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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Palace Capital Plc | PCA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 220.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 220.00 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 14/11/2024 | Interim | GBP | 0.0375 | 28/11/2024 | 29/11/2024 | 27/12/2024 |
| 19/09/2024 | Interim | GBP | 0.0375 | 26/09/2024 | 27/09/2024 | 25/10/2024 |
| 06/06/2024 | Final | GBP | 0.0375 | 25/07/2024 | 26/07/2024 | 23/08/2024 |
| 12/03/2024 | Interim | GBP | 0.0375 | 21/03/2024 | 22/03/2024 | 19/04/2024 |
| 15/11/2023 | Interim | GBP | 0.0375 | 23/11/2023 | 24/11/2023 | 29/12/2023 |
| 14/09/2023 | Interim | GBP | 0.0375 | 21/09/2023 | 22/09/2023 | 13/10/2023 |
| 15/06/2023 | Final | GBP | 0.0375 | 06/07/2023 | 07/07/2023 | 04/08/2023 |
| 15/03/2023 | Interim | GBP | 0.0375 | 23/03/2023 | 24/03/2023 | 14/04/2023 |
| 24/11/2022 | Interim | GBP | 0.0375 | 22/12/2022 | 23/12/2022 | 13/01/2023 |
| 15/09/2022 | Interim | GBP | 0.0375 | 22/09/2022 | 23/09/2022 | 14/10/2022 |
| 06/04/2022 | Final | GBP | 0.0375 | 30/06/2022 | 01/07/2022 | 05/08/2022 |
| 15/03/2022 | Interim | GBP | 0.0325 | 24/03/2022 | 25/03/2022 | 14/04/2022 |
| 16/11/2021 | Interim | GBP | 0.0325 | 09/12/2021 | 10/12/2021 | 31/12/2021 |
| 10/09/2021 | Interim | GBP | 0.03 | 23/09/2021 | 24/09/2021 | 15/10/2021 |
| 08/06/2021 | Final | GBP | 0.03 | 01/07/2021 | 02/07/2021 | 05/08/2021 |
| 10/03/2021 | Interim | GBP | 0.025 | 18/03/2021 | 19/03/2021 | 09/04/2021 |
| 17/11/2020 | Interim | GBP | 0.025 | 10/12/2020 | 11/12/2020 | 31/12/2020 |
| 15/09/2020 | Interim | GBP | 0.025 | 24/09/2020 | 25/09/2020 | 16/10/2020 |
| 07/07/2020 | Final | GBP | 0.025 | 23/07/2020 | 24/07/2020 | 14/08/2020 |
| Top Posts |
|---|
Posted at 19/11/2024 19:40 by 2wild Hudson quarter probably the only PCA assets to have increased in value during last three years. A bright spot in a sea of decreasing valuations.At 220p discount 250p NAV is only 12%. Although around 37% of the current market value is in cash. With the £8.1 million loan fixed at 2.9% until mid 2026, they could do a 25% tender at 240p without any delay. Would still have £Millions left overr for refurbishments. |
Posted at 19/10/2024 07:10 by pdosullivan The market is pricing in 150bps of BOE cuts between now and the end of Q3 2025. People looking to adjust their sterling income allocations to offset falling risk free rates will presumably be looking at real estate opportunities. I suspect the reversionary yield of 13.0pct on the PCA portfolio is too low in this regard and that remaining disposals could be well above book value. |
Posted at 16/10/2024 18:02 by 2wild Received 100% cash in Wtan tender this afternoon. Reinvested most of proceeds in 740 PCA at 216.84p.Should get NAV and cash position updates within 2 weeks and perhaps details of 2nd tender offer. |
Posted at 23/9/2024 08:26 by pdosullivan That is fair but it is probably worth checking out the disclosures to the accounts - given the PCA strategy surely the auditor would be asking for this to be reflected in the book value of the real estate assets? |
Posted at 21/9/2024 12:26 by 2wild baner. May well be right, although it's difficult to pin down the NAV, as PCA always give the gross amount of sales. You never know how much to deduct for commissions, legal fees and other expenses. |
Posted at 02/9/2024 17:49 by 2wild Good question Makinbuks, especially as likely to be another 250p tender before Christmas. Got most of mine taken up at 250p and have now brought them all back at an average price of 224.6p. Certainly would be nice to make an additional 10% on a second tender this year. Plus a nice dividend income while I wait. |
Posted at 01/9/2024 19:00 by 2wild By my reckoning, following payment of August dividend. PCA now has about 42p ps of net cash Plus another 224 to 228p NAV. |
Posted at 11/7/2024 20:38 by adv11 Just out of interest, now there are less shares to distribute dividends to, and with an ex-dividend date of 25th July, should we not be getting a higher dividend ?I don't seem to be seeing any of the long awaited additional cash being distributed to shareholders (having not sold in the tender offer as I would be taking a loss to do so). |
Posted at 06/6/2024 22:53 by 2wild SpectoAcc. Could well be a tad over exposed REITs. Not my fault honest. I keep buyhing some the most unloved on wide discounts and top slice into gains. Buy more on dips, sell rips. Repeat a few times and can really reduce average price, boosting Dividend Yield ever higher. Recently took profits on LXI and UKCM. |
Posted at 06/6/2024 14:11 by 2wild Based on 230P SP, PCA are tender in 25% of current market cap, at 250pps.Assuming agreed sales are completed, PCA will still have £8 million in cash following tender. £8.3 Million loan fixed at 2.9% until July 2026, secured on a single property. With very high yielding remaining properties. It seems inevitable dividend will need increasing to comply with 90% distribution rule. With the election out of the way in 4 weeks and possibly 2-3 interest rate cuts by the year end. I think NAV may well increase over next 12 months, in any case, they look a decent proposition. I paid 228p today. |
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