Palace Capital Share Discussion Threads

[baner] 25/3/2022 09:44

I think EGM require only 5% ? Never mind, i guess most, if not all, PC shareholders are totally fed up with Sinclair et al……R30;.so only a matter of time before he is ousted. That will be a great day of liberation for all PC shareholders!

[spectoacc] 25/3/2022 09:33

Over 10% takes him into EGM territory - not usually his style, but may be sufficiently fed up of Sinclair by now.

[nickrl] 25/3/2022 09:31

Indeed PG moving up to 9.24% is positive. Wonder if he's buying in the market or picking up from other major holders

[cwa1] 25/3/2022 09:24

Some positive news(IMO):-

[m_kerr] 22/3/2022 21:02

this is very cheap. IMV there's now a significant gap between what stock market investors and real world buyers of this sort of property are valuing these assets at.

in the real world, debt remains very accessible and cheap, institutions and private equity have a tonne of uninvested capital, and retail parks in particular have bottomed out and are now rising again. offices is a bit more murky, but palace have had no problem disposing of assets this year at above book value. with LTV in the 35% range, continuing to fall as a result of residential property sales, this is a very cheap and low risk stock IMV.

[baner] 21/3/2022 13:12

a 33% discount to NAV means the shares should increase 50% in order to reach its NAV - a simple way to achieve that could be for the company to buy back its shares.........it is a mystery Sinclair is not doing so.

[hugepants] 20/3/2022 17:43

They could do. It's encouraging seeing the likes of Gyllenhammar and this Harding character building stakes.
PCA is currently on a 33% discount and the well covered dividend produces a yield of 5.3%. About 25% of the NAV is the Hudson Quarter flats which are not generating any income so plenty of scope for the dividend to increase when these are sold and proceeds reinvested.

[baner] 16/3/2022 20:00

unicorn will look VERY stupid shortly.

[cwa1] 16/3/2022 16:02

And Unicorn are out:-

[poacher45] 15/3/2022 19:07

baner that just shows you why you why you are not a fund manager.

[nickrl] 15/3/2022 18:53

Perhaps PG&DH can club together to bring some needed change here

[baner] 15/3/2022 14:42

"A Winton Capital......" - nickrl, this is one of the more succesful investors in the market - David Harding! this is very good news for PC shareholders as no doubt mr Harding will not accept that his investment is managed by a mediocre team as that of Neil Sinclair et al. most encouraging!

[cwa1] 15/3/2022 14:41

Well that explains one/some of the trades yesterday as it weighs in at 3.7M as a total holding now

[nickrl] 15/3/2022 14:23

A Winton Capital Management Ltd has cropped up witj just 8%. Possibly another holder selling down?

[sphere25] 15/3/2022 10:06

Interesting exchanges here yesterday:

3 x 3.7m @ 241.2p
1m and 2.7m @ 240p

It looks like stale bulls (maybe bears now?) have found buyers in size for their shares with volumes going stratospheric. Possibly one to keep an eye on to see if sellers have been cleared here.

The spread is a pain and very illiquid too so maybe worth watching the book first to see if it builds with any significant buy orders and 250p gets under threat.

Absolutely nothing has happened so far but notable moves by the bulls and bears on each side of the exchanges here.

All imo
DYOR

[baner] 15/3/2022 08:02

The Maidenhead acquisition was outright stupid. Sinclair is keen to spend cash in order to make the company less attractive for predators and also ”justify”; the absurd spending on central costs. That is why this was bought. Shameful and really bad of the BOD to support this.

[cwa1] 15/3/2022 07:32

Dividend Declaration and Market Update

Palace Capital (LSE: PCA), the Main Market REIT that has a UK regional commercial real estate portfolio focused on the office and industrial sectors in carefully selected locations outside of London, is pleased to announce that it will pay a quarterly dividend, in respect of the three months ended 31 December 2021, of 3.25 pence per ordinary share.

The dividend will be paid on 15 April 2022 to shareholders on the register as at 25 March 2022. The ex-dividend date will be 24 March 2022. The entire dividend will be paid as a Property Income Distribution.

The Company intends to provide a market update in April in relation to trading for the year ending 31 March 2022, ahead of its full year results for the year ending 31 March 2022 which are expected to be announced on or around Tuesday 14 June 2022, with the date to be confirmed in due course.

[konradpuss] 15/3/2022 05:13

Buywell, I have said it before. Not a good use of company money.

Definition of a safe investment - one you have not seen the problems with.

This fits the definition well.

[buywell3] 14/3/2022 21:53

Ref 22 Market St Maidenhead

35 pounds a sq ft seems to be the going rate now



office space Maidenhead | 22 Market Street

www.22-marketstreet.co.uk



One wonders if office lets is now the way to go with home working seeming to now be here to stay

Was this a good use of 10 million and was it acquired fully let out ?

Would anyone like buywell to put up a 10 year chart with some lines on it ?

Warning --- it is not for the faint hearted

[baner] 14/3/2022 21:23

No one will have invested in this in order to protect Sinclair - who clearly is not concerned about shareholders. He will be out within a couple of months maximum.

[konradpuss] 14/3/2022 20:52

Well, I cannot call this one. Sinclair will just not step aside and Peter has never, to my recollection, instigated a hostile bid.

I am still on the side lines for now.

[hugepants] 14/3/2022 19:29

Looking at the volume has Gyllenhammar bought more today?

[poacher45] 14/3/2022 18:57

With Hudson Quarter the asset value is more like £4.60p.

[jbarcroftr] 14/3/2022 17:46

Well my modest holding could be available at 320 p

[baner] 14/3/2022 16:08

good volume in Palace stock today - looks like a predator is starting to move..........shall we expect a cash bid at 290p+ shortly?