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Share Name Share Symbol Market Type Share ISIN Share Description
Picton Property Income Ld LSE:PCTN London Ordinary Share GB00B0LCW208 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.40 -1.58% 87.20 87.50 87.80 91.00 87.50 91.00 587,062 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 46.5 147.0 27.0 3.2 478

Picton Property Income Ld Share Discussion Threads

Showing 276 to 298 of 525 messages
Chat Pages: 21  20  19  18  17  16  15  14  13  12  11  10  Older
DateSubjectAuthorDiscuss
27/11/2013
08:07
When propcos start issuing equity at a premium to NAV, it is a surefire indicator of time to head for the exit. It's been a fantastic ride and well done to all holders who have resisted the temptation to move on; but surely on this news the share price will trade back to the 50p level or lower over coming months.
skyship
13/11/2013
08:15
AUMP - revised assets per share 219p. Share price 57p. (See this morning's report). This seems too good to be true regarding risk if they have to wind up? Is it?
asmodeus
12/11/2013
19:05
Got a warm feeling from reading today's statement-as of course I would expect as the shares trade at a premium. The increase in provisions for staff bonuses which are based on the share price reminds us that there is no free lunch. Neither buying or selling-not sure if I see the share price going much higher but would be surprised to see it below 50p
cerrito
05/11/2013
16:24
Also, see Sky's post 271
asmodeus
05/11/2013
15:56
K - re LSR - the link below shows my original post on the "Liquidations" thread back in August. Admittedly they are now up 23% on that oversold price; however I still believe the Fundamentals and the liquidation strategy merit a BUY @ 31.75p. http://uk.advfn.com/cmn/fbb/thread.php3?id=25535642&from=264 Incidentally, well done you if read correctly. 80% of your SIPP in commercial property would ensure a pretty impressive YTD performance...
skyship
05/11/2013
15:00
Hi Skyship apologies for the delay, I didn't buy in as you had stated , have moved to a long on AGK and WEIR through the SIPP on the property side already heavily invested directly something crazy like 80% plus of portfolio so as said in earlier posts a long term bull. Will keep an eye on LSR looks interesting anything you can point me to research wise on that one Thnks
kavnish
04/11/2013
20:44
Half Year Results out on the 12th November...
nickg2
31/10/2013
18:31
Kavnish - I do agree with you - when you lose the cushion of the NAV discount the holding of a propco at a premium is a hostage to fortune - no longer a value play. I sold lower down; but am certainly happy holding 35% of my SIPP in propcos at good discounts - APT, DSC & LSR - all rising just as well, if not faster. Sold my CIC as they have perhaps now got ahead of events. IMO Best Buy at the moment - LSR - share price 32p v. 46p NAV, 56p EPRA NAV. Company in voluntary liquidation. Plenty of info on the LSR thread. Did you buy DSC after my 257 above - hope so - now up 27% since then...
skyship
30/10/2013
17:53
Given also that the market will calculate that the real NAV will be greater than that published in accounts.
lord gnome
30/10/2013
12:39
Just to say that given the market expectation of continued price improvements the quoted price will always move closer or above.
red army
30/10/2013
11:51
Lord Gnome : don't get me wrong am a long term property bull across my portfolio, however when the physical market is cheaper than the quoted you know which way to go. The yield on this one is dangerous as with close to 60% leverage and still offering a pretty low number it shows you how much of the return is being eaten up in fees etc I was extremely long PCTN for 3 -4 years nice ride , but as said physical market is cheaper . C'est la vie
kavnish
28/10/2013
17:04
Kavnish - that depends on your outlook view for property prices and your need a for a secure well-covered yield. I am bullish on the former and in need of the latter. Also, the book value is based on certain assumptions and FWIW I reckon it will be very conservative indeed given the experience of the last four years.
lord gnome
25/10/2013
15:43
Same here. I intend to be around for some time.Property crashes don't tend to come along too often. To be honest,if the shares in my property portfolio,increase year on year by approx 10% (5% capital + 5% yield),then i will be well happy to continue holding and reinvesting the dividends.So far,overall,they are comfortably exceeding this (by they,my shares are SREI,PCTN,DSC,FCRE,MCKS)
carterit
24/10/2013
13:04
Not going anywhere except to buy some more.
irenekent
22/10/2013
07:32
Im still here too, and liking the yield.
janeann
22/10/2013
07:21
More good news. Things are looking up.
lord gnome
22/10/2013
07:06
Very nice!
nickg2
11/10/2013
12:59
Agree this is good news for their third largest investment..only slight downer is that have to wait til 2015 at the earliest to do the property conversion; given how hot the residential property market in C Garden is at the moment you would have thought it good to bribe existing tenants to move. Sp increase warranted
cerrito
11/10/2013
11:22
Market seems to like today's news. Still yielding over 5.5% with a quarterly divi. Happy to carry on with these.
lord gnome
11/10/2013
08:46
Stanford House Update - http://uk.advfn.com/news/UKREG/2013/article/59566465 More details with link to downloadable pdf brochure here - HTTP://commercialsearch.savills.co.uk/property-detail/2197
speedsgh
15/8/2013
15:26
I've sold out of a couple of similar companies recently only to watch them continue to rise. But I agree that this is now toppy. But so are most things with a decent yield {and I guess perceived as low risk.}
colonel a
15/8/2013
14:46
I'm out. It was a fine ride.
drewz
15/8/2013
14:38
This one has run away from itself, however the market can stay frothy for a lot longer than anyone can think. Certainly not for widows and orphans now , the yield play here is over and quite frankly when REIT's are at premiums to NAV most larger investors just think , why not pop along to the auction and pick up the real thing. Much better return and no management fees. E.g spend a million on a shop with 15 year lease, will yield 6% . Load up with 50% debt ( still less than PCTN) and your cash yield moves upto 7% plus , why would you then buy this asset at sub 6% But anyway , it was a lovely ride whilst the market figured it out . Now time to move on and let the retail boys have a play.
kavnish
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