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The latest update is out from Palace Capital ( (GB:PCA) ).
Palace Capital has completed a share buyback, acquiring 400,000 ordinary shares at a volume-weighted average price of 173 pence per share through Cavendish Capital Markets. The shares will be held in treasury and then cancelled, reducing the number of shares in issue and adjusting the company’s capital structure.
Following the transaction, Palace Capital now has 20,224,775 ordinary shares in issue, with 400,000 held in treasury and a total of 19,824,775 voting rights. This new denominator will be used by shareholders to assess disclosure thresholds under FCA transparency rules, providing clarity on ownership reporting and the conclusion of the buyback programme.
Spark’s Take on PCA Stock
According to Spark, TipRanks’ AI Analyst, 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 PCA stock, click here.
More about Palace Capital
Palace Capital PLC is a UK-listed real estate investment company focused on regional commercial property. The group typically deploys active asset management strategies across its portfolio, aiming to enhance income and capital returns for shareholders in the UK property market.
Average Trading Volume: 24,591
Technical Sentiment Signal: Sell
Current Market Cap: £36.4M
For a thorough assessment of PCA stock, go to TipRanks’ Stock Analysis page.