Hammerson Share Discussion Threads

[bondholder] 06/5/2020 13:59

France opening shops from the 11th May.

[nickrl] 06/5/2020 13:59

hpcg others have got equity raises away but they've had a reasonable business model to drive confidence indeed look at LMP yesterday who got +20m on there target with ease. HMSO as we know aren't in this camp and would have to run a deep discount to get any raise away. They need to lean on the banks whilst there not interested in taking on properties to see what slack they can cut. They could have also provided a further update especially as they must by now have a position on Value Retail rental position. Also France, Spain and Ireland have published exit strategies so they can factor in how they see that playing out.

[williamcooper104] 06/5/2020 13:14

I think the reason why was because it was a little less than NAV (note that NAV included a very massively rented Bicester on a seriously tight 3 something yield) Nuts

[williamcooper104] 06/5/2020 13:11

Yep a heavily discounted rights issue is likely the only way forward if they are to avoid being penny stocked Pre 2020 hmso was on my watch list on basis of strip everything out and you're left with Bicester - which was then arguably the best European retail asset But Bicester depends upon Asian/Middle Eastern tourists turning up with suitcases to drop £30k shopping - going to be a long time before we see that again

[hpcg] 06/5/2020 12:06

And who doesn't remember that? What was their reason at the time, I forget. Something like 'that valuation doesn't reflect the forward pay the board and execs would be losing out on'?

[s34icknote] 06/5/2020 11:47

Turned down 625p offer in 2018 !Sicknote

[s34icknote] 06/5/2020 11:40

May be Orion will come back with a one billion offer for the whole of Hammerson ????Sicknote

[s34icknote] 06/5/2020 11:36

I had income at 314 million without 50 percent share in premium outlets which i think is the villages ?Interest 89 million reducing now due to 600 million disposals last year .Admin costs 50 million Save 133 million final div 14 p not paid , now banked 21 million .Surely that coves a years costs ?Sicknote

[riostroy] 06/5/2020 11:31

All the bad thing should have been already factored in the price, but no - FTSE is rising second this week, Hammerson is only tanking

[777mason] 06/5/2020 09:09

book how would it achieve this? I see no value in asset

[bookbroker] 06/5/2020 07:42

And £21mln. will not resolve the issue, they have probably spent that much on preparing the business for sale!

[bookbroker] 06/5/2020 07:38

Another fall today, this company needs to raise cash, and fast.

[s34icknote] 30/4/2020 19:50

Lots of buys at end of day.Some one accumulating ?Seller cleared ?Sicknote

[777mason] 30/4/2020 15:03

I hate to be doom and gloom but I have a very bad premonition that we may be heading for a shares consolidation.it seems to be the norm in these times of uncertainty, hope I'm wrong.

[nickrl] 30/4/2020 15:02

NY Boy dont disagree but social distancing in whatever manifestation by people or businesses imposing restrictions will impact retail takings so sustainability of rents at current values highly unlikely. Irrespective of tenancy agreements tenants will have the upper hand here and any smart landlord that makes overtures to share in the pain is more likely to survive than one that believes it can go for the jugular. Trouble is people running most of these companies win out whether the company survives or not it us shareholders that will be the long term losers

[s34icknote] 30/4/2020 11:04

Nibble a few this morning .Can see 1.00 easily Sicknote

[ny boy] 30/4/2020 10:24

I disagree, people will take a view about going to shops again, people are used to social distancing, some will be ok, maybe some will wear face masks, others may stay away for a while but the more shops that reopen the more customers will embrace the new landscape. Pret has just reopened here and Paul is selling bread and patisseries again but by a desk at the front door , all staff are wearing gloves and cask masks. Other shops will slowly start to reopen.

Anyway, investors are buying the dips here as the share price is very over sold imo

Let’s see where the share price is at the start if Q4, I see it above 100p

Everyone dyor as usual

[777mason] 29/4/2020 14:26

it going to be a year before people have the confidence to go back into shops never mind all the rate hikes that will never come through, then you have all the sell-off shopping centers that will go towards debt repayment, then you have the construction of Brent Cross shopping center which will be a money pit which you and many others will be contributing to, so when you say long team you mean 7 years, so ill see you then.

[nickrl] 29/4/2020 14:06

The whole of this sector is riding the wave that there is light at the end of the tunnel and things will get back to normal. This is hardly surprising as majority of populous have never experienced bad times so just can't compute what might happen and thus can't see the downside here. Problem is the ride isn't stable so just go with it till you lose confidence and jump off before others do and wait for the next one.

In the long run HMSO business model is significantly impaired until tourism gets back, if it ever does, on its feet and it will lose at least 50% of NRI for at least 2-3 years. Currently though this won't break it because the banks don't want a stash of unsalable property on there books so covenant tests will be waived and loan terms will be extended with some interest rate reductions. So no divis for the foreseeable and therefore whats the point unless you reckon some white knight is going to swoop in.

[ny boy] 29/4/2020 13:53

Lol, you go short then, I’m staying long here and many other stocks, trend is up on global unlocking and pharma breakthroughs for Covid treatments and vaccines.

See you at 146p GL

[777mason] 29/4/2020 13:40

MM teasing you in this will drop to 40p don't be fooled by the uptrend

[ny boy] 29/4/2020 12:20

On this run up, I am expecting to test resistance 1, about half of the fall from 300p at start of year.

Resistance1: 146.07P Resistance2: 236.00P

[bolador] 29/4/2020 09:31

bookbroker,

Broker estimates of liquidity seem to vary a little around the 1B mark ex retail park sale.
The sale is in the last chance saloon until May 6th.
I would not be surprised if a deal was concluded at a lower price but that is just guessing. Co could take a ten per cent hit here without banking trouble.

[bookbroker] 29/4/2020 09:01

I respect your view on the valuation, and I have been tempted, they have some trophy assets like the Victoria Arcades in Leeds, as attractive a covered, shopping mall as you will find in a pretty vibrant city. However I just find commercial property companies with large retail footprints a bit scary at the moment, and their leverage difficult to fathom with the pressure on rents. I might tempt myself with a small punt, but the whole market seems to be rocking upwards at a heck of a pace considering many of these restrictions will stay in place in public places in one form or another, or conditional, and how the consumer will act. I do think the Covid virus a little sensational, feel as though I have had it in a mild form, but until tested I will not know, but that something I will do when general testing avaliable. The fear is likely worse than the virus, thoughts nonetheless to the victims and their carers, but headlines always make for difficult reading. The deal is many more people have had it than statistics suggest, and the majority showed minor symptoms, asymptomatic essentially, and the majority of mortalities had serious underlying health issues or were infirmed within care homes. Severity varies so much from one to another.