We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
RNS Number : 6232P Palace Capital PLC 05 October 2011  Palace Capital plc Completion of Acquisition 5 October 2011 The Board of Palace Capital plc (AIM: PCA) is pleased to announce that, further to the passing of all resolutions proposed at the General Meeting on 3 October 2011, all of the conditions for completion of the Acquisition Agreement have been met and the Acquisition of Hockenhull Estates Limited has now completed. All definitions in this announcement have the same meaning as those set out in the Admission Document unless stated otherwise. Enquiries: Palace Capital Plc Neil Sinclair, Managing Director Tel: +44 (0) 7785 226666 Fairfax I.S. PLC Katy Birkin/Ewan Leggat Tel: +44 (0) 20 7598 5368 Lehmann Communications plc Ronel Lehmann Tel: +44 (0) 20 7266 3020 This information is provided by RNS The company news service from the London Stock Exchange END ACQFSAFDIFFSEFS
Palace Capital rejoins AIM 04/10/2011 Miles Nolan http://www.growthcompany.co.uk/news/1659528/palace-capital-rejoins-aim.thtml Investment vehicle Palace Capital (PCA) has rejoined AIM via a placing that has raised £523,000. Last month Palace declared that it was entering into a reverse takeover of 'Hockenhull Estates' - a collection of commercial premises totaling nine offices and shops in the towns of Crewe and Nantwich in a deal worth £1.8 million. Prior to the deal with Hockenhull Palace's main asset was a 50 per cent stake in Grafton Insurance Services, which it sold to property group Safeland for £90,000. This September the group noted that following the acquisition of Hockenhull the business was looking to pursue 'Additional acquisition opportunities within the UK real estate sector' arguing that 'significant opportunities for growth exist within the UK secondary property market'. Palace is steered by managing director Ronald Sinclair, a doyenne of the property world who founded surveyors Sinclair Goldsmith. Overseeing the action at Palace is Stanley Davis, a North London-based founder of property search specialists Stanley Davis Group. Also on the board is lawyer Anthony Dove, the solitary non-executive director. Major shareholders include fellow North London businessmen Larry Lipman - a director at Safeland and Andrew Perloff - chairman of listed property group Panther Securities. Shares in Palace have fallen 38 per cent today, currently trading at 2.63p, valuing the company at £830,000. Having changed direction to enter the property sector the business is a small and tightly-run group. With little known about the business, and no research available the shares warrant a speculative rating. Tags: AIM minnows, Insurance services, Investment vehicle, Penny shares, Property business Sector: Real Estate
Am I being thick? Does one of the directors hold 10mil of the 7.2mil shares in issue? What am I missing? Did they issue more shares as a result of agm for the acquisition and are these already in circulation? A very quiet board and I expected to see more people taking the chance to cut and run?
Meant to say re listed, bloody iPhone lol
Shares were only delisted today maybe barbs just not updated? Showing fine with Halifax. Gl
Not showing on Barclays, WHY?
Both directors buying, good sign IMO :)
Am I right in assuming for the acquisition they will need to fund raise? I have had a small punt that's showing as a sell.
Been out most of the day so just trying to catch up on these BB's. You?
What you up to ?
Sent you an email mate. Thanks.
Hi mate, Can you email me please at - warren73@talktalk.net Thanks mate.
they have been on my watchlist for over 18 months :) a good stock and around 25% lower than when i put them on my list so room for improvement
hello mate
Property veterans aim for acquisitions after buying 30% of Lipman shell Leo Insurance Three veteran entrepreneurs have taken control of an AIM-listed shell company and plan to turn it into a property business. Neil Sinclair, the 67-year-old founder of property agent Sinclair Goldsmith and former chairman of investor Mission Capital, has teamed up with Panther Securities chairman Andrew Perloff and company registration entrepreneur Stanley Davis, to buy a 29.9% stake in Leo Insurance Services. The trio bought the stake from Larry Lipman and his brother, Errol, who run the small listed property company, Safeland. The group paid around £48,500 for the 2.16m shares at 2.25p each. This week the shares were trading at 3.38p. The Lipmans demerged Leo from Safeland in March 2005 and subsequently bought a 50% stake in property insurance company, Grafton. But, after making no further acquisitions and Leo running at a loss with net liabilities of nearly £100,000, the Lipmans decided to search for “alternative options”. Although they have sold a 29.9% stake in Leo, the Lipmans still retain around 17% of the company’s shares and, through Safeland, have bought the 50% stake in Grafton for £90,000, leaving Leo as a shell. The £90,000 consideration comprised £15,000 in cash and the offsetting of £75,000 of debt owed by Leo to Safeland. Sinclair, Perloff and Davis have changed the name of Leo to Palace Capital and are embarking on a new property strategy. This marks a return to the listed sector for Sinclair, after a bitter falling-out with Elliott Bernerd at Mission Capital. Sinclair and his daughter, Emma, founded the firm in 2005 with the backing of Chelsfield Partners, set up by Bernerd and Sir Stuart Lipton, and Bernerd through a private investment vehicle. But the Sinclairs were ousted in early 2008 and brought an action against Mission Capital, citing a “sudden and brutal coup”. A settlement was reached last year. Sinclair, who is managing director of Palace Capital, said the cash-strapped company, which only has £75,000, would fund purchases with shares. “Any deal will effectively be a reverse takeover, so there’s no point in just doing small deals,” Sinclair told Property Week. The initial investment focus is car parks, outdoor advertising and billboarding, and care homes. Sinclair and Davis, who is chairman, believe that parking is a recession-resistant business and that shortage of capacity in many towns is a significant issue.
Palace Capital finished 6.62p gained +3.00 +82.64% rise opened 3.62 p volume 544.328 can't be bad! something occuring here me thinks! dyor, good luck!!
of the day! yeah baby! Company Name Current Price(p) Change (p) Change (%) Last Close (p) Top 8 Risers Davenham Group 2.38 +1.48 +163.33 0.90 Palace Capital 6.62 +3.00 +82.64 3.62 Deo Petroleum 86.50 +30.00 +53.10 56.50 @UK 5.12 +1.50 +41.32 3.62 Nautical Petroleum 308.00 +85.50 +38.43 222.50 Wellstream Holdings 785.00 +176.00 +28.90 609.00 Tiger Resource Finance 2.45 +0.45 +22.50 2.00 Zest Group 0.22 +0.04 +22.22 0.18
few nice buys at the end there as well also looks like someone did a negotiated sell trade and got 4p gutted! fancy this trend could well continue tomorrow so happy days, the price held up well good at the end there very encouraging. speak tomorrow!!
After 100 000 sells in last hour
6.05 to sell
my email was more or less along the same lines.i am a share holder and would to know whether palace capital are currently persuing any investments and whether they have noticed the rise in share price 21/09/10
i've just emailed them! i like the co. i know andrew perloff is a legend in the real estate world and is one shrewd dude! obvious confidence in the co. cosidering who is holding what shares! fancy there could be something behind todays spike with the name change and all it looks as though the co. is having a change of tact! my email as a shareholder in your co. i would be iterested in an up to date report into the co's activitys and any future developments in the pipeline also i have noted todays steep rise in the shareprice and was wondering if the co. could see any reason for such a spike. thankyou in anticipation of your responce! regards!
whats ur opinion on this one?
yes i am mate!