Home Reit Share Discussion Threads

[williamcooper104] 12/1/2023 18:28

2.15 percent borrow fee

[wallywoo] 12/1/2023 16:31

Ouch doddy, so you will have to fork out for the dividend in just over a week.


Hope you're saving up? I'm looking forward to mine, just had my gsk ones today. . There are only a few shorters left here now. Too expensive.

You must be worried if they don't relist? I remember shorting Carillion, it took 18 months to get my money after suspension. Don't think that will happen, though we are certainly in a corridor of uncertainty now.

[dodddy] 12/1/2023 16:03

Still think your missing the point.one of us will make a lot of money on this over the next few months. Ps I'm a trader who's still short and not a paid deramper

[spectoacc] 12/1/2023 15:44

"Paid derampers" has morphed into posters being on the payroll of class action lawyers. You couldn't make it up, it's hilarious.

You simply don't get it. The tenants were promised money for CapEx. They haven't had it. HOME agreed (in the case of Big Help Group) to waive £5.5m of rent over the next 2 years, to cover it. Seemingly they're now reneging.

Broken promises, sub-standard property, misleading statements. Property purchased that had next to no CapEx, despite HOME's statements to the contrary, as was pointed out on here (not least with all the EPC research) before you started your ramping campaign.


In case you do your usual 5 edits:

"wallywoo12 Jan '23 - 15:27 - 713 of 713
0 0 0
It is that simple if the parties agree terms. They have a very good reason to agree. The tenants keep the houses and Home Reit gets their rent.


I firmly believe this BB is being targeted by the class action lawyers. They have the most to benefit with muddying the waters here.


I don't believe any of the largest shareholders are joining them, so they are trying on here. Any of you admit to being on their payroll???


Very unlikely since they would be admitting collusion."

[wallywoo] 12/1/2023 15:27

It is that simple if the parties agree terms. They have a very good reason to agree. The tenants keep the houses and Home Reit gets their rent.I firmly believe this BB is being targeted by the class action lawyers. They have the most to benefit with muddying the waters here.I don't believe any of the largest shareholders are joining them, so they are trying on here. Any of you admit to being on their payroll???Very unlikely since they would be admitting collusion.

[adae] 12/1/2023 14:57

74Tom - will the declared dividend be paid.. Reading between the lines of the RNS, it's not just those two withholding rent.

The property flippers money will be long gone but at the very least, the scam should have come to an end. Next will be the blame game.

[dodddy] 12/1/2023 14:33

If only it were that simple

[wallywoo] 12/1/2023 14:07

What fraud?


Did Home Reit buy 2473 hmo houses to rent to charities who in turn home many in need? YES


Did they do it perfectly, so all parties are happy? NO


Is this recoverable so that all parties can move forward or will it disband, the assets sold, and those homed turfed out and what's left is distributed back to shareholders? THAT'S THE QUESTION!!

[dodddy] 12/1/2023 13:44

Close down ?? You mean expose a massive shareholder fraud

[spectoacc] 12/1/2023 12:48

You should be ashamed of yourself.

[wallywoo] 12/1/2023 12:44

So Spec you agree that there's value here. And that you are posting to try and muddy the waters, for some alternative agenda reasons. While I am a value / contrarian shareholder, explaining why I invested.


Let's move on, shall we!!

No interest for working for Home. I make too much being an full time trader, thanks though!!!

[spectoacc] 12/1/2023 12:40

Ah, you've edited yet again.

"Paid derampers" I believe was a previous allegation you made. Doesn't look so clever now. You have absolutely no shame, but I'm starting to twig why.

You could probably get a seat on the HOME board.

[wallywoo] 12/1/2023 12:38

If you took 30 seconds to say why, I could counter it!!!

You have not edited your post with your misspelling of tenant! Just too lazy!! Made me chuckle!

[spectoacc] 12/1/2023 12:35

You've edited your post, there's a surprise.

If you did 30 seconds of research, you'd know that neither of your points are valid.

