Home Reit Share Discussion Threads

[williamcooper104] 05/9/2022 14:56

I'm not sure what's the difference between HOME and CSH - other than of course CSH looks pretty woeful on corporate governance

[wilddcw] 05/9/2022 14:43

ZOA - what are you putting your money in. IMHO these types of properties will always be in demand (unfortunately for society).

[jonwig] 05/9/2022 09:30

ZOA - wise, I think.

The relevant risk factor was spelled out clearly in its prospectus, but one doesn't take much notice usually (I'd never buy anything if I did!). I'd have thought this should have earned an RNS.

AGR is a sound holding.

[zoa] 05/9/2022 09:16

I sold too as risks outweigh rewards, just out of the money though. LA'S will be under pressure as council tax increases will not be nice. Recycled into AGR with no loss of income.

[jonwig] 05/9/2022 09:05

Looking a bit more at he risk factors, I sold this morning. I can see charities being a victim of recession and stagflation, so this one instance may become part of a trend. How far LAs will be willing to go in support, I don't know.

At least I bought at 100, and the dividend yield wasn't brilliant.

[jonwig] 03/9/2022 07:14

Thanks William.

HOME's WAULT is 24.3 years and rents are fully indexed. It's unclear whether Circle has other landlords with similar leases, I see that HOME's risk profile includes just this one.

[williamcooper104] 02/9/2022 23:10

One of HOME REITs tenants has gone into admin Seems that the rent is still being paid but that the administrator is aiming to get out of onerous leases https://www.investorschronicle.co.uk/news/2022/09/02/exclusive-home-reit-tenant-falls-into-administration-due-to-onerous-leases/

[jonwig] 25/7/2022 07:16

Enters FTSE250 index.

[jonwig] 27/5/2022 17:59

Look on the bright side: anyone who couldn't get in on the placing could have bought cheaper today!

[apollocreed1] 27/5/2022 17:33

@elbrus55- Makes sense.

[elbrus55] 27/5/2022 13:34

My guess would be that institutions overbid in the placing in anticipation of scaling back. It turned out they got a higher % than they were expecting and so are now overweight to where they want to be. They are keen to offload shares onto the market to reduce their overweight position and this supply reduces the share price.

[apollocreed1] 27/5/2022 11:30

The question now is why it has fallen dot much? 112.4 now

[apollocreed1] 27/5/2022 09:23

I think you guys are right. Good buying opportunity this morning.

[elbrus55] 27/5/2022 09:21

I bought more at 114.3p (XD)which is a tiny amount less than placing price even after the extra stamp duty.Hope they can invest all that cash quickly and wisely.

[gbcol] 27/5/2022 08:37

Good result for the fundraise so wasn’t expecting this fall. Hopefully just short term and will bounce back strongly when result of new placing shares hitting market settles down.

I didn’t quite get this one right, bought at 117p as wasn’t able to take part in placing but expected it to at least maintain that level. Managed to get more this morning at 114p. Happy to hold this for medium term as there is a reasonable divi and expect NAV/SP to improve back to pre-placing levels before too long.

[jonwig] 27/5/2022 08:00

HOME "has raised gross proceeds of approximately £263 million through a significantly oversubscribed Subsequent Placing of 228,899,083 New Ordinary Shares at an issue price of 115 pence per New Ordinary Share."

Increased size of offer but still oversubscribed! Even in these uncertain markets there are some areas where shares are in demand, and there's not much danger of actually losing money.

[gbcol] 16/5/2022 13:48

Thanks jonwig & nexus. I don’t think going direct to Alvarium will work as I’ll want to invest through my SIPP. I might speak to AJ Bell although if I recall correctly, last time I discussed with them the fees were very high - telephone charges plus a further charge for having to contact the company broker directly. At £40 I’d definitely do that but it was a lot more than that.

[nexusltd] 16/5/2022 11:55

I have in the recent past called my broker, ii, and given sufficient time to the offer closing date, they will contact the company broker and arrange to buy the shares. Telephone dealing charges apply c. GBP40 for this service.

[jonwig] 16/5/2022 11:06

You could probably ring Alvarium Securities and ask them how you could pick up some shares. They'd probably stipulate a minimum which would have four figures.

[gbcol] 16/5/2022 10:04

Am I correct in my understanding that as a placing this isn’t open to existing shareholders? I guess that share price will fall back towards 115p anyway (already dropped 3-4p) although probably/hopefully not quite that low.

[jonwig] 05/5/2022 08:20

H1 results:



I've taken my eye off these lately, though I still hold. All looks good!

[nexusltd] 27/1/2022 16:17

Dividend announced this afternoon.

[gbcol] 26/1/2022 10:09

Presumably now that they have deployed all the proceeds from last fund raise they will be looking to do another one in the near future. Maybe around 115p which would both enhance the last published NAV and give a discount to current share price

[gbcol] 13/1/2022 16:44

Quarterly based on this from the prospectus

Dividend policy
The Company aims to provide its Shareholders with secure and growing income along with capital growth over the medium- term. Starting from the financial period commencing 1 September 2021, the Company intends to pay dividends on a quarterly basis in cash, by way of four equal interim dividends.

The Company is targeting a minimum total dividend of 2.5 pence per Ordinary Share for the first financial period to 31 August 2021. Starting from the financial period commencing 1 September 2021, the minimum targeted annual dividend yield will be 5.5 pence per Ordinary Share, with the potential to grow the dividend in absolute terms through upward-only inflation-protected long-term lease agreements. In addition, the targeted net total NAV return will be a minimum of 7.5 per cent. per annum over the medium term.

[nbudd] 13/1/2022 16:07

So, they're targeting a 5.5 div for this year. Any thoughts as to whether this would be via a quarterly div or just using the three as per last year? If quarterly, we're overdue an announcement.