Gcp Student Living Share Discussion Threads

[suetballs] 01/6/2020 15:01

Downgrade (not unexpected) from Berenberg today. Buy to hold - price 130p.
Suet

[suetballs] 29/5/2020 11:18

I must admit that when I first bought digs I did so because it was mainly London based and foreign students. Doesn't look so clever now perhaps but as I have said before the new term is a number of months away.
sp a bit better today.
Suet

[rambutan2] 27/5/2020 20:21

80% of DIGS students come from overseas and pay high rent ie £300-£400 pw. And mainly London.

UTG is 60% UK students and average rent £125-£150. And across the country.

Currently, I prefer the latter set up.

[edwardt] 27/5/2020 20:15

Dutch courage one might say

[rambutan2] 27/5/2020 20:12

I realised that it was the Dutch who took the recent placing at 186p, so far from the best timing and presumably trying to average down last week.

[suetballs] 27/5/2020 12:37

Unite had an upgrade today - digs moving in the right direction atm.
Suet

[rambutan2] 22/5/2020 22:07

Yes, a vote of confidence from Holland:



'We don’t just look at risk and return, we also look at what a company does about the environment, working conditions, diversity and human rights. Wherever possible we exercise our influence as shareholders. We’re regarded worldwide as exemplary active investors. Ultimately, we also aim to contribute through our investments to the U.N.’s sustainable development goals or SDGs. One of those goals goes straight to the core of our work: ending poverty. In essence that’s what pensions are all about: they’re there to prevent poverty. Pensions enable people to continue to lead a normal life after their working life. In the Netherlands there’s plenty of moaning about pensions, but along with Luxembourg, the Netherlands has the lowest poverty rate among the elderly.’

[suetballs] 22/5/2020 17:36

APG Asset Management increase their holding from 6% to 8.6%.
They must be confident.
Suet

[suetballs] 20/5/2020 15:13

Cambridge news not well received by digs share price Unite struggling too.
Hey ho - it won't be forever - I hope.
Suet

[suetballs] 19/5/2020 23:25

You could be right but what about students who need to work in labs.
My son is just finishing his phd at Trinity - his chemistry lab is closed but they are talking about reopening.
Cambridge have also said they could have face to face meetings but in small tutorial groups.
All ifs and buts at the moment but I think a lot will change come September / October.
Suet

[finkie] 19/5/2020 22:50

Suetballs interesting thought, do you think students will move into £10k year+ accom to escape mum and dad to study virtually and not be able to really integrate with other students or attend lectures? I can’t see it and if Cambridge say online only I would think they are closing accommodation blocks on site.

[suetballs] 19/5/2020 21:53

Unless social distancing rules change (and I think they will) Cambridge Uni will conduct all lectures online until Summer of 2021.
Impact of this type of decision on digs?
Maybe not so much - students will still want the campus experience and getting away from mum and dad.
Suet

[suetballs] 01/5/2020 10:06

A very informative and comprehensive update.
There is obviously disruption with CV but I am hopeful that by start of the next academic year the situation will be much improved.
And a dividend too.
Suet

[edwardt] 18/3/2020 18:25

Who is selling this at these levels???

[jonwig] 06/3/2020 07:26

H1 results:



Covers just numbers to 31/12, so a bit out of date for covi reaction. They say:

Further, the Board and the Investment Manager are monitoring the potential impact of the coronavirus (Covid-19) outbreak both in terms of the ability of students to attend their universities, and therefore occupy student rooms, and in terms of the wellbeing of the residents in the Company's buildings. The Board notes that, at the date of publication, bookings for the forthcoming year are in line with 2019/20 and residents for the current academic year continue to occupy their rooms. Student applications for full time higher education for the 2020/21 academic year have increased by 1.2% year-on-year.

Once the UK spread becomes epidemic with maybe 50% infection, it makes no sense to limit overseas student numbers!

[jonwig] 06/2/2020 06:45

Research note:

[spangle93] 05/2/2020 16:43

200p clearly not a ceiling - thought there might have been a few with that round number to sell at

[jonwig] 04/2/2020 15:19

Trading update:

NAV: on 31 December 2019, the unaudited estimated EPRA net asset value per ordinary share of the Company was 174.71 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 2019.

DIV: first interim dividend of 1.58 pence per ordinary share, in respect of the quarter ended 31 December 2019. The dividend will be paid on 9 March 2020 to ordinary shareholders on the register at 14 February 2020. The dividend will be paid as 1.42 pence per ordinary share as a REIT property income distribution ("PID") in respect of the Group's tax-exempt property rental business and 0.16 pence per ordinary share as an ordinary UK dividend ("non-PID")
Rest of it good, full occupation, but they don't say whether the div will be fully-covered. NAV premium nearly 18%. Gosh!

[spangle93] 23/12/2019 07:14

Let's hope those scaled back remain keen to buy to their intended amount

[jonwig] 23/12/2019 07:07

Placing oversubscribed;

[spangle93] 20/12/2019 08:20

Thanks jonwig

Bit disapppointed that if it's a request for share issue, it has to be done at a discount, but realistically the price must have been surging as details of the deal were being worked.

On the positive side, if it's a pension fund, it's not likely to be an organisation that flips the shares for a small profit

[jonwig] 20/12/2019 06:38

Citywire comment:

[jonwig] 19/12/2019 07:36

Another placing!



It looks as though this was requested by one particular investor, so shouldn't flop, like the last one. They'll also get the next dividend without having earned it.

[spangle93] 17/12/2019 19:46

Nice move over the last 3 months.
The election results have hopefully cemented this rise

[edwardt] 18/9/2019 13:35

Nice move- love trackers!