Home Reit Share Discussion Threads

[trcml] 20/7/2021 09:42

snag with index-linked property investments is that there hardly any potential for increasing capital value using asset management initiatives. Having invested all its borrowings, HOMe would either have to selloff e or more existing holdings to buy any more or borrow the money from shareholders.

Because of raison deter the story can tug at one's heart strings but really all the HOMe is doing is buying into a sector of the market that provides a secure income. It is very easy to over pay for index-linked investments, especially cap and collar which offer minimum uplifts annually, bt the underling value of the property with vacant possession is what counts.

[jonwig] 20/7/2021 07:16

Potential equity raise (details to follow):



Aldo trading update: no Covid, etc. issues. 100% rent collection.

[jonwig] 28/4/2021 07:57

A good maiden set of results, HY to end-feb:

[jonwig] 21/12/2020 16:55

As detailed in the Prospectus, the Directors subscribed for the below Ordinary Shares at 100p per share during the Company's initial public offering and have therefore held (and continue to hold) beneficial interests in these shares since Admission.

Director


Number of Ordinary Shares held


% of Ordinary Shares in issue








Lynne Fennah


50,000


0.021

Peter Cardwell


10,000


0.004

Simon Moore


36,000


0.015

Marlene Wood


20,000


0.008

[jonwig] 14/12/2020 08:12

Update and loan facility:



Half of proceeds invested. 12-yr loan at 2.1%.

[jojo] 14/11/2020 10:04

hope they succeed

[wilddcw] 27/10/2020 13:06

a really unhelpful news release - hope they improve!

" each property is immediately income producing, with net initial yields in line with the Company's target level."

[jonwig] 19/10/2020 09:32

First acquisition:



Five properties, total cost £9m, rent £75 per person per week.
Not much use when the don't tell us the total capacity.

[jonwig] 12/10/2020 07:13

Chart is adrift: links to Home Retail which is defunct.
Will look odd for a while.

[jonwig] 08/10/2020 10:15

Slightly disappointing, having wanted 250m shares.
Dividend 5.5p when fully invested.

Some press coverage:

[jonwig] 08/10/2020 10:15

240,570,465 shares listed at 100p, October 2020.

[a0148009] 02/9/2016 13:32

Farewell Home Retail Group, Hello Sainsbury (Argos).
AO

[a0148009] 22/8/2016 12:20

Hope this helps :-



AO

[jaykaytee] 19/8/2016 17:17

For those of us still holding, we have received notification recently that there are three options to the offer.
I'm a bit of a newby to this game, but what do people make of the options, and which is the best in your opinion?

[spob] 06/7/2016 11:16

The Court Meeting and the General Meeting of Home Retail Group Shareholders to approve the Scheme (and the steps contemplated by the Scheme) are scheduled to be held at 11.00 a.m. and 11.10 a.m. respectively on 27 July 2016 at Holiday Inn Milton Keynes, 500 Saxon Gate West, Milton Keynes MK9 2HQ.

Subject to approval at the relevant meetings, Court approval and the satisfaction or waiver of the other Conditions set out in the Scheme Document (including, amongst others, approvals from the CMA and the FCA and the Newco Reduction of Capital having become effective), the Acquisition is expected to become effective on or around 2 September 2016, with the Sainsbury's Offer Consideration (and, if applicable, share certificates) being sent to Home Retail Group Shareholders within 14 days of such date. The expected timetable of principal events is set out in the Appendix to this announcement.



EXPECTED TIMETABLE OF PRINCIPAL EVENTS(1)


Event Expected time/date
---------------------------------- -------------------------
Latest time for lodging blue 11.00 a.m. on 25
Forms of Proxy for use at July 2016
the Court Meeting(2)

Latest time for lodging yellow 11.10 a.m. on 25
Forms of Proxy for use at July 2016
the General Meeting(2)

Voting Record Time 6.00 p.m. on 25
July 2016

Court Meeting 11.00 a.m. on 27
July 2016

General Meeting(3) 11.10 a.m. on 27
July 2016

Latest time for receipt of 1.00 p.m. on 30
green Forms of Election or August 2016
Electronic Elections from
CREST holders

Scheme Court Hearing (to 31 August 2016(*)
sanction the Scheme)

Last day of dealings in and 31 August 2016(*)
for registration of transfers,
and disablement in CREST,
of Home Retail Group Shares

Suspension of trading in 4.30 p.m. on 31
Home Retail Group Shares August 2016(*)

Scheme Record Time 6.00 p.m. on 31
August 2016(*)

Home Retail Group Reduction 1 September 2016(*)
Court Hearing (to confirm
Home Retail Group Reduction
of Capital)

Effective Date of the Scheme 1 September 2016(*)

