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Palace Capital PLC Ord 10P (PCA)

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14-Jun-2022 12:06 PM

Palace Capital swings to annual profit; CEO & co-founder steps down

Palace Capital PLC reported on Tuesday it swung to an annual profit thanks to the strength of its disposal strategy and announced that its co-founder and chief executive, Neil Sinclair, would step down after 12 years. Palace Capital is an inves
06-Apr-2022 10:50 AM

IN BRIEF: Palace Capital expects annual earnings ahead of expectations

Palace Capital PLC - London-based property investment company - Expects annual earnings for its financial year ended March 31 to be ahead of market expectations, citing a ‘significant pick-up in sales of residential units at Hudson Quarter, York&
14-Apr-2021 08:45 AM

Palace Capital collects 82% of fourth-quarter rent

Property investor Palace Capital said it had collected 94% of annual rents, including 92% in the third quarter. Rent collection for the March quarter, the final quarter of the company's financial year, were 82%, including rents collected or expected
13-Oct-2020 09:22 AM

Palace Capital collects 70% of rent for September quarter

Commercial property investor Palace Capital said 70% of all rents due had been collected for the September quarter. The company said that was a higher percentage than at the equivalent stage in the previous two quarters, with November and December monthl
07-Jul-2020 09:01 AM

Palace Capital revives dividend as earnings improve

Property investor Palace Capital revived dividend payments even as it reported a full-year loss driven by negative property revaluations. Pre-tax losses for the year through March amounted to £9.1m, compared to a profit of £6.4m on-year. EPR
19-Nov-2019 09:58 AM

Palace Capital holds dividend steady as underlying performance improves

Property investor Palace Capital booked a lower first-half profit due to lower revaluation gains, though its underlying performance improved. Net profit for the six months through September fell to £2.6m, down from £7.3m on-year. The company
01-Aug-2019 09:47 AM

Palace Capital converts to REIT

Property investment company Palace Capital said it had provided HMRC with notice to join the UK real estate investment trust regime with effect from 1 August 2019. It expected to pay its first dividend distribution as a UK REIT in December 2019. At 9
05-Jun-2019 09:10 AM

Broker Forecast - Numis issues a broker note on Palace Capital PLC

Numis today initiates coverage of Palace Capital PLC (LON:PCA) with a buy investment rating and price target of 350p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
04-Jun-2019 07:51 AM

Palace Capital holds dividend steady as profit slips

Property investor Palace Capital said its annual profit more than halved in its first full year as a listed company. Pre-tax profit for the year through March fell to £6.4m, down from £13.3m on-year. The reduction owed, in part, to stamp dut
26-Nov-2018 07:17 AM

Palace Capital profit up 67%; buoyed by higher rental income

Property investor Palace Capital posted a 67% rise in first-half profit after it boosted its rental income. Pre-tax profit for the six months through September rose to £7.3m, as gross rental income rose 29% to £9.2m. The company said its div
11-Jun-2018 07:52 AM

Palace Capital profit up 6% on rental income growth, revaluations

Property investor Palace Capital posted a 6% rise in annual profit following increased rental income, positive asset revaluations and gains on asset disposals. Pre-tax profit rose to £13.3m, while adjusted pre-tax rose 27% to £8.5m. The comp
24-Apr-2018 09:15 AM

Palace Capital sees adjusted profit ahead of market expectations

Palace Capital said its annual adjusted pre-tax profit was likely to be ahead of market expectations. The property investor said it had sold three assets in Exeter, Coventry and West Molesey for a combined £4.8m, above book value. Quarterly divide
12-Feb-2018 07:36 AM

Palace Capital accepts tender for demolition of Hudson House office building in York

Palace Capital said it had accepted a tender for the demolition of the Hudson House office building in York. A contractor was on site and the demolition was scheduled to take around seven months. The company said it had instructed its rating advisers to
04-Dec-2017 07:51 AM

Palace Capital profits rise

Property investor Palace Capital boosted first-half profit after a rise in rental income. Pre-tax profit rose 25.6% to £4.9m, as annualised contracted rental income rose 11% to £14.1m. "We are making headway on some of our strategic ass
30-Nov-2017 01:05 PM

Palace Capital to pay 9.3p interim divi

Palace Capital has announced that the Company will pay an interim dividend of 9.5p per ordinary share on 29 December to shareholders on the register as at 8 December. The dividend is in respect of the six months ended 30 September and the interim results
06-Oct-2017 02:00 PM

Palace Capital shareholders approve acquisition and £70m placing

Palace Capital has confirmed that all resolutions, regarding the proposed acquisition of R.T Warren (Investments) Limited and the Placing to raise £70m, were passed by shareholders at today's General Meeting. At 2:00pm: (LON:PCA) Palace Cap
19-Sep-2017 02:13 PM

Palace Capital to acquire R.T. Warren for £53.3 million

Palace Capital, the property investment company that focuses on commercial property outside London, announced on Tuesday that it has conditionally agreed to acquire the entire issued share capital of R.T. Warren (Investments) Limited for £53.3 milli
18-Aug-2017 08:25 AM

Palace Capital secures planning permission in York

Palace Capital, a property investment company, has secured planning permission for a development on the company's 2-acre site at Hudson House, Toft Green in York. The company submitted a planning application in March to demolish the existing propert
08-Aug-2017 10:02 AM

Palace Capital lets property in Manchester

Palace Capital (PCA), a property investment company, has signed its first letting at Boulton House in Chorlton Street, Manchester following its completion of the building's refurbishment. The company acquired Boulton House, which comprises 75,000 sq
07-Aug-2017 08:31 AM

Palace Capital acquires property in Newcastle

Palace Capital, the property investment company, has acquired the entire issued share capital of SM for £20 million. The acquisition has been funded by a new loan of £11.5 million from Santander, with the balance being funded from the compan
11-Jul-2017 01:41 PM

All resolutions passed at AGM of Palace Capital

Palace Capital has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting. At 1:41pm: (LON:PCA) Palace Capital PLC share price was 0p at 367.5p Story provided by StockMarketWire.com...
06-Jun-2017 07:36 AM

Palace Capital lifts IFRS pretax profit for FY

Palace Capital has lifted its IFRS pretax profit for the FY to £12.6m, from £11.8m, reflecting a combination of trading profit, revaluation gains and profit on disposals. Its portfolio valuation at March 31 was £183.2m, up from £1
02-May-2017 07:34 AM

Palace Capital sees FY NAV ahead of market views

Palace Capital, the property investment company, sees its FY net asset value ahead of market expectations. It said trading for the year ended to March 31 was in line with expectations, before profits realised on property disposals. CEO Neil Sinclair sai
21-Nov-2016 07:24 AM

Palace Capital's H1 pretax profit comes in lower

Palace Capital has booked an H1 pretax profit of £3.9m, from a year-earlier profit of £7.6m. Net rental income totalled £5.9m, from £7.5m. Chair Stanley Davis said Palace Capital continued to demonstrate both income and capital g
31-Aug-2016 03:48 PM

Palace Capital Plc to present at the Shares Investor Evening in London on 27th September 2016

Neil Sinclair, Chief Executive of Palace Capital (PCA) (LSE:PCA) will be giving a briefing at the Shares Investor Evening on 27th September 2016. It will take place in London at an investor evening being organised by Shares magazine; the event is supporte

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