Home REIT (HOME)

Home REIT (HOME)

Previously known as:
Previous Name: Home Retail Group plc
Previous TIDM: HOME

Blog posts

A Tale of Two Investment Trusts

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

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

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)

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)

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 ...