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| 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
|
|
|---|---|---|---|---|---|
| 2.00 | 0.87% | 232.00 | 34,333 | 16:35:19 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 221.00 | 231.00 | 232.00 | 225.00 | 230.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Agents & Mgrs | 33.3M | -35.7M | -0.8262 | -2.74 | 97.67M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 17:46:59 | O | 122 | 229.011 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 04/12/2023 | 16:00 | UKREG | Palace Capital PLC Result of General Meeting |
| 16/11/2023 | 10:43 | ALNC |  UPDATE: Palace Capital sheds CFO to save cash, as interim loss narrows |
| 15/11/2023 | 15:15 | UKREG | Palace Capital PLC Holding(s) in Company |
| 15/11/2023 | 11:38 | ALNC | Palace Capital gets rid of CFO to maximise cash to shareholders |
| 15/11/2023 | 07:02 | UKREG | Palace Capital PLC Notice of General Meeting |
| 15/11/2023 | 07:01 | UKREG | Palace Capital PLC Directorate Change |
| 15/11/2023 | 07:00 | UKREG | Palace Capital PLC Interim Results |
| 17/10/2023 | 15:00 | UKREG | Palace Capital PLC Director/PDMR Shareholding |
| 14/9/2023 | 06:00 | UKREG | Palace Capital PLC Dividend Declaration |
| 06/9/2023 | 06:00 | UKREG | Palace Capital PLC Transaction in Own Shares |
Palace Capital (PCA) Share Charts1 Year Palace Capital Chart |
|
1 Month Palace Capital Chart |
Intraday Palace Capital Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 15/11/2023 | 20:58 | Palace Capital (PCA) - Action soon? | 1,329 |
| 03/6/2018 | 07:03 | Palace Capital (PCA) One to Watch Monday | - |
| 22/11/2016 | 13:12 | Palace Capital presenting at ShareSoc Supper, Manchester | - |
| 25/10/2016 | 12:10 | Palace Capital | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2023-12-08 17:46:59 | 229.01 | 122 | 279.39 | O |
| 2023-12-08 16:35:19 | 232.00 | 342 | 793.44 | UT |
| 2023-12-08 16:12:06 | 226.00 | 8 | 18.08 | AT |
| 2023-12-08 16:12:06 | 226.00 | 176 | 397.76 | AT |
| 2023-12-08 16:12:05 | 226.00 | 4,500 | 10,170.00 | AT |
| Top Posts |
|---|
Posted at 09/12/2023 08:20 by Palace Capital Daily Update Palace Capital Plc is listed in the Real Estate Agents & Mgrs sector of the London Stock Exchange with ticker PCA. The last closing price for Palace Capital was 230p.Palace Capital currently has 43,215,295 shares in issue. The market capitalisation of Palace Capital is £97,666,567. Palace Capital has a price to earnings ratio (PE ratio) of -2.74. This morning PCA shares opened at 230p |
Posted at 15/11/2023 09:57 by baner NickrlU r absolutely right however the number of shares is coming down, mitigating the reduction in divi per share. Well done to the BOD who quickly took gearing down to next to nil, so that Palace will weather any possible storm in the market. |
Posted at 15/11/2023 07:32 by pdosullivan Reassuring results from PCA today. Better than book value disposals and share buybacks at a discount to NAV result in an end-September NTA of 294p a share. A tender is under consideration. |
Posted at 23/9/2023 20:04 by skyship Been very quiet here. PCA again looking good value; but why are we back to 235p? Any ideas? |
Posted at 14/8/2023 08:54 by pdosullivan I can see merit in the arguments that both yourself and Alders15 are making. I am long PCA and hope the better than book value buybacks plus a stabilisation in UK commercial real estate prices mean a final distribution well above 300p. But if PCA is selling off its remaining Crown Jewels and other sales are sub book value and/or UK commercial real estate values crater then the current price makes sense. It is a binary call. |
Posted at 08/8/2023 19:07 by konradpuss Banner, was it you buying today?Share price up circa 20p. |
Posted at 02/8/2023 08:48 by baner The HQ flats are not really that important any longer - now that PC is debt free and these flats represent maybe 5-7% of the remaining assets. Maybe PC should accept a 10% discount on these flats and use the proceeds to buy back its shares at a 25% discount to the NAV - that makes a lot of sense. PC looks increasingly sound from a risk/reward point of view and it would not surprise if the management eventually get a well deserved maximum bonus - in which case there is a 50% upside in the share price from today´s level. Plus the dividend. Not bad in a 12-24 months perspective. |
Posted at 02/8/2023 08:40 by makinbuks Aren't PRS funds focused on affordable housing rather than high end city centre flats. I have said here before that PCA could rent them out and sell off one at a time. I have seen that strategy deployed in a slow market. Makes the development look more attractive to buyers as its "completed". Someone might make them a low ball offer for the remaining units on that basis |
Posted at 01/8/2023 20:21 by pdosullivan Appreciate that hindsight is 20/20, but PCA really should have sold the apartments at Hudson to a PRS fund. Leaving aside the more recent challenges in the U.K. market, such a sale structure would have unlocked a far faster recycling of capital. |
Posted at 09/5/2023 16:00 by cwa1 Tipped by Thommo in the chronic...Deep share price discount to NAV The deep share price discount partly reflects the fact that Palace will have to commit significant capital expenditure to upgrade its assets to meet the Minimum Energy Efficiency Standards (MEES). That’s because 96 per cent of the portfolio has an EPC band rating A to D, but it is required to have a minimum C rating by April 2027 and B rating by April 2030. That said, the portfolio has strong reversionary value as highlighted by 14 new lettings, 15 lease renewals and 16 rent reviews that generated £1.1mn of additional contracted rent in the 2022/23 financial year, or 11 per cent ahead of March 2022 ERV. Moreover, recent disposals have been made above carrying valuations, suggesting the ongoing asset disposal programme could surprise to the upside. So, having last rated the shares a hold, at 205p, for their income and potential for capital upside when the market stabilises (‘Priced for a severe property downturn that’s unlikely to happen’, 24 November 2022), I now feel that the markedly improved debt position and more favourable market conditions for the asset disposal programme support a buy recommendation ahead of annual results on Thursday, 15 June 2023. Buy. |
Posted at 05/5/2023 06:56 by baner Excellent news this morning. Sales price strong and gearing now very low with further reduction in the pipeline. This means the company can now accelerate its buy back program. NAV by march 2023 should be just north of 300p so buy backs at the prevailing share price is of course a no-brainer that will increase the NAV for remaining shares. The risk/reward is really sound, with a well covered dividend and then the upside in the capital value on top of that. Clearly the new BOD is delivering here. |
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