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Palace Capital Share Discussion Threads
Showing 276 to 297 of 300 messages
|New lease for print factory bringing in £282k per annum but not sure if still trading as web site but supposed to have backing of a hedge fund
big rise in rent to come in theory in 10 months time if it hasn't gone bust by then!
tried to access website but it didn.t work
so might bring an improved valuation
also The forum, Exeter was let in Novemebr and that comes on stream in early May generating a large increase in income especially as the company is already saving on empty rates
voids cot £110k per annum
rental income is £81k|
|not sure what above all means|
|Hm...I thought that too! Still, one can't fault the performance, indeed the outperformance versus ALL peers. Also the laudable dividend policy.|
|It's purely superficial, I know, but the CEO doesn't come across as particularly likeable imo.|
|Bscuit, I was thinking the same, Halifax, Northampton...no offence intended to either of those fine towns. I am not knocking either acquisition Halifax particularly good for shareholders, and a happy accumulator of the share.|
|Sinclair's last comment is fatuous. Any CEO would say that...|
|Thnx for that speedsgh - looks as though the upcoming NAV declaration may even exceed 430p...|
|New Stocktube video interview with CEO Neil Sinclair...
'We're still a bit under the radar', says Palace Capital's Neil Sinclair (10/4/17) - HTTPS://youtu.be/RZkW-0rMvk8
Neil Sinclair, chief executive of Palace Capital Plc (LON:PCA) tells Proactive's Andrew Scott: ''We feel the regions, particularly Manchester, Leeds and Liverpool and ultimately Newcastle … are going to grow and will continue to grow''.
Sinclair says their portfolio at the moment is worth around £180mln with debt of around £70mln giving them a net asset value of close to £110mln.
''We're conservative, we don't buy very often but when we do we really go for it'', Sinclair adds.
''We think we're unique because we only buy properties in the right towns and in the right places in the right towns''.|
|07 April 2017
Palace Capital plc
Palace Capital plc, the property investment company focusing on property outside London, has been informed today that the Sinclair Goldsmith Executive Pension Scheme, of which Neil Sinclair, Chief Executive, is the sole beneficiary, has yesterday and today acquired a total of 10,000 ordinary shares of 10p each in the Company ("Ordinary Shares") for an average price of 365p per Ordinary Share.
Following this purchase, Mr Sinclair's notifiable interest is 183,767 Ordinary Shares, equivalent to 0.73 per cent. of the Company's voting rights.|
|recent sales here, highlighted by an RNS and I presume will be in the final accounts
Stockport £1.55m reducing empty costs of £185,000
Leeds £2.15m loss of £173,000 pa of income
Maldon £3.9m loss of £375,000 pa of income
Total sales of £7.6m for a loss of £363,000 pa of income|
|I am good at that too SpectroACC
been watching FDBK but turned it down thinking they needed cash ,now look!!
nice to a directors buy here
nice yield and expecting an increase in final dividend
maybe some news on recent planning application and maybe a sale to go with it.
could release a serious amount of cash to reinvest in income producing assets.
first income from Dartford this month along with Exeter next month bodes well for rental income|
|I'm pretty good at calling the bottom on things. Unfortunately!|
|Hmm - t'would seem so - sorry!
Now 355p-360p on miniscule purchases. Expecting these to be c380p after the May update...|
|Fair to say I took the hit at the bottom!|
|Good luck - I don't rule out returning to them again - but Schroders for eg still got 13%, is a lot to find a home for if (if) they did want out. Is possible their selling just reflects eg Unit Trust redemptions but PCA not an obvious place to look for liquidity.|
|Specto - Sorry you've ducked out just 4weeks before the dividend & NAV confirmation. I obviously view these as a solid BUY!|
|Sold the lot of mine, not been a good purchase. The big sellers still hold more, though no idea if they'll want to sell more. Had to take under the bid on a few this morning but got inside for the other sells.
Not an expensive co but I'm awash with property ITs atm. Good luck holders.|
|(-).....or whatever comprises the smiley face symbol!!!|
|I've added.....though still below the 3% declaration level...|
|who is the buyer of all the shares?|
|Hargrave Hale reduced by 250k - below 5%.|
|wondered if they had sold as there was again some large trades thursday as posted|