Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Covid-19 has changed the world. Well perhaps not the virus itself but the governmental response, which I continue to see as the biggest exercise in GroupThink madness the world has seen. But the change has come and a clear victim is Hammerson (HMSO), a heavily indebted owner of retail properties. Its last stated NAV was 601p, the shares trade at 84p. Either this is the cheapest stock going or something is so wrong that it could be horribly expensive...
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