PCA.L - Palace Capital Plc

LSE - LSE Delayed price. Currency in GBp
280.00
-1.00 (-0.36%)
At close: 4:35PM BST
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Previous close281.00
Open274.90
Bid274.00 x 0
Ask282.00 x 0
Day's range273.00 - 292.00
52-week range266.00 - 338.00
Volume24,032
Avg. volume33,234
Market cap128.473M
Beta (3Y monthly)0.61
PE ratio (TTM)24.78
EPS (TTM)11.30
Earnings date5 Jun 2019 - 10 Jun 2019
Forward dividend & yield0.19 (6.52%)
Ex-dividend date2019-06-13
1y target est415.00
  • EQS Group

    Edison issues outlook on Palace Capital (PCA)

    Edison Investment Research Limited 15-Jul-2019 / 10:29 GMT/BST * * *London, UK, 15 July 2019Edison issues outlook on Palace Capital (PCA)Palace Capital recently reported FY19 results and announced plans to convert to REIT status, approved by shareholders at the AGM. The results showed further growth in recurring earnings and positive like-for-like valuation growth but they also reflected the deferral of some letting activity to pursue refurbishment and redevelopment opportunities. Our revised forecasts now include the impact of the Hudson Quarter development in York, which we expect to be a key driver of returns over the next two years.The dividend yield is attractive, approaching 7%, and management has committed to the current level of DPS despite a near-term earnings cover shortfall. The discount to EPRA NAV is c 30%. Asset management initiatives to capture reversionary potential and progress with Hudson Quarter are potential triggers for a re-rating. Click here to view the full report.Subscribe to Edison's content to receive reports by email. All reports published by Edison are free-to-access and available on the website. About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.Edison is authorised and regulated by the Financial Conduct Authority.Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.For more information please contact Edison:Martyn King, +44(0) 203 077 5745 Andrew Mitchell, +44(0) 203 681 2500 financials@edisongroup.comLearn more at www.edisongroup.com and connect with Edison on: LinkedIn https://www.linkedin.com/company/edison-group- Twitter www.twitter.com/Edison_Inv_Res YouTube www.youtube.com/edisonitv * * *Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. * * * End of Announcement - EQS News Service

  • EQS Group

    Hardman & Co Research: Palace Capital (PCA): Hudson Quarter, York, development commences

    Hardman & Co Research 21-March-2019 / 16:56 GMT/BST * * *Hardman & Co Research: Hudson Quarter, York, development commencesPalace Capital is a real estate investor. It has recently commenced construction of its mixed residential and commercial development at Hudson Quarter, having secured a new £26.5m debt facility and fixed price contract. Supply in this location is tight and the projected gross development value of £65m would thus appear robust. The current site book value is £16.8m. The building contract is £35m (part of a total projected cost of £37m, pre-interest). We note that the full benefit of Hudson Quarter is derived during FY22, when Palace Capital will receive significant free cash. This is one of several factors underpinning significant medium-term expansion in capacity to pay growing dividends.Please click here for the full report:https://www.hardmanandco.com/research/corporate-research/hudson-quarter-york-development-commences/To contact us: Hardman & Co 35 New Broad Street London EC2M 1NH www.hardmanandco.com Follow us on Twitter @HardmanandCo Contact: Mike Foster +44 20 7194 7633 mf@hardmanandco.com Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement.About Hardman & Co: For the past 21 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259.Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies. It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer. * * *Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. * * * End of Announcement - EQS News Service

  • EQS Group

    Hardman & Co Research: Palace Capital (PCA): Initiation of coverage

    Hardman & Co Research28-Sep-2018 / 10:10 GMT/BST

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