Home Reit Share Discussion Threads

[rolo7] 29/1/2016 13:53

spod those lease 1/2 ish once homebase is sold!

[nw99] 29/1/2016 13:47

Mathew Earl famous blogger in Twitter normally shorts has just gone long here Interesting

[spob] 29/1/2016 13:42

"Unencumbered by debt"

Not true i'm afraid

Home has vast operating lease commitments

You can't just walk away from those stores and stop paying the leases

they still have to be paid

[kalkanite] 29/1/2016 13:24

HOME will have £460m in cash after the Homebase sale and a loan book of around £550m which is unencumbered by debt. In a bad year HOME will make mid to high single digit EPS so it is very far from being a distressed company.

It seems the balance sheet is not being recognized here by investors for some reason. Although I also think that an offer of around 165p is a realistic one.

[careful] 29/1/2016 12:50

Sainsbury once turned down an offer for £6 per share.
they more than halved after that
Home should grab any reasonable premium, cash and share offer.

Don't fall for all the usual bullsh*t that their is a queue of other bidders waiting to pounce.

[oldvic] 29/1/2016 12:18

home is in play

whether its sainsburys or not

[scapital] 29/1/2016 11:34

FT saying talks have stalled but may still go through. So who knows.

[imperial3] 29/1/2016 11:29

Buyers coming in at lower prices.

[sportbilly1976] 29/1/2016 11:21

swift drop there - news coming of the bid being pulled?

[nw99] 29/1/2016 10:00

Bears are talking it down added more here

[jonny33] 29/1/2016 09:51

Great minds....

[katie priceless] 29/1/2016 09:22

I had a stop loss at 139p

[jonny33] 29/1/2016 08:44

I've just spotted that the shorts have increased with Odey increasing his short position.

[jonny33] 29/1/2016 08:42

I had a £1.40 stop loss on 60% of my holding so I'm greatly reduced now, I might buy back in if it falls to low £1.30's

[market sniper3] 29/1/2016 08:39

Looks to be bears manipulating the share price first thing, no doubt they will turn buyers later in the day.

[oldvic] 28/1/2016 22:12

no imperial me ol mate


thats what they (and you ) want us to think

[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.