Hammerson Share Discussion Threads

[purplebox] 19/2/2010 08:53

Final results due on Monday.

Current NAV is 373p as per valuation to 30th June 2009.

As a conservative assumption imagine NAV increasing by just 10% during the last six months. This would give a new NAV of 410p.

If the NAV increased by 15% the new NAV would be 429p.

BLND reported an 18% increase in NAV in the last quarter alone.

Yesterdays closing share price was 393p.

[gdasinv2] 18/9/2009 15:10

Guys - One More Property Stocks , The owner of Canary Wharf ( The RNS today snuggest money is being poured to raise stake on London Canary Wharf. The share price is damn cheap( Just 33p) , comparing recent increase on other stocks. May be a look for you. A good buy vol though today.

[churchill2] 07/8/2009 09:40

Hammerson will follow the market so unless a share comes along which I consider better value I will hold on.

[racg] 07/8/2009 07:36

Well done with your below 3. What you gonna do now though ?

[churchill2] 05/8/2009 20:28

Not a lot to say. Share price jumped up on relief things are not so bad as the Market had anticipated.

Pleased with my purchase well below £3.

[alex_raga] 05/8/2009 19:58

not very active

[alex_raga] 10/7/2009 21:07

long term onces market picks up this should do fine

[racg] 08/7/2009 14:51

Slow thread !

[racg] 08/7/2009 09:14

Yeah, lets hope it is for the short term and not the medium term. I ve got into other recovery situations way to early, (bdev), to wit. But the big beasts of the commercial property world now are beginning to spark my interest.

Interested to see how HMSO behaves.

[churchill2] 08/7/2009 08:57

Hi racq

For the short term commercial values are depressed. However HMSO after the rights issue are not forced sellers owning some good assets.

Hopefully they have the management who can see them through this differcult period by reducing costs and encouraging existing and new tenants. This will not be easy so managements generally are going to have to pull out all stops to earn their salaries.

[racg] 08/7/2009 08:33

Ok so using the historical discount of 30% on NAV, the market uses, then the share is not particularly cheap. Unless we think commercial values are on the turn.

[churchill2] 06/7/2009 13:11

After allowing for a reduction in values since January I would guess at nearer 4 pounds.

[racg] 06/7/2009 11:44

so net asset value per share is just under 6 pounds ?

[churchill2] 06/7/2009 09:11

Hi Alex

Its simple really.

Assets of £6 billion at end of year valuation allowing for sales this year.

After disposals debts £2 billion.

700 million shares.

£4 billion divided by 700 million. Thats the easy bit.

The differcult bit is in the current climate of empty shops uncertain shoppers etc. how much are Hammerson`s assets really worth. The problem is everyone you ask will have a different opinion.

[alex_raga] 04/7/2009 00:15

anyone that has knowledge please email me regarding HMSO
some sharemagazine pointed out this is a defenate buy.

anyone with knowledge and info to share please
alex

[gyau] 27/6/2009 12:51

Hammerson confirms letting at 60 Threadneedle Street
13:08 | 26.06.09

By Deirdre Hipwell

Hammerson has confirmed it has achieved its first letting at 60 Threadneedle Street in the City of London to Talbot Underwriting as revealed by Property Week.

Talbot, a Lloyd's underwriter, has signed a lease for 42,150 sq ft on the 7th and 8th floors of the building, paying £44/sq ft on a 15 year lease which includes a 42 month rent-free period.



......> 42 month rent free. lol.

42 MONTHS RENT FREE

[dovegang] 25/6/2009 12:53

Good news....Broker tip & Bullish comment on UK Commercial Property sector....

On an individual stock level Citi has recommended Hammerson (LSE: HMSO.L - news) and British Land (LSE: BLND.L - news) as "buys". The former's price target has been lifted from 241p to 351p while the latter is tipped to rise to 453p, up from the previous price target of 366p.

[racg] 24/6/2009 15:44

Quiet thread.

I think people are of opinion it is lower to go.

Maybe .....

[pip_uk] 15/6/2009 09:13

Got a passing comment in the Sunday Times saying with a discount of about 57% this discount will narrow rapidly before any increase in property prices.

[dawntrader] 05/6/2009 16:06

Hmm very quite in here, these have hit the radar ... so may be having a punt soon .. good luck

[cerrito] 24/4/2009 08:42

I saw an article in the Investor's Chronicle commenting on their 2015 bonds coupon 4 7/8 yielding 13%+ and saying that the bond prices had not rallied after the equity issue
Problem is a minimum purchase of 50000 bonds
Anyone in these??