No. of Recommendations: 2
narasolicitors.com - Latest immigration news month new jobUK just changed the rules to give extra visa working rights to foreign postgrads who are at one of the better unis in the UK.
Conveniently, this is exactly the headwind that Unite faced this year - downturn in foreign postgrads because the visa benefits of studying in the UK were being reduced.
Conveniently, it applies primarily to the universities where Unite operates the bulk of their business.
Even if it eventually adds 1% to occupancy, going from say 95% occupancy to 96% gives pricing power to Unite and other PBSA. The closer you get to 100% occupancy the more you can push the price up.
I don't care enough to study it in detail myself but I ran a few questions through a few different AI models to try to get a best effort estimate of the value.
Probably around 0.5p to 1p/share of earnings. Small tailwind instead of small headwind.
TRS
