Hammerson Share Discussion Threads

[williamcooper104] 19/1/2021 14:15

There will be some Boots/JD Sports - can pay/won't pay But most of it will be can't pay/can't pay Business rates needs to be radically reformed - but that's really rather difficult so can kicking likely

[nickrl] 19/1/2021 14:07

Presumably its an error on the rent collection table shown in the RNS which quotes rental collection rates as of 15/10!

If the outstanding rent is from the can pay that won't brigade they have the potential to benefit hugely from an ending of the moratorium in March although given the current situation I suspect it will get rolled over again. What we also can't be sure of here is what happens on business rates if they are fully reinstated that may well be catalyst for a wave of CVAs from even more retailers.

[grand time] 19/1/2021 13:23

Hammerson says just 41% of latest quarterly rents collected
hxxps://www.retailgazette.co.uk/blog/2021/01/hammerson-says-just-41-of-latest-quarterly-rents-collected/

[researchcentre123] 15/1/2021 12:20

I meant old in terms of who appointed him. Lighthouse didn't take over until July or so. The CFO was from Atkins time, appointed before the pandemic. You'd expect him to be replaced.

[williamcooper104] 15/1/2021 11:45

The CFO had been there not much longer than a year - he's not the old management

[researchcentre123] 15/1/2021 11:35

Same old story for you and me Millennial. You think that because of Coronavirus and online shopping, there's no value to any shop. And as a momentum trader, to you day to day values are all that count. My view based more on fundamentals is that people will return to the shops post covid and given July's valuations (98p net asset per share allowing for the increase in share capital) and the huge cash balances, there's plenty of room for a healthy recovery. But my view is 3 or 4 months, yours is the next day so we'll probably never agree as we're talking different things.

[davvero] 15/1/2021 10:49

Please someone tell me, was thye last dividend paid in full?

[researchcentre123] 15/1/2021 10:22

I think the aim of the new management since de Beer took over is to make a clean sweep of it and replace everyone. You also require a different sort of person in problematic times to good times, and someone who joined in good times might not want a more challenging role anyway. Will be interesting to see who they get.

[nickrl] 15/1/2021 10:22

Looks like Rita (or Lighthouse?) putting her mark on the operation but given Lenton hasn't been there that long potentially a difference in opinion about which direction the co should be going.

Should get Finals late next month and maybe all will be revealed

[williamcooper104] 15/1/2021 09:18

Intu really doesn't help as a valuation Some will argue that as a credit bid it's not a true sale But however you look at it's not good Others argue that the debt should be adjusted for - as its expensive c6 percent c2-2.5 percent market levels - however the 2-2.5 is for 50-60 LTV on non troubled assets - at c80-85 percent LTV on a shopping centre with negative cashflow, 6 percent is actually attractive

[williamcooper104] 15/1/2021 09:15

With no job to go to

[propinv] 15/1/2021 08:49

Any views on intrinsic value here and likelihood of covenant breaches going forward

[williamcooper104] 15/1/2021 07:38

CFO just resigned

[1hughb] 14/1/2021 21:10

Prof Glenglad, I wouldn't worry abt old Millenial, he's like a weathervane gone wrong. When he says it's going down, it goes up. If you followed his implicit advice a while back to short at 16p, whereafter it went up to 29p + a 2p dividend..... well you'd have gone bust. Now he's waited for it to drop and once again advocating shorting (but he kept quiet about this at the high point). You can see just do the reverse to what he says to do really well. I'm just glad he says it's going down. Means that in the not too distant future it'll be soaring up......

[gary1966] 14/1/2021 10:45

Up she goes!!

Are we going to play this game all day?

[professor_glennglad] 13/1/2021 17:45

millennialinvestor (SHORTER) = FILTERED

[m_n_tomlinson] 13/1/2021 10:29

Looks like the Market insists on that double bottom.

They'll use Covid, Biden and Fake News as the pretext.

Pains me, but next stop back to 14p I suppose...

[researchcentre123] 07/1/2021 21:30

Blackrock are now up to 7% holdings.

[researchcentre123] 06/1/2021 12:18

More cash for Hammerson:

Barnet Council plan to buy Brent Cross retail park approved

By Simon Allin @SimonAllin3
Local Democracy Reporter, Barnet, Enfield and Haringey
Brent Cross South retail park will be bought by the council
Brent Cross South retail park will be bought by the council


Barnet Council’s plan to buy a retail park as part of a major regeneration scheme has been given the green light.

Senior councillors approved the purchase of Brent Cross South Retail Park at a meeting of the urgency committee on Tuesday.

The deal is designed to ensure the Brent Cross Cricklewood scheme – set to provide 6,700 homes, a Thameslink station and a new shopping centre – goes ahead as planned.

It is not yet known how much the council will spend on the site, which was put up for sale last year by owners Hammerson and Aberdeen Standard, as the figure is currently classed as commercially sensitive information.


The retail park lies to the south of the North Circular Road, a short distance from Brent Cross Shopping Centre, and is home to outlets such as Next, Sports Direct, TK Maxx and DFS.

Council leader Cllr Dan Thomas told the committee: “There is a housing shortage still, and we will not address this, or rising house prices, if we do not build the homes that people need.

“We are committed, as a council, to delivering homes for current and future generations, and this is why we are considering the acquisition of the retail park. This will reduce uncertainty and allow us to bring forward the delivery of new homes.”

John Dix, a member of the public, asked the committee what level of certainty the council had that the site would be needed in five years’ time, to ensure it did not lose out on any drop in its value.

Cllr Thomas said the council was “100 per cent committed” to regenerating the site, describing it as “absolutely crucial” to the Brent Cross Cricklewood scheme.

The council leader added that a mitigation plan had been drawn up to address any risks to the local authority.

Cllr Thomas pledged to share as much information about the transaction as possible with the public once it had been completed.

After discussing the commercially sensitive information during a private session, Cllr Thomas and the other committee members – deputy council leader Cllr David Longstaff and Labour leader Cllr Barry Rawlings – approved the buyup.


The council expects to complete the deal by the end of January.

[gary38] 05/1/2021 16:49

Over 6 million shares brought in 3 late trades.