Hammerson Share Discussion Threads

[nickrl] 15/5/2020 10:13

Research good point and im sure the bankers will now want at least a bolthole close to the city to avoid the commute but if Khan put his money where his mouth was over resi they could kick start plenty of house building quickly.

[researchcentre123] 15/5/2020 10:06

I would have thought that Bishopsgate Goodyard would be the big potential to turn things around long term. I see that there are 1.4m sq ft of office. Given the current climate, it wouldn't be too hard I would imagine to make that residential instead (After all, with what's going on people will be using much less office...or at least the new offices are in people's homes). 1.4 million with say just 50% residential. Don't know values there but let's say that residential is £400 sq ft more than office as it is at least in much of London. £400*600,000 =240,000,000 of whichHammerson get half or 120 million more than before if it's correct they own half. There must be a lot of other opportunities like that.

[maverick081267] 15/5/2020 09:23

Light house will have 10 percent soon

[williamcooper104] 15/5/2020 09:17

They previously said that they could withstand a c60 percent fall in passing rent without triggering covenants - that's now happened so highly likely that their interest cover covenants are at risk (hence why they have not drawn all their available bank debt as that would for sure bust covenants) The ICR covenants are low at around 1.2 - so if they are close to the covenants they are also v close to an actual interest payment default They've c£200m of debt to refinance in 2021 - if it's not refinanced by next balance sheet date they will struggle to get a clean going concern opinion So all in all the distressed rights issue looks increasingly likely

[researchcentre123] 15/5/2020 08:50

Is there a list of hammerson major shareholders somewhere?

[farrugia] 15/5/2020 08:47

i bought a bit - what if the government supported retail by paying the rents!? They have to do something soon or there won't be any retail left. Also, this is bombed out - isn't retail going to open beginning of next month?

see what they're doing in Malta


'Businesses will be given up to €25,000 per year for three years for a maximum of €75,000. The property must be rented from the private sector and cannot be owned by relatives of the applicant, the minister said, adding that showrooms are not eligible.'

[aim999] 15/5/2020 08:45

As mentioned in a few posts ago.... Australia and New Zealand has gone retail crazy now the shops have reopened ...... it is like Christmas in the malls..... Uk is only a few weeks behind. The headlines will be how crazy busy the shops are in the coming weeks and this will zoom higher with a booster as the shorts are closed ... sit it out

[researchcentre123] 15/5/2020 08:41

Bad news is immediate..good news usually spread over time. The good news is the virus is going down, care getting better, lockdown slowly easing off...all over time

[researchcentre123] 15/5/2020 08:28

What's the deal with rns?

[riostroy] 15/5/2020 08:25

Shorters still leading the game at low volume trade today

[aim999] 15/5/2020 08:20

I suspect we will see an RNS again.

[s34icknote] 15/5/2020 08:14

Shall we place bets on the rns holding announcements today ?A pony on lighthouse !14.20 !Sicknote

[researchcentre123] 15/5/2020 08:12

Actually Maverick it's like buying a million pound house for 70k when you know inflation is due to hit..,

[researchcentre123] 15/5/2020 08:10

Had a look at Lighthouse who keep buying shares. Seem to be controlled by the de Beer family the diamond magnates. I found that encouraging as they are clearly not fools and have a history of doing well

[maverick081267] 15/5/2020 08:10

This price is like buying a million pound house for 200k

[s34icknote] 15/5/2020 07:28

Sky news says covid in London could be gone in three weeks Headline news Sicknote

[aim999] 14/5/2020 22:31

Here you go ..... if this happens in UK like it has over the last week in Australia ( and now New Zealand too) this will quickly be over a quidhttps://www.bbc.com/news/av/world-australia-52616232/coronavirus-crowd-concerns-as-australia-s-restrictions-ease?intlink_from_url=https%3A%2F%2Fwww.bbc.com%2Fnews%2Fworld%2Faustralia&link_location=live-reporting-map

[okosling] 14/5/2020 22:31

Tipped in today's issue of Investors Chronicle: "Sell Covid-struck Hammerson at 52p".
The chance would be a fine thing, as I added some more today at 41.28p.
It's not a particularly good article and says nothing which we don't already know.

[aim999] 14/5/2020 22:29

Australia and New Zealand have reopened retail and it's like the Boxing Day sales. Myer the main department store has accelerated its reopenings. I'm Sydney based and picked up a nice holding here at 39-42p yesterday after seeing the doom compared to the hysteria down under. Once they open up the stores the headlines will shift. People love shopping. Quality shopping centres will have a place as will online.....this could be a moment we look back in and say how bloody cheap why didn't I buy. I remember during the GFC a few shares I snapped up (and probably sold too quickly) at 5p that went back to £1 very quickly once failure wasn't likely. These are priced to fail but in reality it wasn't in the interest of any stakeholders for it to fail.....https://www.businessnewsaus.com.au/articles/myer-to-reopen-eight-more-stores.html

[sr2day] 14/5/2020 21:21

looks like lighthouse means business and i would not be surprised if they make a full bid in due course.should climb over 100p in a massive short squeeze.watch this space.

[barkjon230] 14/5/2020 21:00

Does anyone know the valuation of the Bishopsgate Goodsyard? Hammerson's 50% is a prize asset easily realised I would think

Lighthouse and Blackrock still adding is a big positive

[researchcentre123] 14/5/2020 19:06

I don't think it can be - it's clearly listed in the accounts and the cash isn't there. All they've done is reduced it's asset value which they've taken as a loss in the p and l. So ltv remains the same.

[williamcooper104] 14/5/2020 18:57

It's confusing as they put it in their note of completed disposals Either way you do need to look at the higher reported LTV which was 44 percent and is now a huge amount more

[researchcentre123] 14/5/2020 18:01

I think what has happened is they marked them down in price ready for sale so reduced the profits by the markdown but the balance sheet stands really