Rhigos
02 Feb 2017
>£60m through share placing See News for full details.From CSS:"GCP Student Living said it will raise more than £60m through a share placing and subscription. The student accommodation provider will place the shares at 140p each, which it said represents a discount to the closing mid-price per share on Wednesday of 143p. GCP will use the proceeds to buy a private student residential accommodation asset in a "prime" central London position."Thinking of applying for a value of shares to double my holding. I think now seems like a good time for DIGS to buy London property, while prices are being held down. Not much of a discount. I think they are cutting it a bit fine.
Rhigos
15 Sep 2016
Re: Potential migration of listing MJS1234 "Well spotted"Actually I knew because Dion at GIGS kindly sent me an email yesterday evening with all the details of migration to premium market.If you need any information about the company they respond quickly to email sent to the address given on their web site.From company report last dividend was 1.43p. This gives a rolling yield of about 3.9% with dividends rising. iii showed it as 1.144p down from previous of 1.41p.
MJS1234
15 Sep 2016
Re: Potential migration of listing Well spotted Decided to buy 50% more as I'm hoping they'll move forward a bit more following the move.GLTAMJS
Rhigos
15 Sep 2016
Re: Potential migration of listing Migration to the Premium Segment of the Main Market of the London Stock Exchange and listing on the Official List of the UK Listing Authority. Effective from 8
0 on 16 Sep.See news story for details. If I were to sell after 16th, or double my holding, it will be £38 cheaper as my broker charged more to trade SFM by phone as could not be done on line.Let's hope liquidity will increase reducing spread and SP rise as a consequence of migration of listing. After dealing costs I am nearly 2% up on my 10 Aug purchase, an AER of 21.6% on capital. I have received no dividends yet as bought XD.
Rhigos
10 Aug 2016
Re: Potential migration of listing MJS1234, "Just doubled up."Hope my logic gives the right result as putting money on it. I bought into DIGS today at 142p (there is a pun there). I thought I had better do trade before price went up even more! No cash left to speak of in my ISA now. Did not have to fill in any forms, just verbally agree over phone that I had read and understood risk warnings about SFM shares.Of the 7 previous purchases I have made since 20 Jul my 2 best so far have been Direct Line Insurance (DLG) topped up on 28 Jul and now SP up 12.4% since then. Dairy Crest Group (GCG) was next best, bought 21 Jul SP now +10.5% since then. All other purchases in black but that is down to market rather any skill on behalf.
MJS1234
05 Aug 2016
Re: Potential migration of listing Just doubled up.GLTAMJS
MJS1234
05 Aug 2016
Re: Potential migration of listing RhigosYou would have thought on the day of the announcement the share would go up. It didn't though. It drifted then dropped and recovered/increased a couple of weeks later.I agree with your logic though and may buy some more shortly.GLTAMJS
Rhigos
04 Aug 2016
Potential migration of listing [link] think I will buy before migration, assuming they do, on basis that when they have migrated, hopefully in a few months SP will go up a bit. At least enough to cover telephone commission.
Rhigos
04 Aug 2016
DIGS still in SFS not main market Just got message from my Brokerage. My misunderstanding of announcement:"It would seem that the move to the regular market hasn't yet taken place and the shares are still trading on the Specialist Fund Segment. The announcement in July seems to refer to the intention of moving on to the regular market rather than the move actually taking place."I can buy now but at telephone commission rate. I think I will wait until they move.
Rhigos
04 Aug 2016
meant DIGS in main market since 1 Jul 2016 Typo DIGS not GIGS
Rhigos
04 Aug 2016
GIGS in main market since 1 Jul 2016 I enquired with my brokerage, Charles Stanley Direct, if I could buy GCP Student Living in my ISA account. They said yes but when I tried to buy on line (not actually going to complete purchase just a test) web site did not recognise EPIC code (DIGS.L). Talked to brokerage this morning and I could have bought then, at online commission charge of £10, with a phone order. They said it appeared their web site had not been updated to reflect change of DIGS to main market. They expect site to be updated in the next few days to accommodate what were SFS shares.I have also contacted Ionic (owner of ShareScope / SharePad) and they informed me their data supplier MorningStar does not provide data for Specialist Fund Segment (SFS) shares.I pointed out to Ionic that SFS has merged with main market so that is irrelevant. They informed me that they would get back to MorningStar - I suspect long delay before additional data on DIGS will be available.Interactive Investor has basic fundamentals on its web site for DIGS and DIGS web site has a lot more information of course.I believe it is a matter of brokers and data providers not adapted yet to merger of SFS with main market.I think I will probably buy some DIGS as I agree with others that risk looks low. Now a more attractive investment as liquidity will have been improved by move to main market. If DIGS performs well e.g. SP +30%, it could even move into FTSE 250 if that is allowed. Probably overoptimistic for that to happen in the next 2 years.Bit more research needed on DIGS before I buy or not.
MJS1234
02 Aug 2016
Re: SP +67% in July - Listing I agree with what you say Step-hen on being secure but I also agree with Rhigos as moving to the Main Market would make a difference. Before I bought I had to tick lots of boxes as a sophisticated/experienced investor and if we can be looked at on a similar basis to Unite and ESP (or they buy DIGS) it would be good for us all.MJS
STEP-HEN
02 Aug 2016
Re: SP +67% in July - Listing Rhingo, I personally don't see this as high risk. Its real estate is high quality accommodation catering for predominantly foreign students attending our best universities, in fact this could almost be seen as a hedge against Brexit due to the devaluation of the pound and subsequent saving for the overseas students. I've been in since IPO and don't intend to sell!
Rhigos
01 Aug 2016
Re: SP +15.6% in July - Listing Correction from low in July to Fri closing SP it rose 15.6% (misread figure on a chart). Still an impressive rise.
Rhigos
01 Aug 2016
SP +67% in July - Listing I spotted DIGS as there was Gold Cross with its SP on Thu 28th July. Shorter moving average rose up through longer rising moving average (20 day EMA & 60 day SMA). Statistically this points to shares whose SP will rise and outperform for the next 6 months or so. It has about a 50% reliability as a buy signal. As a shareholder in ESP a similar sort of business I thought it worth looking at.Found a March 2013 prospectus for DIGS:[link] as a high risk suitable only for for institutions and highly experienced investors who are prepared to lose their investment.Looking at iii fundamentals screen dividend data they paid 4 dividends in 2013 and 2014 and 2 so far in 2016. Rolling yield is nearly 4%. Looks quite interesting to me. Similar business to ESP at first glance. Wondered why SP had shot up so much last month then found this:IGS/news/item/2020670/potential-migration-listing?context=LSE
IGS"Migration" target="blank" rel="nofollow">[link] to the Premium Segment of the Main Market of the London Stock Exchange and listing on the Official List of the UK Listing Authority"This looks interesting to me. Worth more investigating and perhaps worth investing in.Anyone got any comments?
