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PCA Palace Capital Plc

223.50
2.50 (1.13%)
30 Dec 2024 - Closed
Delayed by 15 minutes
Palace Capital Investors - PCA

Palace Capital Investors - PCA

Share Name Share Symbol Market Stock Type
Palace Capital Plc PCA London Ordinary Share
  Price Change Price Change % Share Price Last Trade
2.50 1.13% 223.50 16:35:22
Open Price Low Price High Price Close Price Previous Close
219.00 219.00 219.00 223.50 221.00
more quote information »
Industry Sector
REAL ESTATE INVESTMENT & SERVICES

Top Investor Posts

Top Posts
Posted at 18/11/2024 19:10 by pdosullivan
It is a real shame that the previous management team did not sell off all of the apartments to a PRS investor.
Posted at 17/6/2024 09:29 by camerongd53
I think that the proposed buybacks is good in that it returns surplus money back to shareholders.

Very small shareholders who hold say 100 shares or less should be allowed to tender all their shares as it wwould reduce admin cost for dealing with small investors.


I would have thought share buybacks in the market would be better and more efficient and just as transparent.
Posted at 31/1/2024 15:45 by jbarcroftr
ST of investors Chronicle will soon be publishing his Bargain shares portfolio.It wouldn’t be a surprise to see PCA included
Posted at 15/8/2023 06:30 by baner
If you look at the shareholder structure i very much doubt these investors will not stay in for the grand final - 350p or so. Why give the upside away to someone else? I have no Idea who has been selling recently - probably someone needing the money.
Posted at 04/8/2023 08:48 by poacher45
Maidenhead was a poor sale price:-

Market House in Maidenhead, by contrast, failed to sell – with some bids thought to have come in well under half the £39m that Tesco’s pension fund paid to buy the building in 2014. Even though the property is only 13 years old, investors were factoring in significant investment to bring the building up to modern standards.
Posted at 22/4/2023 06:33 by alders15
I have held shares since the early days. Sinclair drew no salary at the beginning in 2010, drew a small one in 2011 and waited until they did the very profitable Quintain deal in 2013 before there was anything meaningful. At that time he put in a quarter of a million pounds of his own money and then further monies when they acquired PIH in 2014. If you look at the records he also bought further shares in the open market.

Sorry, but someone has to defend him against these inaccuracies, especially as the current Board have hardly any shares. On his leaving last June, the Investors Chronicle commented that he left the company in good shape. Why the criticism?
Posted at 04/4/2023 08:09 by baner
assuming a NAV of 320p, PC yesterday made £75k for its remaining shareholders when buying back 75k shares. a licence to print money ! yesterday´s announcement of the take over of a REIT focussed on industrial properties by a US investor was indeed encouraging - indicating the transaction market is again alive. this will allow PC to accelerate the implementation of its declared strategy: an orderly sale of the assets and a distribution of the net proceeds to shareholders - by share buy backs at a discount to NAV and thus further increase the NAV/share, and eventually probably also a cash distribution pro rata. meanwhile, there is a sound dividend paid out from a lowly geared PC. smashing risk/reward!it seems the new chairman mr Owen is a very safe pair of hands responsible for this implementation.
Posted at 07/3/2023 14:10 by nickrl
@Alders my gripe remains that Sinclair and the FD received far too much compensation and they shouldn't have gone if that was the price but it was a couple of the big shareholders that forced the issue not a small time investor like me. Hope you looked at the incentive scheme the pair of them were on they were more than rewarded against achieving those outcomes by the way and they were already running asset sales themselves to get LTV down. As i acknowledge HQ is good investment and its free cash from whatever's left on the books.
Posted at 27/1/2023 07:06 by konradpuss
banner, I am suggesting many investors and the market generally has not priced in structural obsolescence which in part reflects the EPC ratings. In respect of offices there is a slow train crash going on. You have a major shift down since COVID in demand to the best in less quantities and less commitment being offered by occupiers, to serviced or small suites with short leases and big BREAM excellent kit. LSH are the only agents to trumpet this. The big boys (JLL etc.) will not as this would upset their big clients.

If you look back to my posts here, when Sinclair bought that last 'safe' office investment I called this all out then.

Slow train crash I tell you as all leases do not end this a.m. I speak from first hand experience owning some of this stuff which luckily has an alternative residential use. Some office property will prove very costly and difficult to repurpose and will not be economically viable especially that in doggy locations. I am also unfortunately a valuation surveyor - non practicing thank God.
Posted at 19/10/2022 18:02 by baner
Excellent news - Harwood are AAA competent investors.