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There was the £1mn trade also.
Yesterday was the first day of any meaningful transactions including two of 100,000 shares then today we have the RNS !!!
I wonder if there was a leak ?
PG is not buying. His stake has increased because there are fewer shares in issue, due to buybacks.
Hi Sam, I’d suggest you reinvest your dividend. Today Peter Gyllenhammer a well known shrewd investor has increased his holding in PCA to 12.56%. He’s no mug and often helps companies to improve, not that PCA does, I think it is a very well run company that has been overlooked. I’m still buying. A 6% yield and 4 dividends a year will do me fine.
My first dividend here . Are people reinvesting them or taking the cash ? Would welcome inputs as have only recently purchased
Excellent update and results. Love the above phrase they have used. Could be VERY good
Doing well since the addition of a former NRR director. Something more in the pipeline? Two companies who have been through a bit of turmoil?
Is there a fair value and contractual breakdown at a property by property level available? Are their assets valued quarterly, annually? Thanks
Well it ticks the boxes for me - inflation? bring it on :-)
Agreed , the discount to NAV/ is way to wide based on recent news - Maybe ST will give it a little nudge when he dehibernates! ;-)
It's been a decent few weeks for holders of Palace Capital as good news keeps coming in & the SP has risen. It would be nice for further news of lettings & sales to materialise, pushing the SP towards 330-350p range.
Good luck all.
Lots of buys yesterday ahead of ST tip today in IC, on the basis of forthcoming results and 32% discount to Nav. But I see quite a few director sales in August?
If you have any more tips, please keep them to yourself.
But appreciate your honesty. I got out a few weeks ago.
Market is so ****ty that I have decided to get cash by selling a winner and a loser, ready to go in to something lower down.
This was the loser! Too bad but I reckon some cash is a wise move for the next few weeks.
No doubt there will be a big rise, probably short-term, after it is printed too i.e. Monday
Midas verdict: Palace Capital's portfolio is valued at £3.43 a share, so the stock is trading at a 24 per cent discount to the value of the group's assets. Yet the business is making progress, pays attractive dividends and should be a prime beneficiary of the Government's levelling up agenda. At £2.60, the shares are a buy. Existing investors should also keep the faith.
https://www.thisismoney.co.uk/money/investing/article-9703729/MIDAS-SHARE-TIPS-Amazons-landlord-deliver-profit.html
Forgot to mention - notice the big rise over the last few days ? Typical Midas at The Mail - a very leaked article always leads to a big rise before it is printed.
@TheLoaf - I am slightly negative on PCA because I am a long term investor at much more than 200p. Yes, for those who bought in at 200p, it's been a nice rise and a decent dividend. For the few who were invested and were persuaded top buy more with fake talk of a takeover, the dividend has been cut massively and not reinstated, and neither will it ever be in my opinion. I was getting 6.4 percent yield, I am currently getting under 4 percent, which isn't what I invest for.
On the positive side, (maybe not) it is tipped today by Midas in The Mail. So come on guys, get buying in and let me slim down and reinvest elsewhere. You will note from the article that Midas tipped it at 312p in 2014, and I only actually bother posting on here because someone is still ramping about the takeover, and I don't want others taken in by him. Especially when he talks of Real Estate Investors Paul Bassi as being the guy doing the takeover. People say "don't blame others for your losses" - I don't.... but I will continue to challenge blatant rampers and bullies.
https://www.dailymail.co.uk/money/investing/article-9703729/MIDAS-SHARE-TIPS-Amazons-landlord-deliver-profit.html
Adv11- i fail to see why you're so negative on PCA ?
There's not much wrong with this company & anyone who bought in around 200p is being rewarded with a nice dividend yield & SP paper profit too !
Also, anyone buying now is still buying below the NAV price. & as ling as the SP languishes I'll be happy to reinvest any dividends.
I think there's much to be optimistic about. I'm also happier to buy under 200p, so I guess that makes more optimistic, but equally cynical. Overall it looks like there are more plus that negatives, so far, as far as the results are concerned. As we know, when companies disappoint these days.....the price sinks very quickly. I remain willing to accumulate on any dips. Not sure I'd be initiating a new position at this point.
Yes I am really naive. No I am not optimistic.
Can you really expect it to be back to pre-covid levels? I certainly don't for some time. Maybe in 12-24 months it might be different, but expecting a sudden return to normal maybe a little naive, but hey I admire your optimism.
I can't see the rational for takeover at the moment, but certainly there's a rash of corporate takeovers in the sector. So I guess you have to say: never say never, but it's certainly not in my expectations. Maybe when they manage to sell the York properties - if they've got lots of cash on the balance sheet, haven't reduced borrowing and still at discounts there's a higher chance, but that's some way down the road. A leveraged with a low rate, cash rich vehicle with real world assets at a discount...who wouldn't find that tempting :) It's a value investors dream.
It's an uplift but not back to pre Covid levels, and we are stuck at that rate for another year. But looking in the bright side, someone will be here soon to tempt people in on false hopes of a takeover.
Decent uplift of the div., overall I thought the results today were positive. I guess we'll see the truth of that through day. I last bought sub £2. Still if the great deleverage thesis pick up we could see further momentum. Interesting to see what the market/expectations make of it.
You originally bought in 4 years ago next week because you thought Paul Bassi was about to buy PCA out. That never happened and never will.
Unfortunately some investors are afraid to criticise the companies they are invested in. They would rather ramp the company to tempt other idiots in. You need to start working out yields based on your current investment rather than use what is quoted.
4.88% on LSE, 4.00% in reality, 3.60% on my investment. I was getting 6.32%, and I have averaged down since then, so I am simply saying it is time they upped the dividend.
I hhave been down as low as 50% because I bought near the top here. Be patient. Sinclair is not a young man and I reckon the Board would like him on a back seat. Hudson sales should pick up now life is returning to all our cities. In case you don't already know, the only certai8nty with investing in stock market is virtually nothing happens when you want or expect it!