Hammerson Dividends - HMSO

Hammerson Dividends - HMSO

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Hammerson Plc HMSO London Ordinary Share GB00BK7YQK64 ORD 5P
  Price Change Price Change % Stock Price Last Trade
1.43 5.21% 28.88 16:35:16
Open Price Low Price High Price Close Price Previous Close
27.71 27.45 29.33 28.88 27.45
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Industry Sector

Hammerson HMSO Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

hopan: HMSO is now the 4th most shorted stock in the UK with 7.45%. There was a turn of sentiment recently especially during the latest lockdown from positive to negative. Ironically, the other most shorted stocks, like CINE, recovered pretty well even though they have some sort of equivalent debt problems and their outlets are closed for a long time. This shows there is a sentiment problem. The market thinks retail property is dead and there is no value in it. It is almost a common sentiment shared by everyone and especially institutional investors. There is also INTU nightmare from 8 months ago haunting HMSO as well. The strength of GBP might also negatively affected the price but not sure. Additionally, one hedge fund almost doubled its short position by selling 0.83% of stocks (equivalent to 33.7 million shares) on Jan 27th. This is already a not very liquid stock, daily average around 10 million shares and most are traded by algos. So three days worth of stock has become heavy on the stock price I imagine. IMO, The positive side is at this prices there is no premium like other stocks in the market due to abundant liquidity. One hopes that when there is a market correction , this stock can be at least neutral and keeps its value but you never know. This is my hope.
millennialinvestor: Like most people - I want to make as much money as possible in as little time as possible. That means having to do a lot of day trading on some high risk volatile shares. This has worked on CINE and BOO however the one I haven't made a profit on overall is HMSO. I feel there is light at the end of the tunnel for HMSO, and it's share price is well below what it should be given the circumstances. So I am using some of the profit I have made in the past few months which I can afford to lose if the worst was to happen. I've got £2k invested in hmso at the moment however I have got the option to double down if needed. Will be sitting on it indefinitely
williamcooper104: I think that's the value realistically if you were to actually try to sell hmsos assets in the current market That doesn't mean that the red book values will reflect that - hmso will argue that Bicester has hardly fallen in value and as there's no comps they won't see a huge red book fall - but they've not been able to sell itThere's never been more PE dry powder, but yet no one has bitten on HMSO
researchcentre123: I'm doing ok thanks millennial thanks to doubling down earlier and a nice scrip dividend ( my 2nd hmso investment after getting out the first time at s good profit).. How's the day trading going? NAV is now 98p per share after the div which gives lots of margin still but this has been a share to buy cheap with a view to holding until the problems are over, not on the basis of a day or two, altho if you can do it good for you. As they say buy when the blood is running down the streets but the idea in that is to sell when it isn't and wait that long. Incidentally Millennial, I notice incidentally whenever you suggest things are only getting worse for HMSO, it's the low point - at 19p you were saying it was madness to buy, discouraging people from what would have been a 50% gain after the dividend. I suppose if you're a momentum trader you're working that the direction continues. My view is that if people are very pessimistic, it's probably a good time to buy if the fundamentals are right. Anyway, hopefully you didn't follow your convictions and sell short. That would have been a wipeout. I guess you know what works for you.
researchcentre123: This is the cheapest in relation to net asset value Farrugia, at least of stocks that aren't going to go bust. Currently, it's somewhere around 96p per share assuming most people have taken up the share instead of dividends, so it is trading at less than 1/4 net asset value, and these are real figures given the recent revaluation. I was following Macerich in the US for a while, but now it's more expensive. For those like me who follow the value-investor route, I don't think there's anything that is better value out there at the moment. If you find anything though, I'd be very interested. I found HMSO by running a program a while back, checking net assets against market cap and couldn't find anything that was cheaper but had enough assets to survive like HMSO. The difference with US stocks like Macerich and UK like HMSO is that valuations in the UK are redone, whereas in the US the properties are depreciated, meaning that their balance sheets don't necessarily reflect the real value of the properties - could be more or less there.
typo56: 1hughb, flagging a trade as a 'buy' or 'sell' is always a bit questionable, because of course there are always both sides to a trade. They are simply a judgment as to which party was the aggressive participant (in the case of SETS, the passive participant is the person who places the order on the book, waiting to be hit, the aggressive participant is the person who hits an order on the book). The 18.5m trade in HMSO at close yesterday was the auction uncrossing. This is the aggregated volume of all the buy and sell orders on the SETS book that could be filled at the uncrossing price. It's therefore not really meaningful to label it as a buy or a sell. There are always large trades at close on the last day before an index move, (e.g. ITV and DGOC yesterday). I think the point of trading in Friday's closing auction is there's good liquidity and it ensures tracking of the index, whatever the price traded. The HMSO/HMON index move has been complicated by the extreme 24x rights issue. In terms of HMSO shares it was very large (about 12% of HMSO shares in issue). However, I think this can be explained by the unwinding of the HMSO/HMON arbitrage that has been going on by traders and probably funds too. 12% in HMSO equates to an arbitrage of just 0.5% in HMON. I've seen mention of 15% shorts in HMSO. This is only 0.6% of the enlarged share capital and therefore I don't see it as being very significant. Some of it could be due to an arbitrage in HMON longs.
typo56: Lyndon B, a few days ago HMON were trading 17p-18p below HMSO. At times today they've been trading around 14.5p below HMSO. At the time I posted:- HMON = 6.238p/6.400p HMSO = 20.60p/20.93p In other words, it would cost you more to buy HMON and take up the rights at 15p than it would to buy HMSO outright. Also, selling the rights for 6.238p and buying HMSO at 20.93p would be a better deal than taking up the rights.
typo56: alexios1201, I wrote "HMON currently trades 16p-17p below HMSO". By that I didn't mean HMON were trading at 16-17p. In theory HMON should trade 15p below HMSO. With HMON trading 16-17p below HMSO, it is better to sell (short) HMSO than it is to sell HMON. You can close your HMSO short by exercising the HMON rights. There is no stamp duty or dealing fees in taking up the rights. If you are performing an arb and shorting HMSO you are probably doing this via a CFD/spread bet. In which case, no stamp duty on HMON long either. You may also be playing on the SETS book and trading 'the right side' of the spread, like catching HMON at 6.2 this morning.
typo56: Yes Robertinvestor, for every HMSO share you owned at close on 9th September you now own 1 x HMSO 24 x HMON (the nil paid rights shares) The nil paid rights shares give you the option to convert to fully paid HMSO shares, by payment of 15p per share. Because this is a discount to the HMSO share price it means the HMON shares (which are tradable) have some value. In theory that value should be the HMSO price minus 15p. In effect, about 90% of the value of the HMSO shares you held at close on 9th September is now in the HMON shares. You could sell HMON rather than take up the rights. However, the fact that HMON currently trades 16p-17p below HMSO makes this unattractive and if you want to obtain a better return you have to consider getting a bit sophisticated and look at shorting HMSO instead.
typo56: As alexios1201 points out, traders playing the HMON long/HMSO short arbitrage can net off their HMSO short by taking up the rights at 15p. Yesterday you could sell HMSO for 2p-3p more than the cost of buying HMON and taking up the rights, which seems a bit of an open goal for traders, as long as the HMSO shorts don't get called in early. As far as I can see, there are no dividends or other benefits attributable to the HMSO shares that are not attributable to the HMON rights. Sometimes this can be the reason why the rights appear to trade at a discount, but I don't think that's the case here. At the end of the month I think the HMSO shorts will probably reduce in absolute numbers as traders net off their arbs and will reduce massively in percentage terms as the rights shares become fully paid HMSO shares.
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