Member Info for sageofsidmouth

Quick calc gave me a PE of 50 seems high for a cleaning company even with it's strong growth prospects?

So cars have had batteries for years now they have 2. There are loads of great car makers out there that don't make much money. The question is would you rather drive a beautifully engineered Porsche with an electric engine or a Tesla. Bitcoin purchases are the last irresponsible vestiges of a guru trying to keep his flock of followers on board. This rocket ship is coming down to earth with a bang once all the hot air has run out.

Interested to know more on the Vanguard contract and penalties?

Most useful and sensible comments seen for a long time. The new CEO MO is clealy to deep dive into the figures and start with a clean sheet. The worry is that there are some major skelitons left in the cubhoard by the departed management. The result is that the 200 million profit disappears down a black whole. Until the report comes out this low risk investment becomes a much higher risk proposition even at these theoretically low levels. I'm in but not fully convinced yet. One for the speculators.

Does anybody have a vague indication on what the NAV is per share after the rights issue?

Interesting thing with share investments is that you have 2 elements: Narrative i.e. words and then there are the numbers. The words at the moment are saying : Property is rubbish...who want's it who needs it....mmm we've been hear before. So we are all going to stop at home ...shop online .... never go out ...never soialise. Sounds like hell to me. The narrative to me has got the whip hand over the numbers at the moment. Once the numbers come to the fore hopefully people will see that land / property in the UK always has a value and is surprisingly resilient. Dare I say it what will be worth more in 10 years - one of the NRR retail centres or shares in Tesla...I kinda know where I would put my money.

Any ideas of the opening SP on Tuesday morning?

Has anyone any thoughts of the restart of dividends? Surely, when the divi starts to come back the price can't stay at this level for long?

The next significant announcement will be shock horror they have overpaid for businesses that didn't really understand and as a consequence have overpaid for.

Big drop in share price, management clear out and possible right issue.

In my experience there will be more bad news before things get better. An interesting share but not at the current price or now. Lets see what skeletons come out of the cubhoard in the next announcements. Once the decks have been properly cleared investors might start to see the woods from the trees.

Firstly, great deal by Ralph with Carlsberg. It does prove that some CEO's have a view on the bigger picture.

Seems to me that the market is pricing the pubs and restaurants in Marstons as a fail. Has anybody a handle on what the NAV of Marstons pub business is. I know that debt is considerable with the securitisation of the pub business but a nice round number would be useful to know?

Just have a feeling that a true value of the business is between £1-1.20 and a yield of 5% on this is about reasonable.

I smell trouble. Newly floated company. Lot's of new acquisitions probably of businesses it doesn't understand (particularly the accounts). Chief Executive jettisoned and replaced by an old timer looking to stage a come back. Good news rarely follows bad so where next for the hapless investors?

I agree that landlords will have to look at alternative uses than retail particularly in high value areas like London. The reality that property investment has been transfixed by the interplay of zone A rents underpinned by the Landlord and Tenant Act and upward only rents. It has squeezed retailers who have been caught in the pincer movement between esculating rents and internet competition. I don't think turnover rents just don't work for anybody. What we need is retail landlords to swallow a bitter pill of rebasing their rents; probably halving them in many instances. This will allow retailers and hospitality outlets a reasonable margin to make money on the high street and in shopping centres. Full and vibrant centres will always attract visitors.. half empty ones simply wont.

Well one of the Davids has fallen on his sword and decided enough was enough Which is probably not a bad thing for Hammerson shareholders. Let's face out we have endured a lot!

What Hammerson needs is a visionary and a deal maker not just a glorified rent collector. You take a look down the road at Marstons to see what is possible when you think outside the box. There is a future for great shopping centres in the UK and Europe if you believe (which I do) in such as thing called society.. once this bug has passed. I'd like to think that the board and David have reflected on my recent ramblings

https://investment-values.blogspot.com/2020/05/hammerson-plc-investment-case.html

But in truth probably not..

The problems with Hammerson lie as always with the top management the 2 Davids! Good management can manage a business in even the toughest times ...bad managers can't! Any idiot can manage a business in the good times particularly when they getting rewarded with a million pound a year purse. The current management have been glorified rent collectors protected from commercial realities by cast iron leases. Now they have had to step up to the plate they have been sadly lacking in a number of departments. So if you look at the way Willie Walsh at IAG has responded with drastic action and he has NO customers. Hammerson still has lots of customers ie tenants and a high number are still paying. What they need to do is formulate a strategy and then communicate it to the market. Instead both Davids seem paralysed into inaction probably dining out on their million pound pay days that just keep rolling in however little they get right.

Oh to be a director of Hammerson rather than a lowly shareholder!

I've noticed that from 3pm a number of Reits inc Hammerson showed a significant tick up...the bottom of an over sold asset class? Cheap can always get cheaper but we have been hear before in property slumps. Property as an asset class is resilient. Anybody who knows about property will know that land and building costs rarely go down in cost for any significant period of time. Society does not exist by living and existing in splendid isolation so at some stage investors will fall back into love with property and then we will all be looking back at these share prices and think...how much?!

I was doing a little research over the weekend and saw some speculation that Hammerson could sell stake in their premium outlets. What are the chances of this happening now and how much?
https://www.bisnow.com/london/news/retail/19b-stake-in-one-of-the-worlds-most-successful-retail-property-companies-for-sale-100656