Hammerson Share Discussion Threads

[williamcooper104] 25/2/2021 14:56

Councils have spent their load - they've been buying them up from around 2016 until last year when the public work board loan rates went up and there was a greater recognition that many local authority's are going to get blown up (again) by their "investment" activities

[williamcooper104] 25/2/2021 14:55

I don't know the asset, but did note the obvious that it's not in an impoverished part of the country, even if Gatwick is struggling right now

[williamcooper104] 25/2/2021 14:54

Wimbledon likely to considerably higher as it's a prime resi area (c£700 psf end values at a guess) But outside of high value resi areas the convert to resi route is harder to make work

[nickrl] 25/2/2021 14:07

WilliamC know County Mall well and historically it was well patronised but haven't been in there for a number of years. This was a well heeled area but with Gatwick being a ghost airport currently its taken a huge impact to local employment so any buyer would be wise to that of course but nevertheless that's a huge writedown. In 2018 it had income of c8m so it must have lost at least 50% of that if its only worth 40m to someone. Surprised councils aren't buying up these places.

[flyfisher] 25/2/2021 12:22

Thanks for the reply, the wimbledon s/c is around £20 psf.

[williamcooper104] 25/2/2021 12:11

There's been a few - c20-30 psf - these are not regionally dominant centres like HMSO has - but they are grim

[flyfisher] 25/2/2021 11:54

ASI put its wimbledon centre court shopping centre up for sale a while ago at a guide price of £80m, news today of a sale at £70m. I havn't seen many shopping centre sales, is their any read across to HMSO.

[chucko1] 25/2/2021 11:07

Yup - utter robbery. Mad to do it.

[williamcooper104] 25/2/2021 11:07

Interactive Brokers mainly - they're a must if you want to trade US stocks as they don't charge FX fees (they give you interbank rate which is a tiny spread), the U.K. brokers all charge between 0.5 to 1 percent - so buying and selling means US (or any other non domestic stock) means you can lose 2 percent - which is total robbery

[return_of_the_apeman] 25/2/2021 08:20

Cool, thanks - what broker do you use?

[williamcooper104] 25/2/2021 08:05

A put gives you the right but not the obligation to buy a stock You pay a premium for this right which is priced depending on the volatility of the stock, the length of time the option lasts for and the level that you can sell the stock at if if you exercise your option If the share price falls below the level of the put then you can exercise your option and buy the stock lower than the level you can sell at under the option Unlike directly shorting a stock, where your potential loss is unlimited, under a purchased put you can only lose what you pay for the option

[return_of_the_apeman] 25/2/2021 04:11

This hit an intraday high of 29p very recently so hoping that will be atleast tested on this rise Hi Williamcooper104, I am curious as I have never used a put before. How are you doing this and what return do you hope to make either way? Kind regards Ape

[researchcentre123] 24/2/2021 16:04

Glad you made some money! Well done

[williamcooper104] 24/2/2021 12:44

I'm long SPG and short via puts MAC at the moment (both US REITs)- one has a rock solid balance sheet and the other is half way between HMSO and Intu SPG has the best management in the industry and high levels of management/family ownership

[williamcooper104] 24/2/2021 12:42

Cool - well done

[millennialinvestor] 24/2/2021 12:32

I've sold out 18% profit, sitting tight for now :) See you soon

[millennialinvestor] 24/2/2021 12:23

All shorters since January are getting uncomfortable I reckon.

[millennialinvestor] 23/2/2021 10:05

Many thanks Research and congrats to you for sticking to your guns for such a length of time! Currently up 8% but feel she has more to give! I think I may have finally caught HMSO right!

[hopan] 22/2/2021 20:19

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.

[researchcentre123] 22/2/2021 17:43

Hope it goes well for you. It was quite turbulent with the rights issue etc which I certainly wasn't expecting - a private company would have just ridden it out. Still it's effectively a new company with a strengthened balance sheet, new management but priced for the past gone problems and current pandemic hopefully coming to an end now so I'm betting big on it. Never had any success on day trading so congrats on that.

[millennialinvestor] 22/2/2021 09:20

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

[blure] 21/2/2021 00:15

Private owner has less employee to cover each month

[williamcooper104] 20/2/2021 12:22

The stress was balance sheet/covenants/yields Cashflow was fine Now cashflow is the real problem

[williamcooper104] 20/2/2021 12:21

There where - should have added - that you just needed to keep your creditors at bay and wait for yields to recover - alas private owners did a far better job of sorting out their banks