Picton Property Income Ltd (PCTN)

Sector:

Real Estate

Index:

FTSE Small Cap

65.50p
   
  • Change Today:
    -1.00p
  • 52 Week High: 79.20
  • 52 Week Low: 60.30
  • Currency: UK Pounds
  • Shares Issued: 544.47m
  • Volume: 6,692
  • Market Cap: £356.63m

UK Commercial Property REIT in talks with Picton on possible merger

By Frank Prenesti

Date: Wednesday 08 Nov 2023

LONDON (ShareCast) - (Sharecast News) - UK Commercial Property REIT on Wednesday said it was in talks with Picton Property Income Limited on a possible all-share merger.


UKCM said "there can be no certainty either that an offer will be made nor as to the terms of any such offer".

In a separate statement, Picton said under the terms of its proposal to UKCM, the combined company would be "internally managed".

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


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

 

PCTN Market Data

Currency UK Pounds
Share Price 65.50p
Change Today -1.00p
% Change -1.50 %
52 Week High 79.20
52 Week Low 60.30
Volume 6,692
Shares Issued 544.47m
Market Cap £356.63m

PCTN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.11% above the market average49.11% above the market average49.11% above the market average49.11% above the market average49.11% above the market average
43.59% below the sector average43.59% below the sector average43.59% below the sector average43.59% below the sector average43.59% below the sector average
Price Trend
35.31% below the market average35.31% below the market average35.31% below the market average35.31% below the market average35.31% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Income
3.28% above the market average3.28% above the market average3.28% above the market average3.28% above the market average3.28% above the market average
44.83% below the sector average44.83% below the sector average44.83% below the sector average44.83% below the sector average44.83% below the sector average
Growth
11.29% above the market average11.29% above the market average11.29% above the market average11.29% above the market average11.29% above the market average
15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PCTN Dividends

  Latest Previous
  Q4 Q3
Ex-Div 09-May-24 08-Feb-24
Paid 31-May-24 29-Feb-24
Amount 0.93p 0.88p

Trades for 10-Jun-2024

Time Volume / Share Price
08:10 604 @ 66.14p
08:10 33 @ 65.97p
08:03 4,869 @ 65.50p
08:03 1,175 @ 65.60p
08:00 11 @ 67.40p

PCTN Key Personnel

CEO Michael Morris
CFO Saira Johnston

Top of Page