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The latest announcement is out from Palace Capital ( (GB:PCA) ).
Palace Capital has confirmed that a previously requisitioned general meeting, linked to shareholder pressure from Lakestreet Capital, has been withdrawn as the company’s managed wind-down nears completion, with over £160 million of assets sold, all bank debt repaid and more than £64 million returned to shareholders, leaving only five investment properties, three of which are expected to be sold in the coming weeks. In tandem, the board has been reshaped with the appointment of Lakestreet co-founder Christian Kappelhoff-Wulff as Non-Executive Chairman and fellow Lakestreet co-founder Valentin Pierburg as Non-Executive Director, replacing outgoing chairman Steven Owen and senior independent director Mark Davies, signalling a transfer of board control to major shareholders as the REIT’s wind-down enters its final phase.
The most recent analyst rating on (GB:PCA) stock is a Buy with a £239.00 price target. To see the full list of analyst forecasts on Palace Capital stock, see the GB:PCA Stock Forecast page.
Spark’s Take on GB:PCA Stock
According to Spark, TipRanks’ AI Analyst, GB:PCA is a Neutral.
The score is primarily supported by improved financial stability (debt eliminated) and strong recent cash generation, plus shareholder-return-focused corporate actions. Offsetting factors include multi-year revenue decline and volatility in results, with only modest technical momentum and a valuation that is helped by the yield but limited by a mid-to-high P/E.
To see Spark’s full report on GB:PCA stock, click here.
More about Palace Capital
Palace Capital plc is a UK-listed real estate investment trust (REIT) focused on commercial investment properties across sectors such as leisure and offices. Since announcing a managed wind-down strategy in July 2022, the company has been systematically disposing of assets, repaying bank debt and returning capital and dividends to shareholders as it nears the end of its investment lifecycle.
Average Trading Volume: 42,002
Technical Sentiment Signal: Hold
Current Market Cap: £42.47M
See more insights into PCA stock on TipRanks’ Stock Analysis page.