Member Info for Hopan

Chrisxyz, I find it quite appalling to receive such responses from stock brokers. I doubt what they do is legal but needs to be checked. In my opinion, If you claim to be a stock broker, then you are supposed to cover all the corporate actions including scrip dividends. I suggest you to double check with the regulator.

I believe it is not sell, they reduced long Equity Swap position... In my opinion, one of their client's are using the Equity Swap to short HMSO shares so the client closes a small amount of shorts (0.07%).

It shows how much they are behind the curve. If you trade with newspaper news, then you are destined to lose.

In the meantime, such a coincidence that my guess on NAV on Dec 6 is on the spot: :)
"...Possibly with the asset sold, NAV per share is 82p and the discount is around 69.2%.... These are my on back of envelope rough calculations, please do a proper research before making any decision or get a professional advice...."

Thanks for the insights Kidster.

My two cents on the topic... I believe online trading has limitations and has a limit of total trade (currently I believe around 30%). Brick & Mortar retailers can easily compete with them by changing their attitude. For example, Amazon's no question asked return policy was a big winner. Don't think that customers are captive clients, do not overcharge them. Increase the available information on the product on display (digital reviews etc).

I am still utterly shocked to see some high street retailers' online platform utilises a virtual queue system. Pardon my blunt criticism but I will fire the person who implemented this virtual queue on the spot. Don't treat your customer as they have an obligation to shop at you. This is the exact mindset which needs to be changed. (you have enough time to upgrade your IT infrastructure and delivery system to avoid queuing... And queuing at the entrance is worse than queueing at delivery)...

There is also archaic property tax system which online companies use technology to avoid... Soon tax authorities will realise there is a big hole in their revenues and start taxing online transaction to fill the gap. I am 100% sure on this.

Third, most of the online shops are struggling to turn into profit. Delivery costs are not the one to be ignored in that calculation. They can sustain the losses due to investors backing but eventually they would need to turn into profit.

I am trying to compare CINE with HMSO... Anyone know why CINE is outperforming HMSO massively?

I believe shorters are hopeful of March 12th for the results. They hope there will be negative news and stats and which will lead to a selloff...And if there is a pullback then, maybe they will consider closing their position. This is what happened earlier in the Autumn last year. BUT one thing is the market is pricing the future not the past, so the pullback might be a lot smaller than they thought.

I think it is still a sizeable short position in this stock which keeps the downside limit in my opinion in these positive environment. Everyday the prices hover around these levels or increasing slowly, there is a high risk of short squeeze.

And some of the shorters are doing relative play... Long another REIT and short Hammerson, and hoping Hammerson management will do badly. But the recent outperformance of Hammerson must have surprised them as well.

These small trades are ALGO most probably...

There was a very high volume of 105 million shares on Friday... Is it because of the dividend payment or market makers are getting ready for Dublin listing?

https://www.ft.com/content/cf280d28-cab9-48fb-8b43-363bf5474ac3

For me , it is retirement investment.... very very long term investment with decent dividends to pay my monthly pension.

They did first consolidation and dilution... a bit complicated. For me, I look at the market cap... Before RI, the market cap was around £500mio and they did an RI of around £524mio and sale of some assets around £269mio... In fact, they almost 100% diluted. The current market cap is at £970mio with 25.34p and 3,831,468,050 as current number of shares.

Old metric NAV as of June 30, 2020 is around 3.45billion (including asset sold during RI) and this corresponds to circa 90p per share. With the share price of 25.34p, it represents a discount of 71.8%. Possibly with the asset sold, NAV per share is 82p and the discount is around 69.2%.... These are my on back of envelope rough calculations, please do a proper research before making any decision or get a professional advice.

Please take a look at their presentation pg19 and do your own research before making any decision. I might have done some mistakes in calculations or misunderstood the numbers.

https://www.hammersontransaction.com/system/files/2020/2020-half-year-results-presentation.pdf

https://www.hammerson.com/media/press-releases/mayor-of-london-approves-major-regeneration-of-the-bishopsgate-goodsyard-in-shoreditch/

It is officially part of FTSE250 today... See the announcement:
https://www.ftserussell.com/press/ftse-uk-index-series-quarterly-review-december-2020

Hammerson is already in the indicative list to be included in FTSE 250.

https://www.ftserussell.com/press/ftse-uk-index-series-indicative-quarterly-review-changes-december-2020

1.2% of NIA (around £2.7m)... pls check page 51 of the link below: https://www.hammersontransaction.com/system/files/2020/2020-half-year-results-presentation.pdf

Hope it is good news coming.
https://www.onlondon.co.uk/bishopsgate-goodsyard-plans-recommended-for-approval-by-city-hall-planners/

Unfortunately you need to be careful with the charts... There was a right issue in September with series of consolidation and split...

Exactly!. We have booked our 2021 Summer holiday on the eve of Vaccine news... counting down the days...

No problem... Regardless of short term trades, I believe there is a long term value in this stock. I am happy to hold this in my SIPP for my retirement.

We have started to see this type of articles in the press...

https://www.barrons.com/articles/the-mall-isnt-dead-why-its-time-to-go-shopping-for-simon-property-stock-51605887581

It is a usual after hours UT trade type. It is type of an auction. Sorry to disappoint you but it happens every day even with a bigger values.

Uncrossing Trade (UT)
At the closing of the auction the bids/offers are frozen and an attempt is made to match as many shares to be sold against shares to be bought - the result of this is what is known as the 'Uncrossing Trade' (UT).