The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Aby - I thought Value Retail is what Hammerson are looking to sell, as in all sites based under the Value Retail arm, not just Bicester?
Onsolid - I agree, I would of thought there'd be a massive uptick, something is keeping this SP down. Hopefully we'll be getting a good xmas present from this. I've been looking out for anything "Mark Kleinman" related lol.
If the deal does happen I see 9p rise
The market is valuing just the Bicester collection at about 10p which equates £500m
Any thoughts
Bubbleshoot the dynamics on here seem to have changed lately and after about 150 million shares were afforded a change in direction without the massive uptick in the share price that should otherwise have happened with that sort of volume.
Patience and hopefully a nice Xmas present arrives between now and then and the share price then reflects a further £1 Billion or thereabouts onto the HMSO balance sheet.
Sky News did say in "detailed discussions" so far more advanced than "preliminary approaches"... and it has to be said Mark Kleinman seems to be the man uncovering most of the recent solid business news scoops.
Wasn’t this announced in April, surely we’ll get an update on this soon. More cash for Hammerson!
It's a big sale, so likely a few weeks time. We do usually get news fairly quickly, but this isn't just a "Shopping centre" stake sale.
We should be getting another quarterly update soon, last year that arrived on the 8th november...
When are we expecting more news about Bicester sale ?
Aby and that’s just based on the maths. 90p rise when short sellers are forced to cover!
Just doing the maths if Bicester deal goes through
I see 9p rise
Any thoughts anyone?
Let’s break 30p this week. Nothing but positive news after positive news.
Net Asset Value per Share - NVP is how I've seen other people call it.
What’s NVP mean mate?
The potential upcoming sale of BicVillage however will bring the SharePrice to at least back to NVP.
Dividends can come later, I just want to see the shareprice reflect it's worth.
This has not recovered at all since 2020.
Onsolidground,
as you have mentioned this possibility... I have the suspicion the current ceo is more focussed on growth than paying DVD... She seems to me a great business woman in running companies but I do not get impression she's that sharp when it comes to playing the market
Dumped I think you will probably find most have been afforded the ability to switch the direction they were previously facing.
With no RNS, I thought this would drift down slowly but its holding stong to its gain. There are some big shorters here and they must be worried.
"Now its a waiting game"
Indeed is bubbleshoot. The Sky News number of £1 Billion for the sale of only HMSO's Value retail against a market cap for the full group of only £1.3 Billion. So only £0.3 Billion for all the other property interests and the land bank and going concern of the business.
It's not just for the likes of you and I that are patiently waiting but for the holders of the bulk of some 150 Million shares and the extraordinary volume that has been transacted in roughly 3 days all strangely within a very tight range of roughly 27p to 28p.
And another bit of shrewd business being done by Hammerson by the looks of things. This ones behind a paywall so I can't elaborate further.
https://reactnews.com/article/hammerson-and-council-agree-land-sale-for-1500-home-leeds-masterplan/
In answer to the earlier question I watch the volumes cumulate on about 30 stocks all through the day on an active portfolio with Sharewatch through Shares magazine. Live prices. You have to pay for it. Alternatively you can just go into the Fundamentals tab above at the end of each day and add together the Buy and Sell volumes - total trade volumes can be relied on but which is which is never to be believed.
Nov 15 2023
Hammerson is pleased to announce that JD has more than doubled its footprint at Bullring & Grand Central, after officially opening an upsized store at the destination.
The new 27,500 sq ft store demonstrates the appeal of Bullring and is reflective of Hammerson’s wider strategy to enliven its assets with high profile brands, concepts and market firsts which excite and engage audiences.
Marking the brand’s biggest UK opening this year, the store design follows JD’s iconic formula, combining black and yellow to create an eye-catching entryway to an extensive collection of the world’s most popular brands. Amongst others, there are dedicated clothing sections for Adidas, Nike, Under Armour, The North Face, and Berghaus, as well as an extensive selection of footwear and accessories.
JD is the latest in a series of retail giants to have committed to Bullring & Grand Central, following the signings of Nike Rise, Bershka, Pull&Bear, and Watches of Switzerland, alongside a recently opened food-led M&S store. These brands complement new entertainment and leisure concepts from Sandbox VR and boutique bowling brand Lane7, which underpin the strategy to diversify Bullring’s brand mix and bring in new uses.
Toby Tait, Director Asset Management, Hammerson, commented: “JD’s upsize is a testament to the attractiveness of Bullring & Grand Central and the continued ‘flight to quality’ we are experiencing across our portfolio, with high-profile brands seeking the very best locations. Our strong pipeline demonstrates the success of our strategy and the confidence we have in evolving and future proofing our assets to attract the best quality brands and concepts.”
James Air, Director - Head of Group Acquisitions at JD said: “We can’t think of a better way to celebrate two decades of JD at the Bullring than opening a fantastic new flagship store. We’ve seen the buzz and demand JD has generated, so building such an impressive new store will bring even more of the world’s best brands to the destination’s many visitors. It’s been a great twenty years for us at Bullring, and we’re looking forward to the next twenty being even better.”
https://www.hammerson.com/news-insights/press-releases/jd-doubles-hammersons-bullring-grand-central-new-store-launch
Where do you see this volume?
Nice to see £3.10m buy vs .8m sold!
Another + 30 Million shares pushed through by the end of the day and barely a movement again when on any other day any fraction of the close to 90 Million shares transacted over the last 2 days would have jumped the share price. Definitely smacks of mates rates and some getting let out of positions and let load up without any move of the share price.
It'll all become academic when the deal is inked and a bit set aside for a special dividend would be the icing on the cake.
This is GME all over again...buckle up
Now its a waiting game
Sorry, make that over 5% up @British land.
Makes you wonder if we would have got to where we are - just off US and UK CPI numbers. That's despite the leak of detailed negotiations on a £1 Billion pound sale and a massive near 60 Million injection of volume in just over a day.
Larger fall than expected. Less chance of any further Interest Rate rises and even sight of the chance now of them starting to fall.
Well at least British land (Up 4%) can see the importance of the macro picture both in the US and here. Should ultimately lead to more money in the pockets and with retailers as beneficiaries down the line. Recovering key economies is why somebody is interested in buying our Value Retail / Bicester Village proposition for in the region of £1 Billion.
So who picked up the rump share of 60 Million shares traded here in 2 days
And here we sit virtually unmoved amidst the improving macro and patiently waiting...
Hi everyone,
I bought more shares today at 27.92p, will add more before end of week if it’s still below 30p. Cheap as chips and has an awesome development pipeline and could be debt free if they play their cards right. This is the end game for short sellers. RETAIL RISE!