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It's annoying to see but as we all know just as quickly as this goes down it can go back up. This is oversold at the moment and there will be an upward correction.
Batten down the hatches.....
Tin hats time looks like..!
Just bought some more Gusto on a lower price . I’m just sitting and waiting .
Hold people..!
Another overdone manipulated drop by the MMs.!
Hold 4 gold!
Expect more rises and falls for the short term. Learnt my lesson (again) of not selling when we reached the 40p mark :/
So Part 2 of the Jigsaw has been released today. Rent collection is WAY DOWN than expected. Most people on this forum saying 70/75% of rents collected, when in fact its less than 50% of payable rents. Comparing it to other landowners I think this is poor IMHO. So now you have the actual numbers, and this will stop speculation and give the market some guidance to whats going on and some stability. Also look at the rents due in FY2020 (264Mil) compared to whats achievable in FY21. 227Mil. This is why the SP is where it is. When rents improve, the SP will improve.
Footfall doesn't always equate to more spending in shops, and more spending in shops doesn't always lead to more rent being paid. Markets tend to move on sentiment and forward earnings, HMSO should come good, just not yet with these numbers.
As Always good luck everyone.
It's such a cheap stock. I originally intended to invest 2k but ended up almost x4 times amount as I believe it has strong potential to return handsome profits.
I'm surprised we have not passed 40p mark with the positive footfall in the shopping centers
Normal investors wadz don't impact on the price its computer algorythms that run the show.
For 75% rent collected,
60% rise in footfall compared to last reopenings
7 retail parks on the menu
Repurposing things
100 acre land bank.
NAV of circa 82p
Its very cheap imho.
The clever ones probably are , and they also sell and lock in their profit. Then repeat the action .
If they didnt buy the dips, we wouldn't bounce and if they didnt sell, there wouldn't be dips to take advantage of :-)
The SP has doubled in 3m's, like most 'recovery plays' the big move up is over for the time being, Just like RR. IAG, EZY, CINE,CARD etc
part 1 of the 'getting back to normal' is complete. Now its going to be a slow grind up, we need confirmation of what the markets expect and have priced in, to confirm another move up, along with steady growth.
We will know by end of May/June what the start of the recovery was like.
Personally I am reducing a lot of my positions in the recovery stocks and waiting .. The risk/reward for me isn't there at the moment. People/Markets get ahead of themselves and then you have these little 'corrections'. just like markets get oversold, it works both ways.
Look at a 3month chart, HMSO is still in an uptrend channel. So buy on dips and play the range. dont worry about the daily noise, (unless its something major. )
I surprised normal investors are not lapping up the drops in the SP.
How is it even justified to drop the sp by 5% without good cause? I hope this bounces hard.
We sit, we wait.
We know they are engaged with Brookfield for the sale of 7 retail parks for £350M and we know British Land also wants to increase its exposure to retail parks. It won't have escaped attentions that footfall also has been noticeably up.
I hate the sp manipulation going on but I suppose it's to be expected.
Lots of 7 trades going through..... Its the shorters trying to get the SP back down...
Scum!
Each time it goes up I get tempted to take profit and wait for dip but then go against it and buy at the dip hahaha.
Need to seriously stop buying more.
Nice but of SP manipulation going on....
Trying to get ppl to sell..!
Most day traders lose money.
Personally I trade on positive momentum and hold for a year, that's worked very well for me for many years.
Re:...I don't see the shops closing again anytime soon....
Well, probably some people have simply decided to turn alarm off and stopped watching the news.
New huge explosive wave of COVID has hit India (different version) - neighbor countries are rapidly following (Iran, etc.)
France/Germany - active cases rapidly approaching back to maximum they had in November/January..
Sorry to disappoint your tinted glasses expectations - but all is pointing to back to lockdowns situations (and consequently closed non-essential shopping centers)
And all it took - just couple of weeks with relaxed rules and we're back to square one..
The only positive side - it hasn't hit UK yet, thus our market might have advantage if compared to other..
It's depends on what your entry price is...?
I don't see the shops closing again anytime soon.
The Mgt at HMSO are trying to streamline the business and make it as profitable as they can. The 30% rent reduction is a good decision. I'd rather have a fully rented out shopping centre at 30% reduction in rent, than some space rented out at full price.
They will redevelop sites and build housing, office space, schools etc - this takes time as you need planning permission, then time to build etc.
There is only one way this is going and its up!
I'm glad MS is out..... Someone bought their shares with no problems becuase they see. further SP value and growth.
I'm holding till 70-80p...
GLA
I guess it depends what you're hoping to achieve ximtwo, if you were looking to day trade then Morgan Stanley's departure wouldn't help but if you're looking at a longer term investment then their departure would add stability to the share price. We all know they sold up to help cover their billion dollar loss so i don't think we have anything to be concerned of from their departure.
Currently, we do not have any other better choice. I would thetefore suggest to hold till further recovery. May be in May or June.
HMSO recover faster than the global economy. So, the next round in May/June may be CINE and crude (forget BP or shell, focus on ENQ, HBR, TLW, PFC etc.).
It is too early to talk anything about end of year or 2022/23.
If you really focus that long term, Taiwan semiconductor is a better choice for you (electric car raised a huge requirement for CPU, but there are only a few companies able to produce them in the world. Intel and AMD are actually relying on Taiwan Semiconductor).
Thanks for the reply M00la
Hammerson is currently my largest holding and I have faith that the business will get back to a profitable level again. Not sure if we will see the highs in 2015 but I think £3-4 is achievable by 2023 if and its a big IF we don't have any further effects from the virus.
As mentioned for a share less than 40p if you can get to dividends paying up to 5-10p its definitely worth holding for long term as it will pay itself in a few years.
I've also invested a large chunk into Cineworld for short term investment, will see how the summer gets on once the cinemas open :)
If you're looking to hold until the end of the year the best advice anyone could give you would be to wait and see.
You are right that if things return to normal regarding the dividend then you will have a nice earner but i would caution that these are unprecedented times. Hammerson's leadership seem keen to pivot where they can to carve out a profitable new future for the business and by the end of the year you'll have a bit of a better understanding of how successful they've been. It may take time to realise their plans but if they do it right and imo they are making a good start of it then you could have your dividend earner as well as enjoy some decent share growth. Good luck.
Should have added that I'm looking to hold onto these until at least the end of the year
Question to my fellow investors.
I have almost 20k shares of Hammerson with a decent profit (so far). Looking at their past dividend payments if Hammerson gets back to a reasonable position in a couple years the dividend payments could provide a nice earner if I hold onto them. Just thinking out loud but what do others think?