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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% | 248.00 | 16:35:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 245.00 | 237.00 | 245.00 | 248.00 | 248.00 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Top Posts |
|---|
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 07:30 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 09:48 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 07:33 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 09:09 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 20/10/2022 12:47 by cwa1 Director DealingPalace Capital announces that Matthew Simpson, Chief Financial Officer, today purchased 8,471 ordinary shares of 10p each at 236.094p per share. |
Posted at 19/10/2022 19:02 by baner Excellent news - Harwood are AAA competent investors. |
Posted at 30/5/2022 18:36 by m_kerr many REITs are heavily promoted to retail investors, many of whom don't ask difficult questions, or take whatever management say at face value, and there's very little accountability.management are often very promotional, and they would have sold a lot of equity telling investors who don't do any research that they have inflation protection. if management don't have any skin in the game and so only have an interest in maximising their salary (usually this means they favour raising equity ahead of per share NAV returns, and are reluctant to be taken over if it means they lose their job), it's even more important to exercise independent judgment. |
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