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
  -8.00 -3.28% 236.00 37,517 16:35:19
Bid Price Offer Price High Price Low Price Open Price
243.00 252.00 244.00 243.00 244.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 17.32 -5.53 -12.00 109
Last Trade Time Trade Type Trade Size Trade Price Currency
17:47:44 O 4,513 236.32 GBX

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Date Time Title Posts
10/9/202107:10Palace Capital (PCA) - Action soon?834
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
2021-09-17 16:48:22236.324,51310,665.12O
2021-09-17 15:35:50236.001,0222,411.92AT
2021-09-17 15:35:50236.00153361.08AT
2021-09-17 15:35:19236.003,4808,212.80UT
2021-09-17 15:29:58243.0069167.67AT
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Palace Capital (PCA) Top Chat Posts

Palace Capital Daily Update: Palace Capital Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker PCA. The last closing price for Palace Capital was 244p.
Palace Capital Plc has a 4 week average price of 238p and a 12 week average price of 238p.
The 1 year high share price is 275p while the 1 year low share price is currently 180p.
There are currently 46,288,928 shares in issue and the average daily traded volume is 14,396 shares. The market capitalisation of Palace Capital Plc is £109,241,870.08.
cwa1: Dividend Declaration 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 30 June 2021 of 3 pence per ordinary share. The entire dividend will be paid as a Property Income Distribution. The dividend will be paid on 15 October 2021 to shareholders on the register as at 24 September 2021. The ex-dividend date will be 23 September 2021.
baner: igbert that was indeed a good reason..........! maybe lack of progress in York explains the terrible share price, however if so, that seems to be overdone: the discount to NAV is approx £50m and maybe they need to give away a £5m discount to get rid of the remaining flats?
pdosullivan: Management has talked about swooping on accretive opportunities post-COVID, but the ongoing strength in commercial property prices as evidenced by PCA disposals suggests to me that a buyback makes more sense here.
pdosullivan: Interesting to see yet another better-than-book-value non-core disposal from Palace Capital today yet the share price of £2.47 sits well below the end-March 2021 EPRA NTA of £3.50.
baner: the "support" of the BOD - which indeed is not strong - is very likely conditional upon some drastic change being implemented here: the remuneration policy is an absolute scandal, the total central costs absolutely horrible and the refusal to buy back shares highly confrontational given the "mediocre performance" of the company. if this Board and management wants to stay on, they clearly now need to deliver the asset value of the company to its owners - either by liquidating the company, selling it or getting the share price right one way or another.
baner: Interesting to register the complete lack of reaction in the share price. Clearly today´s announcement was not enough - Sinclair must go with the Chairman and central costs must be very dramatically reduced, while share buy back program should be triggered. NAV is 350p—ish and shares 30% below that - How can the BOD defend not buying back shares?
cwa1: Chairman retirement and strategy update:- Chairman retirement & strategy update Palace Capital (LSE: PCA), the Main Market listed property investment company that has a portfolio of UK commercial real estate in the regions, with a focus on the office and industrial sectors today announces that after 11 years with the Company, Stanley Davis, Chairman & Co-Founder has advised the Board of his intention to retire on 29 October 2021. A search for his successor has commenced and a further announcement will be made in due course. The Company also today announces further detail on its future strategy, which was highlighted in the annual results published on 8 June and in the announcement of 19 July. Chairman Retirement Stanley has served as Chairman of Palace Capital since 2010 when he and Neil Sinclair formulated a strategy to invest in the regional property market and in this time, he has orchestrated its transformation into a Main Market listed REIT with a GBP275m portfolio. Palace Capital is focused on its strategy for the portfolio to close the share price discount to NAV. Stanley believes this is the appropriate time to bring in a new chairman to work on the strategy with the Board and he remains completely supportive. Palace Capital Strategy As a UK REIT, the Company is in the process of repositioning the portfolio to ensure the appropriate balance of income and value-add opportunities, which provide a steady and consistent income to shareholders, whilst also providing capital growth. As stated in the annual results, rent collection in the last financial year averaged 95% and the Board expects to sustain this level throughout the current financial year. At the same time, the Board will take steps to address the cost base to make it more efficient for the size of the Company. Palace Capital will prioritise investment in the office and industrial sectors in carefully selected locations outside of London. The team will continue to utilise its strong regional network and asset management expertise to identify, acquire, and refurbish assets where appropriate, to make the space fit for purpose, with a particular regard to the growing need for buildings to satisfy improving EPC ratings. Aligned to this, the Company will continue to execute its previously announced disposal programme with GBP9.4 million of disposals secured since the start of the current financial year. Palace Capital is prioritising this disposal programme as well as the sale of the apartments at Hudson Quarter, York to recycle capital into new opportunities. The Company believes the next 12 months will provide the opportunity to release more value from its existing portfolio and build on the strong prospects for growth in the regions.
baner: it seems sinclair et al are totally uninterested in the PC share price. which explains the continued steep discount to the NAV. also massively excessive admin costs are a significant burden on the share price - action required here.
baner: or is Sinclair announcing his "retirement" very soon? that no doubt should be what really could kick the share price north!
spectoacc: Ramper Tommo gave it a mention in yesterday's IC, one of his 3 write-ups (a Buy, needless to say). Agree @baner - if Sinclair thinks there'll be "bargains" in 18 months or so, what will PCA's share price look like in that market. And would the bargains honestly be at a bigger discount to PCA's shares. And would he issue new shares to buy them. Hudson Qtr turning into a bit of an elephant - 77 is a lot still to sell, considering how rampant the housing market's been.
Palace Capital share price data is direct from the London Stock Exchange
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