Home Reit Share Discussion Threads

[katie priceless] 28/1/2016 21:11

Is this connected with the HOME bid

28 January 2016


QATAR INVESTMENT FUND PLC


Share buy-back(s)

Qatar Investment Fund plc (the "Company") announces that on 28 January 2016 it purchased 10,000 of its ordinary shares at a price per share of USD 0.9925 and it purchased 13,000 of its ordinary shares at a price per share of USD 0.9800.

Following the above purchase, the Company holds 1,717,870 of its ordinary shares in treasury and has 118,234,877 ordinary shares in issue (excluding treasury shares).

The above figure of 118,234,877 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and

[imperial3] 28/1/2016 20:59

Sainsbury's pulling out then? Pressure from QIA?

[market sniper3] 28/1/2016 20:35

Not only that but the Feb 2nd deadline can be extended under certain circumstances.

Both sides are playing cat and mouse, nothing new.

Negotiating is like that.

Sainsburys still a player.

[scapital] 28/1/2016 20:14

This is never going to drop below £1 again. There will be bid after bid maintaining the £1b+ valuation and if they don't get taken out eventually the turnaround will have worked out and HOME will be back at £2 anyway.

[edmondj] 28/1/2016 19:47

Hardly a disaster - except for leveraged speculators perhaps - if it doesn't happen.

[haywards26] 28/1/2016 19:40

If Sainsbury's won't pay a reasonable price then they will miss out. It is all gamesmanship, I am confident still.

[jonny33] 28/1/2016 19:32

Just found this....not good news



Toscafund said it had sold 10m shares in the Argos owner at 152p apiece, which reduced its holding to 7.25 per cent. Martin Hughes, founder of the hedge fund, has publicly criticised Home Retail management for rejecting a takeover offer in November from J Sainsbury without first consulting shareholders.

Sainsbury has until February 2 to make another offer or walk away. The talk among traders has been that the sides are still far apart on price, with Sainsbury said to be offering only a small improvement to its November offer that was reportedly about 130p a share. That would probably be at least 50p short of a valuation Home Retail’s board would be prepared to recommend, traders said.

Canaccord repeated “sell” advice on Home Retail, saying that any offer above 135p a share would be at a premium to the wider retail sector. “Only a strategically compelling transaction could justify that,” it said.

[jonny33] 28/1/2016 19:29

I believe (and I'm guessing) all institutional trades have to be reported whilst there is a bid pending. There has been hundreds over the last few weeks. After the 2nd Feb reporting like this should stop.

[it_trader] 28/1/2016 19:26

RickyVadar, they are not the forms you should be looking at

[market sniper3] 28/1/2016 19:23

Look to be up above anyway here on this thread.

[market sniper3] 28/1/2016 19:22

Place http in browser instead of hxxp.

[market sniper3] 28/1/2016 19:21

Far right under company announcements. Looks like funds hedging there positions both long and short.

hxxp://www.hl.co.uk/shares/shares-search-results/h/home-retail-group-ordinary-10p?tab=security_news

[rickyvader] 28/1/2016 19:08

iF you go on hl website and they are listed in home and sainsbury . They are forms 8.3 and 8.5. And mention bids and share dealings

[dins1249] 28/1/2016 18:49

RV
Where did you pick that up from?

[rickyvader] 28/1/2016 17:17

Lots of forms gone in from sainsburys at 430pm in connection with home. J

[mrx9000] 28/1/2016 16:03

katie: thanks for the advice.

[katie priceless] 28/1/2016 16:01

mrx9000

You have posted your advice about market sniper , so you can go now.

[market sniper3] 28/1/2016 15:55

Sainsbury’s notes the articles recently published in the Times and the Guardian.

We understand that the QIA is not the source of these articles and has not yet taken a final position on the proposed Home Retail Group transaction. Like any other shareholder the QIA would consider any such proposal in detail before making a final decision on its position.

[jonny33] 28/1/2016 15:48

Just in case either of you two decide to have a fight about who is a bully and who is a troll DON'T for the sake of the rest of the board please PM each other and sort it out 121 and not in public.

[mrx9000] 28/1/2016 14:15

My advice in regard the user market sniper, is just to filter him. I have done a new thread on advfn that lists Keyboard Warriors and Trolls here

[scapital] 28/1/2016 14:01

Almost no chance of them pulling out.The only question is whether their second bid will be high enough.

[imperial3] 28/1/2016 13:32

Hopefully,Sainsbury will not back out now??!!

[solanki2000] 28/1/2016 12:58

I personally think around 190 will go through. If there is offically a re-entry then we may see a bidding war as other supermarkets can't allow this to just happen, will loose their market share and change their own strategy