Share Name Share Symbol Market Type Share ISIN Share Description
Palace Capital LSE:PCA London Ordinary Share GB00BF5SGF06 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +4.00p +1.22% 331.00p 328.00p 334.00p 331.00p 328.00p 328.00p 112,410 11:14:33
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 14.3 12.6 36.6 9.0 151.73

Palace Capital Share Discussion Threads

Showing 401 to 424 of 425 messages
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older
DateSubjectAuthorDiscuss
19/1/2018
08:07
Conviction purchase sizing? he Board of Palace Capital has been notified that Stanley Davis, Non-Executive Chairman of the Company, on 18 January 2018, purchased 100,000 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 330 pence per Ordinary Share. As a result of this purchase, Mr Davis interest in the Company is 1,665,287 Ordinary Shares, which represents approximately 3.63 per cent. of the voting rights over the Company's share capital.
cwa1
14/1/2018
20:38
i won't be voting for him to be re-elected that is for sure at the next AGM. i hope other persons will follow suit share price got to move 20% now just to get back where we were a months ago
ntv
14/1/2018
20:15
I did quite like the portfolio before for which credit was given to management and at 430p NAV I was quite happy. Disappointed at every turn with subsequent events and feedback. Previously Palace were quite active on the PI presentation circuit with Share Soc and Mello. I hope they have something better to say next time they leave the office to talk to us, else they will be skinned by Q. Any views how they might fund the substantial York development? More equity must be out leaving a JV, debt or sale off, none of which will really help the share price
steve3sandal
14/1/2018
18:25
I agree -shafting shareholders is totally unreasonable and using red tape as an excuse makes it worse.
davebowler
14/1/2018
17:38
PRE-EMPTION is these days a very dirty word in the Investor Lexicon - & PCA did it in spades by placing shares at 340p versus the pre-acquisition NAV of c430p! They also disguised through omission the fact that new shareholders were also given a 9p dividend which they hadn't earned; so the actual placing price was even lower - 331p. They destroyed shareholder value. Take a look at NRR, EPIC & RGL to see great deals where stock was placed at close to NAV, at NAV or even at a premium to NAV. Sinclair even had the unmitigated gall to say to me that the low level of permitted shareholder participation via the rights element, was due to EU legislation not permitting a higher level. Total and utter cr*p!!!
skyship
14/1/2018
09:43
Not much of cracking deal for small shareholders who have watched the share price faLloyd 20% going to take a long time to convince holders they won'the get diluted again.buy a for results and dividend and then dump. Still management can justify the purchase all they like but is all in the falling nett a set value. Makes them a shorting target as well now. Still no news on Hudson house the supposed £14m development with no income
ntv
13/1/2018
10:21
Hi Skyship we share several holdings in several property shares. I think you are being too hard on the Palace directors over the past few years they have bought several properties and successfully turned them around. They have some exiting projects just about to start. As they said this latest project is a very big step. What would you rather them do issue more equity which they did or take on a large amount of debt or not bother to expand at all and just let the company stagnate. No pain no gain.
poacher45
05/12/2017
10:26
mm, it seems to me, that the benefits of the increased scale will actually accrue to the directors and management, as their compensation is increased to "reflect the complexity of running a bigger company"!
llef
04/12/2017
14:42
FWIW Edison have issued a note this morning(might need to be registered):- http://www.edisoninvestmentresearch.com/research/report/palace-capital504072/full Snippet(don't shoot the messenger!!) Valuation: Attractively priced with upside potential With a fully covered prospective yield of 5.7% and a 15% discount to FY18e NAV per share, Palace shares appear to have factored in the near-term dilution from the recent capital increase but not the potential benefits to emerge from the acquisition and increased scale.
cwa1
04/12/2017
14:02
Think you're all getting rather excited. They can't restate the NAV properly (certainly not to pass the auditors) without revaluing the newly acquired assets, which they won't want to do until they've had a good look at them.
igbertsponk
04/12/2017
13:32
Of course; but that crucial information should be stated under the subsequent events.
skyship
04/12/2017
12:20
Skyship,wouldn't the accounts have been completed before acquisition!!
contrarian joe
04/12/2017
11:08
Total obfuscation - an appalling statement. Nowhere does it state the actual NAV of c385p post the massively diluting effect of the 340p placing and the 9p dividend to the new placees - this last unearned as it was for the 6months ended before the placing. Ie the true placing was at 331p - NOT 340p. At 340p the discount is a mere 12%. Given the BoD's now poor reputation, that discount is likely to increase through a further fall in the share price
skyship
04/12/2017
09:50
CWa this is a slightly misleading headline. NAV was substantially diluted by the recent heavily discounted fund raise. Not got my notes with me, just didn’t want anyone thinking this is on. £1 discount.
steve3sandal
14/11/2017
14:59
you now buy well below open offer price, on its way to test support level at 320 ?
ntv
08/11/2017
06:04
Has it bottomed out now?
brentcapital
24/10/2017
11:30
Maybe going to test support levels around 320 mark ?
ntv
16/10/2017
13:25
LEASE RENEWED but no RNS Palace Capital secures lease renewal on Farnborough Job Centre 16/10/2017 13:18 (ShareCast News) - Commercial property investment company Palace Capital announced on Monday that it has renewed the lease on Princeton House, on Victoria Road in Farnborough, Hampshire. The AIM-traded firm said Princeton House, which was acquired as part of the Property Investment Holdings portfolio in August 2014, is an 8,300 square foot office building, currently used as a Job Centre, and was let to Trillium Prime Property Group until 1 April 2018 at a rent of £75,299 per annum. A lease renewal had now been concluded with the Secretary of State for Communities & Local Government, the company explained. The new lease is for a term of 10 years from 2 April 2018, with an option to break at the end of the fifth year. Palace said the rent was £93,334 per annum, exclusive for the first year, rising to £140,000 per annum exclusive from year two until the end of the fifth year. If the lessee does not break at the end of the fifth year, there would be an upward only rent review based on the increase in the consumer price index. "We are delighted that we have renewed this lease in a growth town to an undoubted covenant," said chief executive Neil Sinclair. "This demonstrates how, by using our active management skills, we continue to enhance Palace Capital's income."
ntv
10/10/2017
17:31
davidosh - I've sent you a private message - as I'm sure you know - the envelope at top left-hand corner, next to the ADVFN logo...
skyship
10/10/2017
16:26
Bought in this morning on the premise "that they will learn from this".My sympathies are with private investors who have bought higher up,(been well shafted).
contrarian joe
10/10/2017
16:21
Did anyone attend the meeting and ask a few questions as to why ??
davidosh
10/10/2017
10:18
might go sub 3.40 as bigger discounts in rest of sector
ntv
08/10/2017
11:51
Following on from my post no. 367 I spoke to the brokers and they said that all but 2 of the residential properties was on an assured tenancy.
davebowler
07/10/2017
18:22
Share the general dissatisfaction with the discounted entry and NAV hammering for new institutional money. In the event I went for an extra 25% at their 340p, effectively 330.5p and of course I got them all. Felt my best way to get even was get more on their terms. Board now under the spotlight to perform here and come up with a structure to fund Hudson House buildout without really being able to pass the hat round anytime soon. I guess a Hudson JV next which shares upside again. I am hoping there are a few gems in the new portfolio. Being paid to wait.
steve3sandal
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older
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