Pick of the Month: Hammerson
Hammerson has been one of many UK-focused mall owners hit by negative investor sentiment, as online shopping gained traction and Brexit concerns put pressure on real estate valuations
24 September 2020 - 08:00
Hammerson shareholders are no doubt still licking their wounds after a highly dilutive rights issue and capital reorganisation this month.
The latter led to a consolidation of one share for every five held. It made the UK and Western European-focused mall owner’s share price plunge to new lows of R6.40 (by September 10), taking the year-to-date loss to 97%...
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