Home Reit Share Discussion Threads

[spob] 22/2/2016 17:41

Maybe, maybe not

Some might say that John Rogers of Sainsbury would look a bit foolish to back out now, given his previous boasts that he was really only paying 250m for Argos.

[dins1249] 22/2/2016 17:02

Since Sainsbury's have been granted an extension, it is more than probable that they are coming back with a higher offer. Otherwise, they would have called it a day by now.

[spob] 22/2/2016 16:48

Sainsbury granted an extension

as expected

Deadline now March 18


However if Walmart for example put forward a possible offer just before that deadline, then it could all be extended again

[oldvic] 22/2/2016 16:17

if the bensons for beds deal goes through do we still get the special payment from the aussie purchasers

[leadersoffice] 22/2/2016 14:08

dondee

Just rejoice in the rising share price.


Announcement due anytime from Sainsbury's... will they stick or twist?

[fizzypop] 22/2/2016 13:55

Creeping up - now 174p

[dins1249] 22/2/2016 12:48

Assumed Sainsbury's will walk away as they cannot match Steinhoff. Thus many taking their profits on HRG as £1.75 thought to be the upper limit.

[dondee] 22/2/2016 12:33

Can someone on here tell me why this share is up 19.4p yet SELL ratio to BUY is 60/40 in favour of sell?

[spob] 22/2/2016 08:53

I think Odey asset management was short HOME because they thought the Sainsbury offer would not gain enough support from Sainsbury shareholders

But now we have a new all cash offer from Steinhoff

[oldvic] 22/2/2016 08:51

what we need now is amazon to get in the ring with a knockout punch

[spob] 22/2/2016 08:49

Well we have a possible bidding war - Sainsbury v Steinhoff - The final offer price could go higher


plus the possibility of other counter offers from Wal-mart/Asda or someone else

plus some burnt fingers being forced to close their shorts in HRG

[leadersoffice] 22/2/2016 08:29

Impressive rise this morning. Didn't think the markets would push it over £1.70

[spob] 22/2/2016 08:05

Anyone know the current short percentage for HOME ?

[katie priceless] 22/2/2016 07:45

One or two new stories in the press regarding the HOME bid

[leadersoffice] 21/2/2016 23:15

City AMSainsbury's expected to ask for more time over Home Retail Group bid as gatecrasher joins the party21 February 2016 8:15pmby Kasmira Jefford

[a0148009] 21/2/2016 21:47

Extract from Sunday Telegraph re CMA referral:-

"One senior industry source said that as a result, the merger would be bound for a so-called phase two investigation, which is a six-month process.

Merging companies typically notify the CMA and then pass through a 40-day phase one process. However, if there are serious concerns that a deal may restrict competition for consumers, it is referred to a second stage investigation, which adds a further 24 weeks.

There are only two cases out of the 141 the CMA has reviewed since its inception in 2014 that have gone directly to the phase two stage: BT’s takeover of mobile phone company EE and Ladbroke’s acquisition of Gala Coral."

The CMA has been particularly critical of retail takeovers, recently subjecting Poundland’s £55m takeover of 99p Stores to a phase two inquiry. During the investigation, trading at 99p Stores deteriorated so sharply that Poundland had to issue a profit warning.

“A prolonged inquiry always creates some jeopardy for listed transactions, in particular when the trading environment can change”, said Alec Burnside, a competition lawyer. “While the inquiry is running, there’s the concern that the uncertainty will worry staff, suppliers, shareholders and customers”.

Some analysts have suggested that Sainsbury’s bid for Argos is a distraction for the board during the toughest ever retail environment, and the threat of a lengthy investigation would exacerbate this.

Steinhoff has a highly acquisitive track record and would likely add Argos to its stable of 35 other value and discount retail brands that span Europe, Africa and Australasia. It would give investors in Home Retail the certainty of cash, rather than Sainsbury’s stock and cash offer, which would be highly exposed to share performance.

[leadersoffice] 21/2/2016 21:07

Sainsbury's bid for Argos on a knife edge as South African rival makes last ditch £1.4bn offer By Rupert Steiner for the Daily Mail20:02 21 Feb 2016, updated 20:02 21 Feb 2016 Update Executives locked in meetings

[spob] 21/2/2016 20:49

No competition issues for the Steinhoff offer.

And it's all cash.

Can't think of a better result for HOME shareholders.

[leadersoffice] 21/2/2016 17:35

It won't be curtains for Home retail group. We have a future with or without a takeover. The company is in better shape and going forward it would allow the board to carry on its restructuring programme should there be a major spanner in the works.

[imperial3] 21/2/2016 17:22

I just wonder how much the Competition and Markets Authority,are going to be a spanner in the works here? If they start getting involved,then is it curtains for us?

[leadersoffice] 21/2/2016 16:56

Why would it open over £1.75? There's only one confirmed suitor other than Sainsbury's. Will see a rise but probably at £1.60 plus. All depends what Sainsbury's got up its sleeve. We might hear later as news may be leaked this evening so keep an eye on SKY news

[spob] 21/2/2016 15:13

Anyone think Home could trade above 175p tomorrow ?

On the expectation of either a counter offer from Sainsbury or further new offers from others such as Wal Mart ?

[spob] 21/2/2016 15:07

Anyone know what percentage of Home Retail shares is being shorted at the moment.

I'm sure any that are short right now will be desperate to close out tomorrow morning.