"HMC price will drop when they do their capital reduction, but...

First 13 Last

Share
Profile

Follow
sh00t1ngf1sh

316 Posts.

10

28/10/20

13:05

Post #: 48453759
Share

Originally posted by Juke77: ↑

i originally bought HMC post float at $3.70 and a few more on 23rd March at $1.37 when the market dipped, they pay FF divs.
Did not participate in July SPP at $2.88, had other priorities but in hindsight i should have bought a few more. My mistake.

HMC will spin out DNR ( Daily Needs Reit ) on a 1 for 2 basis ( 1 DNR for every 2 HMC ) , valued at $1.33 a share, will also do SPP at same price.

HMC price will drop when they do their capital reduction, but not sure exactly by how much. Could be a buy opportunity !

DNR will pay divs but i assume no franking ( property trust). So i will buy some more to get the yield. SP should improve as Covid-19 dissipates.

HMC - i also think their business will improve as Covid-19 dissipates, so i will buy more at the post spin out price and hold for improved SP & FF divs.

Overall a win win situation.
This is my reading of the deal and happy to be corrected.

Expand

"HMC price will drop when they do their capital reduction, but not sure exactly by how much. Could be a buy opportunity !"

I believe HMC holders are getting some payout in DNR shares etc. I'm halfway through reading the prospectus atm.

HMC Price at posting: $3.79 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ASM

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

BBT

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

PH2

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

DYL

Much-shorted Oz Uranium stocks enjoying big week – and big price jumps

First 13 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $4.72		Change -0.020(0.42%)		Mkt cap ! $1.943B

Open	High	Low	Value	Volume
$4.71	$4.74	$4.66	$602.0K	127.9K

Buyers (Bids)

No.	Vol.	Price($)
14	1993	$4.71

Sellers (Offers)

Price($)	Vol.	No.
$4.72	1753	9

View Market Depth

No.	Vol.	Price($)
8	1083	4.710
21	6558	4.700
13	8045	4.690
14	14819	4.680
11	19877	4.670

Price($)	Vol.	No.
4.720	2613	12
4.730	6929	12
4.740	15250	15
4.750	6477	15
4.760	16377	10

Last trade - 11.45am 17/06/2025 (20 minute delay)

HMC (ASX) Chart

"HMC price will drop when they do their capital reduction, but...

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

Much-shorted Oz Uranium stocks enjoying big week – and big price jumps

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

"HMC price will drop when they do their capital reduction, but...

Top Stories

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

Much-shorted Oz Uranium stocks enjoying big week – and big price jumps

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News