Gcp Student Living Share Discussion Threads

[jonwig] 24/4/2015 15:11

And behold, they did buy.

[jonwig] 24/4/2015 12:59

In last quarter, NAV has risen from 110.77p (portfolio value £160.7m) to 119.19p (portfolio value £169.9).

Share price is not, presently, at a premium.

[edwardt] 09/4/2015 16:45

anyone read unite's results for q1 in terms of london student accomodation? if you can be bothered, you can see why i hope there will be good news here in due course......

[tournesol] 25/3/2015 17:41

Not many posts here so have been reading those from a year ago.

Smithie commented about the co targetting a rental yield of 5% which would then have to cover expenses leaving investors with a paltry 1%

This looks like a misunderstanding to me

I think the stated target of 5-6% is the targetted dividend yield to be paid to investors - and to be inflation linked to the IPO price.

That seems to tally with the 1.4p quarterly dividend = 5.6p pa

All of which sounds very attractive to me. I'll be considering buying tomorrow.

T

[jonwig] 26/2/2015 14:46

H1 report (which I haven't had time to read) plus possible equity raise of £80m - £100m. In 'C' shares, which is fine.

But MCap is £126m, so this should be open to PIs pro rata, though possibly with a minimum subscription above most capacities - I don't know the rules here.

I see Empiric are doing a fund-raise for maybe a different reason; the market values Empiric at a similar premium of about 4%.

[jonwig] 24/2/2015 09:46

That's right, mad, and they don't let Financial Advisers market these things any more ... more to protect the adviser from mis-selling actions than protect the investor himself!

[mad foetus] 24/2/2015 09:42

It is all a box ticking exercise: everyone is running scared of being accused of allowing investors access to unsuitable investments. I believe there may be an EU angle to this - it may be connected to MiFID 2, but in any event the UK is unusual in having an active private investor sector and a lot of countries do not understand this. Indeed, the concept of "execution only" is almost incomprehensible to Europeans and so increasingly UK firms have to jump through all sorts of hoops to make sure it is absolutely clear that the investor is making his own choice and has been informed of all of the risks.

[jonwig] 24/2/2015 09:38

Yes, no resemblance is there? And in your LSE list, DIGS is relatively safe compared with FAIR which is pretty wild-west.

Go ahead and bluff!

[wirralowl] 24/2/2015 09:20

Thanks for your reply, jonwig.

Yeah, looking at the form, it does strike me more as a 'tick the boxes' exercise rather than any real investigation into your level of expertise. I presume the TD questionnaire delves a little deeper...?

Incidentally, I found a list of all the stocks listed on the SFM, in case of interest, see the link below, list is in excel, half way down the page on rhs:


The examples of complex instruments they give do seem a bit at odds with some of the entities actually listed on the SFM..

[jonwig] 23/2/2015 20:12

Wirral - the AJB pdf gives four products, and DIGS isn't one of them! I'd never deal in the second and fourth anyway.
Maybe you could put down in Section 3 that you have knowledge of, but no intention of dealing in some of the four?

Anyway, it's self-certified so I'd just go ahead and be creative!

The TDDirect questionnaire is a bit different.

[wirralowl] 23/2/2015 15:42

Just received this email from AJ Bell, regarding the holding I have in DIGS which is in my SIPP:

Dear Mr ........,

As you may be aware the London Stock Exchange operates a regulated market for specialised investment entities known as ‘The Specialist Fund Market’. This market is aimed at issuers who wish to target investment from institutional, professional or highly knowledgeable investors.

Following a review of this market we have concluded that the companies listed in this segment should be classified as ‘Complex Financial Instruments’. You currently have a holding of GCP STUDENT LIVING PLC, which is listed on the Specialist Fund Market.

To allow investment into companies listed on this market we require you to complete and return a ‘Complex Instruments Form’ to confirm that you have the relevant experience to invest in Complex Financial Instruments, according to our records you have not completed a Complex Instrument Form, we would therefore be obliged if you could complete this and return it to us as soon as possible.

