The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hands up off me that I got tempted to add yesterday at 23.8p. It was the only one on my watchlist that was red.
Great news this morning that inflation numbers are down more than expected. Should ultimately be good for all retail and property shares. Government leaning on supermarkets (plus their suppliers) presently on food and fuel prices should lead to a further drop next month.
https://www.msn.com/en-us/money/markets/inflation-falls-further-than-expected-in-june/ar-AA1e3lRq
Buying yesterday at 23.8p was a good idea!
Maybe just an update on how this Years going .give us some confidence that our investmemts are safe :)
The Board is acting on its underperformance, by retaining all earnings, for the time being. This improves the cash position of the company and increases its value by the amount of the cash retained but also because a sounder financial position makes the company less liable to fail.
What is it with this SP...why isn't the board acting on its underperformance...like re-instating the divi ?
Yes, as you say, Hammerson has sufficient liquidity to meet its debt repayments for the next two years. It does need to sell more of its assets within those two years, so as to sure to have funds set aside to repay further debt maturing in 2025 to 2026. By the time the main debt matures in 2027, market conditions might, very well, have improved.
I thought that, at 23.8p this morning, it might be worth taking a small position, as the market seems to value Hammerson, at the moment, at about one-half of its net asset value per share. At a guess, the current net asset value is probably about 48p, so anything under 24p is realistic.
Not the stock per se but rather commercial real estate in general and office space to be more specific (not hmso's dominant segment, it's retails spaces after all), most of hmso drop is because it's dragged by association, smaller part of this drop is caused by their financials (although INTU collapsed because of their liquidity issues triggered by debt and problems with refinancing) b/c hmso has some liquidity buffers after converting assets to cash recently therefore they can last for another year or two despite suffering losses. If hmso are to follow refinancing path then in current environment rates will be very punitive too.
imo - banks have much more exciting times ahead with their residential property packages.
Yeah its a joke of a stock this at the moment lol.
One day down in the dump with 12p next day up 5%
Is this 12p an error then ?
Oops! mistake That was 9 June
Barclays double upgrades Hammerson to 'overweight'
@bubbleshoot ..... thanks... Ah - I see where 12p came from
Like wtf is that about? Should that be 22p?
Email - "HSBC cuts Hammerson to 'reduce' - price target 12 pence"
12p must be a typo surely! haha!!
Reppyrr
what makes you so sure sp will drop to 12p?
12p !
@Trickytree55. I so hope you are right I need this to get to 28 to break even, so close but seems to be soooooo far .
The 'next results ' shall indicate Hammerson outlook has improved considerably and SP is improving.
It's obvious that sp is sometimes diving well below your range' lower bound of 25p (by at least 20%) over last year, therefore these boundaries are rather wishful thinking (and it might get worse after release of next results).
It's between 25p and 30p while the Divi is being witheld.
The SP will not grow now until they reinstate it - once done, we'll see 40p again.
Hammerson is a 'Penny stock'
Very difficult to analyse.
Punters are piling in - NOT the big players.
When is the 'next' board announcement.
Quite big numbers late on....buys or sells??