Hammerson Share Discussion Threads

[flyfisher] 16/3/2021 19:27

According to shorttracker, short interest increased to 7.4% today.
Yes increased!

[flyfisher] 16/3/2021 17:01

Smithie, As retail investors we will be last to know, at my guess a couple of days behind.

Normal volume is around 30m, todays volume of 92m is perhaps significant, and no sign yet of M.S. reducing.

[ifyes] 16/3/2021 16:46

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[smithie6] 16/3/2021 15:32

flyfisher
good info

'equity swaps'. I've learnt something, thanks for sharing

[return_of_the_apeman] 16/3/2021 15:25

If the shorts are closing out it will take them about a week at this volume imo

Picture might be clearer once trades at end of the day are printed

[flyfisher] 16/3/2021 15:00

With regard to the rns on M.S. position.

It shows that they have 7.65% in shares
Another holding that is out on loan to a short of about 0.3%
And their residual position is by equity swaps, these are a swap between an index price and hmso price, with M.S. being entitled to the HMSO appreciation against the index.

It would seem that M.S. have enough physical stock to sell to the shorts and have leveraged into that position with equity swaps. As i previously commented i think M.S have set a trap and executed it well so far.

The length of the equity swaps is interesting as M.S. have so far been in no rush to take a quick profit.

[flyfisher] 16/3/2021 14:41

Smithie, unlikely that shorts have reduced by much as they are 276m short in total. Whilst todays bigger volume may indicate that someone is closing a short position, it is still about 14 days of normal volume to cover their cumulative positions.

The way i see this is that Morgan Stanley have set a trap and that the shorts have not seen it coming.

[smithie6] 16/3/2021 14:30

chart

a little plateau at 11am & again at 2pm

not fallen back so far despite big % rises

positive signs imo

[smithie6] 16/3/2021 14:18

Morgan Stanley

equity swap.
6 Dec.
12 Dec
21 Dec

anyone understand this stuff ?

are these positions still open or are historic old positions ??

[smithie6] 16/3/2021 14:13

flyfisher

I would be willing to bet that shorters are reducing their positions, or have closed
with such big % moves against them yesterday & today surely they wld be mad to keep their position unchanged.

(but who knows they could be running some strategy, such as a pair trade, such as being long on another shopping mall share elsewhere
& maybe overall they are ahead, I don't know. But this chart is shouting to shorts, "close out", imo.

[davvero] 16/3/2021 14:12

what exactly are the shorties waiting for? the share price to go down? The share price to go up? And to what levels.... I have never shorted so no clue... If you had shorted here yourself what exactly were you aiming in %? And what would you do right now?.... Grateful for any enlightnment

[smithie6] 16/3/2021 14:09

has anyone decoded the significance of the RNS at about 1pm, ref. the different holdings of Morgan Stanley ?

[flyfisher] 16/3/2021 13:49

Short tracker has positions unchanged at mondays close, still 6.8% short.

[smithie6] 16/3/2021 13:24

I doubt it, considering that X trillion shares were traded today

the world, & its mates, seem to have decided its a buy; so its unlikely imo they will suddenly change their mind

while yes, pullbacks do happen, this had one at 33p.

[sr2day] 16/3/2021 13:15

algos going berserk.could easily reverse all daily gains as swiftly.

[cumnor] 16/3/2021 13:04

Great stuff-still at a fraction of NAV.

[smithie6] 16/3/2021 13:02

oops, my mistake, 43p.

[smithie6] 16/3/2021 12:05

41p now

lurvely jubbly

& not so many weeks to wait for

- the scrip divi, may help motivate the shorters to close out

- the shops/malls to open up again. :-)

[researchcentre123] 16/3/2021 11:19

There was a 5 times stock split but yes huge stock dip the last management were really rubbish but happily they are gone now. Comparing the new and old management is like night and day now.

[smithie6] 16/3/2021 11:11

NAV was 730p in Feb. '19, you say

wow !

& big share price fall over last 5 years
the holders of >3% have lost a lot of money.

[noujay] 16/3/2021 11:09

Plenty to come then!

[elsa7878] 16/3/2021 11:01

Valued at under 25% of NAV and now 50%

[smithie6] 16/3/2021 10:05

from 25% to 50% is not "down"

perhaps you made a typo somewhere ?