The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
What's the divi worth per share?
I can't find anything online in regards to news... yet.
Https://reactnews.com/article/rita-rose-gagnes-hammerson-pay-package-soars-to-4m/
I don't know how it works for them. Likely they'll have their own portfolio, and they will want to integrate the Bicester village project into it. Which would be different to just buying shares.
This is a really odd share.
Indeed, it's been undervalued for a long while now, not helped by some of the boards decisions.
The news is very positive but very little uplift in SP..
The SP drop was because HMSO said they were not going to do dividends. They did backtrack a little part way into the year, but only offered a tiny dividend which was nearly pointless.
Lone Star Funds is in advanced talks to buy the Union Square shopping centre in Aberdeen from Hammerson, said two market sources.
The US private equity firm is offering around £110 million, a 12% yield, and has received financial backing from Natwest, the sources said, speaking on the condition of anonymity. If the deal goes through, it will mark a return to the retail sector for Lone Star. Five years ago, it handed back the keys on a portfolio of shopping centres, called Project Tiger, it had acquired from Rockspring in 2014 for £260 million using a £200 million Citi loan, as first reported by Debtwire at the time.
Indeed. The annual results might bring small gains.
Only the dividend is holding this SP back now - unless ofc we get an announcement of the Village arm for a good price of around £bil.
Still.
As an investor, i want to see a return if both ways, Shareprice and dividend.
It's been long enough now since covid for them to return the divis. When they announced around a year ago that they weren't going to offer one, the SP dropped massively from its gains
I agree with email.
To make this share attractive again, HMSO have to make investing worthwhile by providing a good dividend.
The sale of the Village arm will go a long way at restoring the debt and the SP tbf.
Hopefull the news at the end of the month should also increase the sp
Hammerson will announce its full year results for the year ended 31 December 2023 on Thursday 29 February 2024.
Yep, still waiting
Sorry. The rest of the message didn't pull through. I was meant to say that it isn't just a sale of a shopping centre, but a portfolio of, I guess shopping "Villages" around the world.
The original news wasn't via RNS so if there was a drop in interest, it would of been announced elsewhere.
I would though at least expect some sort of operational update... some sort of news/heartbeat from HMSO.
It's a massive sale.
With the number of stores opened in the bull ring this December, that is an obvious thing.
What is odd though is the radio silence, not even a third quarter trading updating which we had back in november 2022, no post xmas update. Just complete radio silence.........
We seem to be lacking any comms at all in regards to quarterly trading updates, and the potential bid.
We usually recieve some sort of trading updating in the run up to xmas...
You keep mentioning shorts. I'm not familiar really with this. What do you see happening?
Every RNS now I think its the big news we've been waiting for.
Hammerson welcomes 115,000 sq ft of new retail openings at Bullring & Grand Central
Dec 14 2023
Hammerson is pleased to announce a flurry of high-profile new openings at Bullring & Grand Central, the culmination of a transformational year for the Birmingham city centre destination.
Nike, Bershka, Pull&Bear, and M&S have opened just in time for the busiest shopping period in the calendar, alongside the famed Coca-Cola truck having arrived at the destination last weekend, underpinning Hammerson’s strategy to enliven the asset with new brands, concepts and market firsts. The series of openings introduces 115,000 sq ft of brand-new shopping experiences.
Sportswear giant Nike has launched its ‘Nike Rise’ concept store, located at the gateway to Bullring and just metres from the iconic steel ‘Bull’. Spanning 13,000 sq ft, it features innovative digital experiences and services that enliven the sport pulse of the city. Customers will be able to experience Footwear Fastlane, which shares footwear product stories, benefits, and technical information; Nike by You, enabling visitors to customise new Nike products; and a new bra and leggings destination, helping female athletes find their right fit.
Inditex’s urban fashion brands, Bershka and Pull&Bear, have also made their regional debuts at Bullring, following in the footsteps of Zara. The two stores, spread over 36,000 sq ft in total, take Inditex’s presence at Bullring to over 76,000 sq ft. Each with their own dedicated entrances, the stores bring together Bershka’s three main lines – Bershka, BSK, and Man – alongside Pull&Bear’s complete collection of menswear and womenswear.
Joining Nike, Bershka, and Pull&Bear is M&S’ new 65,000 sq ft Bullring store, offering local shoppers a fresh market-style Foodhall, as well as stylish and spacious new Clothing, Home, and Beauty departments. Following a significant investment in the city’s local economy, the new store is part of the retailer’s plans to invest c. £480 million nationally, creating over 3,400 new jobs nationwide.
As part of Bullring & Grand Central’s Christmas activations, the iconic Coca-Cola truck has returned to the destination for the first time in seven years as part of a UK-wide tour in December. The experiential-led truck complemented the season-long Après Ski Bar, which is supporting the wider placemaking ambitions and vision, enlivening both indoor and outdoor space with new concepts and events that engage and excite customers.
Toby Tait, Director of Asset Management at Hammerson, commented: “We always knew that 2023 was going to be a transformational year for Bullring & Grand Central. In the last three months alone, we’ve had 12 major brands open their doors, as we enliven the destination by introducing new entertainment and leisure concepts, high-profile brands and market firsts.
The strength of the new openings this year including Nike, M&S, Bershka and Pull&Bear reinf