Hammerson Share Discussion Threads

[buywell3] 22/4/2022 23:11

free stock charts from uk.advfn.com



free stock charts from uk.advfn.com


This should IMO have been sold off piecemeal years ago

With rates set to rise further and further this will now be very hard to do as buyers will be wary

[buywell3] 22/4/2022 22:58

IMO the chart suggests that the model is not working

[williamcooper104] 22/4/2022 22:19

U.K. retail sales brutal

[nickrl] 22/4/2022 18:42

Morgan Stanley unloaded 2% of their holding won't be helping the sp

[m_kerr] 22/4/2022 17:18

the sort of destination centres hammerson have held onto are the worst placed going into this consumer squeeze. casual dining, mid market fashion, days out will all suffer. they are catering to the discretionary spend (and tourists, particularly chinese, with their turnover rent fashion outlets), which is coming under pressure now, let alone when people face the need to turn on the heating in winter with fuel bills set to rise 30% again come autumn.

they shouldnt be paying even a token dividend at the moment, any surplus cash they generate needs to go into deleveraging or short term projects to boost cash reserves (e.g. redevelopment / repositioning).

whilst most other REITS are now putting covid behind them, hammerson's going to continue to struggle IMV. they sold the only reliable cash generating assets for a song, and are now left with centres that are seeing declining rents and occupancy.

[sam55todd] 03/4/2022 18:14

Daily going through Croydon mall - footfall is hardly reaching 25% from levels we had pre-covid, plenty of spaces substituted by much much cheaper outlets who definitely can't afford regular rent (not to mention people' drop in income/purchasing power) due to nature of their business model and scale of operations.
I'm not putting in doubt rent collection but absolute amount of rent collected (e.g. % from 2019 basis) will be actually way below to justify investment.
Long-term (4-5 years+) they might recover if financing is sorted.

[kibes] 01/4/2022 15:58

Had a walk round the Oracle Mall in Reading today, all the shops are occupied, none vacant and have recent stock well presented. A large new NEXT outlet has taken over from Debenhams. Looks like they will be paying the rent OK.

[pauladrew] 25/3/2022 09:11

Look at Hibernian Reit - Net Asset Value PS £1.5977 (according to ADVFN) vs cash offer (today's RNS) EUR 1.634 PS.

HMSO's Net Asset Value PS = 62.24p PS (according to ADVFN) vs current share price 31.70p.

Happy to follow the director's recent purchases.

[lawson27] 25/3/2022 08:47

happy to follow the directors in here @.31 GLA

[ny boy] 23/3/2022 05:48

Bigger pic, same will happen here, we follow the US

To position for a recession in America, Icahn said he’s betting against malls and commercial real estate.

Can’t see these really going anywhere imo so not an investment, although there are plenty of gamblers around at present

[777mason] 11/3/2022 13:30

Hope yr well, 123 targets of 25p for this company is based on trust MM have lost that privilege, Non-Executive Director of the Company, had acquired 96,405 Shares. Anyone else needs to get in while shareholders are prying for a rise. Plus, space outlets need punters, and item prices are rising while money is getting scarce, but I do hope this does go up for shareholder’s sake, good luck to all.

[trcml] 10/3/2022 13:24

"One thing that ought to have been done was agree an industry wide standard on what rent received actually means - eg if you restructure a lease to give a rent free period"

For valuation purposes, the norm assumed is 3 month-rent-free. Rent received is simply that.

[researchcentre123] 09/3/2022 20:56

Same old Mason!

[redoctober5] 04/3/2022 13:54

nickl why don't you bail out of here then.

[nickrl] 04/3/2022 13:32

Business smaller but admin costs up, capex up leaving insufficient free cash flow for even the pathetic dividend let alone the expensive scrip alternative just debasing the sharebase. And as Williamcooper observes discretionary expenditure is in danger of being severely curtailed as this year progresses and pretty well extinguished if gas prices don't drop back. Given its the only propco up today holders ought to bail out while they can.

[williamcooper104] 04/3/2022 11:05

Cannot see with £3k heating bills and 10 percent inflation we won't get a huge consumer recession

[johnwise] 04/3/2022 10:49

Liberum stays at 'sell' on Hammerson, 'still long way to go to rebuild business'

[williamcooper104] 04/3/2022 07:23

LoL Yes they sold their city offices at half price too to Brookfield Didn't understand why they sold them; any de-leverage benefit is outweighed by the loss of free cashflow Sounds like some sort of - let's become a pure play urban flagship specialist REIT management consultant vision; rather than - let's manage way best through the crisis - and cash is king

[johnwise] 04/3/2022 07:17

04/03/2022 7:00am

RNS Number : 6142D

Hammerson PLC Final Results

[m_kerr] 13/2/2022 10:13

Brookfield are crowing about how great a deal the hammerson retail park portfolio was. saying they'd double their money if they wanted to sell it (Sunday times). maybe £100-200m value left on the table. hammerson have been very generous in the past to Brookfield, having offloaded a £518m office portfolio at a rock bottom price. sadly they won't be back for the rest, as their shopping centres are structurally challenged dross.

this company (who despite earning millions outsource alot of their important decision making to management consultancy McKinsey) has been atrociously managed.

[williamcooper104] 07/2/2022 11:56

One thing that ought to have been done was agree an industry wide standard on what rent received actually means - eg if you restructure a lease to give a rent free period

[777mason] 07/2/2022 09:33

25 is my new target for this company.

[redoctober5] 04/2/2022 15:26

*Moody's changes Hammerson's outlook to stable from negative; affirms Baa3 ratings

[nickrl] 27/1/2022 12:21

NRI continues to drop back albeit thats mainly as a result of the sales but they are still giving waivers and then even whats actually billed don't collect anywhere near full amount for latest qtr coming in at a paltry 74%. Perhaps more is on monthly but they don't say that. Dividend not going anywhere but board have already stated that for 2022 so guess positive is the bottom is close but still expects NAV to be down 2-3% in H1.

[johnwise] 27/1/2022 07:24

27/01/2022 7:00am

Hammerson PLC Trading, operational and rent collection update

RNS Number : 7744Z