News & Videos - PALACE CAPITAL ORD 10P

Hardman & Co Research Hardman & Co Research: Hardman & Co Video | Analyst interview Q&A with Mike Foster on Palace Capital (PCA) | Interim results - ammunition for major dividend rises 15-Dec-2021 / 10:45 GMT/BST Hardman & Co Video | Analyst interview Q&A with Mike Foster on Palace Capital (PCA) | Interim results - ammunition for major dividend rises Palace Capital plc is the topic of conversation when Mike Foster, Analyst at Hardman & Co, joins DirectorsTalk Interviews. Mike explains how Palace...

Hardman & Co Research Hardman & Co Research : Palace Capital (PCA) - Interim results: ammunition for major dividend rises 03-Dec-2021 / 12:40 GMT/BST Hardman & Co Research: Interim results: ammunition for major dividend rises The 15 November interim results have led us to upgrade our profit and dividend forecasts modestly. Commercial property income is robust, and Hudson Quarter (HQ) residential profit margins are slightly ahead of expectations. The programme of the disposal of c.£30m-worth of...

Hardman & Co Research Hardman & Co Research : Hardman Talks Video | Palace Capital Management Presentation 25-Jun-2021 / 09:00 GMT/BST Hardman Talks Video | Palace Capital Management Presentation On 22 June 2021, the Palace Capital management team gave a presentation to investors on Hardman Talks. Watch it here: https://youtu.be/OqGpEYQdmi8 Of particular note was an excellent performance on rent collection over the course of the pandemic - 95% over the full year. Neil noted the near-term trends...

Hardman & Co Research Hardman & Co Research: Palace Capital (PCA): Dividend recovery ahead of expectations 21-Jun-2021 / 11:30 GMT/BST Hardman & Co Research: Dividend recovery ahead of expectations March 2021 annual results were ahead of our expectations; notably, rent was £17.3m vs. our estimated £16.4m. FY20 rent stood at £18.3m, excluding a lease surrender premium, and there have been net disposals (modest in quantum and at premiums to book values) since FY20, further highlighting the good...

Hardman & Co Research Hardman & Co Research : Hardman Talks Video Event | Palace Capital Management Presentation 09-Jun-2021 / 16:10 GMT/BST Hardman Talks Video Event | Palace Capital Management Presentation A webinar presentation will be given by the Palace Capital management team on Tuesday 22 June at 3:00pm. The webinar is being hosted by Hardman & Co and investors can register to attend via this link: https://hardman-co.com/p/49CL-GHX/join-our-webinar As experts in regional property, Palace...

Hardman & Co Research Hardman & Co Research: Palace Capital (PCA): Strong trading update 22-Apr-2021 / 16:40 GMT/BST Hardman & Co Research: Strong trading update December 2020 quarter rents showed 92% received; as of the 14 April trading update, 82% of the rents due end-March under the monthly payment plans had been received - a good initial profile. Hudson Quarter (HQ) sales are progressing well into a robust market, and the leisure assets have seen several new lettings. It is also encouraging...

Hardman & Co Research Hardman & Co Research: Q&A with Mike Foster on Palace Capital (PCA): Interim results on track - upside clear in FY'22 21-Dec-2020 / 12:05 GMT/BST Hardman & Co Research: Q&A with Mike Foster on Palace Capital (PCA): Interim results on track - upside clear in FY'22 Palace Capital is the topic of conversation when Mike Foster joins DirectorsTalk. Mike explains what the company invests in as a REIT, how it has performed, provides a bigger view on strategy, development and...

Edison Investment Research Limited Palace Capital (PCA): COVID-19 impacts actively managed 26-Nov-2020 / 08:00 GMT/BST London, UK, 26 November 2020 Palace Capital (PCA): COVID-19 impacts actively managed Palace Capital's (PCA) H121 performance was robust and ahead of our central expectations. We have slightly increased FY21 earnings forecasts and introduced FY22-23 estimates, with growth driven by Hudson Quarter completion, on track for March 2021. Significant additional reversionary potential...

Hardman & Co Research Hardman & Co Research: Palace Capital (PCA): Interim results on track - upside clear in FY'22 24-Nov-2020 / 17:20 GMT/BST Hardman & Co Research: Interim results on track - upside clear in FY'22 Palace Capital has a mix of real estate sector exposure, the largest four segments being offices, development assets, leisure and industrial. In each of the past four years, Palace Capital assets have outperformed the MSCI index. Regional offices' (43% of assets) returns have...

