08 Jun 2017
Right on track
FY16/17 results were better than forecast. Outperformance was driven by asset sales above book value, intensive asset management and stable underlying investment and occupational markets. These figures reiterate the defensive characteristics of a portfolio which is well-balanced geographically and by sector. The proposed 18.5p full year dividend is 1.2x covered by adjusted EPS.
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Right on track
Palace Capital plc (PCA:LON) | 238 28.5 5.3% | Mkt Cap: 89.2m
- Published:
08 Jun 2017 -
Author:
Allenby Capital Research -
Pages:
12
FY16/17 results were better than forecast. Outperformance was driven by asset sales above book value, intensive asset management and stable underlying investment and occupational markets. These figures reiterate the defensive characteristics of a portfolio which is well-balanced geographically and by sector. The proposed 18.5p full year dividend is 1.2x covered by adjusted EPS.