Hammerson Share Discussion Threads

[williamcooper104] 09/5/2020 02:31

Sicknote More chance of picking up a winning lottery ticket in a deserted Bicester village than of getting a buy back What's available to be drawn and can actually be drawn without tripping covenants are two very different things

[williamcooper104] 09/5/2020 02:28

I think HMSO is the only major reit who have actually managed to keep the same core management team in place who screwed up in the 2008/9 in place to screw up yet again in 2020 They sold their London offices at 50p in pound to Brookfield They then turned down an opening bid from Klipeire at just a little below NAV (suggesting K would have paid NAV or close to it) They told everyone they were going to go super prime and European to get diversification - then they actually tried to merge with Intu Remarkable track record - it's failure over many years and cycles

[s34icknote] 08/5/2020 23:24

They have drawn 100 million from 1.2 bn liquidity available .A years running costs no more than 150 million Div saved 113 million 21 from Orion They were paying 25 p on divs last year !Why would they raise money !Could do a share buy back !Sicknote

[eater24] 08/5/2020 21:24

What price do reckon they might do a rights issue as mentioned in the FT

[sr2day] 08/5/2020 14:58

i would only fret if it was four days away.this share is very volatile.it could be 80p
next week.the only people who need to fret are the hedge funds because once there is a flow of good news this will motor.Bricks and motar rarely let you down.Very versatile.

[salpara111] 08/5/2020 14:42

Without a decent bounce they will be relegated from the FTSE 250 at the next cut which is about 4 weeks away.

[sr2day] 07/5/2020 15:23

we need a massive short squeeze in the last hour to make up yesterdays loss.

[researchcentre123] 07/5/2020 14:46

I found it encouraging to see Lighthouse Capital buying as they look like they are experts in this area

[researchcentre123] 07/5/2020 14:41

Maybe Debrnhams were looking for an out as times have just moved against them and this just pushed them over the edge - perhaps they were looking for a ridiculously low rent taking advantage of the situation?

[bolador] 07/5/2020 14:05

TRCML

Good point, not all floors are taken but it is interesting to note that the company was not able to agree a new lease wth Debenhams but rather accepted terms from Next for part of the property.

[sr2day] 07/5/2020 13:46

risk/reward in favour of the holder IMO.

[trcml] 07/5/2020 13:45

"ALL 5 of the Debenham stores that are to close will be rented by Next from Hammerson First good news for a while !!"

Hammerson's press release doesn't say Next is taking the entirely of the Debenhams stores.

:The Beauty Hall from NEXT will replace Debenhams’ beauty halls in Hammerson’s flagship destinations. Hammerson will also pursue opportunities to repurpose the other floors…"

[s34icknote] 07/5/2020 13:40

Light house capital increasing their holding .Sicknote

[hpcg] 07/5/2020 13:26

I closed, but then I am just an insignificant spread better. I'll likely put it back on though. NXT will be paying a lot less than FRAS was previously paying, even if clearly more than FRAS was offering. However if you look at the excellent work NXT has done cycling its stores to reduce its rent bills. I bet this is a short term lease, as it is a trial concept for NXT, and the rent revisions if any are specified will be down, not up. No press from NXT that I can see.

[sr2day] 07/5/2020 12:53

you can tell some are closing if you look at the trades.many may close before the long weekend.

[okosling] 07/5/2020 12:22

I just looked up the short interest level this morning. Last time I looked, HMSO was at no.7 in the list of most-shorted shares, and now it has risen to no.2, with 9.9%. This is surely a strong positive: that's a massive amount of forced buyers at some point in the foreseeable future. If the shorters have their stop-loss levels triggered, it could rise quite quickly.
hxxps://shorttracker.co.uk/

[sr2day] 07/5/2020 12:16

Orion may regret not buying the retail parks for 400m.ontop of it lose another 21m plus costs.

[sr2day] 07/5/2020 12:13

hedge funds need to close for it to really motor.

[sbb1x] 07/5/2020 11:44

Bottom in.... bounce on....

[sbb1x] 07/5/2020 11:41

Here we go...

[bolador] 07/5/2020 11:10

ALL 5 of the Debenham stores that are to close will be rented by Next from Hammerson First good news for a while !!

[sbb1x] 07/5/2020 10:58

Taken a few

[w1ndjammer] 07/5/2020 10:57

in with a few at 47p lets see how this pans out.......

WJ.

[sr2day] 07/5/2020 10:52

that will be great if it happens.100p in no time.

[bolador] 07/5/2020 10:47

Next to take on Debenhams lease.