Share Name Share Symbol Market Type Share ISIN Share Description
Picton Property Income LSE:PCTN London Ordinary Share GB00B0LCW208 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  +0.10p +0.11% 89.90p 127,777 10:05:02
Bid Price Offer Price High Price Low Price Open Price
89.90p 90.60p 89.90p 89.80p 89.80p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 48.78 23.13 4.20 21.4 485.5

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Date Time Title Posts
25/7/201819:10Undervalued, High-yielding Property Co...419
17/5/201309:29 Picton Property Income6

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Picton Property (PCTN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:02:3490.0117,50015,751.75O
09:58:2790.011,6661,499.57O
09:53:1589.9016,00014,384.02O
09:49:4589.9112,00010,788.84O
09:48:0889.9111,90010,698.93O
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Picton Property (PCTN) Top Chat Posts

DateSubject
21/9/2018
09:20
Picton Property Daily Update: Picton Property Income is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker PCTN. The last closing price for Picton Property was 89.80p.
Picton Property Income has a 4 week average price of 89.80p and a 12 week average price of 89.80p.
The 1 year high share price is 93.40p while the 1 year low share price is currently 81.25p.
There are currently 540,053,660 shares in issue and the average daily traded volume is 697,052 shares. The market capitalisation of Picton Property Income is £485,508,240.34.
25/7/2018
19:10
speedsgh: PCTN scheduled to enter UK REIT regime on 1/10/18... Net Asset Value as at 30 June 2018 - HTTPS://www.investegate.co.uk/picton-prop-inc-ltd--pctn-/prn/net-asset-value/20180725070000P553E/ Picton (LSE: PCTN), the property investment company, announces its Net Asset Value for the quarter ended 30 June 2018. Highlights during the quarter included: Improved Balance Sheet and early debt repayment - Net Assets increased to £494.6 million (31 March 2018: £487.4 million). - NAV/EPRA NAV per share rose 1.5% to 91.8 pence (31 March 2018: 90.4 pence). - Total return for the quarter of 2.5% (31 March 2018: 3.1%). - Post quarter end completed the early repayment of £33.7 million of debt due to mature in July 2022. - As a result of the early repayment a proforma 30 June NAV would be 91.1 pence per share. Dividend declared with strong cover - Dividend of 0.875 pence per share declared and to be paid on 31 August 2018 (31 March 2018: 0.875 pence per share). - Annual dividend equivalent to 3.5 pence per share, delivering a dividend yield of 3.9%, based on 23 July 2018 share price. - Dividend cover for the quarter of 121% (31 March 2018: 128%). Further valuation gains - Like-for-like increase in property portfolio valuation for the quarter of 0.8% (31 March 2018: 1.4%). - Completed the disposal of two office assets for a combined sale price of £11.8 million, 8.4% ahead of the March valuation. - Completed seven lettings, six lease renewals / regears and two rent reviews, on average 6.2% ahead of the March ERV, with a combined annual rent of £0.9 million. - Occupancy of 95%, reflecting ongoing active management (31 March 2018: 96%). REIT conversion - Shareholder approval obtained on 23 July 2018 for REIT conversion, 99.97% of votes cast in favour. - Intention to enter the REIT regime on 1 October 2018. Nick Thompson, Chairman of Picton, commented: “We have made considerable progress implementing several initiatives over the quarter which have resulted in an increase in net assets, strong dividend cover and improvements to the balance sheet, which culminated in a debt repayment post quarter end.” Michael Morris, Chief Executive of Picton Capital, said: “The portfolio continues to perform well with the industrial assets driving performance overall. Looking ahead, we believe Picton is well positioned with high occupancy and the ability to generate greater efficiencies later in the year on conversion to a REIT.”
