Home Reit Share Discussion Threads

[jonny33] 02/2/2016 08:37

Fizzypop, well spotted I've updated the calcs and it now equals the bid priced announced £1.61

[fizzypop] 02/2/2016 08:30

Jonny33 ... it's a lot closer than that if you include the 2.8p Additional Capital Return.

[edmondj] 02/2/2016 08:21

The "possible" tag is surely a legal compromise in a situation of an impending timetable deadline, versus the prudent need for due diligence.

Sainsbury's has looked intent all along, it mainly being an issue of price.

[redartbmud] 02/2/2016 08:18

Yvonne

It is only a POSSIBLE offer. Not agreed yet and may not happen.

red

[edmondj] 02/2/2016 08:13

Wow, hope is alive!

[yvonne] 02/2/2016 08:11

does anyone know if they think the 25p returned to shareholders might be backdated to shareholders on the registar on day before Homebase sale was announced?

[simon templar qc] 02/2/2016 08:06

Problem with mix and match no one knows which way S shares are going shorters think they are overvalued.

Hence H shares down today.

[edmondj] 02/2/2016 08:03

Odey now twice wrong, going short HOME (before the bid approach and during negotiations, along a rationale the two sides would not agree terms),although Lansdowne Partners with (one of) the largest short positions in SBRY are generally no fools.

[simon templar qc] 02/2/2016 07:53

The other risks are Sainsbury's one of the most shorted shares but that could change. No position folks just watching!

[jonny33] 02/2/2016 07:50

I've done some maths on the deal please correct me if this is wrong

1000 shares @ £1.61 = £1610

25p returned from Homebase deal and 55p returned from Sainsburys plus 2.8p dividend= 82.8p returned

1000x0.828 = £828

1000 Home shares become 0.321 Sainsburys shares = 321 shares

Sainsburys price today £2.44 x 321 = £783

You now own £828 returned as dividend and £783 in Sainsburys shares = £1611

So if you keep the shares you have to hope Sainsbury's stay above £2.44 or you'll loose value

[nw99] 02/2/2016 07:27

161 mix and match a nicely done deal

[leadersoffice] 02/2/2016 07:23

A three week extension been granted from 5pm tonight.
Deal equates to £1.61 per share? could they not find a few coins down the back of the sofa and raise it to £1.65 lol
I don't think the offer is very compelling I have to say.
It's early days...

[dins1249] 02/2/2016 07:20

Approx 1.613

[nw99] 02/2/2016 07:17

Excellent happy days

[dins1249] 02/2/2016 07:16

Announcement made of agreement of possible agreement of price between the two

[leadersoffice] 02/2/2016 05:42

I'm still hopeful for £1.65 plus a return of 25p from the sale of Homebase. I'd be made up if someone else comes into the fray and offers £1.70. Any takers please? Place your chips now ladies and gentleman

[oldvic] 01/2/2016 23:37

Habitat is owned by Home

i wonder what will happen to that name

[haywards26] 01/2/2016 22:28

HOME own Habitat and recently sold Homebase.

[leadersoffice] 01/2/2016 22:22

Habitat?? You mean Homebase?

[katie priceless] 01/2/2016 21:31

Sainsbury's get's the brand name because it was not part of the homebase deal

[oldvic] 01/2/2016 20:24

what about Habitat
who gets that ?

[nw99] 01/2/2016 20:10

They have until 5pm tomorrow to announce it

[spob] 01/2/2016 16:29

3609

Wrong