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Picton Property Income Ltd - Guernsey-based property investment company - Intends to launch a share buyback programme for up to £10 million, to address the ‘material disconnect’ between its current share price and its net asset value. The group has recently been disposing of assets in an effort to reduce office exposure. Its second disposal, completed on Wednesday, brings total proceeds to £43 million. The third disposal is due to take place later this year, increasing the total to £51 million. ‘The board believes the current share price materially undervalues the company and the share buyback programme is an attractive use of proceeds that will create value for shareholders,’ says Picton Property Income. Current stock price: 62.70 pence, up 1.6% in London on Thursday afternoon 12-month change: down 6.1% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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