24/4/2018
10:22
speedsgh: Net Asset Value as at 31 March 2018 - HTTP://uk.advfn.com/stock-market/london/picton-property-PCTN/share-news/Picton-Property-Income-Ltd-Net-Asset-Values/77243354 Continued NAV growth > Net Assets increased to £487.4 million (31 Dec 2017: £477.4 million). > NAV/EPRA NAV per share rose 2.1% to 90.4 pence (31 Dec 2017: 88.6 pence). > Total return for the quarter of 3.1% (31 Dec 2017: 4.1%). > Net gearing reduced to 26.7% (31 Dec 2017: 27.4%). Dividend declared and improved cover > Dividend of 0.875 pence per share declared and to be paid on 31 May 2018 (31 Dec 2017: 0.875 pence per share). > Annual dividend equivalent to 3.5 pence per share, delivering a dividend yield of 4.0%, based on 20 April 2018 share price. > Dividend cover for the quarter of 128% (31 Dec 2017: 126%). Portfolio growth and improved occupancy > Like-for-like increase in property portfolio valuation for the quarter of 1.4% (31 Dec 2017: 2.1%). > Exchanged contracts to dispose of a non-core asset for £3.85 million, 5% ahead of the December valuation. > Completed five lettings, nine lease renewals / regears and one rent review, on average 4.5% ahead of the December ERV, with a combined annual rent of £1.9 million. > Occupancy increased to 96% (31 Dec 2017: 95%). Nick Thompson, Chairman of Picton, commented: “Picton has had another good quarter and end to its financial year. We remain well placed, delivering further growth in net assets, strong dividend cover and having further reduced our gearing.” Michael Morris, Chief Executive of Picton Capital, said: “Our focus on leasing and tenant retention has been the main driver behind the increase in portfolio valuation during the period and our improvement in occupancy reflects this. We have also been helped by the weighting of our portfolio towards the industrial and office sectors, given the recent well publicised difficulties in the retail sector.”
24/1/2018
09:52
speedsgh: Net Asset Value and Corporate Update - HTTPS://www.investegate.co.uk/picton-prop-inc-ltd--pctn-/prn/net-asset-value-and-corporate-update/20180124070000P6820/ Continued NAV growth - Increase in Net Assets to £477.4 million (30 Sept 2017: £463.8 million). - NAV/EPRA NAV per share rose 3.1% to 88.6 pence (30 Sept 2017: 85.9 pence). - Total return for the quarter of 4.1% (30 Sept 2017: 3.5%). - Reduction in net gearing to 27.4% (30 Sept 2017: 28.2%). Improved dividend cover - Increased quarterly dividend of 0.875 pence per share declared (30 Sept 2017: 0.85 pence per share) - see separate announcement of today’s date. - Annual dividend equivalent to 3.5 pence per share, delivering a dividend yield of 4.0%, based on 22 January 2018 share price. - Dividend cover for the quarter of 126% (30 Sept 2017: 119%). Portfolio growth and stable occupancy - Like-for-like increase in property portfolio valuation for the quarter of 2.1% (30 Sept 2017: 1.9%). - Completed the disposal of one non-core asset for £0.6 million, in line with the September valuation. - Completed five lettings, seven rent reviews and five lease renewals, securing additional annual income of £0.26 million, on average 1.9% ahead of the September ERV. - Occupancy maintained at 95% (30 Sept 2017: 95%). DIVIDEND DECLARATION A separate announcement has been released today (24 January 2018) declaring a dividend of 0.875 pence per share in respect of the period 1 October 2017 to 31 December 2017 (1 July 2017 to 30 September 2017: 0.85 pence). Post-tax dividend cover over the quarter was 126% (30 Sept 2017: 119%). REIT CONVERSION In 2018, the Company intends to bring forward proposals to enter the UK REIT regime as set out in the 2017 Half Year Report. This follows the changes to the taxation of non-resident landlord companies announced in the November Budget. At the same time it will seek to change its technical listing status to that of a commercial company. It is expected that following publication of the Company’s audited full year results in June, it will seek shareholder consent at a General Meeting with a view to effect the changes by 1 October 2018.
