Home Reit Share Discussion Threads

[eekhoorn] 16/1/2025 19:19

Hmmm, some more off book trades look to have been logged. It now seems to be trading at 8p so a hundred percent gain so far this year. Onwards and upwards.

[eekhoorn] 15/1/2025 17:39

Well we'll have to see about that, you've been right about most HOME REIT affairs in the past so you could well be right again. The possibility of FCA fines is on the risk register on page 41 so they're not denying that it's a distinct possibility. Punishing defrauded investors isn't exactly encouraging growth in the UK economy though is it?AlTI Global that brought Alvarium isn't quite as blasé as you are about the possibility of FCA fines. From their latest AlTI Global SEC fillings:'....it is possible that the UK FCA may determine that certain breaches have occurred, and it may seek to impose financial penalties or other outcomes on one or more group entities, that may potentially be material.'The fun never ends here.

[spectoacc] 15/1/2025 16:56

What will actually happen is the FCA will fine HOME (ie its shareholders). Alvarium - who've already had a reorganisation and hived off the HOME part - will turn out not to have the funds for any redress (IMO).

Look how eg Simon Lee has sailed merrily on, nearly got his new fund away (bought API's assets instead).

What would be interesting is if those in on selling HOME the properties at 50%-100% mark-ups were pursued - but by whom? And didn't both original guys quit years ago, in their 30's, with alleged ill health? I might have mis-remembered that part but a lot of time has now passed for assets to shift ownership and jurisdiction (Venice, anyone?).

What should irk shareholders is some of the original sellers - who sold to the Venice crook who flipped on to HOME with the allegedly fake-o CIC tenants and allegedly no CapEx - were able to buy back their best properties at a fraction of the price at Allsops over the past year.

HOME, like Woodford, has been one for the ages.

[eekhoorn] 15/1/2025 16:24

Well 10p (which is what I've marked HOME down to) would be a nice return of capital for the time being whilst we wait for the FCA to do its job and enforce Alvarium to implement a redress scheme. The much delayed annual report reads like an extended charge sheet of Alvarium maladministration, the new directors and AEW have virtually done the FCA's job for them. The FCA got there in the end for Woodford and they'll get there in the end here. Ultimately it's very simple what needs to be delivered- resolution and justice, then everyone can move on from this. That's what regulators are there for.

[spectoacc] 14/1/2025 17:07

Agreed, 10-20p for eventual return. Shareholders interests would probably be best served by a settlement, which would get Alvarium and associated crooks largely off the hook, but enable more money to come back.

Be interesting to see where it does trade - are there enough Wallywoos to create a buyers market?

[williamcooper104] 14/1/2025 17:05

Guess it'll trade about 10p if it does re-list

[williamcooper104] 14/1/2025 17:05

Yep - saw that - it's as of August 23 so of course may not be 27.5p now Clearly anything close to that would be a great result Still think it ends up at around 15p

[williamcooper104] 14/1/2025 14:03

Sounds like they are going to actually be re-listed/trade again I guess there will be (hopefully) a large distribution once the properties are sold and then a shell co with some cash for litigation left for another 3-5 years

[triskelion] 14/1/2025 13:12

From today's RNS:

"The publication of these accounts also marks the point when Lynne Fennah, Marlene Wood, Peter Cardwell and Simon Moore stand down from the Board. I would like to take this opportunity to thank them for their support since I took the Chair role in January last year."

Anodyne enough I suppose so presumably that statement doesn't have any legal effect prejudicial to the company and/or shareholders.

[eekhoorn] 10/1/2025 10:36

There was a single trade of 40,388 on 27th December, hardly worth Southey Capitals effort. Establishes a floor if they ever resume I suppose

[spectoacc] 10/1/2025 10:29

A few I'm sure, but they'd be "wallywoo"s if so.

Might get a holdings RNS.

No news on sale of the remainder yet.

[craigso] 10/1/2025 10:23

I wonder if anybody actually sold at 4p...

[adv11] 11/12/2024 15:05

Surprised to see I have a Corporate Action notification for the 4p/share offer from Southey Capital. Didn't expect that this was a serious offer, even though I would love to get rid.
Quote -
If you decide to tender your Home REIT shares, it is not currently known when we expect to credit the cash to your account.
Please note that Southey (the Offeror) reserves the right to not accept any tendered shares and to not purchase them.

[spectoacc] 06/12/2024 08:19

Be interested to hear why the ISS advised voting against - what does it achieve?

Isn't as if HOME isn't in wind-down mode already.

[cc2014] 06/12/2024 07:33

Interesting votes at the AGMAnd the board will provide an update within 6 months!

[cruelladeville] 05/12/2024 13:34

That's about 3.99p more than I thought share holders would walk away with.

[williamcooper104] 05/12/2024 07:38

Yep 4p is silly 12p and they could have it

[terminator101] 05/12/2024 07:00

4p huh

Who would ever have thunk that this pile of loss making debt ridden lifestyle pish run by a series of crooks would ever have been worth so much huh.

[craigso] 04/12/2024 17:41

4p? lmao Even their website looks dodgy.

A year ago maybe, but not now that the loan is repaid and there miraculously still appears to be some residual value left in HOME.

Agreed that the only takers are likely to be people needing a crystalised tax loss.

[spectoacc] 04/12/2024 16:52

Got to wonder if the long delays to the accounts (no relisting likely until Q2 2025, if at all) relates to the possibility of directors' liability. The longer it all drags on, the more it disappears into the past.

Running/legal costs vs rent would be interesting.

[cc2014] 04/12/2024 16:42

Yes. I expect some will be desperate to create capital losses before end December.

The Board could sort this out by relisting the shares

[spectoacc] 04/12/2024 16:33

Ha ha brilliant - they should have made that offer before the SW loan was repaid tho.

10-20p IMO - same as it was before being suspended. 4p is a cheek.

[cc2014] 04/12/2024 15:38

4p a share if you want out now

[spectoacc] 02/12/2024 20:56

Board seemed simply inept, clueless, knew less about what was going on than we did on here.

However - where does the buck stop, if not with them. If they RNS that all's fine & dandy & VR's allegations are bunkum, can they really hide behind having been told that by the very investment manager whom the allegations were against?

Another to remember in this: M&G, who kept buying as the shares tanked and clearly do so little research they didn't investigate the allegations even slightly.

Also a certain poster whose regular response was to accuse everyone else of being in league with VR/lawyers.