George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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No disrespect to PCTN holders, but I hope Picton do not successfully merge with UKCM. I am a holder of UKCM and can only see that pctn shareholders will benefit from a sucessful merger (we won't). You have a large office allocation (a liability in my view) and you will also dilute the reversionary yield that is coming online within the UKCM portfolio. If Picton succeed it will be an injustice to UKCM shareholders, unless we receive a premium in recognition of the quality of the portfolio. Sorry to paint a "you and use" picture, but this is what it is, and the merger proposals by Picton are a downright cheek in my opinon.
https://www.edisongroup.com/research/positive-update-ahead-of-results/32231/
I've been waiting 2yrs plus for a good entry point..last invested when PCTN was north of 90p and certain posters were strangely asking for 120p. So I'm testing the waters...at 72p.
More good news, well run with good income and some growth thrown in, what’s not to like - roll on 120p !
Good news, Divi now back to pre-pandemic level, and updated NAV of 112.8p !
Hm. In case it helps, I received mine via HL showing paid on May 28th, although they do often credit dividends later than due date but show it as paid on the correct date.
Any users here own Picton via Iweb? Have you received last months dividend yet? I'm still waiting for mine.
Ex-div last Thursday - normally this leads to a small fall back - but this share keeps marching on - must be a premium to NAV now - will be interesting to see what the full year results show on the 22nd !
Massive profits, EBIT, 112% do I cover, NAVPS c. 70p Does anyone know of a better value for money share than this?
10% increase - nice!
Acquisition !
Of blue today !
I'm in !
Over the last few trading days.... Large volume, buys showing as sells, ( big ones as well)...about to take off?
Picton Property Income: Liberum Capital initiates with its target price at 37p and a hold rating.
Picton Property Income Ltd (PCTN) Director name: Mr Roger Lewis Amount purchased: 100,000 @ 36.75p Value: £36,750
Benefits of the Possible Offer Picton believes that the Possible Offer would have the following material benefits for Invista and Picton shareholders, particularly given the overlap of shareholders with holdings in both companies: · The enlarged group is expected to provide: o a significant enhancement in the liquidity of the enlarged group's shares over that of either Invista or Picton currently; o greater economies of scale resulting in a lower total expense ratio ("TER") (note 3) given a reduction in central corporate and investment management costs; and o increased attraction to a wider investor base as a result of improved index inclusion prospects. · The internalised management structure of the enlarged group will: o allow shareholders to benefit from a more efficient cost structure than in an externally managed vehicle where management fees increase in line with net assets; and o allow for the full alignment of the interests of both the executive management team and shareholders. · The cost benefits identified will result in materially enhanced dividend cover for Invista shareholders.
Picton Property Income Limited for Invista Foundation Property Trust Limited The Board of Picton Property Income Ltd ("Picton") notes the announcement by Invista Foundation Property Trust Limited ("Invista" or the "Company") concerning the ongoing merger talks between Picton and Invista (the "Possible Offer") and the appointment of Schroder Property Investment Management Limited as manager of Invista's assets pending the conclusion of discussions with Picton. Background Following Invista's announcement on 22 March 2011 that it had given notice to terminate the investment management agreement with Invista Real Estate Investment Management Limited, Picton approached the Invista Board proposing a merger of the two companies. Following ongoing discussions between Picton and Invista, Picton made a formal non-binding indicative proposal (the "Indicative Proposal") to the Invista Board on 29 July 2011. Discussions are continuing between the parties and good progress is being made. Picton's Indicative Proposal The Indicative Proposal envisages that the Possible Offer would be structured as a recommended share for share merger based on the respective Formula Asset Values ("FAV") (note 1) of Invista and Picton. Picton reserves the right to vary the form and/or mix of consideration and/or introduce other forms of consideration.
http://www.investegate.co.uk/Article.aspx?id=201108190838576788M