Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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....leads me to think we have bots here manipulating SP. Happens elsewhere (see SQZ) Could be II building a position longterm possibly ahead of a bid.
PCA undervalued imo & paying a good divi too at current price levels.
Time will tell.....
For each apartment on the basis of 22 divided by 5.8
127 on plan surely they have disposed of the smallest first
Must admit don’t like the 77000 sell on the eleventh
Nor did the market took the price down substantially
Sellers probably surprised at how cheap Phase 1 sold for, but they are missing the point (apart from the fact this is York and
many were probably 1 b/r). SWith Phase 1 all committed, they will have decent demand for the next phase, which I expect will be more expensive.
This project in York will be transformative for PCA and in due course will send the NAV into £5+ territory.
....opening of the bidding season for cheap property cos? If so, we should be on the list and near the top!
Someone definitely building a position
This little bird looks cheap enough to appeal to a big boy. Under three quid to buy (a few!) when asset value must be over four and with the York devt finished and let, nearer 4..5. Only trouble is the big boys mostly have their own troubles with portfolios of retil shops.
Decent results today I thought. I'll be watching the York development work.
Added to the kitty. Great yielding share
Building at Hudson Quarter, York, to start soon. Although PCA does have some shops in the portfolio, I am hoping they will not be harmed by the ongoing retail downturn. Weekend papers also predicting that valuations of retail will fall and I do not believe this will affect this co too much. The shares already stand at 30% below NAV! The potential remains and, if anything, all the current gloom gives PCA an even better hope of recognition and a possible bid. Its just that there aren't going to be too many property giants with the clout to launch bids for a while!
Boom all the way to the bank
I don't normally get excited about appointment of Non-Execs, but this is rather different because it tells me something about where this co reckons it is heading!
This canny outfit make a great property acquisition with full occupancy and a secure 6+% starting yield and it ends the day DOWN!
Bags of confidence here.
Just listened to the Mello presentation online which was exactly what I expected. I am down cashwise on what I paid but the SP is showing resistance in this market and IMO much reliance on their big York development. Can see SP rising through second half of 2019 if PCA allowed to stay independent. One to hang onto and take the nice divis.
Old
Something going to blow here I hope
Very undervalued still and divi still intact
Enjoy. Not much else in my portfolio worth dancing ???? for
More sales showing than buys, but jolly welcome amongst my sea of red. Perhaps a major has a sniff of the potential here?
Shows how much these mugs know ??
Haven’t even got the dividend payments correct ??
How bad is that !!
https://www.investorschronicle.co.uk/tips-ideas/2018/11/26/plenty-of-unlocked-value-at-palace-capital/
Plenty of unlocked value at Palace Capital - Tip Update: Buy at 294p (I'm the 500 buy at 11am today)
Putting the brighter gloss on the position (bearing in mind PCA pay Hardman for this). While they say the co will have cash from the residential sale as well as headroom to borrow if the right deal comes along, my feeling is that they are an experienced and conservative bunch and unless what is offered is unmissable, they will keep their powder dry for their massive York development. They know that the experience they will gain from carrying that through alone will put them in a different league in future - and they will not want to take their corporate eye off the ball until that is built and marketed, for the sake of possible short-term gains. So we sit tight and hope for the best.
What a breath of fresh air 👍
No excuses about Brexit
Dividend intact for another year NAV up
360 is calling
They were all in Hayes terraced property’s fetch 374000 so that sounds about right 🤑
arsenal58 - the houses are outside London. Otherwise would not have sold at 97% of valuation. I hope you are wrong about divi too but accept that it is high yield in this market.
Old I do wonder if this company is trying to get as much cash as possible for this York development 💰
When they could have farmed some out I hope it don’t backfire on them 🤯
Brexit and all the scheisse that comes with it could effect house and land prices all over the UK
Has I said earlier in the month their as been some hefty selling in this stock going into them reporting😩
I have a feeling the dividend might get a little chopped to save some more readys GL. To us 😂😂