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In response to zccax77 regarding exposure to Debenhams
Hammerson undertook a policy of trying to reduce the size of department store some time ago Oracle,Reading for example
Debenhams are in just 2 of the 7 retail parks headed towards Orion
However Debenhams do occupy some important positions in a number of city centre schemes
Not that it makes any better but the prospect of Debenhams is has been more than likely for sometime Likewise with Arcadia
It was only on Monday that Heaveho begged the question to the board " How much further has the SP to go " -20% since then!
Hammerson have very little exposure to Debs, I would say less than 1% of rent. Though from a floorspace perspective that might be more like 3%.
"no buy quotes for over 5k for ages but can sell loads "
Interesting....well the sells are getting bought, so..there could be a buy order in....taking a stake for the long term
Hammerson dont have that many Debenhams
DId the SP just jump 10p in the last 5 mins ??
16.25 - 54p
16.30 - 64.04p
what does sb mean? saw it used a few times here...
was wondering if anyone buying at these levels, came by here... i picked up a few, my last sale was at 2.50 something, halfed the holding, have bought at 62 i think and see they are falling nicely, unfortunately. i dont think i'll buy any more unless gets down to the thirties or through a rights issue...
Well with IG there are just no buy quotes for over 5k for ages but can sell loads - whether IG are protected PIs from themsleves who knows but this fall looks too fishy for me so sod it
I sold out of here at 330p. Never did i think in a million years this will go to 50p. If I was orion I would cancel this $400m deal and buy hamerson instead. It might be a difficult few months ahead but this time next year this will be back to normal. Their outlet portfolio grew by 8% last last year. Their outlet portfolio is valued at £2.7bn which is about the same as their debt. They could sell (there will be takers after this pandemic is over) that, clear their debt and still sit on a portfolio worth £5bn+ which mr market is valuing at £400mn.
Fair play to you Jimzi back in for more I have taken an early bath for a small loss My 2 brief flirtations this week just the right side of carbon zero
Well with the big ? regarding Debenhams who feature in the retail parks in the Orion sale really makes that dsicussion more interesting
Got 60sb at 54.58p.
Thats is now.
"Shareholders in Debenhams are preparing to place the 242 year-old department store chain into administration"
there arent any shareholders...Debenhams was taken over by the bondholders and banks (as most of us know) ....so it is them that will take a bath...a fair few of those sites could be put to alternative use...but the process of sorting out the assets, accounts etc would be a long one....
Retail suppliers are going to go bust too at this rate, what with all the cancelled orders and loss of sales from stores being shut
It is a massive set of dominoes ...what a disaster
https://news.sky.com/story/coronavirus-struggling-debenhams-to-put-administrators-on-standby-11968038
Indeed but I'm only down 200 odd quid so far!
Jimzi Our timing could have been better today !!!
Its definitely the sinker for INTU
Yep I agree no suprise, but has really been going down since the BBC announced it a 30 mins ago.
Fear eh!!!
JImzi Debenhams and Arcadia have been pretty much on the cards for a long time
Fook it, doubled up at 58.63p
Debs just gone - are they overexposed here?
'everyone sharing the pain'
I'm doing my bit now!!
Both Hammersons and Orion together with the lending market will not want this deal to implode This is the largest deal of the year This could bring the whole pack of cards tumbling down if it aborts badly .
Retailers swill only take advantage of the situation and hold back rents and cash investors sit on their hands
A solution will be found with everyone sharing the pain
I hope they shoot higher, but I am not betting more on it! Yet!!
It has!! LOL
Put a buy order in at 60.2p sometime ago OMG it looks in danger of being filled!
Really is a punt, not much more than that....given that the shops look like they may well be shut longer than anticipated ..and..if that asset sell falls through...then..blimey.....tough times for sure
risky,risky,risky
good luck all
Took 10 sb at 62.24 and 20 sb at 61.45.
Utter punt.
" If you can't keep smiling, at least keep safe! "
Good advise
Well, it will certainly be interesting to see what effect all these lock-ins have on people's habits and what thoughts everyone is having about their futures. All this time at home certainly gives everyone plenty of time to think about what is important and what isnt ..both personally, politically and environmentally
Of course we are also seeing a lot of people working from home and a boom in video conferencing and now will be an assessment as to just how effective all that is, and show just who really does need to commute for hours a day and who, well, doesnt.... or at least not as often.
The next 6 months (minimum) is going to be a testing time, there is little doubt about that
Good luck all
OLDA
We are witnessing a tectonic plate shift . I thought The Scottish funds buying prime retail as counter-cyclical buyers in the early 90 s off 10% yields was a new low
Today ,combination of a change in shopping habits to online +a complete economy shutdown is too much to bear
I wonder what Sydney Mason and Sam Chippendale would have thought ?