Palace Capital (PCA) are coming to present at Beckenham on Monday for our monthly dinner evening at SeaSalt. It is just 23 minutes on the train from Victoria and right opposite the exit from Beckenham Junction station so no excuses !

All the latest on Mello events can be found on the new website www.melloevents.com and full details of all the previous presentations and links to their write ups can be found at mellomeeting.com

Palace Capital are an AIM-quoted commercial real estate company and acquire portfolios of assets that they feel they can improve or redevelop to build long term shareholder value.

They announced interim results for the six months ended 30 September 2014 here....

http://www.investegate.co.uk/palace-capital-plc--pca-/rns/ha...

Highlights

· Profit before tax of £8.4 million (H1 2013: loss before tax of £78,419)

· Completion of third portfolio acquisition

· £32 million Property Investment Holdings (PIH) acquisition

· Acquisition supported by a £20 million equity fundraising


Property Valuation

· The investment property value at 30 September 2014 was £98.6 million

· Net Asset Value per share 374p (31 March 2014: 357p) having regard to dilutive effect of equity raise


The current share price is about £3.60 mid so trading below NAV at present.

All are welcome to join us at SeaSalt for the evening and Neil Sinclair the CEO will be presenting to us. If you are coming do email me by replying to this post to let me know and help the restaurant with numbers. We currently have 27 coming but I am sure that will grow to over 40 and there were 67 at SeaSalt last month when Lord John lee joined us for dinner. We start from 6pm for drinks and the presentation will be at 7pm with dinner at 8.30pm. We may also have a 15 minute presentation from one of the regular investors who wants to tell us about his favourite company and what he likes about them ?


I must also remind you that it is exactly four weeks to go for you to join us at our Mello at Bloomberg evening in the City of London at the Bloomberg HQ.

http://melloevents.com/mello-bloomberg/

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