Hammerson Share Discussion Threads

[billthebank] 25/9/2020 11:03

Why is this share price still dropping How low can it go?

[sr2day] 25/9/2020 09:30

this one is a nobrainer.first 25p.

[escapetohome] 25/9/2020 09:28

At some stage this will recover, even a year from now.

[escapetohome] 25/9/2020 09:28

I took a small dabble here, yesterday.

[the canadian mounted] 25/9/2020 09:27

Bloody Nora 750million cash !

[alexios1201] 25/9/2020 09:23

Will see in Monday if there's any reduction Assuming they will take the rump which is only under 6% so there will be 16% remaining short to be closed.And if they haven't with rights then lord help them allNet NAV is 104pCurrent under 17pClean restructured balanceOver £750M CashTime to shine

[technowiz] 25/9/2020 09:19

could shorters get caught with their pants down here? i read its at 22% short.

[the canadian mounted] 25/9/2020 09:04

Only 6% to be taken up,good result.

[kinwah] 25/9/2020 08:36

Catsick, the underwriters won't take the shares which are not taken up. These shares are called the rump. The brokers will do a placing of the rump at about 6% discount to today's market price with their clients who may or may not be sub-underwriters. The proceeds less the cost of the new shares is then divided up between the holders who didn't take up their rights subject to a minimum payment. Rights issues happened every week 30 years ago but they are so rare now that it's understandable that private punters don't know much about them.

[researchcentre123] 25/9/2020 08:29

Well I think their fee was 30m if I'm not mistaken so they can afford to buy a few shares. So hmso have their money now. I expect the next thing will be appointing a new ceo, perhaps Rita-Rose Gagné who rumours suggest. She looks very clever.

[sr2day] 25/9/2020 08:28

25p next .pre rights price.it will get there.

[williamcooper104] 25/9/2020 07:51

They will probably have hedged/partly hedged it

[williamcooper104] 25/9/2020 07:50

Wow - you can see why the discount "Hammerson report that only 94.9% of the 3,489,086,931 new shares offered in a rights issue have been bought. Unless the remaining 189,122,937 are sold by close of play on the 28th, the underwriters JP Morgan and Morgan Stanley will pick them up."

[the canadian mounted] 25/9/2020 07:25

Good result for the rights Issue
I’m sure the asset value and share price will balance up soon

[catsick] 25/9/2020 07:22

So the underwriters are in an interesting position in that the shares were not all taken up so they get to buy the last 5pct at below market rates and make an extra profit if the shares stay above 15p

[williamcooper104] 25/9/2020 07:11

Liberty (as was Intu before de-merger) did, from memory, three rights issues last recession Another rights isn't impossible to fund - so long as a new management team can show that they're made good progress in turning round the company - any second rights issue would be focused around expansionary capex

[sr2day] 24/9/2020 13:13

and when you wake up they will be 25p.

[alexios1201] 24/9/2020 13:12

Keep the noise downTrying to get a lie down ha

[sr2day] 24/9/2020 13:02

next friday these will be at least 25p.

[the canadian mounted] 24/9/2020 12:18

You’re obviously invested here good luck
On a healthy return

[researchcentre123] 24/9/2020 12:15

As to Next, i think you've got to look at the circumstances. If I'm renting out an airbnb and lockdown happens, then someone comes around and offers me 50% of the asking rent, I'll take it as it's better than nothing. But it's not going on forever. Sooner or later I'm back to good rents. That is what is being flexible is about and generally being more flexible will get you more - it's why regius were able to charge double for years. So they get one year of no rent and 10 years of double rent....not so bad really on balance.

[researchcentre123] 24/9/2020 12:11

Essential I think that this is good enough a dent. Lets say they do breach covenants in the future. The lenders know the company wont have a hope in hell of doing another rights issue. So then they have to consider, are HMSO servicing the loans. Well HMSO have enough cash to do that for some time. So then the next question is, do lenders really want to repossess? Well it would mean the repossession of at least 50% of commercial property in the country, which would do lenders no favours as then they'd need to manage those properties. So imv they would have to ride it. Of course I admit I thought Hammerson would ride this without the ri as they wouldn't need it. But given they've done it and there's little to zero chance of them being able to do another, I think lenders would have to wait it out and suffer just like everyone else, but their case just not having quite the covenants they'd like. Frankly it wouldn't surprise me if more loans start appearing from the government to help out businesses but I guess we see on that.

[the canadian mounted] 24/9/2020 12:11

You are either investing or just being a
Troll.ive done my research and happy with my punt.

[essentialinvestor] 24/9/2020 11:58

Read the Next PLC statement on lease renewals.

With respect, some posters here appear to be residing in la la land.

[the canadian mounted] 24/9/2020 11:56

Gloomy lot or what!give it a chance for
Heavens sake 😆😆