Hammerson Share Discussion Threads

[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

[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.

[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

[the original goldbug] 20/2/2021 11:40

The other tell on this is that short interest has collapsed while not causing much of a rally on covering. That should give us a big hint about how institutional longs view Hammerson.

[the original goldbug] 20/2/2021 11:35

Even back then there were big workouts and complexities. I remember getting done in Speymill for example, when greedy Jim Mellon played poker with the banks and lost...

[williamcooper104] 20/2/2021 11:08

Very true; there is an upside here (IMO) but will require flawless management execution It's not like 2009/10 when you just had to wait for cap rates to come back down to earth

[sr2day] 20/2/2021 05:02

post pandemic a ten bagger.

[researchcentre123] 20/2/2021 04:23

How come the change of view or is it you normally do shorter term trading and this is an exceptional long term trade for you? Anyway I don't see how these can't be up post- pandemic

[williamcooper104] 19/2/2021 13:08

Good piece towards end of last nights news night on shopping centre future - has old film reel of the original bull ring

[blure] 19/2/2021 01:08

Miss the buy... At close.. Gonna see if it dip at open will. Make a buy

[researchcentre123] 18/2/2021 19:56

Hope it buys you a nice convertible for the summer millenial......