Posted on 07 Dec 2015

Nav Rise for Palace Capital

Palace Capital's net asset value per share has risen to 404p, an 8.9% increase on last year. The portfolio increased in value by £37.4m in the six months to 30 September, when it was valued at £140.4m. It also renegotiated a £20m loan facility with Nationwide on its Sequel portfolio, cutting the margin to 2.45% from 3.75%.