Hammerson Share Discussion Threads

[manrobert] 20/4/2018 16:22

are Elliot capital brokers?

[cc2014] 20/4/2018 15:55

I see the move timed exactly with the Elliot RNS but I can't figure whether that's just coincidence or not.

Share price is reacting like another bid? or rumour of one

[tonysss13] 20/4/2018 15:31

looks like Elliott capital have taken a stake? or did they already have one?

[r ball] 20/4/2018 12:44

Didn't hmso management buy granthester at a premium and sell their London offices at the bottom. Ps: I've been a holder since Tuesday.

[r ball] 20/4/2018 12:42

Isn't klepierre barred for the next 6 months. How about Simon property?

[galatea99] 19/4/2018 22:56

Calls for management to step down:



They really do richly deserve the Order of the Boot.
Get rid of them, make a call to Paris, get talking to Klépierre
and get the shareholders the reward they deserve and that the self-serving directors wish to deny them.

[blueteam] 18/4/2018 09:00

Bought back into INTU just now and hold these. Will let both run expect at some time both to get bought out.

[manrobert] 18/4/2018 07:49

a good decision for shareholders and should give shares a push.

[cc2014] 16/4/2018 13:30

Today's price action certainly suggests more nervousness around this than at the end of last week.

The volume on both HMSO and INTU is not that high though. Higher than usual but not a decisive enough volume for me to determine a firm view

Interesting times

[manrobert] 16/4/2018 13:02

doesn't look like board will be able to get this bad deal for intu with opposition mounting.

[manrobert] 16/4/2018 12:25

nice move up hopefully some better news to come.

[galatea99] 15/4/2018 09:47

"Hammerson merger deal with Intu on knife edge"

"A top 10 Hammerson shareholder said he would “struggle to support” the Intu merger following Klépierre’s offers, which highlighted Hammerson’s standalone value. APG, a top five investor, described the deal as “insufficiently attractive”.

Analysts predicted that Hammerson could seek to renegotiate the Intu deal on better terms given the weakening of the retail market. If it walks away altogether, it could try to placate shareholders through asset sales and share buybacks, they added."

[manrobert] 15/4/2018 09:33

times today suggests bid for intu on a knive edge and could either be renegotiated or abandoned

[galatea99] 14/4/2018 12:54

"British shopping centre owner Hammerson's proposed takeover of rival Intu hit a stumbling block this evening, after a top three shareholder said it would vote against the deal at an upcoming meeting.

Dutch pension fund APG wrote to the chief executive and chairman of Hammerson saying it had "substantial concerns" over the deal, citing the current retail environment and the increased financial leverage of Hammerson after the proposed takeover.

"Furthermore we believe the proposed acquisition will significantly dilute Hammerson's high quality portfolio," the pension fund said.

APG holds a 7.22pc stake in Hammerson, making it the company's third largest shareholder."

[manrobert] 13/4/2018 17:59

yes you may be correct but peel hunt announced after market closed so we will have to see how intue opens on Monday.

[cc2014] 13/4/2018 17:34

The move in INTU share price today suggests the deal will go through else the INTU share price would be floundering now.

Peel took this line about a month ago and continue to stick to it.

I'm not sure the market view is as negative as Peel suggest either.

HMSO share price before the announcement was 545p. Now 470p but 20p dividend paid. Overlaying the performance of LAND shows the sector overall has fallen.

Klepierre down about 10% this year too.

GLA

[manrobert] 13/4/2018 17:19

interesting post by peel hunt suggesting takeover of intu may be in trouble due to lack of enthusiasm from hammerson shareholders.

[manrobert] 13/4/2018 15:08

pretty good recovery.might even hit your 480 CC

[cc2014] 13/4/2018 13:41

John Whittacker, Deputy Chair, already owns 27.2% of INTU and around 5% of HMSO.

[cascudi] 13/4/2018 13:15

If the board is so confident about the company being undervalued than is time for them to take wallet out of the pocket and buying huge amount of shares.

[cc2014] 13/4/2018 11:22

well. These things do happen. Take a look at GNK this week. Shorters spent the last year shorting it and then accelerated their negativity after Christmas.

Meanwhile management were doing all the right things. It's up nearly 25% from the intra-day low on the date before results. Goes to show the shorters don't necessarily know what they are doing and nor do the algo traders which just run and re-inforce the trend.

[manrobert] 13/4/2018 11:04

yes you are right lets hope we are all still alive when price gets back over 600.

[cc2014] 13/4/2018 11:00

Those large shareholders are saying that the future value of the company far exceeds 635p.

Which is interesting as the share price is 463p and you think if it was that great a bargain they would be mopping them all up right now.

Happy to sit tight here and collect dividends until the share price sorts itself out. The board must have confidence in future profit streams

[manrobert] 13/4/2018 10:42

yes of course only private investors!

[trcml] 13/4/2018 10:24

"Of the 25 largest institutional investors in Hammerson, 20 also own stakes in Intu; these shareholders own a combined 63% of Hammerson and 71% of Intu."

HMSO board won't need to justify anything. Other people's money.