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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 | |
---|---|---|---|---|---|---|---|---|---|---|
1.20 | 1.68% | 72.50 | 72.20 | 72.70 | 72.70 | 71.70 | 71.90 | 539,373 | 16:29:58 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 51.82M | -89.53M | -0.1640 | -4.42 | 389.27M |
Date | Subject | Author | Discuss |
---|---|---|---|
28/11/2013 09:45 | Skyship, thanks for your comments on the thread, very useful for someone like me who does not know the sector. Could I ask what else you hold in property and why you prefer these other stocks? | ![]() rcturner2 | |
28/11/2013 09:23 | red army - we appreciate that fact. However many of us were holders a year ago, so by looking at the Header you will appreciate the long and profitable journey. For the more active investor there comes a time when you cash in and move on - especially as the shares now trade at a premium to NAV and the Board has quite sensibly decided to increase their firepower and start issuing equity. The point is we've all benefited from riding the propco boom; but I just have a personal antipathy against holding shares at an NAV premium when they spend 90%+ of their time trading at an NAV discount! They are more likely to revert to the median IMO. That said I'm more than happy to see these make further progress as it would mean a similar or better performance elsewhere in the sector - perhaps where I hold! | ![]() skyship | |
27/11/2013 20:54 | I don't think you guys appreciate that the trend is up and so are the NAV's | ![]() red army | |
27/11/2013 20:29 | Sky ship completely agree with you, when the retail market is willing to pay more than the assets are worth you know which way to go. The nonsense about valuations is irrelevant , cash in go along to your nearby auction and pick up the real thing with no mgmt fees. But still who are we to reason why . | ![]() kavnish | |
27/11/2013 11:46 | Well there we have it - not a very wide sample, but as ever it is different views that make a Market. 2 have sold; 2 hold... | ![]() skyship | |
27/11/2013 09:36 | I am still way overweight in property and agree that prospects for the sector still look encouraging. However there is a fair bit already built in to some of the share prices - quite a few, including PCTN standing at a premium, a sure warning sign that now is the time to consider selling. I sold PCTN at prices from 48p to 54p at profits of up to 48%, incl divs - there is better value elsewhere. My holdings now, in descending order, are MCKS, ERET, FCRE, LSR, TEIF, CIC and IERE | ![]() alanji | |
27/11/2013 09:21 | Can't say I agree on this one Skyship as you are effectively saying that you don't ever want propcos to issue new equity. PCTN has been a great ride but staying in is a different decision to getting in. I will stay and am happy to see the company getting a bit bigger. | ![]() colonel a | |
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. 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,M | ![]() 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 |
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