Hammerson has been buying properties overseas to seek more growth and cutting the proportion of its assets in the UK to about 60%. However, buying Intu would take this back to 75%. Adding to this, the extreme uncertainty caused by Brexit to the economy, people teare tending to show a more introverted attitude by staying at home and clicking on Amazon Prime. This might explain why Intu’s shares are trading at only half the value of its assets. Hammerson’s stock is less discounted.
08 Dec 2017
Bigger may be marginally better
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Bigger may be marginally better
Hammerson plc (HMSO:LON) | 27.0 0.1 1.0% | Mkt Cap: 1,346m
- Published:
08 Dec 2017 -
Author:
Zeineb SAHNOUN -
Pages:
3
Hammerson has been buying properties overseas to seek more growth and cutting the proportion of its assets in the UK to about 60%. However, buying Intu would take this back to 75%. Adding to this, the extreme uncertainty caused by Brexit to the economy, people teare tending to show a more introverted attitude by staying at home and clicking on Amazon Prime. This might explain why Intu’s shares are trading at only half the value of its assets. Hammerson’s stock is less discounted.