Hardman & Co Research Hardman & Co Research: Hardman Talks: Palace Capital interview with Mike Foster 04-Sep-2020 / 14:00 GMT/BST Hardman Talks | Palace Capital interview with Mike Foster We are delighted to share the first episode of the Hardman Talks series. The series is designed to share the latest sector insights and company investment cases from our corporate clients and our expert team of analysts. Click here to subscribe to the Hardman Talks channel on YouTube. In this episode, our Real...

Hardman & Co Research Hardman & Co Research: Palace Capital (PCA): Encouraging full-year results 14-Jul-2020 / 15:05 GMT/BST Hardman & Co Research: Encouraging full-year results The healthy liquidity position of Palace Capital takes risks down to a modest level, as does the overweight to regional offices and minimal shops. The Hudson Quarter mixed-development site is selling well, and profitability remains at appraisal levels. Hudson Quarter is within the York city walls, has been selling well...

Hardman & Co Research CORRECTION: Hardman & Co Research: Palace Capital presenting at virtual Investor Forum on 9th July 2020 17-Jun-2020 / 17:45 GMT/BST Hardman & Co Research: Palace Capital presenting at virtual Investor Forum on 9th July 2020 We are delighted to announce that Palace Capital will be presenting at our next Investor Forum on Thursday 9th July. The Investor Forum connects investors with companies looking for capital. Each company will present for 10-15 minutes, followed by an...

Hardman & Co Research Hardman & Co Research: Palace Capital presenting at virtual Investor Forum on 9th July 2020 17-Jun-2020 / 09:27 GMT/BST Hardman & Co Research: Palace Capital presenting at virtual Investor Forum on 9th July 2020 We are delighted to announce that Palace Capital will be presenting at our next Investor Forum on Thursday 9th July. The Investor Forum connects investors with companies looking for capital. Each company will present for 10-15 minutes, followed by an opportunity for...

Hardman & Co Research Hardman & Co Research: Palace Capital (PCA): Trading update and COVID-related dividend cut 06-Apr-2020 / 15:20 GMT/BST Hardman & Co Res earch : Trading update & COVID-related dividend cut FY20 results are due to be reported in June. PCA's 2 April trading update stated FY20 results to be broadly in line with previous estimates. Loan-to-value (LTV) at 30 September 2019 stood at 34%; we expect this to increase to 37% as at March year-end, allowing for the drawdown at the York...

Hardman & Co Research Hardman & Co Research: Palace Capital (PCA): 1H'20 results announced 27-Nov-2019 / 15:35 GMT/BST Hardman & Co Res earch : 1H'20 results announced 1H'20 r esults were announced on 19 November. Seventeen lease events have been completed . Impressively, these were 25% above passing rent and 3 % above ERV (i.e. previous estimated valuers ' levels ). FY19 was struck 14% above passing rent . The t otal property return was 1.5% , outperforming the MSCI quarterly index. Early...

Edison Investment Research Limited Edison issues outlook on Palace Capital (PCA) 15-Jul-2019 / 10:29 GMT/BST London, UK, 15 July 2019 Edison 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...

Hardman & Co Research Hardman & Co Research: Palace Capital (PCA): Conversion to REIT status; FY19 results announced 07-Jun-2019 / 12:15 GMT/BST Hardman & Co Research: Conversion to REIT status; FY19 results announced Palace Capital's results (4 June) show 37 new leases were completed. Most importantly, these were 14% above ERV (i.e. the level which previous valuers had estimated). This is one of several factors underpinning significant medium-term expansion in capacity to pay growing dividends....

Hardman & Co Research Hardman & Co Research: Palace Capital (PCA): Portfolio and trading update 16-May-2019 / 15:15 GMT/BST Hardman & Co Research: Portfolio and trading update Palace Capital's portfolio and trading update of 2 May showed underlying values up year- on-year. A lease event, resulting in a profit and cash upgrade, was announced on 7 May. This showed a cash premium being agreed to be paid by the tenant. The loan-to-value (LTV) stood at 33%. Palace Capital took the "strategic decision...

Hardman & Co Research Hardman & Co Research: Palace Capital (PCA): Hudson Quarter, York, development commences 21-March-2019 / 16:56 GMT/BST Hardman & Co Research: Hudson Quarter, York, development commences Palace 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...

Hardman & Co Research Hardman & Co Research: Palace Capital (PCA): Interim results to September 2018 reported 28-Nov-2018 / 12:20 GMT/BST Hardman & Co: Interim results to September 2018 reported Palace Capital reported 1H'19 (six months to September 2018) results on 26 November, in line with expectations. We reduce our forward estimates due to disposal and minor trimming of some 2020 income. The strategy of being overweight offices (48% assets in offices in regional hub locations), well...