Home Reit Share Discussion Threads

[tidy 2] 05/1/2016 13:16

L2 says this has long legs.

[tidy 2] 05/1/2016 13:15

HOMESupermarket giant J Sainsbury has revealed it has made an unsolicited approach for Home Retail Group, the owner of Argos and Homebase.The cash and shares approach, which was made in November, was rejected.Shares in Home Retail have shot up by more than 30pc to 132p following the announcement valuing the retailer at £1.04bn, having risen some 10pc ahead of it. Sainsbury's meanwhile sank by 4.78pc to 243.5p as investors reeled from the unexpected hostile approach.Britain's second biggest grocer said it was now considering its position, and emphasised there was no certainty of an offer.The supermarket is already trialling Argos stores in some of its larger supermarkets.Sainsbury's said that a combination of the two businesses would "create a food and non-food retailer of choice for customers, building on the strong heritages of both businesses whose brands are renowned for trust, quality, value and customer service".However, observers noted the statement lacked any mention of Homebase, Home Retail Group's DIY chain, and inferred that this could mean the division would be sold off.

[it_trader] 05/1/2016 13:09

Buyers drying up for now.

[dealer1972] 05/1/2016 12:56

i guess it depends what is announced on the 14th also re potential 2nd profit warning.

[tidy 2] 05/1/2016 12:55

Stonking buy then. In at 125 !!

[solanki2000] 05/1/2016 12:52

Realistically a bid to be accepted would have to be around over £2 a share with argos loan book value alone. Home won't can't really entertain anything below this l. Carries no debt and is a healthy position. Would be crazy to accept any offer at these levels

[jonny33] 05/1/2016 12:48

I think some shorters will be feeling some pain today....

[dealer1972] 05/1/2016 12:48

IMO they tabled an offer when the share price hit the £1 mark and judging by the price action the offer was probably around £1.30ish. I would have thought an initial revised offer would have to be £1.50+.

[dangersimpson2] 05/1/2016 12:41

Either Sainsbury's have been forced to announce due to Home Retail's price move this morning or have decided to go public to push the issue. No price indications so hopefully we will get a seperate HOME response that will put a bit more colour to the offer. Ideally it will contain the words '...offer...substantially undervalues Home Retail's business & potential.'

[tidy 2] 05/1/2016 12:41

Lol how high will this now go guys.

[toffeeman] 05/1/2016 12:38

As a SBRY shareholder I truly hope so!

[jonny33] 05/1/2016 12:36

just read it woo hoo....I suspect Homebase will go to another buyer

[dealer1972] 05/1/2016 12:31

sainsburys offer rejected last November but looks like they may table another

[losses] 05/1/2016 12:31

Sainsburys made offer but home rejected it in november

[jonny33] 05/1/2016 12:29

please share, all I see is the share price going nuts

[rolo7] 05/1/2016 12:12

reaction to the warm weather from the next statement?

[jonny33] 05/1/2016 09:47

has some news been released?

[oldvic] 05/1/2016 09:45

take over target

[jonny33] 31/12/2015 10:08

Hi Katie, the 'spikes' you are seeing first thing in the morning is due to a lack of volume in the market, (Christmas everyone is on holiday) it could be a 'buy' has gone through first thing, with no other trades to balance it causing a spike, then as the volume increases it settles to a more stable price.

[katie priceless] 31/12/2015 08:46

Yes , its very strange on the first spike yesterday i bought and then got stopped out, today i waited until it fell back to 99p and bought.

Maybe nobody knows for sure how much profit they have made over christmas or maybe bid coming soon after results of sales are known

[dealer1972] 31/12/2015 08:24

Very strange bid/offer activity this morning. Spike up again, at 08:07 it was 109.4 on the bid!

[katie priceless] 30/12/2015 09:36

110p first target

[katie priceless] 29/12/2015 09:26

Spike in share price on opening 108 then back to 102-101

[katie priceless] 26/12/2015 20:08

Sales are up then., but what's the problem ? run out of stock , slow with the paperwork.