Hammerson Share Discussion Threads

[williamcooper104] 10/9/2020 17:15

I always said avoid until the rights issue I admit it's tempting now - it's also notable that the pricing of retail warehouses has in last few weeks firmed up (or rather shown signs of not falling much further/seeing a bottom) If only we weren't about to start a trade war :)

[alexios1201] 10/9/2020 16:29

Already down 40% from £10Billion last January

[alexios1201] 10/9/2020 16:28

RI Prospectus

[sr2day] 10/9/2020 16:28

where did you get the gross asset value of £6.975 from?is this the current figure?the right figure may be far less in the present covid situation.

[alexios1201] 10/9/2020 15:49

Gross Asset Value £6.975billionNet Debt £2.2billionNet Tangible Assets £4billion£4bn/3.831bn(new shares in issue)= 104p104pCurrent share price 24pTrading at ~77% discountValue here

[sr2day] 10/9/2020 13:38

share capital has been increased by £550m and now we have 25 times more shares in issue.the extra cash will hopefully help the co to survive.at 21p it is the lowest it has been as research centre said above.

[1hughb] 10/9/2020 12:49

I think what you say makes sense. If you look at actual trades going through there are a lot of small ones so presumably small investors much of the time. If that's the market for the shares well I guess there will be a lot of volatility as it isn't the easiest to follow - anyone who decides by charts will get most confused! But I think once recapitalised then it should make sense, as it at current price its under 1/4 net Asset Value (104p per share).

[researchcentre123] 10/9/2020 12:42

I think Agereset what you havent allowed for is the cash going in. That is the point. 15p per share cash is added to the value of each new share or 550m cash. So the way to calculate it is to take yesterday's price, divide by 25 (275/25) and add 15p (the cash)= 26p value. You then need to add on something for the fact that it's now a better company that is no longer broke. What was Intu worth if you stopped the possibility of a default? Might the share price have gone up a bit?

[typo56] 10/9/2020 12:36

The 'loss in value' of HMSO today is offset by the value in the additional HMON nil paid shares you now own that you didn't own yesterday. For every HMSO held last night you now own an additional 24 HMON shares. The price of HMON is rather volatile (theoretically they track 15p below HMSO), but suppose they are 10p. That makes up for 240p of the 'loss in value' of HMSO today.

[agereset] 10/9/2020 12:31

At a glance, I see there were circa 765m shares in circulation at last results and now there are just about 5 times that, resulting in loss of value and dilution of value.

10p might be OK value but can go lower as money raised is only going to help stay afloat.

[researchcentre123] 10/9/2020 12:25

Mason your info is just incorrect. The share price hasn't crashed 92% as this is a different share. It's ex-rights. If you allow for the cost of taking up the share offering, the price has gone from 975p to 950p which is 2.5% and actually was significantly higher at one point. here's the calculation: 24.38*25-360=249.50 as I write. The 260p is the cost of taking up the rights. As to being the most shorted stock, according to shortics people have been reducing their short positions. The only reason an automatically generated article might come up with that is that the systems totting up the number of shares held haven't allowed for the change in share structure. If there were 700m shares out there and its reduced 5 times to 140m but you're counting the old shares, of course it looks like there are more shorts than there actually are. I know that you don't like this share but you should at least base your decisions on the correct info.

[agereset] 10/9/2020 12:13

Worth 10p.

[777mason] 10/9/2020 11:43

Researchcentre123 I did not like it then don't like it now.

shares of Hammerson (LON: HMSO) crashed 92% on Thursday as uncertainty over the company’s stability worries investors. The latest data from GraniteShares shows that Hammerson stock is most shorted in the United Kingdom.

Hammerson, which owns Brent Cross shopping center in London, found itself under pressure even before the pandemic. The COVID-19 outbreak fueled a major crisis, which ultimately forced shareholders to approve an £825 million rescue plan last week.

[zxie] 10/9/2020 11:33

The C19 news these days is not very optimistic.4 day 13000 people

[zxie] 10/9/2020 11:31

Tomorrow will be down again 15p

[sr2day] 10/9/2020 11:10

so buy at 22.0 p and sell at what takes your fancy.

[researchcentre123] 10/9/2020 10:17

So all time low now - equivalent of 38.5p on unconsolidated shares. So last time it hit that point it went up to 140p at the beginning of June in a month. My guess is that for most people it's very hard to figure out these numbers so they will be holding back, although that is where I see the profit. Must be what the insiders think anyway as they still seem to be buying

[sr2day] 10/9/2020 09:44

diku,make sure your funds are ready.

[diku] 10/9/2020 09:41

ok we wait for 22.5p...

[sr2day] 10/9/2020 09:39

i called it earlier down to 16p.make this 22.5p.