Gcp Student Living Share Discussion Threads

[suetballs] 22/1/2021 13:23

Further to my post above digs have today sensibly announced further rental concessions. Well done.
Suet

[suetballs] 11/1/2021 10:58

Just noted that Unite have given students a 50% rent deduction for 4 weeks.
Very sensible decision. Hope we do something similar here.
wkp have also done something similar with their tenants.
Sharing short term pain will certainly boost long term gains.
Suet

[donald pond] 17/11/2020 14:06

Stifel issue another buy note on back of that news

[suetballs] 17/11/2020 12:54

£1.9m of arrears to be settled.
Must have sent the heavies round!
Well done.
Suet

[discodave45] 17/11/2020 12:18

HiThink the rise at WJG may have been due, in part, to Paul Scott (Stocko) mentioning that he had bought some. He listed his recent purchases and most went up (coincidence?).

[donald pond] 17/11/2020 07:25

WJG did very well yesterday but I agree, DIGS looks better value to me. Though they aren't exactly alike. But I know the management of DIGS and they are first class, so I am sure this will pay solid get back to a premium rating as life returns to normal.

[babycheeky] 14/11/2020 22:00

Up to your old tricks dave.

Pretending you know what you are talking about.

[discodave45] 14/11/2020 21:35

Was looking at Watkin Jones (WJG) but thanks to donald and daves last podcast I prefer DIGS (thanks Donald).WJG are expensive on most valuation metrics whereas this is on 18% discount to NAV (based on last published NAV of 171.7) and the 12m average is a 12% discount, so decent value.Any thoughts on short term price action?Thanks

[donald pond] 13/11/2020 08:17

Stifel note today, buy with a target of 165

[suetballs] 11/11/2020 15:33

Donald - wish I had more spare cash to top up on digs.
Added to gvc today - my current fav share.
I think your timing here is excellent.
Suet

[donald pond] 11/11/2020 15:07

I have bought in very heavily this week, absolute bargain down here.BTW the move to Jeffries is likely to be a result of the team at Stifel who covered DIGS moving to Jeffries a year or so ago.

[suetballs] 11/11/2020 14:33

Glad I stuck with these - back to breakeven.
Suet

[jonwig] 01/10/2020 08:41

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 08:23

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 08:15

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

[spangle93] 20/9/2020 07:48

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 07:08

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 10:07

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 15:01

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 15:00

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 14:54

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.

[jonwig] 27/8/2020 07:14

Reduction in management fees and terms:



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 11:24

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.