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Share Name Share Symbol Market Type Share ISIN Share Description
Hammerson Plc LSE:HMSO London Ordinary Share GB0004065016 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +4.20p +1.24% 343.90p 344.10p 344.30p 344.40p 338.30p 341.50p 4,475,205 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 248.9 413.4 49.0 7.0 2,653.23

Hammerson Share Discussion Threads

Showing 451 to 472 of 475 messages
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
02/1/2019
18:41
if HSBC put the real target price on what it really thought it would not be offloading and telling it, clients, to do the same, while telling everybody else it's ok ,
777mason
02/1/2019
14:53
To be fair HSBC still have a price target quite a bit higher than the current price. Broker Forecast - HSBC issues a broker note on Hammerson PLC 2 January 2019 | 08:40am StockMarketWire.com - HSBC today reaffirms its buy investment rating on Hammerson PLC [LON:HMSO] and cut its price target to 543p (from 618p).
hugepants
02/1/2019
13:27
HSBC slashed its target price, saying most of Hammerson’s business was susceptible to risks from “a faster than ever-changing retail landscape where few practitioners seem confident of exactly where it is headed”. HSBC added that there was “little by way of an investment case that can be confidently proffered” for the firm adding that equity was pricing in “the possibility of the business failing, either financially or to meet its stated objectives”. “The refinancing of the group’s debt has been inordinately costly, the land grab of shopping centres has turned out to be ill-timed and having made an advantageously early move to gain a footprint in Spain that is now ‘on the table’ for possible divestiture to address gearing.” Both Hammerson and Intu have struggled this year as part of the general downturn that is afflicting the UK’s retail sector. In July, Hammerson announced plans to pull out of the retail -parks sector over the medium-term, increasing its disposal target for 2018 to £600mln as half-year pre-tax profits slumped £55.7mln from £289.7mln the year before. Meanwhile, Intu has said it will need to "substantially reduce” payment of dividends, starting with the final 2018 dividend, in November after a consortium led by billionaire shareholder John Whittaker had thrown out plans to buy the shopping centre owner due to market . How long before hammersons substantially reduce there payment of dividends.
777mason
02/1/2019
13:19
What's the bets they don't proceed with the rest of the buy back?
hybrasil
02/1/2019
10:28
How long before they need an equity raise?.
essentialinvestor
02/1/2019
10:25
cratering here this morning
hugepants
02/1/2019
09:40
That's the buyback suspended (closed period) until results in February.
hugepants
28/12/2018
17:09
The problem is strcutural but the Governments are aware that the pure online retailers make very little contribution to national coffers. I wouldm't bet against an online sales tax
gopher
21/12/2018
10:57
A year before the last financial crisis hit many of the large UK REITS traded at fat NAV discounts. Some saw value, the reality turned out to be a huge value trap. I don't see any of the directors buying?. Unless there is a reason for this.
essentialinvestor
21/12/2018
10:55
We valuers are great theorists. A valuation is an opinion; an informed opinion but an opinion nevertheless. We work on the assumption that if 'A' sold for xGBP then all other factors remaining constant 'B' would sell for yGBP. where all other factors are not the same we make notional adjustments and allowances to reflect the differences. There has been a mismatch between rents and capital value for some years now but because the investment market has remained buoyant valuers have focussed on that regardless. Now that the investment market demand for shopping centres is slowing and quite possibly non-existent, valuers are having to be be more cautious. But valuers cannot be as cautious as they would like because the whole quoted (and unquoted) prop-co sector would come a cropper. So instead they ease up the yield to what appears to be a more realistic level, even though that level is also possibly unattainable. Intu's bidders pulled out because their enquiries would have found a lack of appetite amongst investors for the bulk of Intu's assets. If and as HMSO's assets would not fetch anything like the reported NAV then basically HMSO becomes an income stock. I think i was doing well buying in again at 6% yield but now the share price is over 7% I reckon it is heading up to 9%-10%, in which case would be worth buying into.
trcml
21/12/2018
10:50
Looking a bit grim here. I wonder where the shares would be without the buyback. The buyback is relatively massive at 10% of the market cap and they are now buying back at 50% of stated NAV. The NAV will come down but by how much. If it comes down 30% that's still £5.
hugepants
21/12/2018
08:14
Now 335p. Heading towards that all time low again
hybrasil
16/12/2018
23:06
8 months ago they turned down 635p a share offer from Klepierre. Current share price 351p. Not far off 50% below the offer price!
hugepants
16/12/2018
09:58
The negative news flow continues... Today's Sunday Times 'Hammerson accused of masking debts' hxxps://www.thetimes.co.uk/edition/business/hammerson-accused-of-masking-debts-v99w73lsr
dendria
10/12/2018
15:26
Hp, I'm questioning if that disposal target will be achievable at anywhere near acceptable valuations.
essentialinvestor
10/12/2018
15:18
They are selling their retail parks. NRR are the retail park REIT and it keeps falling so I expect HMSO will be taking a biggish haircut on the book value.
hugepants
10/12/2018
14:42
They are expecting to sell $1.4B of non-core assets by end of 2019. This amount dwarves the buyback so I'm not anticipating a fund-raising even worst case.
hugepants
10/12/2018
14:31
If things get really ugly they may need to come back to shareholders for a fundraise come the next downtown. It's done now, but the buyback is a dreadful misjudgement. All just IMV only.
essentialinvestor
10/12/2018
14:16
Not sure about that. They are buying back a meaningful amount at a massive discount to NAV. So its going to be quite effective. LTV is 37% which doesn't seem high for a property company.
hugepants
10/12/2018
12:36
Mentioned at the time of the buy back announcement this was a significant error of judgement imv. They should have used that money to retire some debt. LTV may shoot up with falling asset values over the next couple of years. Where are the recent disposals??.
essentialinvestor
10/12/2018
11:24
This stock isn't exactly flavour of the month! Clearly Mr Market does not believe the NAV. The lowest NAV figure I can see is 725p (NNNAV). They've been selling their retail parks at a discount so a NAV of maybe 650p is more realistic. Yield almost 7%. LTV 37%. The current £300M share buyback is significant given the current market cap and discount.
hugepants
29/11/2018
17:48
yes Grantley it amazes me.glad I sold out at 561 but still follow the share.
manrobert
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
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