||EPS - Basic
||Market Cap (m)
|Palace Capital Daily Update: Palace Capital is listed in the Nonlife Insurance sector of the London Stock Exchange with ticker PCA. The last closing price for Palace Capital was 342.50p.|
Palace Capital has a 4 week average price of 333.75p and a 12 week average price of 328.64p.
The 1 year high share price is 377.50p while the 1 year low share price is currently 307.50p.
There are currently 25,800,279 shares in issue and the average daily traded volume is 45,583 shares. The market capitalisation of Palace Capital is £89,010,962.55.
|skyship: Phenomenal update by PCA ahead of the 6th June Finals. I suspect my f/c of a 420p NAV may well be achieved; but my anticipated dividend increase has already been exceeded.
At today's improved 360p the discount is a prospective 14.2% and the Yield = 4.44%. Not massively cheap; but certainly looking good value...
|skyship: Today's RNS effectively puts a floor under the share price:
Notice of general meeting
Palace Capital, the property investment company that focuses on commercial property outside London, has today posted to shareholders a notice convening a general meeting of the Company to be held at the offices of Hamlins LLP, Roxburghe House, 273-287 Regent Street, London W1B 2AD at 10.00 a.m. on 24 March 2016 ("General Meeting").
The General Meeting is being convened for the purpose of seeking general authority for the Company to make market purchases of its own ordinary shares ("Ordinary Shares"), limited to up to 10 per cent of the Company's issued ordinary share capital (the "Share Buyback Authority"). The Share Buyback Authority, if approved, would take effect at the end of the General Meeting, and expire 15 months from the passing of the resolution.
In its half yearly report for the six months ended 30 September 2015, the Company announced a European Public Real Estate Association net asset value ("EPRA NAV") per Ordinary Share of 404 pence. As at the date of this announcement, the Company's share price is 327.5 pence per Ordinary Share, representing a 19 per cent. discount to the reported EPRA NAV per Ordinary Share. In light of the size of this discount, and in line with normal corporate practice, the Directors consider the Company should seek the Share Buyback Authority to allow the Company to purchase its Ordinary Shares at a point in the future when it would be appropriate to use the Company's financial resources to provide shareholders, who wish to realise part or all of their investment in the Company, with an opportunity to access liquidity which might not otherwise be available in the market|
|skyship: Non Exec Anthony Dove invests another £10,000 into the equity @ 378p:
|balcony: I think the share price might start with a 4 later this week|
Palace Capital share price data is direct from the London Stock Exchange