Member Info for adv11

Update regarding possible offer for Home REIT PLC ("Home") by Bluestar Group Limited ("Bluestar")

Since Home's 16 February 2023 announcement, Bluestar has invested significant time and resources in arranging financing, carrying out outside-in due diligence and continuing to engage or attempt to engage with Home on the possible offer. To support this, Home provided Bluestar with limited diligence information in February 2023, but, despite repeated attempts by Bluestar, has provided nothing in the subsequent months. We have also not been provided access to the board of Home (the "Board"). On 14 April 2023 Bluestar submitted a proposal to the Board for the entire issued and to be issued share capital of Home for 40 pence per share in cash (the "Possible Offer"). Any announcement by Bluestar of a firm intention to make an offer pursuant to Rule 2.7 remains subject to the satisfaction or waiver (by Bluestar) of a limited number of customary pre-conditions, including financing, which is at an advanced stage with its anticipated financing providers, and due diligence, which awaits appropriate engagement from Home.

The Possible Offer represents a premium to Home's share price as at suspension of its ordinary shares prior to market open on 3 January 2023 despite a heavily negative news flow and a serious deterioration in Home's rent collections and broader operational performance. Bluestar considers that the Possible Offer provides a route to upfront liquidity, at a valuation level that Bluestar does not anticipate Home achieving in the public markets in the medium term and with significantly reduced execution risk relative to other strategic options that may be available to the Board to deliver value to the shareholders of Home.

Bluestar remains highly motivated and enthusiastic about the Possible Offer but has been frustrated by the lack of engagement from the Board, which has been particularly pronounced in the last three weeks. Home has declined repeatedly to provide a formal response to the Possible Offer but Home's financial adviser, Smith Square Partners ("SSP"), has provided guidance that Bluestar should wait patiently until the Board is able to assess the Possible Offer and provide Bluestar with the requested due diligence information. SSP was also clear that it expected the Board to view favourably any requests by Bluestar to extend the current and future PUSU deadlines. In recent weeks, Bluestar has repeatedly attempted to meet with Home's Chairperson and SSP in order to explore ways in which it might receive information and access in order to progress its due diligence. Bluestar has been disappointed to receive no meaningful engagement with the only meeting that Bluestar was able to schedule between Lynne Fennah, the Home Chairperson, SSP, Bluestar and Numis being cancelled by SSP on behalf of Home at short notice.

On 5 May 2023, Bluestar made a formal request to Home for an extension to the PUSU deadline of 5.00 p.m. on 11 May 202

Please be very careful using Latin on these boards CarpeDiem1, people can be very sensitive.

I/web (Halifax/Lloyds) banned me from adding some time ago, although I already had a holding. Switched to Jarvis Xo and had no trouble since. Bank owned brokers seem to increasingly be trying to tell people where they can and can't invest.

Got mine on the day, although waiting for several others.

Absolutely amazes me that with such expert rampers/commentators/yellow jersey men on this discussion board, no one knows where to find dividend information. Makes me think some people over estimate themselves.
But of course, I know that I know nothing.****
DEC Diversified Energy Company FTSE 250 96.2p $0.04375 Final
Dividend Impact -3.63% Declaration date-21-Mar-23
Ex-Dividend Date -25-May-23 Payment Date -30-Jun-23

****"I know that I know nothing" is a saying derived from Plato's account of the Greek philosopher Socrates: "For I was conscious that I knew practically nothing..."

As expected, another attack on REI from the resident non-shareholder(s).
You couldn't wish for a more honest company.
Regional is down from 100p at float to 56p today. Great company !
REI was 44p in 2013, it's 29p. now. Without bothering to check I'd say it has paid it's price in dividends during that time.
Regional has a market cap of £292 million. Real Estates is a minnow at £49 million.
Dividend Cut ? Wasn't that all explained in the last quarters update ?
Now we have directors buying, talk of more buy backs, possible cash return to investors ?

