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
  2.25 1.18% 192.25 14,483 16:35:18
Bid Price Offer Price High Price Low Price Open Price
190.00 194.50 190.00 190.00 190.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 21.15 -9.07 -11.80 88
Last Trade Time Trade Type Trade Size Trade Price Currency
15:31:13 AT 1,000 189.00 GBX

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Date Time Title Posts
19/1/202106:50Palace Capital (PCA) - Action soon?712
03/6/201807:03Palace Capital (PCA) One to Watch Monday -
22/11/201613:12Palace Capital presenting at ShareSoc Supper, Manchester-
25/10/201612:10Palace Capital1

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Palace Capital (PCA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-22 15:31:13189.001,0001,890.00AT
2021-01-22 15:31:13190.001,5002,850.00AT
2021-01-22 15:31:13190.001,5002,850.00AT
2021-01-22 14:05:19191.265,22910,000.72O
2021-01-22 13:39:08191.265,22910,000.72O
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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 190p.
Palace Capital Plc has a 4 week average price of 190p and a 12 week average price of 180p.
The 1 year high share price is 345p while the 1 year low share price is currently 165p.
There are currently 45,883,249 shares in issue and the average daily traded volume is 55,851 shares. The market capitalisation of Palace Capital Plc is £88,210,546.20.
baner: they are absolutely worth significantly more than the prevailing share price - at least if liquidated! the problem is the management team seems not to care about shareholders and the share price and that is the real problem with this company. they clearly need a new BOD.
nickrl: banner i let mine go at 227 recently deciding that BoDs here rarely up there stakes because they have a tasty share scheme that still seems to manage to award shares even when the shareholders are having to take the pain. If they drop below 180 might have reconsider my principles though!
cwa1: Edison research:- Palace Capital’s (PCA) H121 performance was robust and ahead of our central expectations. We have slightly increased FY21 earnings forecasts and introduced FY22–23 estimates, with growth driven by Hudson Quarter completion, on track for March 2021. Significant additional reversionary potential and development/refurbishment represent significant value creation potential.
nickrl: PCA presentation today Dangling a potential uplift in dividend if rental collection carries on at current rate Interesting slide show who is paying what amongst there top 20 tenants - others like to keep that close. Acknowledging Hudson Qtr is going slow but they ain't going to cut price and Sinclair reckons the Hong Kongers are coming in force once the air corridor is reopened!. My estimate is they need another 40 sales to covers the Barclays loan by Jan 22. Not keen on sharebuy backs there more interested in picking off private propcos in distress. Peter Gyllenhammar looked at lots of REITs but picked PCA - lets hope he gets a bit more active. Sinclair indicated been a few lowball offers for PCA
cwa1: Investor Presentation Palace Capital (LSE: PCA), the UK REIT that has a UK regional commercial real estate portfolio with a bias towards the office and industrial sectors in carefully selected locations outside of London, is pleased to announce that Neil Sinclair and Stephen Silvester will provide a live presentation relating to the Interim results via the Investor Meet Company platform on 20th November 2020 at 11.00 am Analysts and investors can register with Investor Meet Company for the Palace Capital presentation via:
spectoacc: Both telling & surprising, considering 1. They're obliged to; 2. PCA historically cheap vs NAV; 3. They talk a good game; 4. They're not exactly poorly paid. If those options had been at current depressed price it'd be bad enough - but at nil, where's the incentive? Wonder how much the management of all the REITs rip out in total - thinking Bassi's massive remuneration at RLE. Central London salaries for property punters, but how many of them are worth the cost?
nickrl: As per annual report the "The Chief Executive is expected to build up and retain a minimum shareholding of 200% of basic salary. The other Executive Directors are expected to build up and retain a minimum shareholding of 100% of basic salary. The shareholding will be built up over time, with a requirement to retain 25% of any shares vesting under the Deferred Bonus Plan or the Long-Term Incentive Plan (after tax/NI has been settled) until the guideline is met." So basic salary is 300k so 200% is 600k at £2/share means he should have 300k shares but only has 253k the FD is even worse on 29k shares vice 200k shares as a target. Of course as we know they both and others have plenty options at nil cost sitting on the shelf although be surprised if they will collect much over the next 12 months. Given the large remuneration they receive in salary, bonus and LTIP its pretty telling they haven't bought any shares.
baner: terrible that the BOD is focussing on an LTIP scheme when the shares trade at 50% of the NAV - totally wrong objectives !these directors should be thrown out and replaced with people keen to deliver values for shareholders, not for executives running a company not trusted by the market!!! "payment for failure" has never been a good recipy. the executives,and directors, should be punished for overseeing the share price at 50% of the NAV - not applauded!
baner: i guess the simple answer is that Mr G is expecting the management/company to take care of the share price themselves - sell properties and buy shares back at 50p in a pound - a license to print money for the shareholders who are loyal to the company. clearly hendersons are not one of these.
scillyfool: Mr. Gyllenhammar is a canny investor who knows a bargain when he sees one. I suspect his investment in PCA is more to do with a wholely undervalued company rather than poor management. The question is will he do anything to help raise the share price? He is a long term investor so will likely bide his time. Nice to know that I spotted the huge discount to NAV before him, though! 😎
Palace Capital share price data is direct from the London Stock Exchange
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