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PCTN Picton Property Income Ld

61.90
-0.10 (-0.16%)
Last Updated: 08:07:53
Delayed by 15 minutes
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
  -0.10 -0.16% 61.90 61.40 62.10 61.90 61.90 61.90 1,304 08:07:53
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 51.82M -89.53M -0.1642 -3.78 338.04M
Picton Property Income Ld is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker PCTN. The last closing price for Picton Property Income Ld was 62p. Over the last year, Picton Property Income Ld shares have traded in a share price range of 60.50p to 80.40p.

Picton Property Income Ld currently has 545,224,598 shares in issue. The market capitalisation of Picton Property Income Ld is £338.04 million. Picton Property Income Ld has a price to earnings ratio (PE ratio) of -3.78.

Picton Property Income Ld Share Discussion Threads

Showing 326 to 349 of 575 messages
Chat Pages: 23  22  21  20  19  18  17  16  15  14  13  12  Older
DateSubjectAuthorDiscuss
18/5/2015
15:12
Nortrust Nominees Limited bought 2.373,258 shares some 4.14%.
This is a new shareholder?

petewy
22/4/2015
09:03
Trundling along very nicely here.
gorilla36
13/3/2015
07:43
- but not as I read it to PI's
janeann
13/3/2015
07:28
Proposal to issue in excess of 14,598,540 New Ordinary Shares at 68.5 pence
per New Ordinary Share to raise gross proceeds in excess of £10 million

petewy
11/3/2015
13:04
Most welcome divi increase. Clearly firing on all cylinders. Holding tight to these.
lord gnome
11/3/2015
10:08
Hardly surprising as the earlier dividend cut together with the excellent management had resulted in the company growing substantially stronger.
redsonning
11/3/2015
09:39
Most welcome
speedsgh
11/3/2015
08:38
Now growing dividends
irenekent
11/2/2015
17:08
One didn't need hindsight to appreciate that Picton was going upwards. The dividend cut made this clearer, since more was left in the company to grow net assets.
redsonning
11/2/2015
16:32
Nope - that chart is a thing of beauty!
lord gnome
11/2/2015
16:12
New high this month and still yielding over 4%
With the benefit of hindsight selling on a dividend cut is not always the right course of action!

johnroger
20/10/2014
17:05
Excellent update today. NAV increasing, shares not overpriced at around current NAV. Divi stable and covered 125%. Rent roll increasing. Can we be far from a divi rise? A very nice little earner. Lots more to come here.
lord gnome
23/7/2014
18:51
For me nothing newsworthy in today's announcement but for me a bit odd that it trades at a premium even though the occupancy rate is just 91%..though given that Boundary House and Angel Gate- whose occupancy is 80/79% is explained by refurbishment- influence the figures perhaps it is not as bad as it looks.
Cannot see myself buying but no plan to sell

cerrito
17/7/2014
07:09
Great acquisition! Good work!
nickg2
10/4/2014
08:41
A very interesting and informative read, Sleepy. Thanks for the link.
lord gnome
10/4/2014
01:02
Link to Random House warehouse brochure -

Most of building seems to date from 1982

Looks like seller was owned and/or managed by Goldman Sachs

sleepy
08/4/2014
07:36
Yes, it did strike me as being a rather good purchase. There must surely be a story behind it. Distressed seller?
lord gnome
08/4/2014
06:42
Amazing that PCTN should be able to buy such a well tenanted asset on a yield of 8.2%! You have to wonder who sold it at that level...

======================================================
Picton acquires Random House Distribution Warehouse

Picton, the income focused investment company, has acquired a 335,000 sq ft East Midlands distribution warehouse, in Grantham, Lincolnshire for GBP11.48 million.

The property has good access to the UK road network, located immediately adjacent to the A1 North/South arterial route. The income is secured against The Random House Group Ltd (a Penguin Random House Company) for just under nine years and currently produces an annual rent of GBP1,000,000, equivalent to just under GBP3 per sq ft. The purchase price represents a net initial yield of 8.2% and capital value of GBP34 per sq ft.
======================================================

skyship
20/3/2014
13:03
Hi redsonning. Thanks for your reply. I've actually been invested in several of the comm prop inv trusts for quite some time so am relatively up-to-date with specifics. I was just trying to assess whether it is still attractive to add to existing holdings in the sector + if so, where the best opportunities currently lie. I approach this predominantly from a income perspective although am hopefully wise enough to understand that merely looking at the current dividend yield on offer is naive to say the least. My post was more an open scribbling of my initial thoughts, am not expecting anyone to do the research for me. Thought it might stimulate a bit of discussion on what is a relatively quiet thread. Your input is much appreciated.
speedsgh
20/3/2014
12:29
Speeds....There are indeed answers to the questions you raise. But the issues involved are subtle and require detailed study of the accounts and ongoing information releases from each company. After that one then has to make a subjective assessment of whether the market slightly overvalues or undervalues each company in relation to the current underlying real parameters.
Because of this subjective element I don't think you will find anyone here being too definitive on the questions you raise because it will start to sound like advice.
However, I would very much encourage you to start this work of studying the companies in detail, because it will help you to take logical and considered decisions with regard to purchase and sale etc. For the propcos in particular, this is certainly within the realms of any reasonably intelligent and diligent investor (because the information is kept quite well up to date and is relatively clear in contrast to commercial trading companies) and you will find it worthwhile in the longer term to do this work.
Hope that helps a little.

redsonning
18/3/2014
15:39
Trying to compare current value offered by the main comm prop inv trusts. Pls feel free to point out any errors. Pls forgive poor formatting.

Premium on PCTN seems to be considerably lower than peers. Why?
SLI yield considerably more attractive than peers. Why?

EPIC >>> NAV (31/12) >>> Current offer >>> +/- to NAV >>> Forecast div >>> Yield

FCPT >>> 105.3 >>> 119 >>> +13.0% >>> 6.00p >>> 5.0%
PCTN >>> 53.8 >>> 56.5 >>> +5.0% >>> 3.00p >>> 5.3%
SREI >>> 47.3 >>> 52.5 >>> +11.0% >>> 2.48p >>> 4.7%
SLI >>> 65.5 >>> 72.25 >>> +10.3% >>> 4.52p >>> 6.3%
UKCM >>> 73.1 >>> 79.8 >>> +9.2% >>> 3.68p >>> 4.6%

speedsgh
18/3/2014
14:55
I agree with all of that.
skyship
18/3/2014
13:47
The indicators do indeed seem to suggest that the price is a full one in the short term, so maybe there will be some retrenchment. The issue is the usual one for investors in this situation - do we really believe that the upward run is substantially over, or do we think that this is just a retrenchment from a price which has got ahead of itself?
Those questions are much the same as the ones we are faced with in the wider market too, and indeed the pull back in propco prices is partly linked to the wider uncertainties.
My own view remains that, in the longer term, commercial property still remains an attractive asset.

redsonning
18/3/2014
09:27
Well done those who held on; but the indicators are providing pretty clear signals that it is time to bank profits:
skyship
Chat Pages: 23  22  21  20  19  18  17  16  15  14  13  12  Older

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