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Palace Capital Share Discussion Threads
Showing 201 to 223 of 225 messages
|Good spot; a Midas reader paid nearly 5p over for 2k shares just now. If he'd bought on Friday he'd have got mid. Implies Friday's overhang is over at least.|
|Not the first time that I've observed this, but no sooner has ST tipped a particular company, it is then tipped by Midas in the MoS. Between the two of them this should have a positive effect on the share price|
|Lots of opportunities to meet the directors and watch presentations over the next month or so...
|Now also in the print mag from Sir Rampalot, with a typo re the divi, but reads well. Must be a big overhang for so many to be available at mid vs tiny sell size.|
|Just been tipped-
|@NTV - was hoping for a debate with PCA bulls! Nothing I'm "recommending", but not difficult to pick a few out like:
1. For yield, AEWU (c.8.3%). Currently trading at a premium, which alone puts me off.
2. For discount, so many to pick from but either TRY at c.13% below NAV, small holding in direct property (c.8%) but very well spread holdings in REITs, bias to Euro but with 5.7% in LAND, 2.5% in GPOR etc. Great thing about TRY is that it's discounts on discounts. But a long-term SIPP holding rather than shoot the lights out.
3. SMP - wipe out the entire value of Nine Elms & it's still trading at a fat discount. Director buying, profitable, EPRA NAV 451p at last reading vs 296p s/p.
4. CIC - was in these for years but no longer, not such a fan but they're the development end so more similar to PCA. More liquid, longer record.|
|what ones are you recommending that are better value than pca?|
|Can't see what's so attractive about this co in truth - some very weighty NAV discounts among the giant REITs, who combine long experience, great assets & liquidity. Clearly the NAV is currently undervalued but (a) that can change and (b) they're not alone.
Today's RNS pretty small beer, a sale of well under 1% of assets? They also talk about how conservative gearing is (c.39%) but there's a lot who are more conservative. Still, if commercial property still has a long way to rise then the gearing will help PCA.
Divi been growing strongly but there's better yields out there too.|
|Astonish that the share price isn't materially higher - I think the silly spread is partly to blame. The company needs to grow a bit bigger and get more broker support and coverage IMO.|
|"In addition, since the vote on the EU Referendum, we have sold three properties above book value and those under offer pending sale have also been agreed at levels above book value. Despite media comment, at Palace Capital, we are seeing no sign of any decline in our commercial property values."|
|Crazy shareprice when company trading at such a discount to NAV with property sales announced today going through so far above book value. Guess the market will get there in the end.
|Thanks davidosh, I live up north so won't be able to make it, but would appreciate some feedback on this BB if at all possible.|
|At last the spread has closed and managed to get some at £3.1875.|
Hear what you are saying but then it will cost me £300 opening and closing the position with higher fees. Either way my point stands that currently the cost of buying and selling is prohibitive and will be the main reason why trade has been killed in this share.|
|A good broker should be able to get you prices well within that spread.
Incidentally Palace are presenting at a ShareSoc event in Brighton in a couple of weeks time if you want to meet them...
|The spread, quoted and real. Been trying to buy myself over the last week but the spread is way too wide to interest me at the moment.
|A couple of deals in August, but PCA seems to have been left behind by the other Prop CO's recently, who've all largely recovered their Brexit blips.. Anyone know why PCA might be lagging?|
|So they are having a capital markets day, showing people around their properties. I would have thought there are some big regional IFAs that might be interested in PCA as a local yield play. At sub £100m, this is still a minnow in a niche with lots of room for growth imo. ANd with the recent divi, we're not too far off pre-Brexit highs, which is heartening. Could see myself holding this for a long time.|
|And a 16.8% return on the property. That means after 6 years the property has been paid for. Plus capital allowances! What a purchase that property has been.|
|"Palace Capital is in strong financial health and the Company has already taken advantage of the recent uncertainty in the commercial property market following the June EU Referendum result by putting in place this loan facility. Our portfolio is performing well and we will continue with our strategy to improve the properties we own and recycling our capital into those assets that offer the best potential performance over the medium to long-term."|
|AGM this morning, would have gone if I'd been in London, will be interested to see if chairman has any comments about post-Brexit environment.|
|And more today, shows the board think the share price is a significant discount to NAV.|
|PCA mops up the loose stock @ 360p:
20 June 2016
Palace Capital PLC
Transaction in own shares
Palace Capital PLC announces that on 17 June 2016 it purchased 91,587 of its own ordinary shares of 10p each ("ordinary shares") at an average price of 360 pence per ordinary share. All of the purchased shares are to be held as treasury shares.|