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HOME Home Reit Plc

38.05
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Home Reit Plc LSE:HOME London Ordinary Share GB00BJP5HK17 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 38.05 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 11.76M 20.93M 0.0373 10.20 213.72M
Home Reit Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker HOME. The last closing price for Home Reit was 38.05p. Over the last year, Home Reit shares have traded in a share price range of 0.00p to 0.00p.

Home Reit currently has 561,671,382 shares in issue. The market capitalisation of Home Reit is £213.72 million. Home Reit has a price to earnings ratio (PE ratio) of 10.20.

Home Reit Share Discussion Threads

Showing 3751 to 3773 of 5375 messages
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DateSubjectAuthorDiscuss
31/1/2016
21:31
I hadn't thought of that Kazoom, so to sweeten the Sainsbury's deal, keep the 200m from the Homebase sale. However there would need to be a sweetener for the shareholders in there somewhere.
jonny33
31/1/2016
21:24
If it was even a possibility that we might be looking at 160 + 24 then the share price would be sitting around 160, taking into account the downside risk.
scapital
31/1/2016
21:21
Not at all complicated Jonny - AFAIK the special dividend has only be suggested so far (I wouldn't even go so far as to say proposed) it is not agreed.

If a bid goes through, there will be no special dividend.

If the dividend was already agreed and timetabled, then Sainsbury would either be bidding for the company shares Ex-dividend at X p/share or Cum-dividend at X+24 p/share.

Nothing complex at all.

kazoom
31/1/2016
21:20
Considering I meant if dividend was paid out. Gives opportunity to trade stock even more for a gain
solanki2000
31/1/2016
21:18
Yes this is the issue I was considering, would could for instance maybe not give the dividend and pay 160p, after all its not even passed through to the shareholders vote etc. This is why I suggested would it be 160 + 25p. This is unclear
solanki2000
31/1/2016
21:01
I want to speculate about the future and especially the 24p per share return to shareholders.

1. Lets assume the Sainsbury's bid does not go ahead - Then I believe the share price will drop back to around £1.20, it'll hold this price until the Homebase sale is ratified by shareholders and the special div (24.6p) is paid. At which point the share price should drop by c24p to just under a pound.

2. Lets assume Sainsbury's successfully strike a deal, the share price will move to the agreed price....but now it gets complex, what happens to the share price once the special dividend is paid?

I'm really looking for some guidance here as either way there is a big movement in the share price about to take place, which to a certain degree is predictable and has the potential to allow some money making opportunity if it's worked out.

I'm interested to hear peoples views, especially if you have come across this type of scenario before.

jonny33
31/1/2016
19:46
I'm not sure of a bidding war happening.At £1 it was a bargain and people were sniffing around but £1.60 is another half a billion pounds.
scapital
31/1/2016
19:24
160 deal imv.
imperial3
31/1/2016
18:49
Sold out too cheaply if this is the case. Need others to get involved to bid
solanki2000
31/1/2016
16:51
Looking like 160 if this is to go ahead on a compromise basis.
imperial3
31/1/2016
07:58
Would this be 160 + 25 separate for dividend = 185. Needs to be clear
solanki2000
31/1/2016
07:12
Has to be £1.70 or above. £1.60 is a no goer
leadersoffice
30/1/2016
22:39
So 160 it may well be...
haywards26
30/1/2016
12:59
Had the chance of selling at around 160, damm it. Zac Mir thinks it will go down to 120 if no bid.
katie priceless
30/1/2016
11:31
Latest press article is saying talks continuing, stumbling block being price, Home want 170 yet Sainsburys offering 150. Surely they will have to settle at 160 if this is the case.

I was expecting higher however...not long to wait now.

Has EK made any recent comment?

haywards26
29/1/2016
22:04
They will have to be "ON Balance sheet" very soon
mornington crescent
29/1/2016
20:39
Leases are liabilities only for stores that are not profitable or in a liquidation situation. I agree if you want to value the business in a liquidation then it makes sense to include them but why one would want to liquidate a profitable cash-generate business I don't know. If trading below liquidation value is your investment criteria then there are very few business that will ever be for you. For everyone else what matters is the onerous lease provisions not the gross value.
dangersimpson2
29/1/2016
15:22
The annual report terms operating leases as "debt-like liabilities". Notably they are off balance sheet.
no dice
29/1/2016
15:04
clearly your understanding of non-cancellable fixed term leases is different to the norm
spob
29/1/2016
14:31
Spob - clearly your understanding of debt is different to the norm, i.e. debt is unpaid money for a service rendered, not a service that has not yet been fulfilled. Otherwise we are all bankrupt due to the gas/electricity/petrol/food/clothing etc. bills that we will incur in our lifetime.
kalkanite
29/1/2016
13:53
spod those lease 1/2 ish once homebase is sold!
rolo7
29/1/2016
13:47
Mathew Earl famous blogger in Twitter normally shorts has just gone long here Interesting
nw99
29/1/2016
13:42
"Unencumbered by debt"

Not true i'm afraid

Home has vast operating lease commitments

You can't just walk away from those stores and stop paying the leases

they still have to be paid

spob
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