30/12/2017
12:53
ugandalad: Anyone have views on the significance of the post whichI've uplifted from a Citywire email this morning purporting to emanated from HL. It appears to be 6 days old so not impacted the share price much yet. I assume because of the source it's true. quoteI have been told by HL that as from Jan 18 it will not be possible to buy any further shares in Picton either by them or any other UK stockbroker because of their failure to issue a KID which a requirement by the new rules (‘PRIIPs).. This sounds quite odd but HL have been quite clear on the matter (see below); "The new regulation requires that issuers of certain types of investments (known as ‘Packaged Retail Investment and Insurance Products’ or ‘PRIIPs’) must issue a Key Information Document (or KID) if they are available to private investors. Without a KID, private investors will not be able to make any further purchases, although they can continue to hold the PRIIPs they already own. They can also sell at any stage. The issuer of Picton Property Income Limited Ord NPV have not confirmed that they intend to publish a KID. This means that from 1 January 2018 you may not be able to buy any more of this stock. As well as the dealing instructions you give us, the new regulation applies to automated trades we place on your behalf (such as dividend reinvestments, limit orders and regular savings instructions). Therefore, from the start of next year we may also need to turn off any automated trades we would otherwise have placed in this stock. Please be assured that we will continue liaising with investment providers on this matter and if yours does publish a KID we shall let you know. However, if they fail to publish a KID then from 1 January 2018 you will not be able to buy any more of this stock." I wonder where this leaves current Picton shareholders who want to have more shares either through reinvestment of dividends or simply as a new investment- why is there a reluctance from Picton to issue the KID? Unquote
23/10/2017
08:26
speedsgh: Net Asset Value as at 30 September 2017 and Interim Dividend Declaration - HTTP://www.picton.co.uk/investors/rns-announcements/rns-item/3389302 Continued NAV growth - Increase in Net Assets to £463.8 million (30 June 2017: £452.5 million). - NAV/EPRA NAV per share rose 2.5% to 85.9 pence (30 June 2017: 83.8 pence). - Total return for the quarter of 3.5% (30 June 2017: 3.4%). - Net gearing of 28.2% (30 June 2017: 27.0%). Fully covered dividend declared - Dividend of 0.85 pence per share declared and to be paid on 30 November 2017 (30 June 2017: 0.85 pence per share). - Annual dividend equivalent to 3.4 pence per share, delivering a dividend yield, based on 19 October 2017 share price, of 4.2%. - Dividend cover for the quarter of 119% (30 June 2017: 116%). Portfolio growth and improvement in occupancy - Like-for-like increase in property portfolio valuation for the quarter of 1.9% (30 June 2017: 1.8%). - Completed the purchase of a grade A office in Bristol for £23.15 million. - Completed the disposal of two non-core assets for £9.86 million, 5.9% ahead of the June valuation. - Completed seven lettings, six rent reviews and two lease renewals, on average 3.3% ahead of the June ERV, with a combined annual rent of £1.8 million. - Occupancy increased to 95% (30 June 2017: 94%). DIVIDEND DECLARATION A dividend of 0.85 pence per share is declared in respect of the period 1 July 2017 to 30 Sept 2017 (1 April 2017 to 30 June 2017: 0.85 pence). The dividend will be paid on 30 November 2017 to shareholders on the register on 10 November 2017. The ex-dividend date is 9 November 2017. Post-tax dividend cover over the quarter was 119% (30 June 2017: 116%).
25/7/2017
07:59
skyship: PCTN does however continue to deliver the goods with today's Qtly report: https://uk.advfn.com/stock-market/london/picton-property-PCTN/share-news/Picton-Prop-Inc-Ltd-Net-Asset-Value-and-Interim-Di/75297946
25/10/2016
10:06
speedsgh: Net Asset Value as at 30 September 2016 and Interim Dividend - HTTP://uk.advfn.com/stock-market/london/picton-PCTN/share-news/Picton-Prop-Inc-Ltd-Net-Asset-Value-and-Interim-Di/72736912 Financial * Increase in Net Assets to GBP423.9 million (30 June 2016: GBP418.0 million). * NAV/EPRA NAV per share rose 1.4% to 78.5 pence (30 June 2016: 77.4 pence). * Total return for the quarter of 2.5% (30 June 2016: 1.3%). * Repaid GBP15.8 million under the revolving credit facility leaving GBP53.0 million of undrawn facilities now available. * Net gearing of 31.6% (30 June 2016: 34.4%), which has further reduced post quarter end (see below). Dividend * Dividend of 0.825 pence per share declared and to be paid on 30 November 2016 (30 June 2016: 0.825 pence per share). * Post-tax dividend cover for the quarter of 248% (30 June 2016: 111%), or 130% prior to the one-off receipt in respect of the Strathmore Hotel, Luton (see below). * Dividend yield of 4.6%, based on a share price of 71.25 pence on 21 October 2016.
