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It's down, down. Every day for a week, sinking like a stone. Why aren't the resident rampers buying to increase their 4.8% yield ? Why aren't those billion pound companies snapping up the shares for their long planned takeover ?
This company is an embarrassment.
Now I am at my computer, let me express myself a bit better. Remember I was actually agreeing with you in my comment.
I first invested in PCA on 29th. November 2018 when I was building a portfolio of quarterly dividend paying companies. The price was 297p, and you were ramping the company as a great prospect and a takeover target, which you are still doing. This is what you said just before I invested. - QUOTE - I suspect a big boy has spotted the game-changing quality of the York town centre site and might be trying to build a position here. Tightly held so might go back nearer the £3.50. Or higher if they poke in a bid. If not, post York, in 2020, I can see £5 here depending on market at that time. Either way, I shall stick around and take the fat divi. UNQUOTE
I continued to build my position at 311p and 330p, The quarterly dividends were 4.75p which gave me a quarterly yield of 1.6%, dropping slightly to 1.58% as I added, which I was very happy with. Then Covid happened of course. Probably not your fault unless you holidayed in China at the time.
We missed one dividend totally, and then the dividend was cut to 2.5p, which gave me a quarterly yield of 0.86%. I added twice but still only achieved 0.92% quarterly yield.
So I believe it is time they upped the dividend. If a company like RE Investors can pay a massive final dividend recently, I am sure PCA could.
Another concern is that I recall a report saying that they were not including sales at Hudson Quarter in their results ? I found that worrying. What is the reason for this ? I haven't got time to delve into the accounts at the moment.
So, two and a half years on you are still quoting the company as a take over target, presumably to lure investors in and feed your investment. What proof have you got ? Any reason at all ? I ask because I am not as sophisticated investor as yourself, and personally would hate to mislead anyone.
Because it was cut and hasn't been reinstated. My average yield is over 6%, but rather than use current yields I use the actual yield based on my buy in price, which is still below what you were recommending it back in the day.
adv11. Present yield here is around 4.75%. Why are you complaining?
it would be nice. I can't help getting the impression PCA don't care much about their shareholders and only tell us what they have to. About time they paid us a decent dividend.
Looking at the progress of the SP, I am still not ruling out buyout action.
...not very impressed with Neil's RNS. Perhaps it already sees him as yesterday's Director which is a bit cruel. If his expectations are met, then these are still cheap and I know mine are still under plenty of water, but we shall see if PG is lining up for action.
....there is another RNS showing more tucked away by Peter G. I reckon it will be a green flashing light to this SP. First takeout offer IMHO just under £4, but it won't be by him. Just looked him up and reckon he is buying for someone else. His record is ...er, shall we say 'colourful'?
I'm hoping it stays low for a while longer, as i'm due a few £k pension compensation & i'm more than happy to stick it in PCA around the 200p mark.
A buy recommendation by Simon Thompson, Investor Chronicle Alpha article.
Helps with the volume.
.... smell at last from PCA. Increased trade and rising SP. Wonder if cheeky bid on the way.
Nice 5% divi aqnd maybe we are over the worst?
....from Peter G. Stakebuilding?
Hudson Quarter is by a long way the largest development PCA has undertaken. That it is likely to be successful even in the dodgiest of markets does this co great credit and will not go unnoticed when things start reverting to 'the new normal'
While the SP has partially recovered, this important consideration is not in the SP. I reckon PCA are already eyeing up a similar large development on the strength of Hudson and possibly to take advantage of present uncertainty.
Added a few more on Friday & good to hear the construction industry is carrying on through the new lockdown.
I got lucky with this one & sold out at 325p.
I've started adding at sub 200p & am more than happy to have any dividends reinvested.
Even in this market - PCA is undervalued !
....definitely NOT out! Still feel the pain as its SP is way below its top level and losing me quite a bit. But in a better market this will regain the £3+ and I hope for a bid in a 2yr timeframe at around £4.50.
Up to 4 percent holding now
http://pg-ab.se/en/ Peter Gyllenhammar - hope they keep building their investment. Had a good result so far.
Happy to have my dividends reinvested today.
One of very few blue today. Only another £ and a few bob and I will cut even!!!
Please check your dividend - paid a few days late and tax stopped in my ISA. Broker will have to reclaim it now.
It's a dividend Jim, but not as we know it. Are we sure that they are complying with their REIT status here ? One dividend missed, future ones almost halved. Now we know why they are not taking account of sales at Hudson in the accounts.
They also need to send the boys round to those refusing to pay rents.
... a Dividend! Due a rerate, I reckon.
This is ripe for a cheeky bid (if any big boy has the cash).