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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
  -0.50 -0.24% 210.00 210.00 210.50 210.50 209.00 209.00 505,334 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 36.3 114.7 25.2 8.3 956

Gcp Student Living Share Discussion Threads

Showing 126 to 150 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
11/7/2019
10:12
Whilst I do agree with that, business execution can't be overlooked. ESP in particular can't seem to get it quite right! (Nor the fund which went bust.)
jonwig
11/7/2019
10:08
A few select quotes from the Guardian today..... 'Applications from Chinese students to study at UK universities have gone up 30% since last year' 'The Ucas figures also revealed an increase in the number of British 18-year-olds applying for places, up 1% on last year to 275,520 despite a 1.9% fall in the overall 18-year-old population of the UK. EU applicants have also risen 1%, to 50,650 despite the Brexit uncertainty, and Ucas reported a record number of applicants from outside the EU at 81,340, an increase of 8%.' hTTps://www.theguardian.com/education/2019/jul/11/chinese-students-applications-to-uk-universities-up-by-30 Market fundamentals appear strong, and this also highlights the defensive nature of this sub-sector of the property market. Regards Maddox
maddox
03/6/2019
05:00
Why it flopped the pricing: https://citywire.co.uk/investment-trust-insider/news/gcp-student-living-fund-raising-flops-at-5m/a1234565?ref=investment-trust-insider-latest-news-list
jonwig
31/5/2019
06:22
It certainly is! They were careful not to say what their target amount was, but - The acquisition price of Scape Canalside will be established by an independent valuation process and is expected to be in excess of £90 million. In the event the Placing does not proceed the Directors expect to fund the entire acquisition of Scape Canalside with new borrowings. In such circumstance, the Group's LTV would increase to the mid-30s% level as the Company completes its forward funding pipeline over the next 12 to 18 months. LTV was 26% at 31/12, so over 30% is quite a jump.
jonwig
31/5/2019
06:11
Only raised £5m in the placing. Surely this must be a disappointing amount? Suet
suetballs
14/5/2019
06:04
Citywire on the proposed funraising: https://citywire.co.uk/investment-trust-insider/news/gcp-student-living-asks-investors-to-fund-90m-east-london-digs/a1228899?ref=investment-trust-insider-latest-news-list
jonwig
13/5/2019
06:10
Another placing, at 162.5p, which looks ambitious to me! They haven't said how many shares are being offered, but they obviously know, since they say it may close early! https://www.investegate.co.uk/gcp-student-living--digs-/rns/proposed-placing/201905130700057398Y/
jonwig
26/3/2019
16:55
Edison initiates research: https://www.edisongroup.com/publication/strong-h119-progress-and-positive-outlook/23763
jonwig
25/3/2019
06:33
This wasn't mentioned in the results: Real estate investment trust GCP Student Living (DIGS) is facing a ‘big barrier’ to development from London mayor Sadiq Khan’s clampdown on direct-let student accommodation. As part of his ‘London Plan’ Khan will force student accommodation developers, including GCP's, to partner with universities. Developers will be forced to offer a percentage of affordable rooms as part of their plans and face a ‘clawback’ penalty if the government decides they have made excessive financial gains from a newbuild. Https://citywire.co.uk/investment-trust-insider/news/sadiq-khan-s-london-plan-puts-big-barrier-in-digs-way/a1212604?ref=investment-trust-insider-latest-news-list It will go the way of all rent controls, squeezing supply and driving up prices.
jonwig
20/3/2019
07:17
H1 results: ...pleased to report a period of strong performance for the Company. The focus on assets in and around London has delivered the Company’s strongest NAV performance for an interim period since 2015, with the NAV per share rising by 5.9% to 157.93 pence per share over the six-month period. ... The Company benefits from a conditional forward purchase agreement to acquire Scape Canalside, a high-specification, new-build asset located immediately adjacent to Queen Mary University of London. With the property expected to open to students for the 2019/20 academic year, the Board and Gravis are considering the optimum way to finance its acquisition ahead of 30 June 2019. https://www.investegate.co.uk/gcp-student-living--digs-/prn/half-year-report/20190320070000P065E/ So fundraising imminent? And signs of cash drag - obvious, given development work. But not a problem. NAV 157.93p.
jonwig
05/2/2019
07:08
Quarterly update: Https://www.investegate.co.uk/gcp-student-living--digs-/prn/dividend-declaration-and-net-asset-valuation/20190205070000P35EE/ "GCP Student, the UK's first REIT focused on student residential assets, today announces that at close of business on 31 December 2018, the unaudited estimated EPRA net asset value per ordinary share of the Company was 157.93 pence. The EPRA net asset value includes income for the period (cum-income) and does not include a provision for an accrued dividend for the quarter to 31 December 2018. The EPRA net asset value (ex-income) was 156.4 pence per ordinary share as at that date, representing a quarterly increase of 3.2%." - so asset valuation still on upward curve. Not many property companies trade at a premium these days; I think this one ought to!
jonwig
07/11/2018
07:16
"GCP Student, the UK's first REIT focused on student residential assets, today announces that at close of business on 30 September 2018, the unaudited estimated EPRA net asset value per ordinary share of the Company was 153.02 pence. The EPRA net asset value includes income for the period (cum-income) and does not include a provision for an accrued dividend for the quarter to 30 September 2018. The EPRA net asset value (ex-income) was 151.49 pence per ordinary share as at that date, representing a quarterly increase of 2.6%." 2.6% per qtr is a 10.8% pa increase, which looks a bit surprising!
