Picton Property Income Ld Share Discussion Threads

[cwa1] 20/2/2012 09:34

For the record:-

Pursuant to Listing Rule DTR3.1, Picton Property Income Limited announces that the following beneficial holding of ordinary shares were acquired by Mr Roger Lewis, Director of the Company, on 16 February 2012.

50,000 ordinary shares at 41.50p representing 0.0144% of the Company's issued share capital. The shares are registered under Hulton Pensions Limited. Mr Lewis is the beneficial holder of a total of 150,000 ordinary shares representing 0.0434% of the Company's issued share capital.

[tiltonboy] 16/2/2012 14:45

I did mention that to the PR company who rang me!

[skyship] 16/2/2012 14:26

TILTS - Yes, ask Michael Morris if he intends reimbursing IFD for the costs they incurred dealing with his ludicrous Merger proposal last year!!!

[speedsgh] 16/2/2012 13:26

New article in IC. Not sure if this is just available online or in latest issue of magazine as well. It's currently the headline article on the website homepage.

"Yield of 9 per cent too good to miss" -

[tiltonboy] 16/2/2012 13:17

I've got the company coming in to see me in a couple of weeks, so if there are any specific questions you want me to ask, let me know.

[sleepy] 13/2/2012 23:10

Thanks Tilts. I would agree with them, assuming PCTN can refinance. SLI seem too have got some fairly good terms in their refinancing recently but I think they will have found the process considerably easier than PCTN.

[cwa1] 13/2/2012 16:51

Thanks for that tiltonboy.

[tiltonboy] 13/2/2012 09:24

Oriel have initiated PCTN with an ADD recommendation. Sees material upside on completing debt refinancing.

[cwa1] 09/2/2012 09:14

Pursuant to Listing Rule DTR3.1, Picton Property Income Limited announces that the following beneficial holding of ordinary shares were acquired by Mr Trevor Ash, Director of the Company, on 6 February 2012.

50,000 ordinary shares at 42.89p representing 0.0144% of the Company's issued share capital. The shares are registered under Pritchard Stockbrokers. Mr Ash is the beneficial holder of a total of 150,000 ordinary shares representing 0.0434% of the Company's issued share capital.

Pursuant to Listing Rule DTR3.1.2, Picton Property Income Limited announces that the following beneficial holdings of ordinary shares were acquired by Mrs Joanne Morris, connected to persons discharging managerial responsibilities, on 6 February 2012:-

23,500 ordinary shares at 42.89p representing 0.0068% of the Company's issued share capital. The shares are registered under James Capel Nominees Limited. Mrs Morris is the beneficial holder of a total of 28,596 ordinary shares representing 0.0083% of the Company's issued share capital

Pursuant to Listing Rule DTR3.1.2, Picton Property Income Limited announces that the following beneficial holdings of ordinary shares were acquired by Mrs Elizabeth Thompson, connected to persons discharging managerial responsibilities, on 8February 2012:-

17,767 ordinary shares at 42p representing 0.0051% of the Company's issued share capital. The shares are registered under Pritchard Stockbrokers. Mrs Thompson is the beneficial holder of a total of 39,433 ordinary shares representing 0.0114% of the Company's issued share capital.

Pursuant to Listing Rule DTR3.1.2, Picton Property Income Limited announces that the following beneficial holdings of ordinary shares were acquired by Mr Andrew Dewhirst, person discharging managerial responsibilities, on 3 February 2012:-

6,964 ordinary shares at 42.89p representing 0.0020% of the Company's issued share capital. The shares are registered under Barclayshare Nominees Limited. Mr Dewhirst is the beneficial holder of a total of 11,964 ordinary shares representing 0.0034% of the Company's issued share capital.

[kramch] 03/2/2012 09:47

I'm warming to these guys, they seem to be quite pro-active. The article suggests a good presentational campaign to lenders.

The pie charts are useful, 50% in London and the South East. By type; a 1/3rd offices, 1/3rd industrial, 1/3 retail, retail warehouses and leisure.

Don't know about the quality, but I don't think ING bought any old rubbish as some funds did.

K.

[skyship] 03/2/2012 07:59

LG - just about to post that too. An early resolution of the debt restructuring would be good news here - it being the only concerning factor

[skyship] 03/2/2012 07:26

HP - difficulty finding a buyer I suspect!

[hugepants] 02/2/2012 21:10

LOL SKYSHIP. I think i'll sell you and buy some more PCTN.

[tiltonboy] 02/2/2012 15:25

Picked up another 100k IFD this morning at 32.25p. Somebody doesn't want to own them!

[skyship] 02/2/2012 14:48

Going back to Jan'11 IFD has still outperformed PCTN. But going back to the start of Jan'12, PCTN has substantially outperformed. A good switch perhaps – SELL PCTN @ 42.5p – BUY IFD @ 32.5p...

[cwa1] 26/1/2012 07:29

IMS, NAV and Dividend:-

[hugepants] 24/1/2012 15:23

40.5p - 40.75p. Its like a turbo-charged rocket now.
Next stop 41p.

[hugepants] 23/1/2012 14:16

Exciting stuff. That's the key 40p level reached. This could hit 40.25p anytime now.

[hugepants] 17/1/2012 15:33

...Picton Property Income Limited (LSE:PCTN), the income focused property investment company, announces that it has acquired two buildings at Angel Gate Office Village, City Road, London EC1 for a net consideration of £2.6 million, reflecting an initial yield of circa 11%. The consideration was paid from existing cash resources....

[hugepants] 16/1/2012 19:53

Not much interest in this dog.

Management Internalisation Update
11 January 2012


...The internalisation is expected to lead to cost savings of around £0.6 million per annum on a like for like basis...

[hugepants] 28/12/2011 11:03

PCTN is now yielding 11%. Whats the worst that can happen here. Wont the debt just be rolled over next year at a slightly higher rate of interest. Knocks profits a bit but wont yield still be say 9%-10%. Or is that optimistic? Its reassuring all the property is in the UK so no direct exposure to the euro.

[sleepy] 20/12/2011 09:40

Having changed the year-end looks like they are trying to get the refinancing in place by March 31 next

[asmodeus] 20/12/2011 08:46

Ah, I see, I must have been looking at the zero, not the ord. Will look again now.