all the rental money !!...none builds up in co. accounts or into shareholder accounts and the manager who organised the whole thing...Mark Sheppard...who owns/controls Midas ..the property manager has now put a large % of the co. in his pocket and talk of de/listing..... MS and Midas look set to keep getting the income as manager...for ever !! and have picked up assets very cheap.....cause no one else wants them !....not if you will never get any income !!
smithie6
21/5/2013
10:47
jonwig The connection is to be seen in the link I gave: http://www.gcpuk.com/gcp-student-living-plc/gcp-student-living-plc 5.5% and rising return is not to be sniffed at these days.
mirandaj
21/5/2013
10:00
IC article from April: http://www.investorschronicle.co.uk/2013/04/11/shares/news-and-analysis/listed-student-accommodation-fund-scores-a-m3KYo3vRQSlJn86i4LLuQI/article.html Probably subscriber-only, but three key points: It is expected to generate a rental yield of 5.5 per cent, with rents - which drive dividends and property values - rising roughly in line with RPI inflation. The cosy relationship between GCP Student Living and Scape Living is a potential concern. Shareholders need to monitor the market and management closely, but GCP Student Living, nonetheless, looks like an attractive pure play on a sector that offers a compelling mixture of income and inflation protection. Not a buyer ... maybe future.
jonwig
21/5/2013
09:50
Will post a more signifcant message soon, but the ticker is fantastic.
khutchins1234
21/5/2013
09:47
Picked up by The Daily Mail this morning: From Geoff Foster's Market Report: "Placed at £1 by Cenkos Securities, GCP Student living got off to a firm start. Shares in the first student accommodation REIT in the UK was supported up to £1.045 before closing at £1.0375. The company invests in modern, purpose-built private student rental accommodation and teaching facilities in prime London locations. Its initial asset will be Scape East, a fully occupied, 588 studio bedroom facility in East London"
mirandaj
21/5/2013
09:45
What a superb ticker - DIGS for this particular company! GCP Student Living plc. All the information is on the links following really but if you are interested in a 5% plus return going to 8% to 10% eventually it might be worth a look. Their PR machine will probably be at work but I doubt that many would have heard about this already. It is not 'blue sky' but is an interesting closed-ended investment company. They had hoped to raise £50 million but it was over subscribed at £70 million which can only be a good thing. This part is from the prospectus: "The Company, a newly established closed-ended investment company incorporated in England and Wales which intends to carry on business as a REIT, is proposing to raise in excess of £50 million, before expenses, through a placing and offer for subscription of in excess of 50 million Shares at a price of £1.00 per Share (the "Issue Price") (the "Issue"). The Specialist Fund Market is an EU regulated market. Investment objective The Company's investment objective is to provide Shareholders with regular, sustainable, long-term dividends coupled with the potential for modest capital appreciation over the long term and RPI inflation-linked income characteristics. Summary investment policy The Company intends to meet its investment objective through owning, leasing and licensing student residential accommodation and teaching facilities to a diversified portfolio of direct let tenants and Higher Education Institutions ("HEIs"). The Company will invest in modern, mostly purpose built, private student residential accommodation and teaching facilities located primarily in and around London where the Investment Manager believes the Company is likely to benefit from supply and demand imbalances for student residential accommodation" A brochure here for information: http://www.gcpuk.com/sites/default/files/gcp_student_living_ipo_flyer.pdf Useful web site links: http://www.gcpuk.com/gcp-student-living-plc/gcp-student-living-plc http://www.scapeliving.com/home All recent announcements: http://www.investegate.co.uk/Index.aspx?searchtype=3&words=DIGS
mirandaj
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