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[haywards26] 19/2/2016 20:32

Great news :)

[jaykaytee] 19/2/2016 19:41

fantastic news!

[fizzypop] 19/2/2016 18:14

DT comment on new bid:

[davidosh] 19/2/2016 17:21

Going to be very interesting from here now a rival bidder....

Home Retail Group plc

Statement Regarding Steinhoff Announcement

The Board of Home Retail Group plc ("Home Retail Group" or the "Company") notes the announcement regarding a possible offer by Steinhoff ("Steinhoff") and confirms that it has received an approach from Steinhoff regarding a possible cash offer for the Company for a total value of 175 pence per Home Retail Group share (the "Steinhoff Proposal"). The Board is reviewing the Steinhoff Proposal with its advisers and will make a further announcement in due course. Home Retail Group shareholders are advised to take no action at this time.

[spob] 19/2/2016 15:06

D-Day Tuesday

[oldvic] 19/2/2016 09:11

d day monday ???

comments flowing like mud on here !

[imperial3] 18/2/2016 17:00

The more Sainsburys goes up the more I like it,if it is a done deal.

[dangersimpson2] 18/2/2016 16:20

With Sainsbury's @263p it is more like 167.2p since the offer is 82.8p cash + 0.321 SBRY shares.

[jaykaytee] 18/2/2016 15:55

Correction - 161.3p

[jaykaytee] 18/2/2016 15:55

Share price slowly rising over the past few days, as we get closer to the deadline. Does this indicate that this is a done deal?
Sadly we have not had any counter bids from any other companies like Amazon, etc.
So we are unlikely to have a bidding war - £161.3 seems to be it folks!

[gain] 17/2/2016 09:14

The grim reality of the EU

[gain] 17/2/2016 07:31

MEP Hannan on cnbc this morning said that Originally Cameron wanted a renegotiation of UK relationship with EU but has ended up with a ninor reversible rule change

[gain] 17/2/2016 06:16

We have friends of long standing ready and anxious to trade with us - instead of the anti-democratic unjust and politically biased EU

[katie priceless] 08/2/2016 15:34

It would have been a counter bid , when did Sainsburys first put a bid price to HOME and was turned down ?

[imperial3] 08/2/2016 15:01

I reckon this is a done deal with Sainsburys.Mike Coupe is hardly likely to back out now,after all that has been said,about the synergies of the businesses.

[haywards26] 08/2/2016 13:34

Katie Pricless....that snippet is hardly counter bid news. It just mentions previously another party looked at Home but decided to focus on other deals...

[jonny33] 08/2/2016 13:34

I actually like tip TV it's good for getting market views and trends however some of the tips are pretty rubbish - I've tracked a number of their recommended 'growth' shares only to see them bomb eg Falanx (FLX) tipped at 40p, now 6.5p; Pantheon Res (PANR) tipped a few weeks ago for £2 when they were £1.5 now 88p.

They monger in gossip there is not enough consistency to actually take the information seriously.

[katie priceless] 08/2/2016 13:30

That's the one

[fizzypop] 08/2/2016 12:05

Which company katie?

[katie priceless] 08/2/2016 10:51

Counter bid story for HOME over the weekend , talking about it on TIP TV

[imperial3] 08/2/2016 10:43

What do you mean khitchen?

[khitchen] 08/2/2016 09:09

what is going on here any one have an idea

[stardog2] 05/2/2016 19:44

Good point Spob I hadn't considered playing it that way but that would certainly mitigate any risk of the Sainsbury share price falling away. I guess there is a small risk that the due diligence process could reveal problems but I expect the deal to go through.

[spob] 05/2/2016 11:00

Stardog

you could take an arbitrage position

the spread at the moment is around 7.6%

If you are confident of the deal going through you can guarantee that 7.6% by going long HOME and at the same time going short SBRY


Example

If you bought £10,000 worth of HOME @ 150.6p that would give you 6640 shares

You would then short 6640 x 0.321 shares in Sainsbury = 2131 shares (value £5265)

If the deal does go ahead then no matter what happens to the sainsbury share price you make a profit of around £764 in this example


Obviously if the deal does not go ahead you lose more than £764


That's the risk you take


The good thing about a spreadbet account is that you do not have to put up the £15,265 to place the trade


You might get your 7.6% in 4 or 5 months

How many years in a cash isa to get 7.6% ?