We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Palace Capital Plc | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
-1.00 | -0.45% | 219.00 | 214.00 | 219.00 | 219.00 | 219.00 | 219.00 | 14 | 08:05:21 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 19.6M | -9.36M | -0.2493 | -8.78 | 82.63M |
Date | Subject | Author | Discuss |
---|---|---|---|
04/4/2023 08:33 | So why are the shares still stuck at 220p? As Abe Lincoln once said “You can fool some of the people some of the time etc” | alders15 | |
04/4/2023 08:09 | 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. | baner | |
31/3/2023 14:47 | the LTV is so low today there will be no problems with covenants, rest assured. personally i reckon NAV will be north of 300p - probably ca 320p. | baner | |
31/3/2023 11:15 | I believe "new" PCA were making progress but they have c55% of the debt now floating at avg 6.2% and exposed to anymore IR rises is hurting them. They must realise this as they regularly update on debt metrics with RNS which is good. However, the Sanatander facility is now at 6.38% and looks like this is the one they are paying down with proceeds from disposals & HQ sales but my estimate is IR cost have increased by c800k on an annualised basis. So this is neutralising any benefit from reduced admin costs so can't see a divi increase being on the cards. Anyhow hopefully the April trading update will give us a further update on where debt is now. There is potentially a risk any one of the five loan facilities could have an LTV issue and end up cash trapped as well depending on how much valuers bash property valuations down. @baner personally i reckon NAV will be sub 300p | nickrl | |
31/3/2023 07:57 | If we are talking about savings. The two former directors have retired and there bonuses have been paid. Also savings have been made on overheads especially moving headquarters in London. | poacher45 | |
31/3/2023 06:57 | The 400p will come from the shares bought back at the prevailing market price, adding substantially to the nav of the remaining shares. If you assume the Update nav is 320p and you buy shares back at 220p, there is a 100p/share ”profit” per share, that adds to the nav of the remaining shares. As simple as that. | baner | |
31/3/2023 00:12 | I think debt paydown is a better use of proceeds given the risks to UK commercial real estate values. | pdosullivan | |
30/3/2023 22:30 | Where do you get 400p from? The NAV at the end of September was 356p. This is likely to be reduced quite a bit, although we may know more from the Trading Update due next month. If you think we are going to get 400p why are you not buying any shares you can get your hands on? You would virtually double your money. | alders15 | |
30/3/2023 19:26 | Hard to believe those flats at Hudson Qtr are still around. They've literally been right through a property boom! | spectoacc | |
30/3/2023 18:42 | POACHER MANY THANKS FOR (HOPEFULLY) CLARIFYING TO ALDERS !!! ALDERS: GROSS INCOME WILL BE REDUCED AS ASSETS ARE SOLD, FOR SURE. BUT THEN, CENTRAL COSTS WILL BE REDUCED WHILE SHARES WILL BE BOUGHT BACK AND/OR CASH DISTRIBUTED SO THAT FREE CASH FLOW/REMAINING NO OF SHARES WILL POTENTIALLY INCREASE - WHAT IS IT YOU DO NOT UNDERSTAND ? EVENTUALLY THERE MAY WELL BE 400P TO PAY OUT TO THE REMAINING NO OF SHARES - THIS IS A SUPERB RISK/REWARD IN MY VIEW. MAYBE YOU HAVE BETTER INVESTMENTS TO CONSIDER IN WHICH CASE YOU ARE TO BE CONGRATULATED. | baner | |
30/3/2023 15:05 | Flats at Hudson Quarter are not income producing so this money could be used to buy shares back. Selling assets at balance sheet value and buying shares back at 40% discount to asset value seems a good deal to me. | poacher45 | |
30/3/2023 08:47 | Yield is under threat as income producing assets are sold, whilst liquidation in a downturn will mean reduced expectations on prices to be achieved. Remember the old saying "Buy when people are selling and sell when people are buying." | alders15 | |
30/3/2023 06:43 | Palace increase the buy backs - i guess they make almost £1/share they can buy back and eventually cancel. Looks really good for those patient shareholders who stay in: 7-8% of dividend yield and then a good chance of 50% uplift in the share value once assets are sold. Not much downside given the low gearing and strong cash flow. | baner | |
29/3/2023 08:55 | Alders - what do you mean with ”as with the current policy”… | baner | |
27/3/2023 17:34 | He may have bought weeks ago but he would not have had to announce.He is sticking in there as with the current policy there would unlikely to be a buyer for any significant amount of his shares except the Company. | alders15 | |
27/3/2023 13:08 | Alders that maybe the reason for triggering the need to issue an RNS but there was a difference between the total shares held between the two RNS 21/3/23 4868393 shares 12/7/22 4725000 shares Anyhow at least hes sticking in there | nickrl | |
27/3/2023 11:51 | Unlikely to be the case. He announced because he went through the 11% threshold due to the share buyback. | alders15 | |
22/3/2023 21:08 | he had more shares than his previous RNS so i take that as an increase | nickrl | |
22/3/2023 20:49 | He (Peter) issued an RNS so I guess he bought some. The company bought back what they bought back. The two, in my humble are unconnected. He was however buying more of the company per share if the company was buying back. | konradpuss | |
22/3/2023 13:33 | I do not think he has bought any. The number of shares in issue have reduced. | alders15 | |
21/3/2023 17:44 | Peter Gyllenhammar has made a modest stake increase | nickrl | |
15/3/2023 07:03 | Dividend Declaration Palace Capital announces that it will pay a quarterly dividend, in respect of the three months ended 31 December 2022, of 3.75 pence per ordinary share. The dividend will be paid on 14 April 2023 to shareholders on the register as at 24 March 2023. The ex-dividend date will be 23 March 2023. The entire dividend will be paid as a Property Income Distribution. The Company intends to provide a trading update in April in relation to the year ending 31 March 2023, ahead of its full year results for the same period, which are expected to be announced on or around Thursday 15 June 2023, with the date to be confirmed in due course. | cwa1 | |
09/3/2023 22:20 | If last year is anything to go by, we should be getting a Trading Update next month. I am keen to see the dividend at least maintained. Personally I am disappointed that the cash accumulated at the end of the last financial year was not reinvested in attractive opportunities to grow the income and therefore the dividend. A golden opportunity missed in my view but we are where we are. | alders15 | |
07/3/2023 16:42 | Alders, the selling down of assets has been paused in the current market conditions. Nevertheless I tend to agree with you that the previous management left the company in a secure position | makinbuks | |
07/3/2023 14:10 | @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. | nickrl |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions