Home Reit Share Discussion Threads

[apollocreed1] 27/5/2022 17:33

@elbrus55- Makes sense.

[elbrus55] 27/5/2022 13:34

My guess would be that institutions overbid in the placing in anticipation of scaling back. It turned out they got a higher % than they were expecting and so are now overweight to where they want to be. They are keen to offload shares onto the market to reduce their overweight position and this supply reduces the share price.

[apollocreed1] 27/5/2022 11:30

The question now is why it has fallen dot much? 112.4 now

[apollocreed1] 27/5/2022 09:23

I think you guys are right. Good buying opportunity this morning.

[elbrus55] 27/5/2022 09:21

I bought more at 114.3p (XD)which is a tiny amount less than placing price even after the extra stamp duty.Hope they can invest all that cash quickly and wisely.

[gbcol] 27/5/2022 08:37

Good result for the fundraise so wasn’t expecting this fall. Hopefully just short term and will bounce back strongly when result of new placing shares hitting market settles down.

I didn’t quite get this one right, bought at 117p as wasn’t able to take part in placing but expected it to at least maintain that level. Managed to get more this morning at 114p. Happy to hold this for medium term as there is a reasonable divi and expect NAV/SP to improve back to pre-placing levels before too long.

[jonwig] 27/5/2022 08:00

HOME "has raised gross proceeds of approximately £263 million through a significantly oversubscribed Subsequent Placing of 228,899,083 New Ordinary Shares at an issue price of 115 pence per New Ordinary Share."

Increased size of offer but still oversubscribed! Even in these uncertain markets there are some areas where shares are in demand, and there's not much danger of actually losing money.

[gbcol] 16/5/2022 13:48

Thanks jonwig & nexus. I don’t think going direct to Alvarium will work as I’ll want to invest through my SIPP. I might speak to AJ Bell although if I recall correctly, last time I discussed with them the fees were very high - telephone charges plus a further charge for having to contact the company broker directly. At £40 I’d definitely do that but it was a lot more than that.

[nexusltd] 16/5/2022 11:55

I have in the recent past called my broker, ii, and given sufficient time to the offer closing date, they will contact the company broker and arrange to buy the shares. Telephone dealing charges apply c. GBP40 for this service.

[jonwig] 16/5/2022 11:06

You could probably ring Alvarium Securities and ask them how you could pick up some shares. They'd probably stipulate a minimum which would have four figures.

[gbcol] 16/5/2022 10:04

Am I correct in my understanding that as a placing this isn’t open to existing shareholders? I guess that share price will fall back towards 115p anyway (already dropped 3-4p) although probably/hopefully not quite that low.

[jonwig] 05/5/2022 08:20

H1 results:



I've taken my eye off these lately, though I still hold. All looks good!

[nexusltd] 27/1/2022 16:17

Dividend announced this afternoon.

[gbcol] 26/1/2022 10:09

Presumably now that they have deployed all the proceeds from last fund raise they will be looking to do another one in the near future. Maybe around 115p which would both enhance the last published NAV and give a discount to current share price

[gbcol] 13/1/2022 16:44

Quarterly based on this from the prospectus

Dividend policy
The Company aims to provide its Shareholders with secure and growing income along with capital growth over the medium- term. Starting from the financial period commencing 1 September 2021, the Company intends to pay dividends on a quarterly basis in cash, by way of four equal interim dividends.

The Company is targeting a minimum total dividend of 2.5 pence per Ordinary Share for the first financial period to 31 August 2021. Starting from the financial period commencing 1 September 2021, the minimum targeted annual dividend yield will be 5.5 pence per Ordinary Share, with the potential to grow the dividend in absolute terms through upward-only inflation-protected long-term lease agreements. In addition, the targeted net total NAV return will be a minimum of 7.5 per cent. per annum over the medium term.

[nbudd] 13/1/2022 16:07

So, they're targeting a 5.5 div for this year. Any thoughts as to whether this would be via a quarterly div or just using the three as per last year? If quarterly, we're overdue an announcement.

[jonwig] 31/12/2021 12:56

Latest NAV was just 105p, so they must be doing something right!

One factor is that they can access really cheap debt, but the main one is that the gov't just can't ignore the homeless problem (as it's a Covid hazard) and domestic violence has reached new levels after lockdowns. Actually, I think women's shelters are a bigger thing than getting people off the streets.

I think they must be the only provider of this service with any size advantage.

[jojo] 31/12/2021 12:36

Quite content with performance to date.

jojo 14 Nov '20 - 10:04 - 5 of 44 Edit

hope they succeed

[apollocreed1] 31/12/2021 12:34

How come this share price is flying? I expected it to be very boring and stable.

[zoa] 02/12/2021 13:56

It is a bit misleading for the company to state that the margin on the new loan @ 2.53% is 5 basis points lower than the existing loan. The older loan is for £120 million @ 2.07%

It must be that the new loan is 5 basis points lower than the margin over Libor of the earlier loan.

Still a great financing deal though.

[savogi] 12/11/2021 15:35

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[rustle2] 11/11/2021 08:35

Many thanks for sharing your greater wisdom!

[jonwig] 11/11/2021 08:17

Does this explain it -

100% per cent of the Company's rental income is linked to CPI annual rent reviews with caps and collars of 1 per cent. and 4 per cent respectively. Rental income will therefore track inflation up to the 4 per cent cap.

In times of deflation the 1 per cent collar will provide continuation of upward only rental growth.

A cap of around this level is pretty normal, I think.