[wallywoo] 12/1/2023 12:22

Not at all. If the homes are a poor standard:

1) the charities did not do their due diligence before agreeing to maintain them.


2) and or they are not maintaining them properly and trying to pass the buck / trying it on .


Probably a mix of the two. My experience of these charities are they are extremely slow to fix anything.

Perhaps you mean tenants!!! Hate auto correct!

I am defending, my shareholding here yes. I invested at a really cheap price because there's value here. I never expected there not to be problems. There's still huge value here despite your deramping.

[spectoacc] 12/1/2023 12:16

"Tennants" made me chuckle at least - perhaps you meant Tennents? Popular in the unimproved, falling apart bedsits peddled by these crooks I bet.

"The UK is crying out for good, affordable homes to rent"

So it is - and you still haven't worked out that HOME doesn't have these?

You'd happily see vulnerable people live in substandard and inappropriate property, because "I'm alright Jack"?

You've defended HOME all the way down - you're on the wrong side of the fence.

[wallywoo] 12/1/2023 12:12

Lol, the derampers on this BB are ridiculous.


Who has more power here. The owners of the property or the Tenants??


Ultimately, the Tenants will be without homes to manage if they fall out with Home Reit.


If, as you suggest the business model here is not working, then the houses can have alternative uses. The UK is crying out for good, affordable homes to rent.


Who is the party that is in the position of power? Who is likely to lose out more if they don't resolve their differences?


Again this all looks like Tenants trying to flex muscles they don't have, to take advantage of the situation. If they are not careful Home Reit could change their remit and these charities will be disbanded / lose their purpose.


Would much rather be on this side of the fence!! I would be a lot more worried if it was the main shareholders here that were causing trouble.

[spectoacc] 12/1/2023 11:45

You'd not want to be a yes-man on the HOME REIT board atm. Everything Alvarium told you is, um...

That RNS entirely misses the point - as did so much of HOME's "no truth to the allegations" responses.

"The Company is reviewing all options to obtain payment of overdue rent from its tenants" is not the issue. The issue is why those tenants - and presumably others - haven't been and aren't paying.

The business model is fundamentally rotten IMO.

[sunshine today] 12/1/2023 11:13

Umm, game over !

[spectoacc] 12/1/2023 07:58

@Williamscooper104 - agree they still might release them pre-31st, but this brings into question what the BoD had been told, what BDO had been told, and whether there's yet more we don't know.

One thing's for sure - the a/c's will be an interesting read.

This from the "Full rebuttal" of 30th November:


"There are no overdue arrears in relation to amounts billed to 31 August 2022, supporting the independent valuations of the Company's portfolio carried out by Knight Frank LLP..."


From CityAm link:
"Big Help chief executive Peter Mitchell told City A.M. that the charity was a “victim” of Home REIT and the firm had hamstrung its ability to support vulnerable groups."

"...Withheld £6m in rent from the firm between March and the end of August in protest at the dire state of housing it provided, prompting the two parties to strike a deal for two years’ rent relief worth £5.5m from September. "


I see HOME's wiggle room - Big Help had withheld the £6m, but paid it after agreeing the £5.5m rent relief for the next two years. Something HOME are subsequently trying to renege on.

So perhaps yes, in theory, HOME had received 100% of rent due up to 31st Aug, but at cost of rent for subsequent periods.

Confirms - once again - the lack of CapEx pre-purchase.

[spectoacc] 12/1/2023 07:05

@Tradez4days - wow. If true, that makes HOME's previous statement surely false, no wiggle room with timings. Yet another VR allegation that was correct.

@wallywoo - doubt anyone who bought in based on your previous posts will feel the same way:

"Do poster's really believe that this is fraud when such a respected institutions owns such a lot here. Do you think they do so little due diligence??

This will bounce, despite the huge number of derampers on here. All looks like a fear bear raid to me."

Said when the share price was over 50p.

[williamcooper104] 12/1/2023 00:11

£6m is being withheld on 20% of HOMEs rent So just make a provision for £30m and get the accounts published