Avoid Hammerson (HMSO) by Stuart Blair in The Motley Fool CLOSED

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  • Performance

    34.40%

  • Price at start

    37.53p

    (bid)

  • Price at close

    24.62p

    (ask)

  • Tip made

    09/07/2020

  • Tip Status

    Closed

    10/07/2023

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Tip Notes

"...Unfortunately, its future looks bleak. Whereas companies like British Land can rely on exposure to the office market to help offset losses, Hammerson is currently stuck in retail malls. This is at a time when the majority of stores are seriously struggling. As such, it seems increasingly likely that Intu may not be the only landlord to face collapse. This means that, even with such a cheap valuation, I’d stay well away from Hammerson shares." - Stuart Blair, The Motley Fool

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