Palace’s shares have fallen by c.15% since the end of June and with the shares trading at a significant discount of c.27% to FY18 NAV (compared to a c.10% discount amongst a selected peer group), we view there to be considerable share price upside of 39%, alongside an additional benefit of a 6.4% FY19E dividend yield (next quarterly dividend of 4.75pps to be paid to all shareholders on the register as at 5 th October 2018). Recent investor feedback has indicated several factors which ha
03 Oct 2018
A Hidden Treasure
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A Hidden Treasure
Palace Capital plc (PCA:LON) | 238 -11.9 (-2.1%) | Mkt Cap: 89.4m
- Published:
03 Oct 2018 -
Author:
Kunal Walia -
Pages:
20
Palace’s shares have fallen by c.15% since the end of June and with the shares trading at a significant discount of c.27% to FY18 NAV (compared to a c.10% discount amongst a selected peer group), we view there to be considerable share price upside of 39%, alongside an additional benefit of a 6.4% FY19E dividend yield (next quarterly dividend of 4.75pps to be paid to all shareholders on the register as at 5 th October 2018). Recent investor feedback has indicated several factors which ha