Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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If this sale does ever materialise (it has been talked about for the last five years with nothing definite ever seeming to happen) then it could see the share price rocket - it might even hit 30p although that is rather on the optimistic side, I think. If the sale falls through, then the share price will probably settle back again to about 25p.
I calculated 8pence
Market valuing value act at about half the £1.2b
Surely we should be looking towards 50p on this sort of sale, given the debts it'll likely service/investments it might pay for, and could be a share buyback?
On sale confirmation it should give sp at least +8%
Hammerson is closing in on a £1.38bn deal to sell its interest in Value Retail to L Catterton. The prospective sale to the $34bn, LVMH-backed private equity firm will be a major boon to the shopping centre REIT and its chief executive Rita-Rose Gagné, with its stake in the outlets firm having been classified as non-core for several years.
I'm certainly not paying their sub fee of £6179 xD
What a joke of a sub price.
Can you share the news content? subs only.
Ah yes
https://reactnews.com/article/hammerson-closes-in-on-1-4bn-value-retail-sale/
Been watching it from this morning. It can't just be by the management investing surely.
1 million buy. Something happening.
I’ve been thinking of topping up. Trends are positive. I think their portfolio better now.
SP seems to be holding now.
It's just waiting on the interest rates to drop, or news on the village sale - if ever it comes.
Unibail Westfield is up 78% since Oct 23 . This while sector is getting rerated on the European bourses
Fitch Ratings on Thursday affirmed Hammerson's ($HMSO, HMN.JO) BBB long-term issuer default rating, with a stable outlook.
The rating agency said the rating was backed by the strong operating performance of the British property developer's core portfolio of city center shopping centers and its improved financial profile.
Price (GBP): £26.66, Change: £-0.06, Percent Change: -0.22%
$HMSO
Source: MT Newswires
Thanks Apeirogon... good luck
It just underlines the fact that assets have buyers at current levels
What's the connection HMSO - Norwegian Wealth?
Good news.
Understand Meadowhall Shopping centre is to be sold by British Land
to Norwegian Wealth fund remaining stake held.
No wonder Hammerson SP has risen.
0.78pence per share
What's the divi worth per share?
Sooooo - the drop today is 2.30 % at the moment. if it stays like this, those who sold yesterday losing the dividend will have lost about 3%... As the big sp drop was on 2 april and they did not sell then - I am still puzzled to find a logic on why once the big drop had already happened they sold the day before ex-divi and lose the divi of about 5.50%
CORRECTION
...."the afternoon of an A DAY BEFORE ex divi day..."
There was a drop , a small drop, but still a drop today after 2 pm.... Why those people sold on the afternoon of an ex divi day and lose the divi? - I find it very odd to lose the divi this way... do they expect tomorrow the sp will drop more than the divi?
It looks like it... the co is also buying back... the trend seems to steady up - some good news might surprise us -