Member Info for bubbleshoot

I'm expecting it to jump nicely tomorrow on the RNS

Thursday i think

Yeah, to say it used to sit between 32p and 40p during lockdown >.

I'm thick. Can someone share with me what the enhanced payout will be in monetary terms :D

I've just been watching yeah

Surely we should be looking towards 50p on this sort of sale, given the debts it'll likely service/investments it might pay for, and could be a share buyback?

Hammerson is closing in on a £1.38bn deal to sell its interest in Value Retail to L Catterton. The prospective sale to the $34bn, LVMH-backed private equity firm will be a major boon to the shopping centre REIT and its chief executive Rita-Rose Gagné, with its stake in the outlets firm having been classified as non-core for several years.

I'm certainly not paying their sub fee of £6179 xD

What a joke of a sub price.

Ah yes

https://reactnews.com/article/hammerson-closes-in-on-1-4bn-value-retail-sale/

Been watching it from this morning. It can't just be by the management investing surely.

SP seems to be holding now.

It's just waiting on the interest rates to drop, or news on the village sale - if ever it comes.

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.