jonwig
13/9/2018
05:37
Edison research note on FY results: Https://www.edisoninvestmentresearch.com/research/report/gcp-student-living210353/preview/
jonwig
10/9/2018
19:23
Good article in Citiwire: 'Brexit won’t bother investors in student property, says GCP' By Michelle McGagh 07 Sep, 2018 hTTp://citywire.co.uk/investment-trust-insider/news/brexit-won-t-bother-investors-in-student-property-says-gcp/a1152526
maddox
10/9/2018
06:31
Thanks jonwig. Had these since IPO, so I've been very pleased with the way they have invested and managed the money they've raised to date
spangle93
10/9/2018
06:17
Spangle - no, it won't be an open offer. It brings them to the limit for a non-preemptive share issue.
jonwig
10/9/2018
06:15
New placing to raise £55MM hTTps://www.investegate.co.uk/gcp-student-living--digs-/prn/portfolio-update-and-proposed-placing/20180910070000P69D7/ Placing available to qualified investors, but not clear whether that's all shareholder. My guess is that's you'd probably know already if you were one of them. Good news on the occupancy levels though, and with Scape Bloomsbury taking students ahead of schedule
spangle93
06/9/2018
06:42
Annual results: Https://www.investegate.co.uk/gcp-student-living--digs-/prn/annual-financial-report/20180906070000PFE32/ Still showing a small premium to NAV of 149.12p. Dividend for the year 5.95p (uncovered because of development assets). Strong hold.
jonwig
05/9/2018
08:16
Hi jonwig, Yes spot on, ironically her recent trip to India sought to undo some of the previous damage she'd done when Home Secretary. The number of Indian students coming to the UK collapsed after her appallingly unfair deportation of Indian students. In one particularly stark case they kicked out a student starting the third year of a three year BSc, having already invested heavily in the first two years. The UK's reputation for fair play will take a lot of restoration after that pointless fiasco. Twelve months ago Amber Rudd commissioned a report into the value the foreign students to the UK economy - it's due out around about now. Hopefully, the Visa restrictions will be relaxed and foreign student numbers removed from the immigration stats - this would be the sensible thing to do, but I'm not optimistic. Cheers Maddox
maddox
04/9/2018
18:43
Yes, this has been simmering away since the referendum. I think only one person has been in favour of limiting student numbers: the PM.
jonwig
04/9/2018
16:37
'Give foreign students longer visas' says Universities UK The international director of Universities UK, Vivienne Stern, has called for a new visa to be created that would allow foreign students to get work experience in the UK for two years after they've graduated. She told BBCR4 Today Programme that international students are invaluable to British education and economy. https://www.bbc.co.uk/news/education-45398634 The UK has been taking a very hard line on foreign students by not allowing them, as other counties do, to stay on for a period to gain work experience after graduating. Essentially, they are a soft target towards reducing UK immigration numbers. However, a recent The Home Office paper on “exit checks” data – a proper count of all people who are actually known to have left the UK – found 176,317 – 97.4% – of 181, 024 international students from outside the EEA left on time. This itself is probably an underestimate as others in the remaining 2.6% might have also left but via routes not subject to exit checks, such as via Northern Ireland. Foreign Students are estimated to contribute £25bn to the UK economy and play an important role in supporting the UK University Sector through the high fees they pay. Other countries more welcoming attitude towards foreign students means that they are growing their numbers far more strongly than the UK. Regards Maddox
maddox
31/5/2018
06:36
New Edison research note issued. Summary: GCP Student Living (DIGS) REIT provides exposure to the specialist purpose-built student accommodation real estate sector, with a focus on London (95% of the investment portfolio value). The sector benefits from a positive demand-supply balance and good levels of rental growth, while being much less exposed to economic-led cycles than mainstream commercial real estate. With a growing student population and competing demands for space, the supply shortage in London is particularly acute. DIGS aims for regular sustainable dividends with RPI-inflation linked characteristics and modest capital appreciation. Shareholder returns since the IPO are well ahead of the 8–10% long-term target.
jonwig
22/3/2018
10:39
Jonwig - Yes, there's an element of that in both cases I guess. Just interesting. riverman77 - operational efficiencies - yes, clearly (which as an ESP shareholders gives hope the gap will be closed). Supply/demand inbalance - well that has to manifest itself in higher rents, which is the point I made, and/or occupancy. ESP has issues with particular specific locations, hopefully being addressed, whilst DIGS claims fully let (although doesn't define that, I'd be surprised if its 100% occupancy over the period, ESP use 97% occupancy as 'fully let')
stemis
22/3/2018
10:30
Aside from the greater operational efficiencies, the key point for me is that DIGS focuses on areas where there is clear demand/supply imbalance (ie mainly London) in contrast to some towns where there seems to be a glut of new student buildings.
riverman77
22/3/2018
10:18
SteMiS - on point (2), I think there was a new unoccupied development and maybe cash drag from a funraising. Check - yes, they refer to it in a number of places. On points (1) and (3) I haven't a quick, simple answer.
jonwig
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
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