Hammerson Share Discussion Threads

[flyfisher] 05/3/2021 11:02

Morgan Stanley have played this well, having bought 8%+ at prices from 21p to 27p and in the process pressuring the 7.5% short interest.

Now over 33p it has risen every day since they stopped buying.

The short interest at 304m shares would need about 20 - 30 days of buying to cover their positions. Unless they go direct to M/S.

It looks like a short squeeze to me.

[return_of_the_apeman] 03/3/2021 20:36

Well that's a breakout on the chart

Didn't get a chance to top up on the breakout as was busy, might have to buy in the morning or join the growing club waiting for a pullback :-(

With approx. one month until shops re-open this could go on a nice run I hope

gla

[flyfisher] 03/3/2021 17:04

Thanks william.

[williamcooper104] 03/3/2021 16:49

It's way more leveraged and exposed to U.K. economy where vaccine optimism is higher than for continental Europe

[flyfisher] 03/3/2021 16:21

This rise over the last 8 days is now around 50%.

It is not mirrored by its european sector competitors Unibail rodamco or Klepierre.

A rise of such proportions is normally due to a bid or short squeeze, but their is no evidence yet of shorts reducing.

What is going on?

[1hughb] 03/3/2021 08:24

I think there's a long way to go given net asset value of around 1 pound and new management repurposing the assets. Guess we see.

[researchcentre123] 02/3/2021 22:35

Well at least you made some money Millennial. I'm waiting for the end of the pandemic before getting out but with the volatility you might be lucky on a dip. All hard to say really - if ms keep buying Cld push up the price more but short term I always find hard to predict.

[chucko1] 02/3/2021 16:15

Needs the Chinese Pound before Bicester flourishes again. Some of the shops there are bankrupt, so some incentives required to get it up to speed again.

Also, the Chinese will take their time coming back to the UK - they tend to be pretty cautious about their health.

[davvero] 02/3/2021 13:23

@return_of_the_apeman

hahaha... Well, I was not asking for any illegal info, not even precise one of course, I don't want to end up in jail as your accomplice... Just a gut feeling about the situation should keep us legal for now

[return_of_the_apeman] 02/3/2021 13:05

@davvero

If I have that sort of info in advance I would be very rich or in jail or both :-), we can watch here

[williamcooper104] 02/3/2021 11:52

Dangerous to short Whatever the longer term outlook there's likely to be a positive sentiment on shops re-opening and hopefully queues back again at Bicester (even if not everyone is spending £20k on a shopping trip)

[davvero] 02/3/2021 11:30

@return_of_the_apeman

Will the shorties strike at 30 then? When are they going to close, as they have no choice now - ?

[return_of_the_apeman] 02/3/2021 10:56

Morgan Stanley up to 8.3% now, a close around 29.5p means next chart resistance up at 70p

Perhaps MS continual buying will push this above 29.5p

[1hughb] 02/3/2021 07:19

Buying for themselves I would assume? I imagine if it were for someone else, they'd have to say who as it's above 5%?

[flyfisher] 01/3/2021 14:09

But who are they buying for?

[1hughb] 01/3/2021 13:50

Morgan Stanley are still buying - 7% now

[w1lbur01] 28/2/2021 15:08

Maybe a budget boost for shops will be good here for rents?

[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