Gcp Student Living Share Discussion Threads

[riverman77] 22/3/2018 08:47

I think there is some contagion from the issues facing the Empiric student fund. This was due to operational failings and entirely unrelated to DIGS which looks pretty solid, so I see this as a good buying opportunity, if only I had spare funds.

[jonwig] 22/3/2018 07:25

HY report, NAV 146.1p. Strong results. Strange to see a discount! Https://www.investegate.co.uk/gcp-student-living--digs-/prn/half-year-report/20180322070000P13A1/

[jonwig] 05/2/2018 06:51

"The number of foreign students applying to British universities has hit a high, despite warnings about the impact of the Brexit vote on higher education. More than 100,000 EU and overseas candidates have applied to take up places this autumn, the first official figures for the year show today. " Https://www.thetimes.co.uk/edition/news/foreign-students-apply-to-uk-in-record-numbers-3msxsff8z

[trytotakeiteasy] 11/12/2017 12:09

Probably a more pertinent ratio is the amount they paid per room compared to the rental per room. However, the latter would be hard to get as each accommodation block has different room types with different rents. £160k a room isn't too bad. If the average weekly rent is say £230 then that is £12k for a gross yield of 7.5%. However, this is before costs. hxxps://www.scape.com/en-uk/student-accommodation/podium#rooms

[jonwig] 11/12/2017 09:15

Actually, yes, they've paid a lot more than this (per bed) for some assets For example Woburn Place 420 beds for £135m (plus refurbishment costs) in March. And, as you say, quality is important for these moneyed overseas students.

[trytotakeiteasy] 11/12/2017 08:52

jonwig - hard to say. Student accommodation has a lot of shared facilities so you are buying more than a room. You can't buy a decent studio flat in central London for less than £400k....

[jonwig] 11/12/2017 07:11

New investment: https://www.investegate.co.uk/gcp-student-living--digs-/prn/new-acquisition/20171211070000PE9E0/ £160,000 per bed - London prices a bit crazy?

[trytotakeiteasy] 23/11/2017 11:39

The latest quarterly report from GCP Student showed a good start to the year with the NAV up.....risk is probably that GCP may need to raise more equity to develop a new site at Mile End...however, they have previously raised money above NAV and so it has boosted NAV.....rental growth for current student calendar year was strong at 4.1%... https://www.investegate.co.uk/gcp-student-living--digs-/prn/dividend-declaration-and-net-asset-valuation/20171026070000PDC34/

[edwardt] 23/11/2017 08:22

the mess at empiric may be hitting sentiment.however this is clearly the quality play in the sector. I retain mine as a result.

[davr0s] 14/11/2017 18:06

Whatever reason support broken so I'm out. I can always reenter at a later date

[hiddendepths] 14/11/2017 16:13

Quite a few of the "safe" yield stocks are being savaged for some reason.

[scallywagkid] 14/11/2017 15:21

Likely a private client manager turning over a portfolio or two. When fundamentals OK just need to look through such events.

[davr0s] 14/11/2017 14:30

Hmmmm - making 1 year lows never a good sign

[trytotakeiteasy] 14/11/2017 11:38

surprised by the drop here... the interim report was pretty good...

[jonwig] 08/11/2017 07:17

FT: Amber Rudd, the home secretary, is leading a new cabinet push to remove students from the government’s immigration targets, in a move that will delight universities but put her on course for a clash with the prime minister. Theresa May is said by one minister to be in a minority of one in the cabinet in believing that students must be counted in the target, and she has been implacable in her resistance to any change in policy. But Ms Rudd believes that unless the prime minister changes her position in the coming weeks, the government will suffer a humiliating defeat early next year when the Commons considers a bill to set up a post-Brexit immigration regime. One ally of the home secretary said it was certain that there would be an attempt to amend the Immigration bill: “We’re going to have to do something about this ourselves, or we will be forced into doing it.” Only 26% of DIGS' students are from the UK.

[jonwig] 09/10/2017 14:42

suet - yes, UTG is a more 'exciting' stock than DIGS, with potentially bigger upside, until the sector tops out. Then DIGS will be the defensive one. For the time being, DIGS will be rather boring!

[suetballs] 09/10/2017 13:16

Good news from Unite this morning. Suet

[suetballs] 29/9/2017 16:29

In for a few today - prospects look promising. Suet

[jonwig] 15/9/2017 07:15

FY results look outstanding: Https://www.investegate.co.uk/gcp-student-living--digs-/prn/annual-financial-report/20170915070000PD022/ Note fully-covered dividend costing £22.1m from profits of £23.5m.

[jonwig] 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] 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] 06/10/2016 14:06

Ruddy Rudd, though I doubt that her dog whistle politics will affect DIGS one bit.

[ch27] 06/10/2016 14:04

Anyone know why this is dropping?

[maddox] 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