26/4/2016
14:25
speedsgh: Net Asset Value as at 31 March 2016 and Interim Dividend - HTTP://www.picton.co.uk/for-investors/rns-announcements/rns-item/3205415 Picton (LSE: PCTN), the income focused property investment company, announces its Net Asset Value for the quarter ended 31 March 2016 and Interim Dividend. Highlights during the quarter included: Financial * Net Assets increased to GBP417.1 million (31 December 2015: GBP408.8 million). * NAV/EPRA NAV per share rose 2.0% to 77.2 pence (31 December 2015: 75.7 pence). * Total return for the quarter of 3.1% (31 December 2015: 5.1%). * GBP15.8 million drawn from revolving credit facility at cost of 2.3% to part fund Manchester acquisition. * Average debt maturity of 10.7 years, with a weighted average interest rate of 4.4% per annum. * Net gearing of 34.6% (31 December 2015: 33.3%). Dividend * Dividend of 0.825 pence per share declared and to be paid on 31 May 2016 (31 December 2015: 0.825 pence per share). * Post-tax dividend cover for the quarter of 106% (31 December 2015: 117%). * Dividend yield of 4.7%, based on a share price of 70.25 pence on 22 April 2016. Commenting, Nick Thompson, Chairman of Picton, said: "We have continued to deliver results which have outperformed and it is particularly pleasing to deliver positive NAV growth, despite European Referendum headwinds and the one-off effect of the Chancellor's hike in stamp duty in March. This demonstrates the quality of our portfolio, the success of our strategy and its implementation over the period." DIVIDEND An interim dividend of 0.825 pence per share is declared in respect of the period 1 January 2016 to 31 March 2016 (1 October 2015 to 31 December 2015: 0.825 pence). The dividend will be paid on 31 May 2016 to shareholders on the register on 13 May 2016. The ex-dividend date is 12 May 2016... DEBT ...The Group has 22 million zero dividend preference shares which it intends to repay at maturity in October 2016. Picton has considered the potential of a conversion of ZDPs into ordinary shares, but has concluded this is not a viable option in the current market. It currently has GBP10.2 million of undrawn facilities, more than GBP95 million of uncharged property assets, and existing cash resources to facilitate the repayment. As such the Group has agreed terms in principle for a new five year debt facility, to meet the ZDP liability, which will be subject to usual due diligence before being finalised.
26/1/2016
09:25
skyship: One has to admit - a pretty impressive set of numbers today: Financial: •Net Assets increased to £408.8 million (30 September 2015: £393.1 million). •NAV/EPRA NAV per share rose 4.0% to 75.7 pence (30 September 2015: 72.8 pence). •Total return for the quarter of 5.1% (30 September 2015: 3.9%), and 19.9% for the calendar year. •Net gearing of 33.3% (30 September 2015: 34.6%). •Average debt maturity of 11.6 years, with a weighted average interest rate fixed at 4.6% per annum. Dividend; •Dividend of 0.825 pence per share declared and to be paid on 29 February 2016 (30 September 2015: 0.825 pence per share). •Post-tax dividend cover for the quarter of 117% (30 September 2015: 122%). •Dividend yield of 4.8%, based on a share price of 69.25 pence on 25 January 2016. etcetcetc
09/6/2015
07:37
lord gnome: A very tidy set of numbers this morning. NAV increasing to 69p should set a floor under the share price which has drifted somewhat in recent weeks. Forecast of 10% (ish) growth this year shows that there is still something to play for. A firm hold.
Picton Property share price data is direct from the London Stock Exchange
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