Picton Property Income Ld Share Discussion Threads

[speedsgh] 18/11/2015 15:20

Half Yearly Report -

"We remain positive about our outlook, but are mindful of potential external risks to the property market, such as the threat of sharply rising interest rates, although unlikely in the short-term. With long-dated bond yields currently close to 2% and property yields at 5%, there remains a healthy premium in favour of the real estate sector, which has the additional advantage of income growth potential."

[skyship] 22/9/2015 15:00

Clearly the fall is 100% Market related – take a look at others in the Header on the CP+ thread (link below); and see the chart overlaid with SREI & UKCM:




free stock charts from uk.advfn.com

[danny500] 22/9/2015 14:46

a few reits also dropped similar amounts. anyone here sold? from what ive read recently on propertyweek.com the commercial market is ticking along nicely, in fact from an article last Friday fund managers and advisors have increased their forecasts for this years returns.

[speedsgh] 22/9/2015 14:06

Quite a sizeable drop in PCTN in the last couple of days to levels not seen since Jan this yr. Is this just falling with the wider market or does anyone know of any company specific reasons for the drop?

AFAICS the last quoted NAV (to 30/6/15) was 70.8p so the shares would now appear to be tradng at a discount to NAV for the first time in quite a while. PCTN should of course be updating the NAV (to 30/9/15) in mid Oct.

[petewy] 10/8/2015 16:29

Share buys still up but no real movement. A breakout| soon?

[petewy] 30/7/2015 12:27

added today. Cannot find % of institutional shareholders Investec 17% Hambro 5%..

People piling into this share.

[lord gnome] 21/7/2015 15:28

Yes, in demand again. Looks like it has bottomed out for now and is back on the rise.

[petewy] 21/7/2015 13:10

Heavy buying today??

[lord gnome] 09/6/2015 07:37

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.

[arja] 04/6/2015 12:26

I notice the dividend has been getting less in recent years ! Why is that please ?

[petewy] 18/5/2015 15:12

Nortrust Nominees Limited bought 2.373,258 shares some 4.14%.
This is a new shareholder?

[gorilla36] 22/4/2015 09:03

Trundling along very nicely here.

[janeann] 13/3/2015 07:43

- but not as I read it to PI's

[petewy] 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

[lord gnome] 11/3/2015 13:04

Most welcome divi increase. Clearly firing on all cylinders. Holding tight to these.

[redsonning] 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.

[speedsgh] 11/3/2015 09:39

Most welcome

[irenekent] 11/3/2015 08:38

Now growing dividends

[redsonning] 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.

[lord gnome] 11/2/2015 16:32

Nope - that chart is a thing of beauty!

[johnroger] 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!

[lord gnome] 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.

[cerrito] 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

[nickg2] 17/7/2014 07:09

Great acquisition! Good work!