Hammerson (HMSO)

Sector:

Property Investment Trusts

Index:

FTSE 250

29.30p
   
  • Change Today:
      0.78p
  • 52 Week High: 29.36
  • 52 Week Low: 20.90
  • Currency: UK Pounds
  • Shares Issued: 4,989.26m
  • Volume: 3,498,183
  • Market Cap: £1,461.85m
  • RiskGrade: 385

Intu goes into administration but shopping centres to stay open

By Michele Maatouk

Date: Friday 26 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Intu Properties said on Friday that it has gone into administration but its shopping centres will remain open.
The owner of Lakeside and the Trafford Centre had said earlier in the day that it was likely to call in administrators after failing to reach a standstill agreement with its lenders.

It said that since its update earlier in the week, discussions have continued with creditors over the terms of standstill-based agreements. However, "insufficient alignment and agreement has been achieved on such terms".

The company's revolving credit facility covenant waiver is due to expire on Friday evening.

"Underlying group operating companies remain unaffected and all shopping centres are continuing to trade," it said. "The Intu Group's relationships with its tenants are with these operating companies, not the companies entering administration.

"The shopping centre operating companies have or are expected to enter into transitional services agreements with the administrators of the central entities to ensure continuity of service provision by the central entities to the individual shopping centres."

Intu had already warned on Tuesday that it could go into administration and said it had appointed KPMG to "contingency plan" for that eventuality.

The company's shares have been suspended from trading in London and Johannesburg.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Hammerson Market Data

Currency UK Pounds
Share Price 29.30p
Change Today 0.78p
% Change 2.73 %
52 Week High 29.36
52 Week Low 20.90
Volume 3,498,183
Shares Issued 4,989.26m
Market Cap £1,461.85m
RiskGrade 385

Hammerson Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.08% above the market average23.08% above the market average23.08% above the market average23.08% above the market average23.08% above the market average
76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average
Price Trend
64.23% above the market average64.23% above the market average64.23% above the market average64.23% above the market average64.23% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
68.69% above the market average68.69% above the market average68.69% above the market average68.69% above the market average68.69% above the market average
52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average
Growth
27.8% below the market average27.8% below the market average27.8% below the market average27.8% below the market average27.8% below the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 1
Buy 5
Neutral 2
Sell 4
Strong Sell 3
Total 15
neutral
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Hammerson Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Apr-24 24-Aug-23
Paid 10-May-24 02-Oct-23
Amount 0.78p 0.72p

Trades for 28-Mar-2024

Time Volume / Share Price
14:59 1 @ 29.30p
14:58 3,975 @ 29.36p
14:55 851 @ 29.34p
14:55 3,557 @ 29.30p
14:55 3,224 @ 29.30p

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