Empiric Student Property (ESP)

Index:

FTSE 250

90.00p
   
  • Change Today:
      0.30p
  • 52 Week High: 96.60p
  • 52 Week Low: 83.70p
  • Currency: UK Pounds
  • Shares Issued: 603.44m
  • Volume: 949,299
  • Market Cap: £543.09m
  • RiskGrade: 140

Sunday share tips: Empiric Student Property, Frasers Group

By Alexander Bueso

Date: Sunday 22 Oct 2023

LONDON (ShareCast) - (Sharecast News) - The Financial Mail on Sunday's Midas column recommended investors hold onto their shares in Empiric Student Property.
In particular, it highlighted the expected jump in the 18-25 year old population in the UK throughout the 2020s.

That should drive for university student accommodation, Midas said.

Furthermore, since the current chief executive officer, Duncan Garrood, came onboard in 2020, the share price had staged a partial recovery.

Garrood had 40 years' experience and was at the helm of Punch Taverns when it was bought out for £1.8bn in 2017.

Midas said the company's progress since had been "encouraging", that there was "more to come" and that the shares should respond.

"Midas recommended Empiric in 2014, when the shares floated on the stock market at £1. Early years were promising but the company then fell out of favour and the price slumped to 58p before Garrood came on board," the tipster said.

"The stock has since risen to 86p but remains undervalued. Existing shareholders should sit tight. Newcomers may also find the stock rewarding."

The Sunday Times's Lucy Tobin told readers to buy shares of Frasers Group, arguing that its Sports Direct chain was "flourishing", notwithstanding the cost of living crisis in the UK.

Not only had it spruced up its offering with more fashionable brands, the company had also expanded deeper into Europe with the purchase of German chain SportsScheck.

What was Fraser's ambition? To become Europe's largest sports retailer.

The retailer's shares had done well year-to-date, rising by 11% to around 800.0p, but remained well off the 940.0p highs reached last summer.

Its price-to-earnings multiple, at 9.9 for 2024, was also considerably lower than its historic level of 16.

Frasers Group's brands looked disparate, but they were bought on the cheap and the company had a strong balance sheet, while cash inflows were above £500 at the full-year stage this summer.

And further acquisitions were expected.

"The ride may be choppy, but Sports Direct should succeed where it expands. Buy Frasers."



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ESP Market Data

Currency UK Pounds
Share Price 90.00p
Change Today 0.30p
% Change 0.33 %
52 Week High 96.60p
52 Week Low 83.70p
Volume 949,299
Shares Issued 603.44m
Market Cap £543.09m
RiskGrade 140

ESP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend Not Available
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ESP Dividends

  Latest Previous
  4th Interim 3rd Interim
Ex-Div 04-Apr-24 16-Nov-23
Paid 19-Apr-24 01-Dec-23
Amount 0.94p 0.94p

Trades for 26-Apr-2024

Time Volume / Share Price
17:09 10,508 @ 90.02p
16:48 526 @ 89.87p
16:35 352,825 @ 90.00p
16:35 2,836 @ 90.00p
16:35 45,740 @ 90.00p

ESP Key Personnel

CEO Duncan Garrood

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