Cancellation of Home Retail 1 September 2016(*)
Group Shares and issue of
Newco Shares to Home Retail
Group Shareholders

Newco Reduction Record Time 6.00 p.m. on 1
September 2016(*)

Newco Reduction Court Hearing 2 September 2016(*)
(to confirm Newco Reduction
of Capital)

Effective Date of Newco Reduction 2 September 2016(*)
of Capital

Execution of transfer of 2 September 2016*
Newco Shares held by Home
Retail Group Shareholders
to Sainsbury's

New Sainsbury's Shares issued by 8.00 a.m. on
to Home Retail Group Shareholders 5 September 2016*

Admission and commencement 8.00 a.m. on 5
of dealings in New Sainsbury's September 2016(*)
Shares on the London Stock
Exchange

Cancellation of listing of 5 September 2016(*)
Home Retail Group Shares
Settlement of Sainsbury's

Offer Consideration:

- CREST accounts of Home As soon as possible
Retail Group Shareholders after 8.00 a.m.
credited with new Sainsbury's on 5 September
Shares
2016*
- CREST accounts of Home Within 14 days
Retail Group Shareholders of the Newco Reduction
credited with any cash due Effective Time

- Despatch of cheques and Within 14 days
share certificates of New of the Newco Reduction
Sainsbury's Shares to Home Effective Time
Retail Group Shareholders
who held Home Retail Group
Shares in certificated form

Settlement of Capital Return:

- Despatch of cheques or Within 14 days
settlement through CREST of the Newco Reduction
Effective Time

Long Stop Date 29 March 2017

------------------------------------ -----------------------



Notes:
(1) Unless otherwise stated, all references in
this document to times are to London times.
(2) A blue Form of Proxy for the Court Meeting
not so lodged may be handed to a representative
of Capita at the venue of the Court Meeting or
the Chairman of the Court Meeting before the
start of the Court Meeting. However, the yellow
Form of Proxy for the General Meeting must be
lodged by 11.10 a.m. on 25 July 2016 in order
to be valid.
(3) To commence at 11:10 a.m. or, if later, immediately
after the conclusion or adjournment of the Court
Meeting.
* The expected date of the Scheme Court Hearing
(to sanction the Scheme) and each of the subsequent
dates set out in this timetable could be subject
to change to earlier or later dates. These dates
will depend, among other things, on the date
on which the regulatory and other Conditions
to the Scheme and the Acquisition are satisfied
or, if capable of waiver, waived.

[spob] 09/6/2016 07:14

In the course of implementing its new governance and risk management procedures, the Group's Financial Services division identified that it had erroneously collected excess fees in relation to the late payment of amounts due from certain customers. The Group took advice on this matter and based upon this advice it booked a charge in its FY16 financial statements. The Group has subsequently been advised that a more extensive customer redress programme will now be required. A detailed review exercise will now be undertaken, however a preliminary estimate has been prepared, which indicates that the existing customer redress provision may need to be increased by an amount in the region of £30m.

[jaykaytee] 25/5/2016 12:51

Thanks SPOB

[spob] 24/5/2016 20:58

October-December

[jaykaytee] 11/5/2016 10:58

Anybody got any idea when this takeover will go through, and when we should expect to get paid?

[tradesmarter] 03/5/2016 22:45

Good luck guys n gals I've done well from home, but as previously stated don't see this going higher than 175 and it has appeared to have peaked around 172 in the short term. Whilst Sainsburys have had a great run, again 290 seems to be a sticking zone and for now expecting home to tread water or be pulled a tad lower....my 58p options have indeed come good and the twists in the story have been interesting to say the least the past few months....longer term I reckon sbry should be nearer 350, but for now just feel everything priced in and decided to bank my winnings....…had hoped for 180 and then thought maybe 200 but for now happy that we rose back from 160 when steinhoff withdrew.....good luck!

[tradesmarter] 23/3/2016 08:19

The offer has not changed, the rise in the sbry share price has improved our offer...breakdown as follows

55p cash x 0.321 sbry share (our share price will mirror sbry movements to an extent now)...the special divi and final divi worth approx 28p.……so at current sbry price offer stands 90p (2.80x 0.321)per share plus 55p cash =145p offer add on special divi and final at 28p…... price around 172{....discount to market due to no 100% guarantee....we need sbry to get over sticky resistance area 282-285 soon or price will fall back. For now still risk of sbry dilution to fund the buy and dividend payments not 100% guarantee....hence discount to market price, I'm thinking we will be in the 161-175 range for now...buy the dip applies And profit taking likely over 170 my best guess...good luck

[jonny33] 22/3/2016 08:22

Does anyone know what the exact offer looks like? If it's cash and shares then what is the breakdown?

Also any idea when the Special Dividend for the sale of Homebase gets paid?