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People in Wales having been queuing since early this morning to be the first to get access to their favourite retail stores. I'm pretty sure his will be the picture across the UK.
https://www.walesonline.co.uk/news/wales-news/coronavirus-shops-schools-wales-re-20365628#ICID=Android_WalesOnlineNewsApp_AppShare
I think it's also worth remembering that selling assets liks these not only puts cash in our pocket but reduces our liabilities as well.
Holding on to premium, centrally located sites that can be developed where needed to take better advantage of a booming household market while shedding other liabilities like this is how Hammerson will become agile, efficient and thrive.
That variant news would have little to no impact on HMSO unless it were to specifically impact our business. Deadlier variants often end up killing themselves off and burning out so imo that news for the time being is irrelevant. The idea that various variants of covid are popping up all over the World is already baked into every stock from weeks back when we had Kent, Brazil and South African variants come out of no where while the Pfizer vaccine has proved to be effective against these variants.
We talk about shorters because they are placing cynical bets against recovery and the media always acts surprised when shorters call it wrong be it on Tesla, Cineworld, Gamestop or any number of stocks. The reason this slipped yesterday was due to market manipulation on low volume. Movement like this almost always gets reversed.
Well done Deeno, great to take advantage of the dips. Fingers crossed people will pile in during the last hour or half hour of trading. Volume has been much lower than the last couple of days which is why the sp has dragged today.
I've gone back through the posts on this thread and the only person mentioning GME is steven. No one has ever said Hammerson was another Gamestop and no one has ever said shorting doesn't have it's place.
What people have actually said is that the shorts are likely to be squeezed based on current sentiment and reopening which is a fair assessment. If anything it makes more sense for the shorts to go long in the short term and if they feel downside is likely medium to longterm then establish shorts at a higher position. The problem is just like long term investors can get tunnel vision so can shorters who become entrenched the more their losses mount up. Yes they can hedge their losses but it still doesn't mean those losses don't exist.
@PTBrown1963 'I think the markets will reward actual performance and solid guidance"
Yes eventually things will get back to normal but currently the market is exactly where it has been for the past year, fuelled by stimulus and the news of the day. Currently the news surrounding Hammerson is it's reopening on the 12th April and rents that will come with that.
The increase in shorts was likely them doing what little they could to put people off, the only thing they can do to try and stop a short squeeze without buying at a loss is to average up and short some more in the hope than investors get nervy and sell out eatly. Monday is going to be a bad day for the shorters.
The 4,544,484 shares is a UT (Undercrossing Trade). It's not actually a sale It's more a balancing of the books from the trading that happened throughout the day.
https://www.shiftingshares.com/what-is-an-uncrossing-trade/
The sooner shops start making profit the sooner back rent is likely to be paid. Deferred profit for us.
Also the sales and footfall matter to us as shareholders because it will dispell the myth that physical retail is dead short term. This will give the market confidence that Hammerson has the time it needs to change tact by balancing its porfolio between retail, residential and commercial. So yes, imo very good news.
If the shorts were closed steven then it would have likely been reported by now. As it stands, out of the reported shorts that are above 0.5% then 6.62% are still shorted.
https://shorttracker.co.uk/company/GB00BK7YQK64/
A combination of good weather, reduced infections and deaths, increased vaccine numbers and some creativity from the retail world and share will be flying.
"Footfall throughout all retail destinations in the country increased by 8.5% last week from the week prior, as consumers prepare for the country’s exit from lockdown
Footfall across all retail destinations in the UK has jumped by 8.5% in the last week, from the week before, as consumers prepare for the country’s exit from lockdown.
Retail parks and high streets saw a footfall increase of 9% and 9.7%, according to data analyst Springboard.
Meanwhile, footfall in central London and regional UK cities rose by 200.5% and 209.3% respectively over the period."
https://www.petgazette.biz/194639-uk-retail-footfall-rises-as-lockdown-comes-to-end/
I know, it sucks Dylann. I'm with them as well and i've learned their limitations the hard way. One day soon i'm going to upgrade to a proper broker but for the time being i'm stuck with them.
On the bright side the growth of this share price should more than make up for any lost dividends and thats what I really came here for.
I understand oilmanmike but considering the freetrade question has been answered on this forum three times now already and it's publicly available for traders to find the answer on the freetrade forum in the app I think people should try looking first before they ask.