Hammerson Share Discussion Threads

[irishmatt] 12/3/2021 07:41

10 times the amount in shares, though I wouldn't describe them as worthless.

[terminator101] 12/3/2021 07:12

Lol, or you can have twice as many worthless shares in return for a 6% dilution in the company.

[hopan] 12/3/2021 07:11

Great work! Thank you nb92

[terminator101] 12/3/2021 07:08

Dire results but paying a dividend of 0.2p! Its got a whiff of carillon about it.

[nb92] 12/3/2021 00:25

Name Shares Instruments Total
APG 22.05 - 22.05
Lighthouse 21.18 - 21.18
Morgan Stanley 7.37 3.31 10.68
Blackrock 4.99 1.95 6.94
State Street 3.63 - 3.63
Vanguard 3.25 - 3.25
Legal & General 3.23 - 3.23
Norges Bank 2.02 0.92 2.94
Peel 2.94 - 2.94
Coronation 2.64 - 2.64
De Beers 0.92 - 0.92
Goldman - 0.10 0.10

Total 74.22 6.28 80.50

Taken from the holdings RNS's over the last few years. May be slightly out if i've missed something. Likely Morgan Stanley increased to around 12% in the last two days based off the rate at which they've been buying.

Current shorts showing at 6.81%. But that doesn't include any shorters under 0.5%. So almost certainly 1-2% higher if not more. Very little liquidity if they all head for the exit doors at once.

Allianz unlikely to have bought much below book on the two Paris ones as it would essentially downvalue their existing majority stake if they did.

Results should also include that Brent cross retail park also has been sold to the council for approx 50m.

Flannels taking a 21,000 sqft unit in Westquay in the last few days shows there's still demand for large units.

We could see a resurrection of the Next Beauty Hall deal now Debenhams are gone also.

The new management are well motivated and aligned, due to salaries being mostly in shares, and the majority shareholder (Lighthouse) essentially in charge. Expecting a nice uplift tomorrow (25%) and if the shorters call it a day, as they probably should at this point, then a large increase (40%).

Hammerson at 33p = 33% NAV (Approx)

British Land = 72% NAV
Land Securities = 63% NAV
Klepierre = 67% NAV
Unibail = 64% NDV

[aby1972] 11/3/2021 22:46

Why would you say 10percentWhere do you get that from

[davvero] 11/3/2021 21:54

Impact of the French sales in the news this evening should boost share price ..10% up?.... all will be revealed soon

[return_of_the_apeman] 11/3/2021 15:49

Morgan up to 10.68% now, they are really making a dent in the free float - adding more woes to those short

At a third of nav it must be tempting, I don't think it will happen though

We shall see

[researchcentre123] 11/3/2021 14:28

Any chance of this being taken private do you think? Given that more than 50% is in the hands of 3 groups now?

[return_of_the_apeman] 11/3/2021 10:57

Morgan Stanley back on the buying offensive yesterday and today, nearly at 10% now :-)

[williamcooper104] 11/3/2021 10:17

That would be the best thing and the typical new CEO thing to do But bank covenants means they won't be talking down their valuations

[catsick] 11/3/2021 08:58

My guess is kitchen sink the results, clear the decks with write downs and have everything in place for the 2021 results to look fantastic, any nav quoted north of 75p will be ok and give a runway for a great share price recovery

[return_of_the_apeman] 10/3/2021 21:17

Good spot Hopan

Caxton must be sweating a bit now having added a massive 0.83% to their short at 27th Jan circa 20p - ouch

[hopan] 10/3/2021 17:56

It looks like on March 9th, one hedge fund closed its entire short position of 0.47%, corresponding to around 19mio shares. Similar moves from the remaining shorters can be expected as well. Maybe at the first price retrace.

[davvero] 10/3/2021 11:06

@Researchcentre123 + Bossonmad......... thanks - good comments

[bossonmad] 10/3/2021 10:46

another rns with someone increasing their holding. We know the updates going to be dire but the futures looking rosy with everything opening up and the pent up demand of people wanting to get out there to the shops is only going to bode well for hammerson

[researchcentre123] 10/3/2021 10:45

Probably some write down in value, counteracted a bit by the planning permission they got in central London. But I would hope that is allowed for given the trading at 1/3 net asset value. It's all slightly artificial - who on earth revalues their house every 6 months and counts that as their income going up or down? We only count the profits when we actually buy or sell it. Morgan Stanley clearly aren't too worried given the 8 percent they bought just recently. Short term who knows about price, post pandemic I think it's still cheap with the current net asset value of a pound or so, and a lot of coming inflation.

[davvero] 10/3/2021 10:20

What's the general gut feeling about this Fridays results?

[davvero] 05/3/2021 18:57

Researchcentre123

all the thousands of small trades might be funds on automatic buys/sell connected with maybe individual small investor accounts - ?.... Anyway, anytime I look at the buy-sell page on London Southeast I rarely see large buy orders... with a share steadily going up it seems very odd indeed

[researchcentre123] 05/3/2021 17:15

You think 56m share trade suggests a short squeeze? I see it's 3 days volume of shorters out there when I last looked

[researchcentre123] 05/3/2021 17:13

I've always wondered about the small trades myself - is someone really buying 4 shares - I assumed that somehow they were trades amalgamated by computer trading systems ie they are all parts of trades, but I don't really understand it

[davvero] 05/3/2021 14:20

I can't understand the day by day huge amount of silly small trades.... I very rarely see a large trade above 15K.... So is MS buying privately then?

[return_of_the_apeman] 05/3/2021 12:43

Will have to check shorttracker when it next gets updated, but don't think there is a short squeeze yet as only approx 26m traded today

It is going to be a good day for volume though - my guess is with circa £1 nav and good news coming re shops opening back up - the market is waking up to the opportunity here and is turning risk on

[researchcentre123] 05/3/2021 11:57

A profit is a profit is a profit and the best deal is always the one you didn't do.....human nature!