Crewe never gets a mention - There is a whole section on Crewe ! How easy it is to not see what you aren't looking for.
QUOTE*****Crewe - The former Argos unit became vacant after the store consolidated to the local Sainsburys and we are now under offer to a national occupier for the ground floor of this unit. Additionally, we are in solicitors' hands for a new lease agreement to Bodycare to take the former Clinton Cards unit with anticipated opening during the summer. We currently have two vacancies in the indoor mall which occurred after Christmas, but we are working hard to find occupiers, with ongoing interest. We have agreed to sell the consented new drive thru land in the rear car park to a well-known fast-food operator and once completed we feel that this will have a very positive effect on the scheme. Parking revenue has been resilient and we have recently renewed our parking contract with an operator which includes brand new parking machines and improved car park signage.

A top up here for me today. Now I am off to find another source of share price information, where hopefully people don't try and destroy companies just to amuse themselves. Over and Out.

"a 17% reduction in dividend".
Thank heavens it is limited.

It's a big welcome back to the dividend traders. Top of my leader board this morning. Don't forget to let us know when you leave.

I'm no expert, just a long term holder who was happy with the dividends rolling in. There seems little incentive for the board to push VSL now. A long wind down will keep their wages coming in and probably produce the best outcome all round. Personally, I suspect we will still be here in 3 years, getting gradual returns of capital, and diminishing dividends. Then when it becomes too costly to keep the listing, they will take the company private to finish the job off.
But, as I am often told, I know nothing. Does Richard Levy still have all his holding ? Without checking I think his last buy was around 68p. If he hasn't sold any, then at least the assets worth a lot more than the share prcice

Of course, we already dropped from 80p dividend to 64p and now 51p. Usually companies cut the dividend to grow the company, but it rarely works (EAT ?). I'll stick with it for now, massive losses if I sell. No longer in my remit if I don't. Yet the management are happy they are doing a great job.

Personally, I would be more impressed if they paid a dividend rather than investing in reports.
I won't be ring them to find out when though (private joke).

Forget that, the buys showing around 539/540 must be sells. 550 to buy. Added into Starwood SWEF instead.

....but changing to half yearly dividends in 2024 unfortunately. May add a few to average down, but then look for opportunities to get out later in the year.

Appreciate you input and knowledge on this Monkshood.
This is what these boards should be used for, not the blatant ramping/deramping that goes on every day. Refreshing to read rare posts from someone without an agenda.

Google is your friend when it comes to Latin.
But if you mean the first section, you can't have failed to notice that these pages are besieged by superior beings who try to talk the share price up and down. Duke, Jarvis, VPC/VSL.
One minute they wouldn't touch the company with someone else's barge pole, the next they are full invested, the future is bright, then suddenly they are all out and advising their followers to do the same.
They used to confine themselves to penny oil stock boards, but they somehow made the leap into quarterly dividend payers. Soon they will be old enough to spend their time in the pub and learn to drive.

The derampers are buying back in this morning. What time will they start ramping ?
Wouldn't want to be out of this over the weekend. Etc. Etc.
Flectere si nequeo superos, Acheronta movebo.

You have always been knowledgeable enough to follow your own feelings @barchild. There are too many people on these boards talking shares up for months on end, and then bragging that they sold out and wouldn't touch them at any price. Until of course people take notice, sell out, and they buy in again and pretend they were never gone.
Fortunately I have most of these yellow jersey men blocked, and I will make my own decisions with no regret. Leaders of men are always focused on their own back pockets.

Fund manager hoping to ride to rescue of troubled Home REIT receives backing of several major investors.

Nothing really new, but suggests that the bid from Blue Star is a time delay tactic to restrict information. Personally I believe RM will be the best way forward.

I have usually looked on this as a long term holding, but sold out as it seemed to get a bit overheated. My last buy was at 680, and I would buy back at that price. Under 4% yield at the moment, I try to keep my average yield at 6% or above, so buying back would bring this down. Of course, a lot of it's holdings also went sky high over the last months, Shell, BP etc, so at the moment I am out of those, and Edinburgh and Merchants Trusts.
Definitely keeping my eye on all of these, but not quite buys yet in my view.

Yes, we all need a few smiles at the moment @K.
Probably wouldn't be smiling if I could read the other comments on this page, but hey-ho.