Home Reit Share Discussion Threads

[fizzypop] 21/1/2016 11:49

The current share price of 135p seems to be discounting any likelihood of a bid or is this just a drift down on absence of news?

[imperial3] 19/1/2016 14:52

Have Sainsbury's been buying Home shares in the last week or so?

[jonny33] 18/1/2016 14:14

The deal has to be ratified by Shareholders first, so it'll be into Feb before this happens

[oldvic] 18/1/2016 13:38

if they return 200 mill on Homebase sale to shareholders
at what date would we think you need to be holding ?

[mike24] 18/1/2016 09:12

they are flogging of HB on the cheap
because it never challenged B&Q for
products/price/and most important, promotions
or ever trying to push quality

german supermarkets are looking at waitrose model
to plug upmarket image, HB should have done that
with their kitchen range,

[haywards26] 18/1/2016 09:01

That is half the jigsaw now in place :)

[haywards26] 17/1/2016 17:02

I think the £1.60 will exclude the Homebase sale, the two bids together should hopefully see a total bid amount of £1.80.

The weekend press is pointing towards a firm Sainsbury's bid in the offing

[leadersoffice] 17/1/2016 07:30

Sainsbury's thought to want to pay no more than £1.60 HRG shareholders will accept £1.80. It's a no deal at £1.60. Lord Sainsburys gives his blessing to pursue HRG.

[imranawan] 14/1/2016 20:10

Thanks Haywards.

I've held HOME since before the takeover bid. Hope you're right that it does get taken out for a premium. Good luck.

Regards, Imran.

[haywards26] 14/1/2016 19:51

Hi Imranawan,

I have had HOME on my watch's list for years. But only bought in for the first time this morning following the Homebase bid being announced. On the balance of probability I think Sainsbury's or another party will now gobble up the remainder of HOME at premium to the current share price.

[imperial3] 14/1/2016 16:19

Back up on the up.Let it continue.

[fizzypop] 14/1/2016 14:52

Good chance we may close above 150p today.

[imranawan] 14/1/2016 13:44

Haywards - am I right in thinking you've now sold out of HOME. Your post wasn't very clear.

[haywards26] 14/1/2016 13:30

I think the odds are in favour of the Homebase deal to be done and complete, Sainsbury's to come back with a improved firm offer for the remaining Group. Then it is down to whether the improved offer is reasonable and acceptable. At 150 I have taken my gamble :)

[haywards26] 14/1/2016 10:36

Takeover looks more likely re Sainsbury's - IMO they only want the Argos element, with Homebase gone it becomes a more attractive deal for them.

[libertine] 14/1/2016 09:59

With Homebase off their backs a takeover looks less compelling to large shareholders.

[svenice7] 14/1/2016 09:47

I mean £1.58

[svenice7] 14/1/2016 09:47

Bought at £1, sold at £158. Cheers ??

[haywards26] 14/1/2016 09:32

Bought in this morning. I think there is value here bid or no bid. With Homebase likely to be sold and further investment in the Argos digital offering. It is a matter of time before either another bidder arrives or improved profitability.

[fizzypop] 14/1/2016 09:26

£200m equates to about 25p per share

[fizzypop] 14/1/2016 09:14

Above article: " The British company said it will hand around £200m of cash back to investors from the sale of Homebase, which might prompt Sainsbury's to raise its next offer.

Wesfarmers owns the Coles supermarket chain

The rest of the £340m will be spent on pension contributions and deal costs, with only £15m retained by the company."

Sounds like a large special dividend to me.

[jonny33] 14/1/2016 08:25

if Sainsburys decide to pull out I would be selling now. However if you believe there is another offer coming anything above 1.80 would be great.