A royal investment

Simon Thompson

Simon Thompson
A royal investment

I have been taking a close look at Palace Capital (PCA:335p), a property investment company focused on commercial property outside London. The share price has drifted southwards since hitting a high of 380p at the end of last year and is now trading almost 20 per cent below the last reported net asset value (NAV) of 414p at the end of March 2016. The shares also offer a prospective dividend yield of 5.4 per cent assuming the board raise the payout from 16p to 18p in the current financial year to end March 2017 as analyst Chris Thomas at house broker Arden Partners predicts. That looks a distinct possibility given that the company’s half year results at the end of November are likely to make for a good read.

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