RE: Costar interview29 Mar 2024 09:56
Hi Guitarsolo thanks ref your post, i take on board what you say about this reit and indeed the share chart sadly backs up what you say. All retail (supermarket and retail park and destination villages) were terribly hit from say 2016 till 2021.... i was caught out on a long term position in hammerson at the same time as you no doubt, luckily i clawed back most of the loss through probably my most thought out action pre and post the rights issue where hopefully i got to break even...
but yip its been a horrible place to be these years, i no longer hold hmso. Its like all the reits were terribly overvalued from 2015-2020 now however the sector has been rebased...... but with tons of capital destroyed...... (intu hammerson, nrr to name a few) and i am now happy to invest. we need to watch out for this type of thing in the future but for now it looks a steady punt.... sorry to read of the pub carange... who bought these, wasnt happy to read of this loss although i was aware of the put chain ownership sad to read of the loss to the Nrr owners