Health Observer
19 Dec 2017
Re: Recent Director Sales I don’t think there is anything to worry about looking at the statement belowSinclair sold to fund a tax bill related to a LTIP award and the other sale was so small as to be of no consequence The Board of Palace Capital was notified today that Neil Sinclair, Chief Executive of the Company, has sold 20,000 ordinary shares of 10 pence each in the Company ("Ordinary Shares"
at a price of 337 pence per Ordinary Share. Mr Sinclair has sold these shares in order to fund a personal tax bill relating to 39,811 shares having been awarded under the Company's 2014 Long Term Incentive Plan. As a result of this transaction Mr Sinclair's holding in the Company is 212,761 Ordinary Shares, which represents approximately 0.46 per cent. of the voting rights over the Company's share capital. In addition, David Kaye, Company Secretary and a PDMR, has sold 6,635 Ordinary Shares at a price of 335 pence per Ordinary Share. These shares were awarded to Mr Kaye under the Company's 2014 Long Term Incentive Plan. Following this sale Mr Kaye no longer has a holding in the Company.
devonplay
19 Dec 2017
Recent Director Sales CA/news/item/2602072/directorpdmr-shareholding?context=LSE
CAhttps://www.dispatchtribunal.com/2017/12/15/insider-selling-palace-capital-plc-pca-insider-sells-20000-shares-of-stock.htmlAny" target="blank" rel="nofollow">[link] views?I've been adding discounted , lower than NAV, for most of the year. I've been watching this one, but not added it. I was intrigued by those sales, but a little occupied with end of year stuff.Something to worry about, or are they just doing the same?DL
Tadpol52
06 Nov 2017
Any ideas about the recent share price weakness?
soi
25 Oct 2017
Re: Topped up GL GreyI`ve no holding here ( yet) but have been following for a while with a view to a buy.It does seem well run.As to interest rates, follow your point, they will almost inevitably go up eventually but I`d imagine any rise/s would be gentle.ATBsoi
Greyinvestor
24 Oct 2017
Topped up Topped up with a few more today. PCA have cheesed off a few investors with the recent discounted rights issue. I'm a bit more sanguine. my reckoning the NAV post rights is around £3.85 before PCA start selling off bits of the acquisition (which they will).So you're getting a discount of about 12% of NAV, which will do me fine, with a yield of around 5.6%.To my mind these guys have to keep going until they are decent sized and well into a FTSE main list index.Good value as long as we don't get a sterling crisis and a big kick up in interest rates, which is always a Brexit induced possibility. REITs are inverse earners to interest rates.
Greyinvestor
10 Oct 2017
Institutional investors Take a look at the instituional investor list on the Palace Capital investor relations link. A bunch of really serious, steady growth, investors.......the director clearly have friends in the City......
old_punter
09 Oct 2017
Re: Added again Agree with Greyinvestor except that the record since 2010 is anything but boring, almost a bit too impressive, but have added it to my commercial property holdings today at 350p, thanks for pointing it out. Even if progress is a lot less rapid from here, the 5% yield means one is happy to sit and wait. The discount to nav also helps.
Tadpol52
09 Oct 2017
Good call Greyinvestor looking at 400p in 6months when on the main market and 5% dividend!
Greyinvestor
06 Oct 2017
Added again Added again today, have now got a serious holding in this firm....excellent value, I think.....
Greyinvestor
04 Oct 2017
Hefty purchases Made some hefty purchases of this today, switching out of HSTN. Good value, I think.
Tadpol52
29 Sep 2017
Once the share offer has been digested I am looking for the shares to move to 400p with a 5% dividend at present and a high quality managemt they look under valued to me,
Greyinvestor
26 Sep 2017
Initial purchase Bought back in today, with a few @ £3.52.....
Tadpol52
20 Sep 2017
Any views on recent developments?
Tadpol52
06 Jan 2017
pix excellent link to video thank you
piw
30 Dec 2016
Video: PCA at ShareSoc Richmond Nov 16 Video: [link] c. 55 mins)Palace Capital (LONCA), Neil Sinclair (CEO) presents with Stephen Silvester (FD) and Richard Starr (Exec Dir).Palace Capital was founded in 2010. Here, the management outline the history through to today. Of course, 2016 was marked by Brexit, and investors negative sentiment to real estate, although PCA have noticed no impact.Palace Capital focus on commercial (mainly offices) and residential real estate outside London. They seek opportunities with the possibility to add value, to generate higher rental income and higher asset value; many examples of sites and rational are given throughout the presentation.Neil Sinclair is obviously a highly experienced property man. PCA are highly selective in purchases, with much due diligence, management personally inspecting properties and speaking to locals to suss out the opportunity. Obviously location is key, and proximity to rail stations is one criteria. They often identify distress sales, which at face value might not appear distressed. Sometimes they purchase the whole company purely to acquire the property assets, as a way around stamp duty. They often benefit by timing negotiations seasonally. It appears to culminate in shrewd acquisitions.Since this was filmed, PCA H1 results 21.11.16 have been released, with updated NAV.
