Member Info for stevegrass777

Yes fantastic update today, and CLDN have proven that they can still perform during times of turmoil.
Apart from buzz the investments are doing very well.
I'm sure the NAV discount is going to tighten after this update hits the press over the next few weeks.
Very happy to hold here.

Not bad considering the turmoil the sector has had, I feel going forward demand will be pretty good, students want to go to uni and participate in lectures, online is second best really.
So I feel as soon as it can get back to normal it will do. Don't mind the missing dividend for the time being but having it reinstated is something to look forward to.
They are bound by the reit rules on that anyway so it will definitely come back at some point.
Very happy to be here.

Great update from CLDN today, it's a rather well run investment company that has a great approach to investing, and seems to get great results.
Happy to keep money parked here.

Some great news just recently, results were great, also ant financial to be split off possibly worth $200bln plus.
Today some tmall news, looks like aiming for more big brand business aiming at the unstoppable rise of the Chinese middle class which is already massive but growing larger each year.

Yes thats what im thinking on this whole thing.
Its got to make up for the loss in foriegn students and i can imagine UK uni's being very busy after this.

Really happy to hold here, markets are over estimating hours many students are going to stay at home this year in my opinion students will still want to go to university and carry on there education, especially if the jabs market is a bit tighter this year.
ESP have desirable properties for the post covid years mainly en suite and self contained studios, so it will be interesting to see how they fair compared to others.
It also seems Labour are helping fill our properties by trying to upgrade a level results!

Great results, great progress in cloud and sales, and some great strategies and forward progress.
Well chuffed with this very fast growing company.

https://www.alibabagroup.com/en/news/article?news=p200709

I read somewhere that some Uni's were banning second and third year students from having a year off.
Also Uni's are going to struggle if to many take a year out,I can see them doing everything in there power to get students back in and pretend buisness as usual.
Althought this year isn't going to be a great year for esp and other student accomadation I feel it's not going to be as bad as the markets have discounted ESP.
A steady march to normal should lift the share price.

Also with ESP being a REIT it is bound by certain rules about the dividend,so the dividend will be 90% of its property income (not capital gain) to maintain REIT status I think.
Personaly I feel the cutting of the dividend as a possitive thing,they have struggled to pay so much and were just about to have fully covered dividend,but I feel cutting it at this stage is wise and hopfully going foward will be reinstated at a sustainable Reit maintaning level.

Yes I think they do have more foreign students, and a bit more upmarket, but In the last RNS they were talking about new bookings having more of an interest in ensuite studio style accommodation (I think self contained) and said 80 +percent off memory of ESP properties were of this style.
I've being buying here hoping for some clarity from government and a recovery in time.
Surely once workers are back and school children are back students will have to go back to university.

Better than expected trading update at this stage of the lock down!
Much better accommodation and self contained studios and en suite accommodation probably helps!
On 12% down on this academic year.
And better than I expected bookings for next!
Students probably staying in accommodation because of lack of quite space at home maybe!
Definitely one to watch for the recovery and lock down easing.
Ive already bought here in the dip, maybe more!

Not long for results here,I'm sure something will be said about recent trading.
Amazon and ebay are about the only place I can get stuff at the moment (DIY etc).
Got to be doing great trading at the moment.

Another day another positive rns,coronavirus isnt stopping FPO from moving forward!
A new lease signed great news for shareholders.
Just waiting for the market to recognise FPO is super cheap!

Well it's very good to see the sale went through, transformational and bringing in wads of cash!
Can't be bad.
It was a bit later than previously said so that could be why the share price has been going down a bit lately.
But this deal should give the share price a much needed boost as it is a rather large amount of money and cash injected at just the right time!

Well added here over the last month as it looks like a good discount,and rarther conservativly run.
a safe play on the recovery from covid

Well looks a great deal, pushes date out, and a better rate, can't be bad
. It's a show of strength in the business really to get this done right now at better rates.

I've bought here quite a bit over the last 3 weeks.
Looks like a great bargain, and I feel once schools and universitys are open again students will feel compelled to go back.
I think pubs and cinemas etc will struggle to get people out again, but education and work should be be different.
It's hard to guess just yet.
But I've had to have some. Just to cheap.

This is a reply on twitter from fpo themselves

"@FpropPlc announced sale of its 50.3% share in CH8, an office tower in Warsaw at €4m premium to its recently assessed market value, generating £3m profit. Completion expected before 31/3/20 after which group cash should rise to £25m / 22p per share. See hxxps://t.co/FvLmwQrwHu."

"The sale was at a 10% premium to its last appraised value and should release €19.6m / £16.7m of net cash after tax and after repayment of the bank loan secured against the property."

For €44m and fpo market cap is only around £55.5m, I think the fpo has said 22p of fpo will be in cash after this sale.
In any case, very under valued and as always great deals just add more value every time.

Well it will be the results slowly sinking in, and Simon Thompson (IC) did an article online Monday (don't know if it will be in the magazine Friday).
But like you say, the difference in NAV and share price is very wide and you have a fund management business as well so it is really undervalued.
They are making progress, sometimes I think it's just nowt fast enough for the stock market investors, but I would prefer steady progress each year than wild progress like 3 steps forward 4 back.
Ben Habib did mention a couple of new deals in the pipeline for the next couple of months, so hopefully they will happen and be earnings enhancing.