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 Shares Traded Last Trade
  1.00 0.36% 279.00 42,613 16:35:04
Bid Price Offer Price High Price Low Price Open Price
271.00 280.00 280.00 278.00 278.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 18.75 6.43 11.30 24.7 128
Last Trade Time Trade Type Trade Size Trade Price Currency
17:44:02 O 50 280.028 GBX

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Date Time Title Posts
19/10/201915:01Palace Capital (PCA) - Action soon?597
03/6/201808:03Palace Capital (PCA) One to Watch Monday -
22/11/201613:12Palace Capital presenting at ShareSoc Supper, Manchester-
25/10/201613:10Palace Capital1

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Palace Capital (PCA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-10-18 16:44:03280.0350140.01O
2019-10-18 15:35:04279.00219611.01UT
2019-10-18 15:29:46279.105,00013,955.00O
2019-10-18 15:29:23280.0054151.20AT
2019-10-18 15:28:48279.105,00013,955.00O
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Palace Capital (PCA) Top Chat Posts

Palace Capital Daily Update: Palace Capital Plc is listed in the Nonlife Insurance sector of the London Stock Exchange with ticker PCA. The last closing price for Palace Capital was 278p.
Palace Capital Plc has a 4 week average price of 262p and a 12 week average price of 262p.
The 1 year high share price is 330p while the 1 year low share price is currently 262p.
There are currently 45,883,249 shares in issue and the average daily traded volume is 59,164 shares. The market capitalisation of Palace Capital Plc is £128,014,264.71.
hugepants: 6.7% yield and near 30% discount to NAV at current share price. Given a low exposure to retail of only 15% this looks undervalued. This converts to a REIT next Thursday and they do expect to see tangible benefits; "We expect REIT conversion to increase liquidity in our shares through unlocking new pools of capital, improve earnings through elimination of the tax charge on rental profits and increase our net assets through elimination of deferred tax liabilities." and "The Company's plans to convert to a UK REIT, and the potential benefits, are set out on page 27 of the Report. The Group currently pays UK income tax on its net rental income, after deductions. Its estimated UK tax liability for recurring earnings for this year is £1.0 million. Following REIT conversion we expect this tax liability to be reduced to zero, as the bulk of the Group's activities will fall within the REIT exemption. Conversely, if the Company did not join the REIT regime, we would expect the Group's tax liability to increase as the Group continues to grow."
riverman77: Yes rather lacklustre results. Nav around 3.5% lower than 6m ago. Makes a mockery of the incredible value they banged on about in the Warren portfolio purchase that necessitated the deeply discounted placing, and which has weighed on the share price ever since.
peterjw: Tomps2 Thanks for the link .. very interesting. Any thoughts about the share price movement taking place in the last few days?
peterjw: Thanks for everyone's input. I hold pca by the way. I will follow up your links. On the face of it I think they look shrewd and HQ ought to be successful.i am not sure why their share price has languished though? Perhaps because they are new to the main markets and iĺliquid. Great to have positive input and let's push for them to do well.
skyship: Peter - on 19th September last year PCA made a large acquisition funded by a placing of 20.6m shares at 340p inc. a 9.5p dividend for the 6m period to 30th September - ie the dividend not earned by the new holders, so the actual net placing price was 330.5p - a 14% discount to the 385p share price. Needless to say the shares plunged. It was an appalling pre-emption deal done to satisfy Sinclair's ego - he wished to be CEO of a main LSE-listed propco rather than an AIM listed propco. He made a big thing about that aspect. The City never forgets; and until Sinclair has gone PCA will always have that deal round its corporate neck!
cwa1: UPDATE:-
ntv: 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: 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 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: As at 31 March 2017, RT Warren had net assets of GBP58.9 million, principally represented by property assets of GBP77.0 million and the Barclays Loan of GBP14.5 million. Rental income for the year ended 31 March 2017 was GBP3.6 million and profit after tax was GBP5.3 million, after administrative costs of GBP0.6 million, which are not expected to continue after completion of the Acquisition. so they are only getting a 5% return before any asset growth cost of dividends on the shares exceed the return on the assets bought so where is the logic in the purchase unless there is something they are not telling us the cost of dividends is exaggerated in the first year is the new holders get a chunk of dividend early agree with skyship it is all about the ego instead of slow steady growth. that is why a lot of real estate are just standing still most need busting up just look at BLAND share price hardly moved for years for long term holders divi 5% big discount small is better lean and mean property machine is what you need hope bassi don't change things at rle
tomps2: VIDEO of CEO, FD and Director presenting at ShareSoc Richmond, November 2016 hTTp:// Following Brexit PCA share price suffered, but NAV hasn't been affected. Management talk through the history, the business model, and future plans. Since this was filmed, H1 results have been released.
Palace Capital share price data is direct from the London Stock Exchange
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