Palace Capital (PCA)

Sector:

Real Estate

Index:

FTSE Small Cap

229.50p
   
  • Change Today:
    -1.50p
  • 52 Week High: 260.00p
  • 52 Week Low: 200.00p
  • Currency: UK Pounds
  • Shares Issued: 37.56m
  • Volume: 11,965
  • Market Cap: £86.20m

Palace Capital collects 70% of September rents on due date

By Iain Gilbert

Date: Tuesday 13 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Property investment firm Palace Capital said on Tuesday that 70% of all rents due on the September quarter date had been collected, an improvement on the equivalent stage in the previous two quarters.
Palace also highlighted that 94% and 90% of rents had now been collected for the March and June quarters, respectively.

On the back of those figures, the AIM-listed firm opted to recommend a minimum dividend payment of 2.5p per quarter, with the next payment set to take place on 16 October.

Palace made eight further apartment disposals at Hudson Quarter in York throughout the quarter, with 36 now sold at an aggregate value of £9.6m.

Disposals of Meadowcourt in Sheffield for £1.25m and Hyde Abbey House in Winchester for £1.46m came in at 30% and 16% above book value, respectively.

Chief executive Neil Sinclair said: "Our financial year commenced only one week after the UK went into a national lockdown.

"From that point, we have been actively engaging in meaningful dialogues with all of our tenants and the success of this strategy, together with the quality of our occupier base, is reflected in our rental collection levels."

As of 0855 BST, Palace shares were up 4.12% at 199.90p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Palace Capital Market Data

Currency UK Pounds
Share Price 229.50p
Change Today -1.50p
% Change -0.65 %
52 Week High 260.00p
52 Week Low 200.00p
Volume 11,965
Shares Issued 37.56m
Market Cap £86.20m

Palace Capital Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
29.58% below the market average29.58% below the market average29.58% below the market average29.58% below the market average29.58% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend
24.00% above the market average24.00% above the market average24.00% above the market average24.00% above the market average24.00% above the market average
25.58% above the sector average25.58% above the sector average25.58% above the sector average25.58% above the sector average25.58% above the sector average
Income
59.09% above the market average59.09% above the market average59.09% above the market average59.09% above the market average59.09% above the market average
35.48% above the sector average35.48% above the sector average35.48% above the sector average35.48% above the sector average35.48% above the sector average
Growth
26.24% below the market average26.24% below the market average26.24% below the market average26.24% below the market average26.24% below the market average
12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Palace Capital Dividends

  Latest Previous
  3rd Interim 2nd Interim
Ex-Div 21-Mar-24 23-Nov-23
Paid 19-Apr-24 29-Dec-23
Amount 3.75p 3.75p

Trades for 28-Mar-2024

Time Volume / Share Price
15:55 500 @ 229.80p
14:26 1,756 @ 228.48p
12:55 2,063 @ 228.48p
09:41 1,000 @ 228.64p
08:30 191 @ 227.00p

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