Palace continues to demonstrate its ability to grow NAV per share through its strategic recycling of assets. The disposal of a property in Maldon has realised value created through recent asset management initiatives. As with two other recent sales, this is in line with the company’s strategy to increase shareholder value through active management of the investment portfolio. We have adjusted our forecasts for the £1.56m gain in value and, although we have not assumed any addition
14 Mar 2017
Another NAV-accretive disposal
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Another NAV-accretive disposal
Palace Capital plc (PCA:LON) | 230 0 0.0% | Mkt Cap: 86.2m
- Published:
14 Mar 2017 -
Author:
Julian Roberts -
Pages:
4
Palace continues to demonstrate its ability to grow NAV per share through its strategic recycling of assets. The disposal of a property in Maldon has realised value created through recent asset management initiatives. As with two other recent sales, this is in line with the company’s strategy to increase shareholder value through active management of the investment portfolio. We have adjusted our forecasts for the £1.56m gain in value and, although we have not assumed any addition