The form can be found by following the below link:

hxxps://www.youinvest.co.uk/sites/default/files/useful-forms/AJBYI_Application_to_invest_in_complex_instruments.pdf

Further information can be found on the Specialist Fund Market via the London Stock Exchange Website or by following the below link:



Please note that any further purchases of your current holding or any other companies listed on the Specialist Fund Market will be blocked until we have received and accepted your Complex Instrument Form.

You can send a scanned copy of the form to this address for us to process.

If you have any questions regarding this please reply to this message or call us on 0845 373 3479.

Yours sincerely

Dealing Services Team


Anyone else received such a letter and had their application accepted? I find it concerning on a number of levels, not least as I hold several shares from the Specialist Fund Market (with several different brokers) and wonder what level of 'experience' the various brokers will deem acceptable, as I have no formal financial qualifications.

[jonwig] 10/1/2015 09:43

The property manager of the Mansion Student Accommodation Fund is seeking to liquidate the fund after redemptions were suspended for more than a year.

More:

(This, of course, is an open-ended structure.

I'd imagine Empiric, GCP and Unite will be eyeing the sale, hopefully getting a discount.
A capital raise on the cards here?

[horndean eagle] 19/8/2014 15:58

It started off when the last NAV was published. Not really bothered. Rest of sector has had huge bounce recently. DIGS will follow in due course. In the meantime happy to lap up the dividends.

[spangle93] 19/8/2014 13:14

Maybe it was the effect of going ex-div on 8th August?

If it was general oversupply, I don't think the UTG share price would be looking perky

[jonwig] 19/8/2014 12:41

You would wouldn't you!
Plus unis are expanding place numbers and overseas students are flocking here. But there might be over-supply of accommodation maybe?

[spangle93] 19/8/2014 09:42

Bit of a capricious spell for the share price Did some initial investor come out of lock-down.

You'd think given the record number of students going to Uni in October that this would be in demand?

[spangle93] 24/7/2014 01:13

Late RNS

dividend of 1.40 pence paid on 5 September 2014 to shareholders on the
register as at 8 August 2014.

un-audited economic net asset value per Ordinary Share of the Company was 102.73p

valuation of the Company's portfolio was GBP151.60 million. Lettings for the 2014/15 academic year are progressing well and are on target to achieve expected occupancy across the Group's portfolio.

[buffin] 23/7/2014 08:03

Hi Miranda, thanks for highlighting this. Seems you have to tiptoe with care in this sector!

[rik shaw] 30/6/2014 18:27

Empiric EPIC ESP

[chester] 30/6/2014 09:24

Empire Student Props first day of trading 101p-102p.

[jonwig] 22/5/2014 14:08

cash raising well over-subscribed - excellent!

[jonwig] 20/5/2014 07:15

Spangle - it was ATS. They confirmed that I wasn't. (I've another provider, TDD who would have done.)

I left H-L after their charging coup.

[spangle93] 20/5/2014 07:11

Jonwig - I WAS offered chance to oversubscribe by H-L. Maybe worth checking with your ISA provider.

H-L now charges investors to take part in corporate actions, which is yet another way they are trying to claw in funds now that RDR has kicked in

[jonwig] 20/5/2014 06:58

I received my 1-for-2, but wasn't given the option to apply for more by my ISA provider.

Anyway, here's a bit from Empiric's intention to float RNS, which is pretty general:

UCAS placed 495,600 people into higher education in the 2013 cycle, an increase of 6.6% on the previous year and the highest number recorded. The cap on student numbers is set to be lifted (Chancellor's 2013 Autumn Statement), allowing significant increases in student intake



· The Government's Department for Business, Innovation and Skills believes it is realistic for the numbers of international students in the UK to grow by 15-20% over the next five years, and has signalled that there is no cap on the number of students who can come to study in the UK. The Department published a comprehensive paper (in mid-2013) setting out its support for growing international student numbers, and its view that there are few sectors in the UK with the capacity to grow and generate export earnings as impressive as that of education



· The movement to quality accommodation in the UK student sector is increasing, with the modern student generation increasingly moving away from traditional House in Multiple Occupancy accommodation, toward purpose-built accommodation, a trend which is typically supported by local authorities