Hammerson Share Discussion Threads

[manrobert] 27/4/2018 13:18

I was thinking along the same lines also 9% shareholder was not impressed with the board so 19%shares would swing a deal

[cc2014] 27/4/2018 12:35

If I were Elliot I'd buy every single share I could under say 570, and then I'd phone K up and tell them to make an offer.

Probably acquiring 10% of the shares should be enough to force a vote regardless of what the board support or not.

[r ball] 27/4/2018 10:53

I think the shareholders were angered by managements failure to engage with klepierre.

[cc2014] 27/4/2018 08:54

Should we take Jefferies seriously? K aren't allowed to bid for another 6 months under the rules. Unless of course the bid wasn't actually a bid but more an "offer".
It did seem like a bid to me.

A lower offer? Shareholders weren't sufficiently motivated to force the first one through so not sure why they would accept a lower one.

I do think both HMSO and INTU are very vulnerable at the moment.

I see Poundland are in the news now blaming the exchange rate for their woes because they can't put their prices up as they are a pound shop expecting some help with the rent. Seems to me more like there's a problem with their business model more than the exchange rate.

[manrobert] 27/4/2018 08:20

difficult to imagine why they would succeed with a lower bid

[r ball] 27/4/2018 08:16

Well they would say that won't they. And reading between the lines.....

[r ball] 26/4/2018 08:46

Intu could not have made an issue anyway. They would have been jilted at the altar.

[cc2014] 26/4/2018 08:28

INTU have decided to not make a further issue of the takeover.

HMSO seems strong this morning. Could be the above. Could be good UAI RNS (unlikely) or could be just market is in the move to go up.


Or it could be HMSO is now completely vulnerable to a bid and buying at any price below say 560 is a bit of a no-brainer. Wait and hold for takeover and if it doesn't happen just collect the dividends.


I don't care really. Happy to hold and not too much to think about.

[r ball] 25/4/2018 20:27

Not sure about French. Think agreed takeover is ok but hostile (was it hostile?) not for 6 months

[manrobert] 25/4/2018 16:12

be interesting to see how much stock Elliot areprepared to buy..also are the French group allowed to buy stock after what could be construed as changed circumstances.

[777mason] 25/4/2018 16:03

if we get the go-ahead to expand shopping center developments then I feel this will send a strong signal to share price to rise and put a value on Bid.

[manrobert] 25/4/2018 15:54

Elliot bt another 2m.

[r ball] 24/4/2018 18:26

No higher than 30 years ago...Elliott will have an impact. After all it was the Dutch pension fund that told them to cancel the Intu deal...

[manrobert] 24/4/2018 16:05

I stand corrected.they have awarded themselves another fistful of shares.disgusting.the share price is no higher than 5 years ago.

[manrobert] 24/4/2018 15:55

elliotstill buying and nothing news at agm on how the board intentto justify a higher price.i think Elliot will force them to reopen taks with the French.that is the only way the share price will rise.the board are out of ideas and should stand down.imo.

[r ball] 23/4/2018 19:39

Hmmm...wonder how active they will be?

[manrobert] 23/4/2018 16:18

looks like Elliot increased stake.

[manrobert] 23/4/2018 16:18

looks like Elliot increased stake.

[r ball] 23/4/2018 15:33

Agm tomorrow

[r ball] 20/4/2018 18:38

I don't have any set view on hmso having bought in on Tuesday other than they are "in play" and it'll be interesting to see what happens over the next few months. Hold on speculation...

[trcml] 20/4/2018 17:49

HMSO didn't sell their offices at the bottom; that was just coincidence. They sold because they decided to focus exclusively on retail. Wise move, in my opinion.

The Jefferies note comment is in my view inexperienced. In my experienced opinion, the HMSO board's position is not untenable and not facing "a Martin Sorrell day of reckoning." MS in my view resigned because in his heart of hearts he knows WPP's growth days are numbered.

I would agree however that HMSO is in play. but actually it always has been. Recent events including K's indicative offer have simply highlighted the attractions. Whether Simon Property will bid, no idea. There are other shopping centre operators - for example: hxxps://www.across-magazine.com/the-european-top-50-retail-development-operator-ranking-is-out/

And in 2017 Unibail-Rodamco of France bought Westfield, making UR the world’s largest mall operator.

[r ball] 20/4/2018 17:04

Hammerson are "in play" as I see it.

TRCML: - see my post of today re: management and Jeffries note out today. A bit scathing.....

[manrobert] 20/4/2018 16:48

I now see they are a very large American hedge fund.

[trcml] 20/4/2018 16:30

I buy shares not for long term buy and hold or dividends, but for short-term trading with an end in sight - currently for my holiday.

Having sold HMSO, I bought into Wm Morrison. Having sold Morrison at circa 10% profit, I reinvested in HMSO at £4.72, slightly less than I'd bought originally. Currently, up 14%.

I don't agree with analysts negativity regarding shopping centre investment, nor do I think the board should resign or be forced to - property directorates don't give up that easily! - nor do i. think the prevailing woes amongst some retailers is going to make any difference to HMSO's interests, nor do I think the internet is going to take over completely.

With Elliott activism, I reckon the next few weeks for HMSO's share price is going to be exciting.