Home Reit Share Discussion Threads

[haywards26] 17/1/2016 17:02

I think the £1.60 will exclude the Homebase sale, the two bids together should hopefully see a total bid amount of £1.80.

The weekend press is pointing towards a firm Sainsbury's bid in the offing

[leadersoffice] 17/1/2016 07:30

Sainsbury's thought to want to pay no more than £1.60 HRG shareholders will accept £1.80. It's a no deal at £1.60. Lord Sainsburys gives his blessing to pursue HRG.

[imranawan] 14/1/2016 20:10

Thanks Haywards.

I've held HOME since before the takeover bid. Hope you're right that it does get taken out for a premium. Good luck.

Regards, Imran.

[haywards26] 14/1/2016 19:51

Hi Imranawan,

I have had HOME on my watch's list for years. But only bought in for the first time this morning following the Homebase bid being announced. On the balance of probability I think Sainsbury's or another party will now gobble up the remainder of HOME at premium to the current share price.

[imperial3] 14/1/2016 16:19

Back up on the up.Let it continue.

[fizzypop] 14/1/2016 14:52

Good chance we may close above 150p today.

[imranawan] 14/1/2016 13:44

Haywards - am I right in thinking you've now sold out of HOME. Your post wasn't very clear.

[haywards26] 14/1/2016 13:30

I think the odds are in favour of the Homebase deal to be done and complete, Sainsbury's to come back with a improved firm offer for the remaining Group. Then it is down to whether the improved offer is reasonable and acceptable. At 150 I have taken my gamble :)

[haywards26] 14/1/2016 10:36

Takeover looks more likely re Sainsbury's - IMO they only want the Argos element, with Homebase gone it becomes a more attractive deal for them.

[libertine] 14/1/2016 09:59

With Homebase off their backs a takeover looks less compelling to large shareholders.

[svenice7] 14/1/2016 09:47

I mean £1.58

[svenice7] 14/1/2016 09:47

Bought at £1, sold at £158. Cheers ??

[haywards26] 14/1/2016 09:32

Bought in this morning. I think there is value here bid or no bid. With Homebase likely to be sold and further investment in the Argos digital offering. It is a matter of time before either another bidder arrives or improved profitability.

[fizzypop] 14/1/2016 09:26

£200m equates to about 25p per share

[fizzypop] 14/1/2016 09:14

Above article: " The British company said it will hand around £200m of cash back to investors from the sale of Homebase, which might prompt Sainsbury's to raise its next offer.

Wesfarmers owns the Coles supermarket chain

The rest of the £340m will be spent on pension contributions and deal costs, with only £15m retained by the company."

Sounds like a large special dividend to me.

[jonny33] 14/1/2016 08:25

if Sainsburys decide to pull out I would be selling now. However if you believe there is another offer coming anything above 1.80 would be great.

[khitchen] 14/1/2016 08:17

what price do we sell at any clue

[simon templar qc] 14/1/2016 07:55

If Sainsbury walk away share price will retract.

[rimmy2000] 14/1/2016 07:52

useful snippet
As a result of the most recent trading period, we expect that Group benchmark profit before tax for the financial year ending February will be around the bottom of the current range of market expectations of £92m to £118m.

[leadersoffice] 13/1/2016 17:55

Want I wanna know is how much Sainsbury's will pay per share for Argos? Can't be any less than £1.85.

[jonny33] 13/1/2016 17:52

I don;t think Homebase is part of Sainsbury's plans, so if this sale goes ahead will unblock some issues.

Remember Sainsbury's put the initial takeover bid in November, I suspect it was on the condition Homebase was not part of the picture.

[leadersoffice] 13/1/2016 17:40

Did Sainsburys want shut of home base?

[oldvic] 13/1/2016 17:31

perhaps Sainsburys got wind on a new supermarket rival from Aus interested in bricks and mortar in UK
TESCO couldnt do it,Asda didnt want to ,morrisons had their own problems ,Sainsburys felt they could try the blocker