Hammerson Takeover Rumours (HMSO)


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Hammerson Takeover Price

Hammerson Takeover Forum Posts

Fund giant closes in on takeover Sam Chambers, Retail Correspondent Sunday September 13 2020, 12.01am, The Sunday Times https://tinyurl.com/ybr74wla
Hammerson, which owns shopping centers such as Silverburn in Glasgow (pictured), has published half-year results showing a loss of £320m loss, compared with a £56m a year earlier. The loss as largely driven by a £423m revaluation on its property portfolio in the first half First, Hammerson walked away from a takeover deal, then yesterday a consortium led by major shareholder Peel Group also abandoned a bid. Mark Burgess, chief investment officer at Columbia Threadneedle Investments, tells Wake Up to Money: "I think it is just the function of a really challenging retail environment."
At current 50p you are buying Hammerson at £9.57Bn valuation(post consolidation and including rights issue shares)BonkersTakeover offer Apr2018 was £5Bn when retail was booming£5Bn valuation inc cons and ri's equal to 130p post consolidation of 1for5 or 26p pre consolidationSo you are paying ~92% premium to NAV if buying now at 50p or 250p post consolidation Considering this is a loss making venture now at the current state...Current buyers need their head testing
Griffin Industrial Realty: Space Race Will Likely Lead To A Buy-Out https://seekingalpha.com/article/4308249-griffin-industrial-realty-space-race-will-likely-lead-to-buy-outThere you go - genuinely cheap industrial reit - 3.5k acres on its balance sheet at $18m Trades at about half the levels prologis/Blackstone have been buying companies at Issue is size, it’s small, and insiders own 46 percent - so cannot be a takeover unless they agree with it But it’s cheap - it just may not become less cheap soon
Takeover rumours doing the rounds, a bargain no doubt sub 200p. Will they get snapped up on the cheap? Hope not.
If you add in the 200m they just raised I think their balance sheet total would be about £565million going on the march accts. However I guess as theyve been buying low they're in a profit situation on the shares the proportion would be over 10% of a balance sheet that is higher than that figure. However I don't think you can restrict their capacity just on the basis of balance sheet total. They just raised £200m largely in cash which at the current share price would go a long way in buying Hammerson if that is their plan. They seem to have funds behind them to raise money when they want it as well with some significant backers, so whereas I looked at initially Lighthouse not being able to do a takeover, I have a feeling they can do what they want at the moment. Or they may just want to work with other shareholders over the management. Don't think they'd have problems getting their ways with them at the moment. Look forward to the next RNS!
Onwards & upwards, more retailers opening soon, people are out and about looking for bargains. Likely takeover target in Q4 imo
Yes but how much cash do they need to raise ? If the lost sale of the retail parks £400m could cause breach of cv and collapse we know that the need for cash is somwehere inside that figure. Recently Peel Hunt seemed to think that HMSO could survive on the cash and bank lines they had ex retail parks and on the figures that looks reasonable excepting the banking cvs. I would like to think Lighthouse would not appreciate a rights issue at this time. Does this put pressure on Lighthouse to hurry up with any deal. Seeing how the HMSO board treated the £6.21 bid form Intu I would not be surprised if the HMSO board took active measures to prevent takeover. Things are hotting up.
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