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Home REIT (HOME)
Previously known as:
Previous Name: Home Retail Group plcPrevious TIDM: HOME
Blog posts
A Tale of Two Investment Trusts
Post Date: September 9, 2023
The views expressed in this article are those of its author and not necessarily those of ShareSoc.
Salutary Lessons for Directors and Shareholders of Trusts Investing in Alternative Assets
Usually, the role of non-executive director at an investment trust is a bit of a sinecure. Most investment trusts invest in stocks and bonds. Their portfolios are easy to value and there is little scope for misdeeds. Most such trusts publish their NAVs daily. The principal role for NEDs of such trusts is to ...
Home REIT – A Personal Viewpoint
Post Date: March 6, 2023
This article reflects the opinions of its author and not necessarily those of ShareSoc.
Initial Period
Home REIT (HOME) appeared to offer rather an attractive proposition. It was intended to purchase residential properties and lease them at affordable rents to charities and public bodies (“the tenants”) providing accommodation for the homeless. The rent was supposed to be covered by housing benefits paid directly to the tenants, i.e. fully government backed. Rental income was expected to be sufficient to support a dividend of at ...
Home Retail Group Trading and Disposal
Post Date: January 14, 2016
As a follow up to my blog post on the possible Sainsbury/Home Retail deal yesterday, here are some comments on the Home Retail Group trading statement issued this morning.
Total sales at Argos increased 0.9%, but like-for-like sales were down 2.2% in the period as a result of reduced store footfall and growth in digital transactions. Homebase total sales were down 4% but like-for-like grew by 5% - this mix arises from an "aggressive store closure program".
But the killer in their statement ...
More on Sainsbury (SBRY) and Home Retail Group (HOME)
Post Date: January 13, 2016
Sainsbury published their Third Quarter Trading Statement this morning (13/1/2016) and they have also published a document arguing the merits of their possible bid for Home Retail Group under the title of "Accelerating our strategy for growth". Home Retail Group previously rejected an approach from Sainsbury on the basis that it undervalued the company. This note discusses the latest news as a follow up to my previous comments on this matter.
Now I have previously declared an interest in this subject as ...
Sainsbury (SBRY) and Home Retail Group (HOME)
Post Date: January 5, 2016
Sainsbury have announced today (5/1/2016) that they may be making an offer for Home Retail Group (the owners of Argos and Homebase) although their first approach in November was rejected. No doubt the publication of this information, and the advantages of such a merger, is intended to bring pressure on Home Retail to talk further.
Now I have to declare an interest in this matter have recently purchased a few Sainsbury shares on the basis it looked the best value in a ...
ShareSoc News
The Pros and Cons of Shareholder Litigation
Post Date: September 25, 2024
A key element of ShareSoc’s mission is to ensure fair treatment for individual investors. We often campaign when investors are misled, or their funds are misappropriated.
There are two principal outcomes we look for:
1. Redress for losses that should not have happened.
2. Punishment for those that mislead investors or misappropriate funds, to deter others.
This article focuses on the first of these desired outcomes, although we are equally concerned about both.
Wherever losses are recoverable we want to see that happen. The question we ...
Will The FCA Help or Harm Home REIT Shareholders?
Post Date: February 20, 2024
The FCA has finally stepped in, but will this help shareholders or just devalue their investment further?
The destruction of shareholder value at Home REIT has been horrendous. Over £853m was raised from shareholders. The latest published valuation of the REIT’s property portfolio is only £413m (as at August 2023) and the trust has net debt of around £144m (as at February 2024), so NAV is now less than £369m.
The background to this sorry saga is contained in this article by ShareSoc ...
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